Earn up to 3.35% APY2.  No account fees. No minimum balances.

Home equity line of credit (HELOC)

Unlock Your Home’s Value With a Flexible HELOC in Minutes

With Baselane’s HELOC powered by Figure, you can apply 100% online, lock your rate in minutes, and access funds in as few as 
5 days — all without refinancing your mortgage.

Find my rate
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100% free for landlords
Reports delivered in minutes
Nationwide tenant background screening

Why Choose a HELOC 
with Baselane?

Apply online and lock your 
rate in just 5 minutes
Borrow $15K to $400K 
using your home equity
No in-person appraisal required
Get funding in as few as 5 days
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Fixed-rate options available
A green dollar sign inside a green circle on a dark blue background.
Only pay interest on what 
you draw
Ideal for buying a rental, funding renovations, or launching an Airbnb
One of the fastest and easiest ways to access real estate capital in 2025.

What Is a HELOC and How Does It Work?

A Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home’s value. It works a bit like a credit card:

Draw Period (5–10 years):

Borrow as needed — for purchases, renos, or operating costs.

Only Pay for What You Use:

Interest-only payments on drawn funds.

Repayment Period (10–30 years):

Start repaying principal + interest over time.

Redraw Available:

As you repay, you can borrow again — without reapplying.

Unlike a traditional loan, a HELOC gives you flexibility, fast access, and long-term control over your real estate capital.

A checklist with four items: Draw Period (5–10 years), Only Pay for What You Use, Repayment Period (10–30 years), and Redraw Available.

Benefits of a HELOC for Landlords

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Use equity to fund your first rental property purchase

Renovate or rehab to boost property value and rent

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Finance a house hack or Airbnb setup

Stay liquid without cash-out refinancing

Leverage your existing home to scale your rental business

Interest-only payments = more cash flow flexibility

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See Your Estimated HELOC Rate

Use our quick calculator to see how much equity you can access, based on your home’s value, mortgage balance, and credit score.

Launch Calculator

How Baselane’s HELOC Compares

Find My Rate
Feature (via Figure)
Online Application
Yes – 100% online
Partial
Yes
Time to Funding
As fast as 5 days
3-6 weeks
10-30 days
Rate Lock Speed
In 5 minutes
3+ days
Same day
Appraisal Requirement
No in-person needed
In-person req.
May vary
Rental Property Friendly
Yes
Limited
Primary only
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How to Apply for a HELOC with Baselane

Applying is simple and 100% online:

1

Check your rate — no hard credit pull.

2

Submit your documents securely.

3

Get approved — often same day.

4

Receive funds in as few as 5 days.

Start Application

HELOC Eligibility Requirements

640+
Minimum credit score
80–85%
Max Loan-to-Value (LTV)
< 45%
Debt-to-Income (DTI)
U.S.
Available in most U.S. states
Own Property
Property must be owner-occupied or an eligible rental

Watch: HELOC Explained in 60 Seconds

2:55
Watch video
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What Landlords are Saying

Jamie D.

“Baselane + Figure made it ridiculously simple to get the capital I needed to renovate my duplex and boost my rents by $400/month.”

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Philadelphia, PA
Aaron S.

“5 days to funding. No paperwork hassle. No refi. Just equity I could use.”

A middle-aged man with short gray hair and a beard, wearing a dark blue shirt, looks directly at the camera with a neutral expression against a light-colored background.
Austin, TX
Jamie

“Using Baselane has helped me manage and scale my medium term rental business. I appreciate using a system that has so many capabilities built in. I've been using the rent collection, bookkeeping, and banking features for my business since January 2023 and I love how Baselane has continued to grow and evolve while collecting support from their customers and Baselane Builders.”

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San Jose, CA
*Actual results may vary by customer.

Frequently Asked Questions

A HELOC is a revolving line of credit secured by the equity in your home. You can borrow from it as needed, repay, and borrow again — similar to a credit card, but with significantly lower interest rates. It allows landlords to access flexible capital for purchases, renovations, or cash flow without refinancing.

HELOCs have two phases:

  • Draw Period: Typically 5–10 years. You borrow as needed and make interest-only payments on what you use.

  • Repayment Period: After the draw period, you begin repaying both interest and principal on the balance. You can’t borrow more unless you requalify.

To qualify through our partner Figure, most landlords will need:

  • A minimum credit score of 640+
  • A loan-to-value (LTV) ratio below 80–85%
  • Sufficient home equity and a strong debt-to-income ratio
  • A primary or investment property in an eligible state

You can borrow between $15,000 and $400,000, depending on your credit profile, home value, mortgage balance, and state eligibility.

Yes. Our lending partner offers both fixed and variable rate HELOCs, depending on your preference and qualifications. Fixed rates give you predictability in monthly payments.

Baselane offers HELOCs (Home Equity Lines of Credit) specifically — through our trusted partner Figure. These are revolving lines of credit rather than lump-sum home equity loans.

Once your HELOC is approved and funded, you’ll receive access to a secure online portal where you can draw funds directly into your linked bank account — whenever you need them.

No in-person appraisal is required. The entire process — including property valuation — is handled 100% online through Figure’s digital system.

Yes, many borrowers choose to refinance or convert their HELOC into a fixed-rate home equity loan down the line. This depends on your financial goals and current loan terms.

During the draw period, you’ll make interest-only payments on the amount you borrow. After that, you’ll enter a repayment phase (typically 10–20 years) where you pay back principal + interest monthly.

  • A Home Equity Loan gives you a lump sum upfront with a fixed repayment schedule.
  • A HELOC is a flexible, revolving credit line you can use and reuse — similar to a credit card, but secured by your property.

Get Your Personalized HELOC Rate in Minutes

No hard credit check. No bank runaround. Just real capital — made for landlords.

Start Now – No Hard Credit Check

© 2025, Skylight Financial Services Inc. (Baselane). All Rights Reserved.

Baselane is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The Baselane Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions.

1Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions regarding the sweep program. Pass-through insurance coverage is subject to conditions.

2The Annual Percentage Yield (APY) on your Savings Account is accurate as of 6/1/2025. Total balances across Checking Accounts and Savings Accounts are used to calculate APY tier, but only money in Savings Accounts is eligible for interest. Total balances less than $10,000 earn up to 1.56% APY for Savings Accounts. Total balances between $10,000 and $24,999 earn up to 2.35% APY for Savings Accounts. Total Balances between $25,000 and $49,999 earn up to 2.72% APY for Savings Accounts. Total balances of $50,000 or more earn 3.35% APY for Savings Account. Rates are variable and are subject to change after account opening. An APY bonus is applied to accounts that collect rent via Baselane banking within the prior calendar month.

4Some states require an interest-bearing escrow account for security deposits while some don’t require interest. User is responsible to check state laws along with rules for collecting and reimbursing a refundable security deposit. A brief overview of security deposit laws for escrow accounts in all 50 states can be found here.

*All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.