Easy funding for all of your rental properties

Yes — through our partner Figure, you can access a Home Equity Line of Credit (HELOC) to unlock capital from your existing property. Whether you’re buying your first rental, renovating to increase value, or house hacking with Airbnb, a HELOC offers flexible funding without refinancing. You only pay interest on what you draw — and approvals can happen in days.

A HELOC is a credit line secured by the value of your home, minus any existing mortgage owed. You can borrow against it, spend, repay, and borrow again using your home as collateral.

A HELOC works like a credit card: you’re approved for a credit limit based on your home equity, can borrow as needed during the draw period, and repay over time with interest only or full payments.

To qualify for a HELOC, you need good credit, stable income, low debt, and enough home equity—usually 15–20%.

You can typically borrow up to 85% of your home’s value minus your remaining mortgage balance.

You can access HELOC funds through checks, a debit card, or online transfers as needed during the draw period.

Yes, home appraisal is required to determine your property’s current market value before approving a HELOC.

Yes, you can refinance a HELOC to get better terms, lower rates, or convert it to a fixed-rate loan.

You repay a HELOC in two phases: interest-only payments during the draw period, followed by principal and interest payments during the repayment period.

A home equity loan gives you a lump sum with fixed payments, while a HELOC is a credit line you can draw from as needed, with variable payments.

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