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Best Home Equity Loan Lenders
BRAND PASS · U.S. home equity loans
Best Home Equity Loan Lenders
A planned lump sum. A clearer repayment schedule.
Explore SoFi home equity loans or compare participating lenders through LendingTree. Review your loan amount, fixed-rate options and full costs before putting home equity to work.
For eligible U.S. borrowers and properties. Your home secures the loan; missed payments can lead to foreclosure.
About this comparison: BRAND PASS covers two selected services, not the whole market. “Best” depends on your needs; these are not ranked or independently rated. Links currently go to official company websites and are not affiliate links. BRAND PASS does not offer loans or personal financial advice. External links open in a new tab.
Choose how you want to explore
Start with SoFi. Or compare lenders.
If you have a defined borrowing amount and repayment plan, a home equity loan may be worth comparing. Check the complete offer rather than choosing on the monthly payment alone.
SoFi Home Equity Loans
Explore lump-sum home equity borrowing through SoFi.
- Review its dedicated home equity loan information.
- Ask about the fixed-rate terms available to you.
- Discuss the loan amount, repayment term and complete costs.
Confirm the provider: SoFi says it offers loans directly or may assist with a Spring EQ loan. Ask which lender originates your offer and confirm eligibility, fees and state availability.
Explore SoFi home equity loans ↗
Review current personalized terms on the provider’s website.
LendingTree Home Equity Comparison
Explore home equity loan offers from participating lenders.
- Compare available matches for your borrowing profile.
- Request the same loan amount and term from each lender.
- Compare rate, APR, fees and repayment requirements.
Confirm the process: LendingTree is a marketplace, not the lender. Matches and offers depend on your profile and availability. Review data-sharing and contact consent terms before submitting.
Explore LendingTree home equity loans ↗
Confirm the loan’s terms with each matched lender.
SoFi vs. LendingTree at a glance
Both routes require a lender to assess the property, your finances and the proposed borrowing.
| What matters | SoFi | LendingTree |
|---|---|---|
| How you shop | Explore options through SoFi | Explore participating lenders through a marketplace |
| Loan provider | Confirm SoFi or a partner lender in your offer | The matched lender you choose |
| Loan amount & term | Confirm what is available for your profile | Compare each lender’s available amounts and terms |
| Rate & fees | Personalized by the originating lender | Set by each lender making an offer |
| Main question | What are my net proceeds and total repayment? | Which comparable offer fits my borrowing plan? |
Compare the payment and the total
A longer term can cost more.
This illustration uses a $50,000 fully amortizing loan at a hypothetical 8% fixed annual interest rate, with monthly payments and no fees. It is not a SoFi or LendingTree quote.
| Loan term | Monthly principal & interest | Approximate total interest |
|---|---|---|
| 10 years | $606.64 | $22,797 |
| 15 years | $477.83 | $36,009 |
The trade-off: Extending the term reduces the payment in this example but increases total interest. Compare the repayment amount and schedule, not just the advertised installment. Figures assume scheduled payments throughout the term; rounding and actual lender terms can change the result.
The assumed interest rate is not an APR or a current offer. Origination fees, closing costs, taxes, insurance and any existing mortgage payment are excluded.
Check these details before applying.
01. Borrowing capacity
Ask how the lender values your property and limits combined secured borrowing. It will also assess income, credit and existing debts. Your total equity is not necessarily the amount available to borrow.
02. Net cash & fees
Request the origination fee, appraisal and other closing charges. Check whether fees reduce the cash you receive or increase the loan balance. Confirm any early repayment or closure charges.
03. Repayment & affordability
Confirm whether the rate is fixed, the number of payments and the total repayment. Add the new payment to your existing mortgage and ongoing ownership costs.
If consolidating debt: A lower monthly payment may come from a longer repayment term. Moving unsecured debt onto your home adds foreclosure risk. Compare unsecured alternatives and consider speaking with a qualified nonprofit credit counselor.
Choose the right type of borrowing
Home equity loan, HELOC or cash-out refinance?
Home equity loan
Typically a lump sum with installment repayments. Useful to compare when the borrowing amount is defined.
HELOC
A line of credit with product-specific draw and repayment rules. Compare if your funding needs may change.
Explore HELOC options →Cash-out refinance
Replaces the existing mortgage with a larger one. Compare the new rate on the full replacement balance.
Explore refinancing →Home equity loan questions, answered.
Does SoFi offer home equity loans?
Yes. SoFi has a dedicated home equity loan page. Its disclosures say it may lend directly or assist you with a Spring EQ loan. Confirm the originating lender and terms in your offer.
Does LendingTree make the loan?
No. It connects borrowers with participating lenders. Each lender sets its own offer, assesses eligibility and provides the loan.
Are home equity loans usually fixed rate?
They usually have a fixed rate, but you should confirm your specific agreement. With a fully amortizing fixed-rate loan, the scheduled principal-and-interest payment is predictable; your wider household costs can still change.
Will this replace my first mortgage?
Typically a home equity loan is an additional secured loan while the existing mortgage stays in place. Confirm the lien position and structure. A cash-out refinance replaces the mortgage instead.
Can I borrow all of my home equity?
Not necessarily. The lender applies valuation, combined loan-to-value and financial requirements. Other liens can also reduce borrowing capacity.
Can I make extra payments?
Ask the lender how extra payments are applied and whether any prepayment charges apply. Do not assume every loan has identical rules.
How is this different from a HELOC?
A home equity loan provides an agreed lump sum with installment repayments. A HELOC is a line of credit, but initial funding and redraw rules vary. Compare the actual rate, fees and repayment structure.
Are these products for UK properties?
This page covers U.S. home equity services for eligible borrowers and properties. It is not a comparison of UK secured loans.
Your next step
Explore a loan with a clear repayment plan.
Review SoFi’s home equity options or compare participating lenders through LendingTree. Check your net proceeds, payment and total costs before deciding.
Continue on the provider’s website. This page does not collect loan applications or personal financial information.
Sources: SoFi home equity loan information · LendingTree home equity information · CFPB home equity loan explanation · Home equity loan and HELOC differences. Information checked 8 October 2026. Terms can change.
General information only, not personalized financial advice. Approval, rates and availability are not guaranteed. Your home secures the loan; missed payments can lead to foreclosure.