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Home Equity Loans

Unlock your home's potential with a home equity loan

Tap into your home's value with competitive home equity loan rates and flexible terms designed to fit your financial goals.

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Home Equity Loan Benefits

How a home equity loan works for you

Whether you're looking to renovate, consolidate debt, or cover unexpected expenses, a home equity loan can help you get there. Leverage your home’s value with Lower.

Fixed rates for predictable payments
Receive loan as a lump sum
Possible tax-deductible interest
Extended repayment terms available
Flexible loan amounts for any need

30,000+ five star reviews and counting.

Check ‘em out on: Trustpilot | Google | Zillow | Bankrate

5.0

I randomly chose Tonya to visit with back in the fall when I was thinking of buying a property. I had googled lenders in my area, but I was drawn to Tonya's website, possibly because she was a female.. Sometimes men can be intimidating. She was very nice and we had a good visit. She gave me the information I needed to know how much I could afford to purchase. So that got tabled!! When spring rolled around and I decided to go ahead and invest in a property, I knew I wanted Tonya to be my lender. She was pleasant, knowledgeable and dedicated! She presented me with different options for my loan , plus processed a HELOC for me. She worked really hard And we were able to close in two weeks!

Jyl E.

Verified Customer

July 21, 2026

5.0

Angie Lewis made the entire HELOC process smooth and stress-free from start to finish. She was knowledgeable, responsive, and always took the time to explain each step and answer our questions. Communication was excellent throughout the process, and we always felt like we were a priority. Her professionalism, attention to detail, and dedication made obtaining our HELOC much easier than we expected. We truly appreciate all of her hard work and would highly recommend Angie to anyone looking for a mortgage or home equity loan. Thank you for providing such outstanding service!

Jeffrey S.

Verified Customer

July 14, 2026

5.0

Farryl was excellent to work with. She was patient, responsive, and stayed involved through a complicated HELOC process. She kept me updated, helped solve every issue, and made sure the transaction was completed successfully. I truly appreciate her professionalism and dedication.

Tobi N.

Verified Customer

July 19, 2026

5.0

Farryl was responsive, patient, and worked hard through a complicated process. She kept me updated, found solutions when issues came up, and helped get the HELOC completed successfully.

Tobi M.

Verified Customer

July 18, 2026

5.0

Christine expedited approval for my HELOC and delivered my funds in record time. Thank you Christine!

Jeffrey L.

Verified Customer

June 27, 2026

4.83

Angie was knowledge and professional and answered all our questions. She made the Heloc process easy to navigate. Would recommend her to others.

Karen S.

Verified Customer

July 23, 2026

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What is a home equity loan?

A home equity loan lets you borrow against your home's value, using it as collateral. It converts your equity into a lump sum of cash, which you repay over a fixed term.

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Why access your home’s equity with Lower?

Lower offers competitive rates, flexible terms, and a simple, stress-free process to help you unlock your home’s value and make your home equity work harder for you.

Work with a Lower advisor
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What are today’s home equity loan rates?

Home equity loan rates change based on market conditions, but at Lower, we offer competitive rates to meet your needs. The best way to find your rate is to start the application process and get a personalized home equity loan quote.

Get a customized rate quote
Frequently Asked Questions

You’ve got home equity questions. We’ve got answers.

A home equity loan allows you to borrow against your home equity in one lump sum. Unlike a HELOC, which works as a revolving line of credit, a home equity loan gives you the full loan amount upfront and is typically repaid in fixed monthly installments over a set term.

One of the biggest benefits of a home equity loan is predictability. Home equity loans generally have fixed rates, which means your monthly payment stays consistent throughout the life of the loan. That can make budgeting easier, especially if you are using the funds for a one-time expense such as debt consolidation, a large renovation, or another major purchase.

What’s the Difference Between a Home Equity Loan and a HELOC?

A home equity loan provides a lump sum with fixed rates and set monthly payments over a fixed term. A HELOC (Home Equity Line of Credit) offers a revolving credit line, letting you borrow as needed with variable rates and flexible payments.‍

What’s the Difference Between a Home Equity Loan
and a Cash-Out Refinance?

A home equity loan is a second mortgage, allowing you to borrow against your home's equity while keeping your original mortgage. A cash-out refinance replaces your existing mortgage with a new one for a larger amount, giving you the difference in cash.

Is a Home Equity Loan the Same Thing as a Second Mortgage?

Yes, a home equity loan is a type of second mortgage. It allows you to borrow against your home’s equity while keeping your original mortgage in place. You receive a lump sum and repay it with fixed monthly payments.

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Home Equity Loan Resources

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