Approval in 5 minutes. Funding in as few as 5 days.3
Find my rate
100% online application
No need to go digging for paperwork. Just link your accounts and we'll take care of the rest.
Option to redraw up to 100%
Take advantage of the option to redraw up to 100%.
Online support and video notary
Quick response time and online notary in most circumstances.
What can I use a home equity line of credit for?
A HELOC can be used for many different purposes, such as:
Debt consolidation
Education
Solar panels
ADUs
What types of properties are eligible for a HELOC?
GoodLeap offers loans on*:
Single-family residences
Condos
Townhouses
The property may be the applicant's primary residence, secondary residence, or investment property.
*Certain types of properties may not be eligible.
A GoodLeap HELOC is secured with your home as collateral, whereas personal loans and credit cards are not.
To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing, or that require a waiting period prior to closing.
The GoodLeap Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.