loanDepot Expands Access to Fast, Fully Digital Home Equity Line of Credit (HELOC) with Broader Eligibility
Business Wire•29/10/2026•12:44 ET
1
Key Highlights
- ➤HELOC eligibility expands to borrowers with credit scores of 600 and above
- ➤loanDepot HELOC now available to qualified homeowners across 47 states
- ➤Credit lines range from $25,000 to $750,000, with fixed and adjustable-rate options
- ➤Qualified borrowers can receive approval in five minutes and funding within five days
Expert Statements
Nikul Patel, Chief Growth Officer of loanDepot
“Accessing home equity shouldn’t require weeks of paperwork, multiple appointments and a lengthy underwriting process.”
Nikul Patel, Chief Growth Officer of loanDepot
“We’ve expanded eligibility for our HELOC while making the experience faster and simpler for more homeowners. From application through funding, our fully digital process is designed to help qualified borrowers access their equity with less friction, greater convenience and more certainty.”
Romina Zamanpour, Director of Production Operations at loanDepot
“Many homeowners are surprised by how simple the process can be.”
Romina Zamanpour, Director of Production Operations at loanDepot
“Technology now allows qualified borrowers to move through much of the application and verification process digitally, often without some of the steps traditionally associated with a home loan. The result is a faster, less stressful and less cumbersome borrowing experience.”
loanDepot Expands Access to Fast, Fully Digital Home Equity Line of Credit (HELOC) with Broader Eligibility
Now available to homeowners across 47 states, loanDepot’s HELOC delivers ease of use and fast cash without the stress of a traditional home loan
Get started
Create a free account to read the full story.