Home equity loan requirements

Requirements vary by lender, but most look for the same core things.

Enough equity

You usually need to keep 15–20% equity after borrowing — i.e. a combined LTV at or below 80–85%.

Credit score

Many lenders want a score around 620+, with the best rates going to 700+.

Debt-to-income (DTI)

A DTI below about 43% is typical; lower is better.

Verifiable income and equity

Expect to document income and get an appraisal or valuation. Check your standing with the LTV calculator and how much you could borrow on the home equity calculator.

Estimate your equity →