Quicken Loans

Quicken Loans is one of the most recognized names in mortgage lending and now operates under the Rocket Companies umbrella alongside Rocket Mortgage. But does brand recognition translate to competitive HELOC terms? Here is how Quicken Loans stacks up against other top HELOC lenders.

Quicken Loans HELOC at a Glance

Does Quicken Loans Offer HELOCs?

Yes. Quicken Loans offers home equity lines of credit alongside traditional home equity loans. A HELOC works like a credit card secured by your home — draw funds as needed during the draw period and pay interest only on what you use. Quicken Loans processes home equity products through the Rocket Companies platform, combining the trusted Quicken Loans brand with Rocket’s digital infrastructure.

Quicken Loans HELOC Rates

Quicken Loans HELOC rates are variable and tied to the prime rate. Advertised rates start at 5.25% APR, though your actual rate depends on credit score, LTV, loan amount, and state. As of early 2026, national HELOC rates generally average around 7.41% APR according to Bankrate’s latest survey. The lowest rates are reserved for borrowers with scores of 720 or higher and lower LTV ratios.

Worked example: on a $50,000 balance at 7.5% APR with interest-only payments during the draw period, expect roughly $313 per month. Once repayment begins over 20 years, that rises to approximately $403 per month.

Fees and Closing Costs

Eligibility Requirements

You will generally need a credit score of 580+, at least 20% equity in your home, and a DTI under 43%. Property must be a primary residence or secondary home including single-family houses, condos, and townhouses. Quicken Loans’ 580 minimum is more accessible than Rocket Mortgage’s 680 or Figure’s 640. For more on what HELOC lenders look for, see the CFPB’s guide to home equity lending.

How to Apply

The process is fully online: check your rate, complete the application with income and property documentation, go through appraisal and underwriting, then close electronically. Quicken Loans typically responds within 24 hours of application. After the federally required three-day rescission period, funds become available. Total timeline: approximately 30 to 45 days.

Quicken Loans vs. Other HELOC Lenders

Here is how Quicken Loans compares to Rocket Mortgage and Figure:

Quicken Loans wins on credit accessibility with the lowest minimum score. Figure wins on speed. Rocket Mortgage and Quicken Loans share similar timelines given their shared platform.

Customer Reviews and Reputation

Quicken Loans holds strong customer satisfaction marks, ranking first or second in J.D. Power’s mortgage customer satisfaction survey for 13 consecutive years. Positive reviews highlight the organized, transparent process and responsive teams. Complaints focus on closing cost transparency and occasional communication gaps during underwriting. Quicken Loans is BBB-accredited. You can review complaint history in the CFPB consumer complaint database.

Who Should (and Shouldn’t) Choose Quicken Loans

Quicken Loans is a good fit if you want a HELOC from a nationally recognized lender with a fully digital process and a lower credit score threshold (620+). Look elsewhere if you need fast funding (Figure closes in days), want the lowest possible rate (local credit unions often undercut national lenders), or prefer in-person support (Quicken Loans has no physical branches).