Skip to content
Financeradar
Spring EQ logo

Spring EQ

HELOCs and a home equity loan from $50,000 to $500,000, up to 90% of your home's value, from a 640 credit score

Lender terms checked October 14, 2026
HELOC and Home Equity Lenders
See lender site

The Bottom Line

Max line
$500,000 (verified Oct 14, 2026). All rates and fees

Key facts

  • Max CLTV: 90%
  • Fees: Lender and annual fee, no amounts

Pros

  • Fixed-rate HELOC, variable-rate HELOC and a fixed home equity loan from one lender
  • Borrow up to 90% of your home's value, from a 640 FICO
  • No application fee and no prepayment penalties
  • Funds in as few as 11 days, based on its August to October 2025 data

Cons

  • A lender fee applies on every product and an annual fee on both HELOCs, but no amounts are published
  • The 11-day funding claim is based on data from August to October 2025
  • Draw period, repayment period, rate index and margin are not published
  • Not available for properties in New York

At a glance

Lender terms checked October 14, 2026
Product
Fixed-rate HELOC, variable-rate HELOC and a fixed-rate home equity loan
Lender type
Mortgage banker (non-bank lender)
Credit line
$50,000 to $500,000
Maximum combined loan-to-value
90%
Minimum credit score
640
Term details
Fixed-rate HELOC terms of 15, 20 or 30 years; home equity loan terms of 10 to 30 years. Draw and repayment lengths are not published. Its page words the 90% as 'up to 90% of your home's value'.
Rate type
Variable (variable-rate HELOC) or fixed (fixed-rate HELOC and home equity loan)
Fixed-rate option
The fixed-rate HELOC is its own product, with a fixed rate for the life of the loan
Origination fee
A lender fee applies; the amount is not published
Annual fee
Yes on both HELOCs (amount not published); none on the home equity loan
Early closure fee
No prepayment penalties
Other costs and rules
No application fee. Additional third-party fees may apply.
Funding time (lender's claim)
As few as 11 days from a complete application, based on data collected August 1 to October 15, 2025
States served
Not available for properties in New York; no other state list is published for HELOCs
Online application
Yes
NMLS ID
1464945

Sources: springeq.com, springeq.com/variable-rate-heloc, read October 14, 2026

Things to know before you apply

  • Spring EQ charges a lender fee on its HELOCs and home equity loan, and an annual fee on both HELOCs. The amounts are not published.
  • Third-party fees may apply, and no amounts are published.
  • Its funding speed claim ('as few as 11 days') is measured from a complete application to funding, using data from August 1 to October 15, 2025.
  • No loan applications can be made through its site for properties in New York.
  • SoFi says it may arrange home equity loans through Spring EQ, and is paid a fee when it does.

Regulatory record

We found no CFPB enforcement action about home equity lending by this lender on consumerfinance.gov. Searched the CFPB enforcement actions list on October 14, 2026 for Spring EQ. That is not a clean bill of health: other regulators, courts and state agencies also act on lenders.

Where these numbers come from

Everything in the table above was read from the lender's own pages, listed here with the day we read them.

NMLS ID 1464945, as the lender prints it on its own site. Confirm its licenses in your state on NMLS Consumer Access (that site blocks automated checks, so we have not confirmed the lookup ourselves).

What is Spring EQ?

Sources read on the date shown
Spring EQ is a home equity line of credit (HELOC) and home equity loan from Spring EQ, LLC. It is a non-bank lender. Product notes: Fixed-rate HELOC, variable-rate HELOC and a fixed-rate home equity loan. Limits and terms as the lender publishes them: Credit line: $50,000 to $500,000. Up to 90% combined loan-to-value. Minimum credit score: 640. Rate type: variable (variable-rate HELOC) or fixed (fixed-rate HELOC and home equity loan). Fees, as published: Origination: A lender fee applies; the amount is not published. Annual fee: Yes on both HELOCs (amount not published); none on the home equity loan. Early closure: No prepayment penalties. Spring EQ did not publish a current sample rate with stated assumptions on the pages we read, so we show none. HELOC rates are usually variable and your own rate depends on your credit, home value and the amount you borrow. Your home is the collateral for a HELOC, so falling behind on payments could put it at risk. We read these figures from the lender's own pages on October 14, 2026; the pages are listed under 'Where these numbers come from'.
Sourcespringeq.com ↗

Key details

Fixed-rate and variable-rate HELOCs and a home equity loan$50,000 to $500,000Up to 90% of your home's valueNo prepayment penaltiesNMLS ID 1464945

Explore more

Best HELOC and Home Equity Lenders

Spring EQ FAQ

How much can you borrow with Spring EQ?

Spring EQ publishes credit lines from $50,000 to $500,000. It lends up to 90% combined loan-to-value, which means your mortgage and the new line together can be at most that share of your home's value. The minimum credit score it states is 640. Your own limit depends on your home's value, what you owe and your credit.

Is the Spring EQ rate fixed or variable?

Rate type: Variable (variable-rate HELOC) or fixed (fixed-rate HELOC and home equity loan). A variable rate can change over the life of the line.

What fees does Spring EQ charge?

Origination: A lender fee applies; the amount is not published. Annual fee: Yes on both HELOCs (amount not published); none on the home equity loan. Early closure: No prepayment penalties.

How fast can you get funds from Spring EQ?

The lender's own claim: As few as 11 days from a complete application, based on data collected August 1 to October 15, 2025. Your timeline depends on your home, documents and state, and a 3-business-day cancellation period usually applies on a primary residence.

Will Spring EQ quote my rate here?

No. Financeradar is not a lender and we do not quote personal rates. We show what the lender publishes, with the date we checked it. Your own rate comes from an official offer from the lender.

Source: springeq.com