Looking for a Rocket Mortgage HELOC? There isn’t one. Rocket Mortgage, the lender you might still know as Quicken Loans, offers a fixed-rate home equity loan instead. That’s one lump sum, it starts at $45,000, and you need a credit score of at least 680.
So if you want an actual line of credit, go somewhere else. Check your rate at Figure first, since it uses a soft credit pull and could fund in as few as 5 days. Then get a second quote from Upstart Home Lending, which offers a HELOC for credit scores starting at 600.
- Lines from $15,000 to $750,000 ($35,000 minimum in Texas)
- APRs from 7.35% to 14.85% as of October 2026
- Soft credit pull to check your rate. The full application is a hard pull
- Funding in as few as 5 days
- Origination fee of up to 4.99%, and the full amount is drawn at closing
Rocket Mortgage HELOC alternatives: Rocket vs. Figure vs. Upstart Home Lending
Here’s the short version. One of these three isn’t a HELOC at all, and that’s the one with the Rocket name on it.
| What to compare | Rocket Mortgage home equity loan | Figure HELOC | Upstart Home Lending HELOC |
|---|---|---|---|
| Product | Home equity loan. Rocket doesn’t offer a HELOC | HELOC | HELOC |
| How you get the money | One lump sum at a fixed rate | The full amount is drawn at closing | You must draw at least 80% of the line at closing |
| Amount | $45,000 to $500,000 ($10,000 minimum in Michigan) | $15,000 to $750,000 ($35,000 minimum in Texas) | $26,000 to $250,000 |
| Minimum credit score | 680 | Varies by state | Available for credit scores starting at 600 |
| APR | Not published | 7.35% to 14.85% as of October 2026 | 6.52% to 18.00% APR1 |
| Terms | Terms vary. Reviewers report 10 to 20 years | See the Figure HELOC review | 10 and 15 year terms |
| Upfront cost | Closing costs, paid by you | Origination fee of up to 4.99% | See the Upstart Home Lending HELOC review |
| Checking your rate | Rocket doesn’t post sample rates | Soft credit pull. The full application is a hard pull | Easy, online application |
Figure numbers as published by Figure in October 2026. Upstart Home Lending APR: see the disclosure at the end of this page. Rocket Mortgage figures as reported by NerdWallet and Bankrate from Rocket’s own pages.
Does Rocket Mortgage offer a HELOC?
No. Rocket’s home equity product is a home equity loan, which it launched in 2022. Its Q2 2026 earnings release talks about that home equity loan and doesn’t mention a HELOC.
You’ll find a few sites out there describing a “Rocket HELOC” anyway. None of the ones we read pointed to anything from Rocket itself, so don’t plan around it.
What happened to Quicken Loans?
Same company, new name. Quicken Loans announced it was becoming Rocket Mortgage in May 2021, and the switch was done by July 2021. So if you’re searching for a Quicken Loans HELOC, the lender you’d apply with today is Rocket Mortgage, and what it sells for home equity is the loan.
What Rocket offers instead
Here’s what Rocket’s home equity loan looks like, based on Rocket’s own pages as quoted by NerdWallet and Bankrate. Rocket’s site blocks automated reads, so we couldn’t check every number against it directly.
| Rocket Mortgage home equity loan | What’s reported |
|---|---|
| Rate type | Fixed rate, paid out as one lump sum |
| Loan amount | $45,000 to $500,000. The minimum is $10,000 in Michigan |
| Minimum credit score | 680 |
| How much you can borrow | The limit rises with your credit score. The highest reported is about 90% of your home’s value, counting your mortgage |
| Rates | Not published. NerdWallet notes Rocket doesn’t post sample home equity loan rates |
| Closing costs | Paid by you. Bankrate says 3% to 6% of the loan is typical for home equity loans |
| Appraisal | May be required |
| Terms | Terms vary. Reviewers report 10 to 20 years |
Nothing wrong with a fixed-rate loan if you need a big chunk of cash at once and want the payment locked. The problem is everything you don’t see until you’re halfway through the application.
The catches with Rocket’s home equity loan
What to know before you apply
- $45,000 minimum. Need $15,000 for a kitchen or $20,000 for a roof? You can’t borrow just that.
- 680 credit floor. Under 680 and Rocket isn’t an option.
- No published rates. You won’t see a number until you apply.
- Closing costs are on you. At 3% to 6%, that’s $1,350 to $2,700 on the $45,000 minimum.
- No line of credit. You get the whole amount at once and pay interest on all of it.
Where it could still fit
- You need $45,000 or more now. A big project with one bill, paid up front.
- You want a fixed payment. The rate doesn’t move.
- Your score is 680 or higher. And you’d like to compare a lender you already know.
The no-rates part should bug any shopper. Figure and Upstart Home Lending both publish an APR range, so you know the ballpark before you hand over anything.
What a $20,000 roof looks like at each lender
Say your roof quote comes in at $20,000 and you want to pay for it with your equity. Here’s how that plays out.
Rocket can’t do $20,000. The minimum is $45,000, so you’d be borrowing $45,000 to get $20,000, and paying interest on $25,000 you don’t need. Rocket doesn’t publish rates, so pick a round 8% just to see the math: the extra $25,000 costs roughly $2,000 in interest in the first year alone. Closing costs grow with the loan too. At Bankrate’s 3% to 6%, they run $1,350 to $2,700 on $45,000, against $600 to $1,200 on $20,000.
| $20,000 roof | Can you borrow about $20,000? | What it means for you |
|---|---|---|
| Rocket Mortgage | No. The minimum is $45,000 | Interest on an extra $25,000 you don’t need, plus closing costs on the full $45,000 |
| Figure | Yes. Lines start at $15,000 | You draw the full $20,000 at closing, which is fine because the roofer gets it all. The origination fee tops out at 4.99%, or $998 on $20,000 |
| Upstart Home Lending | Close. Lines run $26,000 to $250,000 | You must draw at least 80% at closing, which is $20,800 on the smallest line. A better fit if the quote creeps up or you’ve got a second project |
The 8% rate is an illustration only, not a quote from any lender.
Bottom line: for a project under $45,000, Rocket is out before you even get to the rate.
See what Figure could offer on the amount you actually need. Checking your rate is a soft credit pull.
HELOC vs. home equity loan: which one do you actually want?
At a glance: A home equity loan pays you one lump sum at a fixed rate. A HELOC is a line of credit against your home that you borrow from, usually at a variable rate. Both use your home as collateral.
The classic bank HELOC lets you take a little now and a little later, and you only pay interest on what you’ve used. That’s the reason most people search for one.
The online HELOCs have their own twist, though. Figure draws the full amount at closing, and Upstart Home Lending requires at least 80% up front. So in the first months they behave a lot like a loan. What you get over Rocket is a lower minimum, a published APR range and a faster online process, not a line you leave sitting unused.
If you really do want to borrow in small pieces over a few years, ask your own bank or credit union what its HELOC draw rules are. Then price it against these two.
More: HEI vs HELOC: costs, requirements and how to choose
Figure is the HELOC to check first
Figure is the one to start with if speed matters. You can check your rate with a soft credit pull, which won’t touch your score, and the full application is a hard pull. Funding can come in as few as 5 days.
Lines run from $15,000 to $750,000 ($35,000 minimum in Texas), and APRs ran from 7.35% to 14.85% as of October 2026. Figure’s minimum credit score varies by state.
Two things to watch. The full amount is drawn at closing, so size the line to what you’ll spend. And the origination fee can reach 4.99%. Figure isn’t available in Hawaii or New York.
More: Figure HELOC review: rates, fees, requirements and complaints
Find your rate at Figure before you compare it with anyone else.
Upstart Home Lending for a second quote
Upstart Home Lending is the quote to get next, especially if your score is below Rocket’s 680 floor. Its HELOC is available for credit scores starting at 600, with an easy, online application.
A HELOC from Upstart Home Lending runs $26,000 to $250,000 with 10 and 15 year terms, at 6.52% to 18.00% APR1. The lowest APR is available only to borrowers who meet specific eligibility conditions.
Know this first: you must draw at least 80% of your Upstart Home Lending line at closing. Don’t open a bigger line than you’ll use soon.
More: Upstart Home Lending HELOC review: APR, fees and requirements
See if you could qualify for a HELOC from Upstart Home Lending.
Who should pick which
Rocket Mortgage could make sense if you need $45,000 or more in one shot, your score is 680 or higher, and you want a fixed rate. Get its quote, then line it up against the other two.
Figure fits when you know the amount, need it soon, and want to see a rate before a hard pull.
Upstart Home Lending fits when your score is in the 600s, or you want a second HELOC quote to keep the first one honest.
None of the three? If a monthly payment won’t fit right now, a home equity agreement trades the payment for a share of your home’s future value. It isn’t cheap, so read home equity options by credit score or browse all home equity guides first.
Rocket Mortgage HELOC: the bottom line
Rocket Mortgage doesn’t have a HELOC, and Quicken Loans is just Rocket’s old name. What it does have is a fixed home equity loan that starts at $45,000, needs a 680 score and doesn’t publish rates.
That’s fine for a big, one-time bill. For anything smaller, or if you want to see a number before you apply, price Figure first and Upstart Home Lending second.
Figure could make sense if you need less than Rocket’s $45,000 minimum, want to check a rate with a soft pull first, and can handle a monthly payment.
Rocket Mortgage HELOC FAQ
No. Rocket Mortgage offers a fixed-rate home equity loan, not a HELOC. For a HELOC, check Figure with a soft credit pull, then get a second quote from Upstart Home Lending.
Quicken Loans became Rocket Mortgage in 2021. The change was announced in May 2021 and done by July 2021. If you’re looking for a Quicken Loans HELOC today, you’d be applying with Rocket Mortgage, and its home equity product is a home equity loan, not a HELOC.
Rocket’s minimum credit score for a home equity loan is 680, and how much you can borrow rises with your score. If you’re below 680, Upstart Home Lending offers a HELOC for credit scores starting at 600.
$45,000, or $10,000 in Michigan. The maximum is $500,000. If you need less, Figure offers lines from $15,000 to $750,000 ($35,000 minimum in Texas).
No. Rocket doesn’t post sample home equity loan rates, so you only see a rate after you apply. Figure’s APRs ran from 7.35% to 14.85% as of October 2026, and you can check your own rate with a soft credit pull.
Start with Figure if you want speed: a soft credit pull to check your rate and funding in as few as 5 days. Get a second quote from Upstart Home Lending if your score is in the 600s. Its HELOC runs $26,000 to $250,000 with 10 and 15 year terms.
Upstart Home Lending disclosures
Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873. Equal Housing Opportunity.
1 Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of June 2026. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required.
Take the next step.
Two HELOCs to price before you settle for a $45,000 loan.
$26,000 to $250,000 with 10 and 15 year terms. Available for credit scores starting at 600.
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 offers a fixed home equity loan from $45,000, not a HELOC. See the catches and what to get instead.){kind=link}