Quicken Loans (Rocket Mortgage) offers Home Equity Loans of $45K–$500K with fast online closing — no application fees, no annual fees, fixed rates.
PickYourBank Rating
9.4
Overall
9.7
Rate
9.6
Fees
9.0
App
9.1
Service
$500K
Max loan
Fixed
Rate
Days
Funding speed
NMLS
#3030
Quicken Loans (now operating as Rocket Mortgage) is the largest mortgage originator in the United States, with $300B+ in annual originations.
Their Home Equity Loan is a fixed-rate, lump-sum product designed for homeowners who want to tap equity without giving up their first-mortgage rate.
Founded
1985
HQ
Detroit, MI
Charter
Licensed lender
Reach
Nationwide
Tap home equity
Access cash without refinancing your primary mortgage
Fast funding
From application to funded in days, not months
No hidden fees
Transparent pricing — see every fee upfront
Flexible options
HELOC, HELoan or shared-equity — pick what fits
Here's what Quicken Loans offers and who each product is best for.
Lump-sum, fixed-rate cash from your equity.
Borrow $45K–$500K · Fixed rate · 10 or 20-yr term
Quick prequalification with a soft credit pull — no impact on your score.
Verify income, property and equity. Most apps take 10–15 minutes.
An automated or in-home appraisal confirms your property value.
E-sign closing docs and receive funds in days, not weeks.
Yes. Quicken Loans is a licensed lender (or licensed marketplace) operating in the United States, subject to federal and state lending regulations.
No. Prequalification uses a soft credit pull that does not affect your score. A hard pull only happens if you proceed with a full application.
Most borrowers see funds within 5–14 days of approval, depending on the product (HELOC, HELoan, or shared-equity agreement) and your state.
Anything — debt consolidation, home renovations, college tuition, or a major purchase. There are typically no restrictions on how you use the proceeds.
Most products have closing costs (origination, appraisal, recording). The exact fee schedule is disclosed upfront before you sign anything.
Quicken Loans / Rocket Mortgage scales home equity lending the way they scaled refis — fast, online, and at competitive rates.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
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