The World's Best HELOC*
*according to the co-founder's mom. But what's not to love? Card access, cash-back, and a 100% online process.
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6.24 - 14.39% Var. APR1 - Credit lines up to $250,000
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Apply in 4 minutes and fund in 4 days2
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Convert into a fixed-rate installment loan with duration of your
choosing
- Improve your monthly cash flow
Why homeowners love the Trovy HELOC
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Card-based access
Use your equity like a credit card, anywhere you need it
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No upfront draw11
Open your line and use it only when you're ready
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Low interest rates
A fraction of credit card or personal loan rates
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Minimal fees
No application, appraisal, or annual fees
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Revolving credit
Draw, repay, and redraw as many times as you need
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Rate flexibility
Choose variable or fixed rates based on your strategy
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Fast & digital
Apply in minutes, close in days, not months
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White-glove service
Real people who understand HELOCs when you need help
Quick & easy to apply
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Check your rate in 2 minutes with no credit impact
Check your offer in under 2 minutes with no credit impact by providing basic information about you and your property.5
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Apply 100% online and close with a remote notary
Accept your offer and sign your closing documents online – even the notary step is virtual and on-demand.8
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Access your funds in as few as 4 days2
Transfer your high-rate balance, send cash to your bank account, and start spending with your Trovy HELOC credit card.
Frequently asked questions
See allWhat makes the Trovy HELOC special?
Trovy is the HELOC built for how you actually want to borrow, with an easy online application, flexible rates and flexible draws.
There is no minimum upfront draw on lines up to $100,000, so you only pay interest on what you use.
With the Trovy HELOC, you can choose between fixed or variable rate draws.
Trovy gives you a Trovy HELOC credit card to access your line anytime, just like a credit card, wherever Mastercard is accepted. You'll pay no draw fees when you access your HELOC using the card, and you'll earn cashback rewards.
What is the Trovy HELOC credit card?
With your Trovy HELOC, you will receive a Trovy HELOC credit card that you can use to access your line of credit. You can use it for purchases or cash advances anywhere Mastercard is accepted, giving you flexible access to your home equity funds when you need them. There are no draw fees when you use your Trovy HELOC credit card for purchases.
What are the qualification requirements for the Trovy HELOC?
To qualify for the Trovy HELOC, you must meet certain eligibility requirements related to your home equity (max CLTV of 85%), credit score (minimum of 640 credit score), debt-to-income ratio (45%), and property. Trovy uses a streamlined process to assess your qualifications and provide instant decisions. Meeting these minimums doesn't guarantee approval, as we evaluate each application holistically based on your complete financial profile. Check how much you qualify for here.
How does Trovy determine the credit line size and interest rate?
Trovy's underwriting system is fully automated, and calculates offers based on an applicant's income, home equity, credit, and debt obligations.
How do I take cash out with the Trovy HELOC?
You can use your Trovy HELOC to request an ACH transfer to your bank account, and you can use your Trovy HELOC credit card to take cash out at an ATM. We do not offer checks to access your HELOC funds. This gives you quick access to your home equity when you need it most. Each cash advance will be subject to a fee of up to 3.99% of the amount drawn, up to a 5% life of loan cap.
Does Trovy require an upfront draw?
Trovy does not require any upfront draw when you open your HELOC if your loan size is $100,000 or less. If you need more than $100,000, you can take an upfront draw in the form of a cash advance or balance transfer at closing. You can draw funds whenever you need them.
What our customers are saying
Ready to unlock your home equity?
Takes 2 minutes to check your rate • No credit impact5