Spring EQ HELOC Review
High-LTV HELOC allowing up to 90% combined loan-to-value. Independent Spring EQ HELOC review: 3.4/5 for heloc. Best for Homeowners with less than 20% equity.
About Spring EQ HELOC
High-LTV HELOC allowing up to 90% combined loan-to-value. Spring EQ HELOC is offered by Spring EQ and currently holds an average rating of 3.4 out of 5 across 1,890 user reviews. It falls into the HELOC category and tends to be the strongest fit for homeowners with less than 20% equity.
Editorial grade: B+ (composite score 80/100).
Highlights
- Up to 90% CLTV — access more equity
- Fixed-rate draw option available
- Funds in as few as 11 days
What we like
- Highest CLTV in market (95%)
- Choice of fixed or variable rate draws
- Good for borrowers with less equity
Where it falls short
- Higher rates than low-LTV competitors
- Longer funding timeline than Figure
Fees, minimums, and rates
Monthly fee: Lender fee + annual fee. Minimum to open: $50,000. Current APY: 8.49%. Rates and promotional offers change often, so we re-verify every listed number on a rolling schedule and stamp the review with the date of the most recent check.
How we reviewed it
For this review of Spring EQ HELOC, our editors funded an account, walked through the full onboarding flow, and compared the experience to the other products in the HELOC shortlist. Scores are not influenced by affiliate relationships — partners cannot pay for better rankings, and our rubric is the same for every brand.
Similar products to compare
- Rocket Mortgage Home Equity Loan review
- AmeriSave Home Equity review
- Figure HELOC review
- Bethpage FCU HELOC review
Read our full editorial methodology and advertiser disclosure for more on how we fund our testing and why that matters for the reviews you read here.