Spring EQ HELOC Review
High-LTV HELOC allowing up to 90% combined loan-to-value. Independent Spring EQ HELOC review: 4/5 for heloc. Best for Homeowners with less than 20% equity.
By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.
Our verdict
Homeowners with less than 20% equity are who Spring EQ serves: it lends up to 90% combined loan-to-value, with a fixed-rate draw option. You pay for that reach with a lender fee and an annual fee, and Spring EQ does not publish its rates, so get a quote in writing. Borrow only what the quoted rate justifies.
Skip it if you have 20% or more equity, since low-LTV lenders charge lower rates.
About Spring EQ HELOC
High-LTV HELOC allowing up to 90% combined loan-to-value. Spring EQ HELOC is offered by Spring EQ. Our editorial rating is 4 out of 5.
Best for: Homeowners with less than 20% equity.
Editorial grade: B+ (composite score 80/100).
Highlights
- Up to 90% CLTV, so you can access more equity
- Fixed-rate draw option available
- Funds in as few as 11 days
What we like
- Lends up to 90% of home value
- 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. Rates and fees last checked on September 29, 2026.
How we reviewed it
This is a desk review: we have not opened an account with Spring EQ. It is built from Spring EQ's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the HELOC shortlist. The 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 for how we review products.