Questions? There's no commitment required to get a quote and start talking.

Our home equity loan is a fixed rate loan, which means you'll know exactly what you'll pay every month.

RATES & TERMS

Interest rates
Fixed interest rate 5.49% - 11.99% APR
Loan amount
$35,000-$150,000
Application fee
$0
Origination fee
$0
Home Valuation fee
$0
Terms
10, 12, 15, 20 years
Payments
Fixed monthly payments
Cash required at closing
$0

GOOD FOR Home Equity Loan

Home improvements
Yes, good for home equity loan
Debt consolidation
Yes, good for home equity loan
Mortgage refinancing
Yes, good for home equity loan
Education
Yes, good for home equity loan
Weddings
Yes, good for home equity loan
Other one-time major expenses or life events
Yes, good for home equity loan
Ongoing access to major funds
No, not good for home equity loan

Question answer section

Question

What do I need to be eligible for a Discover Home Equity Loan?

Answer
Chatting with a Personal Banker is the best way to see if you're eligible, but here are a few things we look for, amongst others:
  • Credit score of at least 620 or higher depending on your circumstances
  • History of responsible credit use
  • Verifiable employment and income
  • Sufficient equity in your home
  • Owner occupied
  • US citizen or permanent resident
Request a no-obligation quote

Start the conversation with your Personal Banker.

Call us at18553613435

Monday to Friday 8am–10pm ET