Mortgage Products

How to get a HELOC online

A home equity line of credit (HELOC) is a revolving credit line that you can use for large expenses, to consolidate your higher interest debt, or for home renovations. Typically, a HELOC comes with lower interest rates than some other common types of loans because it is secured by the collateral of your home’s value.

While Discover® does not offer HELOCs, similar products like home equity loans or cash-out refinancing can also be used to tap into the available equity of your home.

You can usually apply for a HELOC online and many lenders allow you to receive and repay the line of credit through online accounts. You may be required to have your home appraised in person and will also need a notary when closing your HELOC. 

1. Apply online for a HELOC

With most HELOC lenders offering online applications, it’s simple to get started. You’ll need your Social Security Number, salary and employment information, and estimated home value, including your outstanding mortgage balance.

Lenders will typically want to see that you have at least a minimum amount of equity in the property, meaning you’ve paid at least a certain percentage of your mortgage or the value of your home is a certain percentage above what you owe. They’ll also want to see a credit score above a minimum level, though this varies among lenders.

2. Receive decision and provide online HELOC documentation

Many online lenders offer same-day approval for your HELOC application, though some may take a few days to process your application. If your online application is approved and you accept the lender’s HELOC offer, you’ll need to verify the information you provided them. This can include submitting your:

  • Pay stubs
  • Tax returns
  • W-2s
  • Mortgage billing statement
  • Government issued ID

Many HELOC lenders will allow these documents (along with additional documents for you to review and sign) to be completed completely online.

The process for home equity loans or cash-out refinancing by Discover also features online submissions of documentations and signatures to process home equity loans and cash-out refinancing.

3. Home appraisal will occur at property

An appraisal lets the lender know the estimated value of your home so they can determine your equity—the difference between your home’s value and how much you owe on it.

Some HELOC lenders may require an in-home appraisal, where someone comes into your home to determine its value. Other lenders may simply drive by your home to confirm it exists and appears to be roughly the value you reported. They may also consider the stability of your neighborhood, the property’s condition, any public records, and other factors that contribute to the value of your home.

4. HELOC closing must be notarized

During the closing period, you’ll have to have a notary, either at their office or at your home where they can witness you signing your HELOC documents. In some states, you might be able to use a remote notary. Some states’ laws require you to have an attorney present as well. 

Home equity lending: Online tools & applications

While the process of applying for, processing, appraising, and notarizing your HELOC may have elements of online options, you can always perform your home equity research online.


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Start your application online or give us a call.

  • Weekdays 8am–Midnight ET
  • Weekends 10am–6pm ET