Spring EQ HELOC at a glance
- Line amounts
- $50,000 to $500,000
- Rate
- Not published
- Credit score
- 640
- Max CLTV
- 90%
- Term
- Fixed: 15, 20 or 30 yrsVariable: interest-only draw option
- Fees
- No application fee; lender and annual fees
- Prepayment penalty
- None
- Funding
- As few as 11 days
From springeq.com, checked October 30, 2026. “Not published” means the lender's own pages that we read do not state it.
Spring EQ HELOC pros and cons
Pros
- Borrow up to 90% of your home's value
- A published 640 minimum score
- Fixed-rate HELOC with 15, 20 or 30-year terms
- Interest-only option on the variable HELOC during the draw
- No application fee and no prepayment penalty
Cons
- No published rates
- Lender and annual fees apply; amounts not published
- A $50,000 minimum line
- Property types and a state list are not published
Spring EQ HELOC rates
Spring EQ does not publish HELOC rates on its fixed-rate or variable-rate HELOC pages. For what borrowers actually paid on HELOCs, see HELOC rates.
How Spring EQ's HELOC works
Spring EQ sells two HELOCs. The fixed-rate HELOC comes with 15, 20 or 30-year terms. The variable-rate HELOC has an option to pay interest only during the draw period. It does not publish draw period lengths.
Spring EQ says you can receive funds in as few as 11 days, measured from a complete application to funding, based on its data from August 1 to October 15, 2025.
Spring EQ HELOC requirements
- Credit score: 640 (“Qualify With As Low As a 640 FICO”).
- Combined loan-to-value: up to 90% of your home's value.
- Line amount: $50,000 to $500,000.
- Property types: not published.
Worked example (our arithmetic): at 90%, a $350,000 home with a $230,000 mortgage leaves up to $85,000 of borrowing room, which clears the $50,000 minimum.
Spring EQ HELOC fees and closing costs
There is no application fee. Spring EQ's HELOCs “come with a lender and an annual fee,” but the amounts are not published, and additional third-party fees may apply. There is no prepayment penalty. Ask for the fee amounts in writing before you compare offers.
Where Spring EQ's HELOC is available
Spring EQ does not publish a full state list on the pages we read, and it does not take applications from every state through its site. Check your state when you request a quote. Spring EQ also offers a home equity loan, which we did not compare for this edition.
How Spring EQ compares
The same published facts for Spring EQ and three lenders worth comparing it with, all checked October 30, 2026.
| Lender | Key figure | Min. credit | Line amounts | Review |
|---|---|---|---|---|
 | Lines up to$500,000 | 640 | $50,000 to $500,000 | This review |
 | Lines up to$500,000 | 600 typical | Up to $500,000 | Read review of AmeriSave Mortgage |
 | Lowest APR shown7.30% | 640 | $15,000 to $400,000 | Read review of Figure |
 | Lines up to$750,000 | Not published | $25,000 to $750,000 | Read review of loanDepot |
- AmeriSave: Also up to 90% CLTV, with a 600 typical minimum score and lines up to $500,000.
- Figure: A 640 minimum, a published lowest rate and funding in as few as 5 days.
- loanDepot: A fixed-rate HELOC with lines up to $750,000 and no fees beyond the origination fee.
Spring EQ HELOC FAQ
What credit score do you need for a Spring EQ HELOC?
640, per its fixed-rate and variable-rate HELOC pages.
How much can you borrow with a Spring EQ HELOC?
$50,000 to $500,000, up to 90% of your home's value across your mortgage and the line.
Does Spring EQ offer a fixed-rate HELOC?
Yes. Its fixed-rate HELOC comes with 15, 20 or 30-year terms. It also offers a variable-rate HELOC with an interest-only option during the draw.
What fees does Spring EQ charge on a HELOC?
No application fee and no prepayment penalty, but a lender fee and an annual fee apply. Spring EQ does not publish the amounts, and third-party fees may apply.
Is Spring EQ a legitimate lender?
Spring EQ, LLC is a licensed lender with NMLS ID 1464945, shown in its site footer. You can check any lender's licenses on NMLS Consumer Access (nmlsconsumeraccess.org).
Sources
- Spring EQ fixed-rate HELOC page (640 score, 90%, line amounts, terms, fees, funding time, NMLS), seen October 30, 2026.
- Spring EQ variable-rate HELOC page (variable HELOC terms, interest-only option, fees), seen October 30, 2026.
Last reviewed October 30, 2026. Rates and terms are what Spring EQ published on its own site, not offers from LenderMatch. LenderMatch is not a lender and does not make loans or credit decisions.
Keep reading
- HELOC requirements and eligibility: credit score, equity, DTI and the documents you need8 min read
- What is a HELOC? How it works, and what happens after year 108 min read
- HELOC vs home equity loan: fixed lump sum or variable line? The $50,000 math8 min read
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