The smart, flexible HELOC.
Takes 2 minutes • No credit impact5
- HELOCs up to $250k with variable rates as low as 5.99% APR1
- Lock in fixed rates as low as 6.74% APR1,12
- Apply in as fast as 4 minutes, funding in as few as 4 days2
- $0 draw fees, instant access with the Trovy Card
Trusted and loved by our customers.
"Fast and easy. Fastest application I have completed for a loan."
"The application process was totally online, and I got the money in just 2 days."
"Easy process! It was quick and closed the HELOC the same day via electronic closing."
Your HELOC you can use everywhere.
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Mortgage rates, on a card
Swap a high-APR card for your low HELOC rate and save 50%+ on interest9
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Get cash out when you need it
No minimum upfront cash out required for lines up to $100K.11
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Cashback rewards
Earn up to 2% cashback rewards, plus cardholder perks.10
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No draw fees
There are no draw fees on Trovy Card purchases.
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Competitive variable and fixed rates
Choose from fixed and variable rates when you take cash out.1
Simple to apply, easy to use.
Takes 2 minutes • No credit impact5
- 1
Check your rate in 2 minutes with no credit impact
- 2
Apply 100% online, and close with a remote notary8
- 3
Access your funds in as few as 4 days2
The HELOC for everything.
What makes Trovy different?
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Fixed and variable rates
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Spend with the Trovy Card, pay no draw fees
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Fast, easy, 100% online application
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Take cash out when you need it
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No prepayment penalty. No annual fee.
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5-year draw period, renewable up to 20 years.13
How Trovy compares
Low interest rates
Quick process
Credit card access
No required draw11
Bottom line
Frequently asked questions
See allWhat makes the Trovy HELOC special?
Trovy is the HELOC built for how you actually want to borrow, with an easy online application, flexible rates and flexible draws.
There is no minimum upfront draw on lines up to $100,000, so you only pay interest on what you use.
With the Trovy HELOC, you can choose between fixed or variable rate draws.
Trovy gives you a Trovy HELOC credit card to access your line anytime, just like a credit card, wherever Mastercard is accepted. You'll pay no draw fees when you access your HELOC using the card, and you'll earn cashback rewards.
What is the Trovy HELOC Card?
With your Trovy HELOC, you will receive a Trovy Card that you can use to access your line of credit. You can use it for purchases or cash advances anywhere Mastercard is accepted, giving you flexible access to your home equity funds when you need them. There are no draw fees when you use your Trovy card for purchases.
What are the qualification requirements for the Trovy HELOC?
To qualify for the Trovy HELOC, you must meet certain eligibility requirements related to your home equity (max CLTV of 85%), credit score (minimum of 640 credit score), debt-to-income ratio (45%), and property. Trovy uses a streamlined process to assess your qualifications and provide instant decisions. Meeting these minimums doesn't guarantee approval, as we evaluate each application holistically based on your complete financial profile. Check how much you qualify for here.
How does Trovy determine the credit line size and interest rate?
Trovy's underwriting system is fully automated, and calculates offers based on an applicant's income, home equity, credit, and debt obligations.
How do I take cash out with the Trovy HELOC?
You can use your Trovy HELOC to request an ACH transfer to your bank account, and you can use your Trovy Card to take cash out at an ATM. We do not offer checks to access your HELOC funds. This gives you quick access to your home equity when you need it most. Each cash advance will be subject to a fee of up to 3.99% of the amount drawn, up to a 5% life of loan cap.
Does Trovy require an upfront draw?
Trovy does not require any upfront draw when you open your HELOC if your loan size is $100,000 or less. If you need more than $100,000, you can take an upfront draw in the form of a cash advance or balance transfer at closing. You can draw funds whenever you need them.
Ready to unlock your home equity?
Takes 2 minutes to check your rate • No credit impact5