Put Your Home Equity to Work
Whether you need a lump sum or a flexible credit line, Chestnut offers cash-out refinances, home equity loans, and HELOCs — all with rates ~0.5% lower and a dedicated loan expert guiding you through.
How does Chestnut work?
Instant access. Zero hold time.
See your personalized rates, apply, and track your loan — all online. No phone calls required.
AI that saves you money
Chestnut's AI handles the manual work that drives up costs at traditional lenders. Lower processing costs mean lower rates for you.
Talk to an (actual) human any time
Every borrower gets a dedicated loan expert available by text, email, or phone — not a call center.
Which equity option fits your goals?
There are three primary ways to access your home's equity. Each works differently depending on your financial goals:
Cash-Out Refinance
You replace your existing mortgage with a new, larger one and receive the difference in cash.
Best for:
- ✓Lowering your rate while taking cash
- ✓Long-term financing
- ✓Large lump sums
Home Equity Loan
A second loan with fixed payments and a fixed interest rate.
Best for:
- ✓Predictable monthly payments
- ✓One-time expenses
- ✓Renovation projects
HELOC
A revolving credit line you can draw from as needed.
Best for:
- ✓Ongoing projects
- ✓Flexible access to funds
- ✓Paying interest only on what you use
Do you qualify?
Most borrowers meet the requirements below. Your loan expert will review your full picture and walk you through any questions.
Minimum Requirements
- ✓ Credit score: 620 or higher (varies by loan type)
- ✓ Stable, verifiable income
- ✓ Acceptable debt-to-income ratio
- ✓ At least 15-20% equity remaining after borrowing
What Affects Your Rate
- ✓ Credit score
- ✓ Combined loan-to-value ratio
- ✓ Property value and occupancy type
- ✓ Location (ZIP code)
Higher credit scores and stronger financial profiles may qualify for more competitive rates.
Home Equity FAQ
Home Equity Guides
HELOC vs. Home Equity Loan
Compare rates, payment structures, and use cases to find the right fit.
How Does a HELOC Work?
Rates, requirements, and what to expect from draw to repayment.
Cash-Out Refinance Calculator
How much equity can you access?
The Math Behind Refinancing
Rate reductions, shorter terms, and how to calculate your savings.
Ready to find
your best rate?
- 1 Answer a few quick questions
- 2 See all your loan options
- 3 Apply if you like what you see
No phone calls. No credit check. Takes 2 minutes.