Home equity loans and home improvement loans can both help you reach your end goal. But they have very different rates, terms, and funding timelines. One is secured, while the other is unsecured.

It offers home equity loans, HELOCs and interest-only HELOCs. Home equity loans are available with loan amounts of $2,000 and up, while HELOCs are available with line amounts of $8,000 and up.

6 best home improvement loans of July 2025 Americans spend an average of $22,000 on one home improvement project, according to Rocket Mortgage. Updated Tue, Jul 1 2025.