Helping homeowners make smart money moves
With a digital home equity loan from Hitch, you can level up your financial health and peace of mind by leveraging your single greatest asset:
Your home.
THE AVERAGE HOMEOWNER HAS
$217,000
of home equity that they can use to cheaply consolidate debt, fund home improvement projects, and use for any expenses
Customer Service is our top priority!
Rating
4.9
Hitch Digital HELOC
Home equity that keeps up with your dreams.
Easy
application process
Painless online process - see your available equity and rates in minutes
Fast
access to funds
Streamlined process that's much faster than most banks
Digital
Verification
Hitch uses state of the art digital verifications to help speed up the application
Low
borrowing costs
Lower rates than credit cards and personal loans
Flexible
funding options
Access up to 95% of your home's equity
Human-to-human
support
A dedicated loan officer to see you through it all
Technology with a human touch
The Hitch Difference
Driven by technology, we've built the best lending experience possible so you can build the best future possible.
Hitch Home Equity Loan | Cash Out Refinance | |
|---|---|---|
| Fast Access to Cash |  |  |
| Painless online application process | | |
| Loans from $25,000 - $500,000 | | |
| Est. time to get pre-qualified | 3 minutes | days |
| Keep low 1st mortgage interest rate & loan terms | | |
| Max loan amount | 95% of your home equity | 80% of your home equity |
| Ability to redraw cash when needed | | |
| Number of headaches caused | none | countless |
FAQ
What is a HELOC?
A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards. With a HELOC you’re borrowing against the available equity in your home and the house is used as collateral for the line of credit. As you repay your outstanding balance, the amount of available credit is replenished – much like a credit card.
What is a variable rate?
How can I use my HELOC?
How is my equity calculated?
How is my home's value determined?
How is the maximum combined loan to value calculated?
Recognized by Fintech Leaders
Hitch, Inc. NMLS #2383367 #2383367
2158 NW Toussaint Drive. Bend, Oregon 97703
1. Qualified applicants may borrow up to 95% of their home’s value. This does not apply to investment properties.
2. HELOCs have a 10-year draw period. During the draw period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) the total of all accrued finance charges and other charges for the monthly billing cycle. During the draw period, the monthly minimum payments may not reduce the outstanding principal balance. During the repayment period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) 1/240th of the outstanding balance at the end of the draw period, plus all accrued finance charges and other fees, charges, and costs.The lender will calculate this amount by taking the outstanding Account Balance on the last day of the draw period and dividing it by 240 months and then adding any finance charge that accrues but remains unpaid during the monthly billing cycle plus any other fees, charges and costs to the fixed principal payment that is due. During the repayment period, the monthly minimum payments may not, to the extent permitted by law, fully repay the principal balance outstanding on the HELOC. At the end of the repayment period, the borrower must pay any remaining outstanding balance in one full payment.
3. The time it takes to get cash is measured from the time the Lending Partner receives all documents requested from the applicant and assumes the applicant’s stated income, property and title information provided in the loan application matches the requested documents and any supporting information. Most borrowers get their cash on average in 21 days. The time period calculation to get cash is based on the first 4 months of 2024 loan funding's, assumes the funds are wired, excludes weekends, and excludes the government-mandated disclosure waiting period. The amount of time it takes to get cash will vary depending on the applicant’s respective financial circumstances and the Lending Partner’s current volume of applications. Closing costs can vary from 3.0 - 5.0%. An appraisal may be required to be completed on the property in some instances.
4. Not all borrowers will meet the requirements necessary to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility. This offer is subject to verification of borrower qualifications, property evaluations, income verification and credit approval. This is not a commitment to lend.
5. The content provided is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply.