All HELOCs
Online bankfixed APR FDIC
Discover BankHELOC
Discover Home Equity Loan
Discover offers a fixed-rate home equity loan as an alternative to a variable HELOC — useful when you want one predictable payment.
9.25%
fixed APR
Draw period
0 years
Repayment period
30 years
Closing costs
$0
Annual fee
$0
Min credit score
680
Max CLTV
90%
Min loan
$35,000
Max loan
$300,000
Pros and cons
Pros
- Fixed-rate alternative to a variable HELOC
- No origination, application, or appraisal fees
- Up to 90% CLTV
Cons
- Lump-sum loan, not a revolving line
- Higher minimum loan amount