HELOCs are coming to the
Prosper platform in 2019
Sign up to learn more about Prosper
and find out when HELOCs launch in your area.
The money you need, whenever you need it.
A Home Equity Line of Credit (HELOC) is a low rate, revolving line of credit secured by your home that works much like a credit card, giving you flexibility and control over your financial future.
Apply in minutes, not days
• Complex, cumbersome, manual
• Takes 1-3 days to see your offer
• Wait 6-8 weeks to close your HELOC
STATUS QUO
• Simple, streamlined, digital
• Instant online offer
• Can get your HELOC in half the time
PROSPER'S HELOC
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IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Prosper Marketplace, Inc. NMLS #111473
Texas – SML Mortgage Company License #111473
Texas HELOCs: BBVA Compass cannot use a customer’s home equity funds to pay (in part or in full) BBVA Compass non-homestead debt at account opening. Minimum draw in Texas is $4,000. In order to use convenience checks to make draws, borrower must submit request for convenience checks to BBVA Compass. Credit cards and debit cards cannot be used to make draws in Texas.
