Mable Loans

Paid-off home

Own it outright? Unlock it.

Get cash from a home with no mortgage, without taking on a new one. Check your number in 60 seconds.

  • 100% free & no obligation
  • Soft pull. Won't hurt your score
  • Results in under 60 seconds

Can you get a HELOC on a paid-off house?

Yes. With no mortgage, the HELOC becomes the first loan on your home. You get cash without taking on a full new mortgage.

You only borrow what you need, from $5,000 up, at a fixed rate you pick.

Why use a HELOC on a home you own outright

Up to $1,000,000

Borrow up to 85% of value, and up to $1M with 760+ credit.

Faster on smaller lines

No title report needed on lines up to $100,000.

Fixed rate

Lock it for 10, 15, 20 or 30 years.

Only borrow what you need

Start at $5,000.

Line size
Up to $1M
Line size
Of your home's value
Up to 85%
Of your home's value
No mortgage needed
First lien
No mortgage needed
Out of pocket at closing
$0
Out of pocket at closing

How much can you borrow on a paid-off home?

Up to 85% of your home's value with a 700+ credit score, and up to $1,000,000 at 80% with 760+. At least $30,000 of equity stays in the home.

Example: a $450,000 home with no mortgage could reach about $380,000 at 85% with strong credit.

How it works

  1. 1

    Check your number

    A few questions. No credit pull.

  2. 2

    Pick your amount

    Slide to the cash you want and see your payment.

  3. 3

    Apply online

    Sign online and get your money.

See my potential savings

Who qualifies

  • Credit score of 620 or higher
  • Home in your name or a revocable family trust
  • Owned for more than 90 days
  • No bankruptcy in the last 4 years
  • Single-family home, townhome, condo or planned community

Paid-off home HELOC questions

Can I get a HELOC with no mortgage?

Yes. It becomes the first loan on the home.

How much can I borrow?

Up to 85% of value with 700+ credit, and up to $1,000,000 at 80% with 760+.

Will checking hurt my credit?

No. Seeing your numbers takes no credit pull. A soft pull comes only when you apply.

What does it cost to close?

Nothing out of pocket. A one-time fee of 1.9% to 4.9% comes out of the line, title and signing are covered, and recording costs go into a 12-month 0% plan. No annual fee.

Where is it available?

46 states and DC. Not yet in California, Hawaii, Massachusetts, Nevada or New York.

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