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Better Home & Finance Holding Company has achieved 166% year-over-year growth in its Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) products, helping customers pay off over $193 million in debt. This milestone solidifies Better’s position as the fastest-growing AI-native home equity lender in the U.S.
Better.com’s HELOC grows 166% YOY, reaching $80M/month in Q2 2025.
Helped customers pay off $193M in debt, with 50% consolidating high-interest debt.
One Day HELOC™ offers approvals in 24 hours, funds in as little as 5 days.
Tinman® AI platform drives efficiency and identifies consolidation opportunities.
Borrowers save $1,120/month on average, with credit score gains of 37 points.
Addresses $18.39T U.S. household debt with low 8% HELOC rates.
Better’s Home Equity Line of Credit (HELOC) has surged to $80M in average monthly originations in Q2 2025, up 38% from Q1, building on a $60M/month run rate announced in February. Nearly 50% of customers used HELOC funds to consolidate high-interest debts, including revolving credit (32%), installment loans (27%), and credit lines (26%), paying off $194M in total. “Better’s AI-native home equity origination platform is putting cash back into the hands of homeowners, enabling over $1,000 per month in savings for the average family,” said Vishal Garg, CEO & Founder of Better.com.
Better’s proprietary Tinman® platform accelerates the lending process, identifying existing debts and calculating potential savings instantly within the borrower portal. The One Day HELOC™ delivers fully underwritten approvals in 24 hours, with funds available in as little as five days. This efficiency contrasts with traditional lenders, making Better a leader in digital home equity lending. “We are the only AI-native mortgage company in the U.S. with a full-scale tech stack in one place, all in one flow,” Garg added.
With U.S. household debt reaching $18.39T in Q2 2025, including a $27B increase in credit card debt, homeowners face mounting financial pressure. Credit card rates exceed 27% and personal loans surpass 17%, while Better’s HELOC offers rates averaging 8%. The average American household holds over $200,000 in home equity, with $34T nationwide, making HELOCs a cost-effective tool for debt consolidation. Better’s analysis shows borrowers consolidating debt via HELOCs improved credit scores by an average of 37 points, with gains up to 60 points for those in lower FICO bands.
Nearly half of Better’s HELOC customers consolidated debt, achieving an average monthly savings of $1,120 for those with positive cash flow. This capability not only reduces high-interest payments but also supports credit rebuilding, critical as student loan repayments resume and delinquencies rise. The platform’s ability to streamline debt consolidation positions Better as a vital resource for homeowners navigating financial challenges.
Better’s rapid growth, driven by its AI-native approach and innovative tools like One Day HELOC™ and Tinman®, reinforces its leadership in the home equity lending market, delivering measurable financial relief to customers nationwide.
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-Native mortgage lender and first fintech to fund more than $100 billion in home finance loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan assistant built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. In January 2023, Better launched “One Day Mortgage,” allowing eligible customers to go from click to Commitment Letter within 24 hours. Better serves customers in all 50 US states and the United Kingdom.
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