Possess about 15% guarantee in your home Standards so you can borrow domestic guarantee The prerequisites so you’re able to be eligible for often property collateral mortgage otherwise HELOC is actually equivalent. Although for each financial features its own certificates, the second number brings general criteria to obtain already been. So you’re able to be considered, you should have: Guarantee home with a minimum of fifteen% to 20% That loan-to-worthy of ratio regarding 80% Credit history should be at least…