Aven
4.9 Bankrate ScoreLearn more about Aven
Discover: 2026 Home Equity Review
Bankrate score
4.0
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Customer score
1.5
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
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SCORE BREAKDOWN
Affordability
5.0
We assess affordability to help you choose a lender that offers the lowest interest rates. Score composition includes loan APR (annual percentage rate); introductory APR (if applicable); and fees.
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Availability
4.2
We assess availability to help you choose a well-situated lender with varied products. Score composition includes footprint; loan types, minimums and draw requirements; and credit score criteria.
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Borrower experience
2.9
We assess borrower experience to help you choose a lender that is transparent, prompt and communicative. Score composition includes ability to see and lock in rates; customer service; and convenience.
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EDITOR'S TAKE
Discover no longer accepts applications for home equity loans. The score you see on this review, and any product details below, are from when Discover offered these loans.
PROS
- • No origination, processing or appraisal fees
- • Borrowers can borrow against up to 90 percent of their equity
- • Offers fixed 10-, 15-, 20- and 30-year repayment terms
CONS
- • Only offers fixed-rate home equity loans – no HELOCs
- • $35,000 loan minimum might be too high for some borrowers
- • Credit score minimum rises with larger, six-figure loans
Find competitive home equity rates near you
Discover overview
Discover stops offering home equity loans
As of July 2025, Discover ended its home equity loan business and stopped accepting new applications. You can compare current loan offers and rates from other lenders through Bankrate.
In May 2025, Capital One finalized its purchase of Discover. A couple of months later, the companies announced that Discover would no longer accept applications for home equity loans or mortgage refinances.
Discover’s reputation
Discover Bank has an A+ rating from the Better Business Bureau. For the second year in a row, the company ranked second in J.D. Power’s 2024 U.S. Consumer Lending Satisfaction Study, which measures customer satisfaction with consumer loan companies.
What consumers said about Discover
On Bankrate, customers said that applying for a Discover loan was “as easy as it could be,” their rates were competitive and the customer reps were top-notch. However, some customers expressed frustration at the lack of an assigned loan officer: “Be prepared to speak to a different person just about every time you call in.”
Compare Discover with other lenders
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Selected lender
Discover
NMLS: 453156
Bankrate score
4.0
Bankrate scores are objectively determined by our editorial team. Interest rates, fees, loan terms, borrower requirements and customer service are some of the factors that make up Bankrate's score.
Customer score
1.5
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
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Bankrate score
Bankrate scores are objectively determined by our editorial team. Interest rates, fees, loan terms, borrower requirements and customer service are some of the factors that make up Bankrate's score.
Customer score
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
|
Bankrate score
Bankrate scores are objectively determined by our editorial team. Interest rates, fees, loan terms, borrower requirements and customer service are some of the factors that make up Bankrate's score.
Customer score
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
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Loan amount |
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$35,000-$500,000 |
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Min. credit score required |
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680 (700 or higher for $150,000 or more) |
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Repayment terms |
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10 years to 30 years |
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Funds available in |
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Undisclosed |
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Recent customer review |
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Discover Home Loan Experience DO NOT Do Business with this company!! I recently decided not to proceed with a Discover Home Loan application due to both communication issues and a lack of professionalism experi... F L. |
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Discover Home Loans customer ratings and reviews
NMLS: 453156
1.5
22 ratings
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Knowledge
Level of service
Professionalism
Responsiveness
14% of customers would recommend this lender.
of
7 reviews
The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.
Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Knowledge
Level of service
Professionalism
Responsiveness
Simple application process?
Closed loan with this lender?
Received funds when promised?
Would you recommend this lender?
Knowledge
Level of service
Professionalism
Responsiveness
Simple application process?
Closed loan with this lender?
Received funds when promised?
Would you recommend this lender?
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