Owning Mortgage 2026 Home Equity Review

How Bankrate scored Owning Mortgage

Affordability: 1 star

Owning scores 1 out of 5 stars for affordability due to its origination fee and a higher-than-average APR.

• APR: Owning’s APR is significantly above the Bankrate average. 
• Fees: On its website, Owning claims its HELOCs have no upfront costs. However, the company does charge an origination fee, though it doesn’t disclose how much it costs. You may also be on the hook for fees like the cost of an appraisal, manual notarization fees and recording taxes, depending on your state and county.

Availability: 4.6 stars

Owning earns 4.6 out of 5 stars for availability thanks to its broad reach, relatively low minimum credit score and the flexibility of its fixed-rate HELOC. 

• Licensing: Owning is licensed to lend HELOCs in all U.S. states, though its additional draw feature is not available in Delaware, Kentucky, New York, Maryland and West Virginia. 
• Credit score: To qualify for Owning’s HELOC, you need a minimum credit score of 620, which is on the low side compared to other lenders.
• Loan minimum: Owning has a $25,000 loan minimum, which can be higher than some lenders’.
• Draw requirement: You have to withdraw 100 percent of the loan at origination, minus an origination fee. This may make Owning not ideal for some HELOC borrowers.
• Loan products: Owning’s only home equity product is its fixed-rate HELOC, which combines the ability to draw funds as needed with the stability of a fixed draw. However, each draw will have its own interest rate and may be higher than the rate for the initial draw. 

Borrower experience: 3.6 stars

Owning scores 3.6 out of 5 stars for borrower experience. While it provides multiple customer service channels and fast approval, it falls short on rate transparency and resources for home equity borrowers. 

• Rate transparency: Owning doesn’t publicly state its home equity loan or HELOC rates. To get your rate, you have to answer a series of questions, including your property address, property type and more.
• Customer service: You can reach out to Owning via chat, online form, email at direct.quote@owning.com, or phone at 833-346-1397. If you don’t have time to talk, you can schedule a callback. If you use Owning’s message feature, the company states that a mortgage specialist will respond to your question within an hour. When a Bankrate staffer sent a general inquiry to the company, they responded within five hours. 
• Convenience: Owning boasts of a fully online application and approval in as little as five days. While it has a mortgage calculator and numerous articles on its website for prospective homebuyers and those considering refinancing, it lacks resources for borrowers looking to tap into their home equity or understand fixed-rate HELOCs. 

Owning Mortgage reputation

As of this writing, Owning gets an A+ rating from the Better Business Bureau, but it isn’t accredited by the organization. The company has reported one consumer complaint in the last 3 years. Out of more than 10 reviews on Trustpilot, Owning gets 4.4 stars. Borrowers highlight a professional and easy-to-navigate process.