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Is it Hard to get a HELOC? - Minimum Requirements and How to Get ApprovedTo qualify for a HELOC, you'll need a FICO score of or higher. U.S. Bank also looks at factors including: The amount of equity you have in your home; Your. If you currently owe $, on your first mortgage, you may qualify to borrow an additional $90, in the form of a home equity loan or HELOC. The. Qualifying amount of equity in your home: You should have at least 15% � 20% equity in your home. Responsible payment history: Lenders may.