Using a HELOC to Fund a Career Change, Certification, or Sabbatical

Last updated: July 2025

In today’s economy, more people are rethinking what work means to them. Whether you’re shifting into a new industry, earning a new certification, or simply taking a well-earned break to reflect, a Home Equity Line of Credit (HELOC) can offer flexible, fast-access funding.

A HELOC is especially helpful for:

• Career pivots: Changing industries, starting a small business, or pursuing passion-based work
• Certifications or upskilling: Enrolling in bootcamps, getting IT or project management certifications, or going back to school part-time
• Sabbaticals: Taking time off to travel, care for loved ones, write, or recharge

Unlike traditional student loans or personal loans, a HELOC provides a revolving credit line backed by your home equity. It offers a level of freedom and financial control that suits the unpredictable nature of career reinvention.

Start an application with HomeEQ. Discover what your options are to finance a career change. 

How does a HELOC compare to other career financing options?

When funding a professional reset, you might weigh several borrowing methods. Here’s how a HELOC stacks up:

For homeowners with equity, a HELOC can be a balanced choice, offering liquidity without draining retirement accounts or incurring high-interest debt.

Related Reading: What Is a Home Equity Line of Credit?

Why use home equity to invest in your future?

Your home is likely your largest asset. And as equity builds, it becomes a resource you can use to fund life changes with purpose and intention.

Using a HELOC allows you to:

• Fund growth without dipping into savings: Preserve retirement or investment accounts
• Access a line of credit as needed: Only borrow what you need, when you need it
• Stay in control of repayment: Choose interest-only payments during the draw period

Illustrative scenario: Carlos, 42, had spent 15 years in tech sales. He was ready to become a teacher. He used a HELOC to complete a year-long certification program while supporting his family. Because he didn’t need the entire amount upfront, he drew funds incrementally and managed repayment around his internship schedule.

Home equity becomes a bridge between today’s responsibilities and tomorrow’s possibilities.

How much will a HELOC fund? HELOC Loan Calculator.

What should you consider before borrowing for a sabbatical or certification?

While a HELOC can provide freedom, it’s still a loan secured by your home. Make sure it fits into your long-term plan. Here are a few things to weigh:

• Cash flow during time off: Can you manage minimum payments while not earning?
• Job market readiness: Are your new skills or credentials aligned with current demand?
• Risk tolerance: If you’re using the HELOC for a business venture, do you have a backup plan?
• Exit strategy: Have a timeline to return to work or begin repayment in earnest.

HomeEQ’s self-service model makes the process easy, but financial readiness is still essential. It’s wise to speak with a financial advisor before borrowing large sums against your home.

How does the HomeEQ HELOC process work?

HomeEQ offers a fully online HELOC experience, designed for speed, convenience, and security.

The steps of the HELOC process

1. Check your rate: Start with a short online form using a soft credit pull
2. Complete your application: Provide income, property, and ID information
3. Upload documents: Everything is done digitally, no branch visits required
4. Receive approval in minutes: Many applicants are approved within 5–10 minutes
5. Get funded in days: Approved borrowers can access cash in as little as 5–7 business days

This digital-first experience lets professionals act quickly when career opportunities or decisions arise.

How to Apply for a HELOC Online.

Who is a good fit for using a HELOC for career-related goals?

If any of the following describes you, a HELOC might be a smart tool to fund your next move:

• You’ve built significant equity in your home (typically 15% or more)
• Your credit score is solid (640+ for most applicants)
• You want to finance a sabbatical, certification, or startup
• You prefer flexible access to funds, rather than lump-sum loans

Illustrative scenario

Dana, 36, took a three-month sabbatical from consulting to complete a UX design bootcamp. With her HELOC, she covered tuition and rent during the transition. A month after graduating, she landed a remote product design job with a salary increase.

HomeEQ is designed for professionals who want to explore new paths without giving up financial control.

FAQs about using a HELOC for career change or time off

Can I use a HELOC to pay for a bootcamp or short-term course?

Yes. You can use funds for any personal use, including professional development, certifications, or online programs.

Is interest on a HELOC tax-deductible if used for education?

Not typically. Interest is generally only deductible when used for home improvement. Speak with a tax advisor for specifics.

Will taking time off affect my ability to qualify for a HELOC?

Possibly. If you’re not working at the time of application, lenders may not be able to verify income. It’s often better to apply before taking leave.

How soon can I access funds?

With HomeEQ, qualified borrowers can get funds within a week. The pre-approval decision takes as little as 10 minutes.

What if I don’t end up using the full line of credit?

That’s the benefit of a HELOC. You only pay interest on what you draw.

Career changes can go faster by funding with a HELOC

Changing careers, upskilling, or stepping back shouldn’t mean sacrificing financial stability. Your home equity is a powerful tool for funding a new chapter in life, on your terms.

Explore your options and discover how HomeEQ can help you fund your future, simply and securely. Check your HELOC rate in minutes.