Can You Still Get a Discover Home Equity Loan?

Discover used to be a major player in the home equity loans market, but they have stopped offering these products to new customers. They have also ceased accepting applications for mortgage refinance loans, effectively exiting the home lending business altogether.

If you currently have a Discover home equity loan or mortgage refinance, you might be wondering what this means for you. And if you were planning to apply for one, what are your options now?

Discover’s decision to exit the home lending market was prompted by Capital One’s acquisition of the company in May 2025. Due to economic conditions and changing consumer preferences, Capital One chose to discontinue Discover’s home equity loan and mortgage refinance services in order to focus on other aspects of their business.

Existing Discover home loan customers can still access their accounts and make payments as usual, as they have been transitioned to Capital One’s servicing.

Whether you are an existing Discover home loan customer or were considering applying for one, the following details will outline the implications of these changes and any actions you may need to take.

Existing Discover home equity loan borrowers are now customers of Capital One, who now manage and oversee the loan accounts. There have been some changes in servicing, including a new loan servicing portal and updated communication methods.

• Discover no longer services home loans as of Feb. 2, 2026. Borrowers should have received communication from the new servicer regarding any changes.

• Borrowers now manage accounts and payments through the new website URL: yourmortgageonline.com. Registration with the 10-digit account number is required.

Despite these changes, existing customers should not experience alterations to their loan terms, payments, or customer support channels. Any significant changes will be communicated by email or letter.

Unfortunately, Discover is no longer accepting applications for home equity loans. There are no current plans to reopen applications, as Capital One exited the residential mortgage business in 2018.

While Discover’s home equity loan was highly rated, there are other lenders that offer similar features and options. Exploring alternative lenders can help you find a suitable option for your needs.

If you were considering a Discover home equity loan, check out our list of top-rated home equity loan lenders for alternative options with comparable features.

HELOCs offer a flexible way to access funds compared to traditional home equity loans. Consider exploring this option for your borrowing needs.