Home Equity Loan Rates for August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current national home equity line of credit (HELOC) rates include First Bank Ketchikan, AKFirst Bank Ketchikan, AKA+5.0 ★Texas Ratio: 2.24% offering First Advantage Home Equity Line of Credit at 4.00%, Blue Ridge Bank and Trust Co.Blue Ridge Bank and Trust Co.A+5.0 ★Texas Ratio: 2.89% offering Home Equity Line of Credit at 4.00%, Corner Post Federal Credit UnionCorner Post Federal Credit UnionA+5.0 ★Texas Ratio: 0.75% offering Home Equity at 4.00%, Fremont Federal Credit UnionFremont Federal Credit UnionA+5.0 ★Texas Ratio: 3.46% offering Home Equity Loan at 4.00%, and Torrance Community Federal Credit UnionTorrance Community Federal Credit UnionA+5.0 ★Texas Ratio: 1.48% offering Interest Only HELOC at 4.00%. Home equity and HELOC rates as of August 29, 2026 according to verified data from MonitorBankRates. Use the tabs below to compare home equity loans and HELOCs side by side. Rates are continually updated — we recommend checking back frequently.
Rates reflect actual verified offers from lenders accepting applications across the United States. Your final approved rate will depend on your credit profile, the equity in your home, your combined loan-to-value ratio, and daily market movements. Last Updated and Verified: August 29, 2026
Best Home Equity & HELOC Rates Today
Home Equity Loan Rates
No additional details available.
APR is variable and based on the Wall Street Journal Prime Rate plus a margin determined by creditworthiness. APR may change quarterly and may increase after account opening. The minimum APR is 4.00% and the maximum APR is 18.00%. Minimum line of credit amount is $5,000. During the 5-year draw period, payments are calculated based on a 15-year amortization. After the draw period ends, payments may increase. Additional terms and conditions may apply. Contact us for full details.
HELOC rates are variable and based on the current index margin; rate floor is 4.00%APR and will not exceed 25%APR. Rates may change at any time. Must meet FCU's normal underwriting qualifications to be approve. Loan rates and approval subject to credit score and analysis. For HELOC no fees charged up front. All fees are due at closing and range from $810 to $3,111. Items that can affect the amount of your costs are the dollar amount of the mortgage and number of people on the loan. All fees are disclosed at time of application and can be more than this disclosed range if there is more than two borrowers on the loan or other extenuating circumstances. As part of the closing procedures Frankenmuth Credit Union will acquire a security interest in the property. Draws are allowed for 20 years or as long as the account remains open and member is in good standing. Payment is calculated on 1% of the balance or $25, whichever is greater.
The rates and prices quoted above are not guaranteed and are subject to change without notice. CU SoCal offers a variety of real estate loan programs. CU SoCal mortgages are available for CA and AZ properties only. Payment examples do not include the cost of property taxes and insurance, so the actual obligation will be greater. For more information, please call a CU SoCal home loan specialist at 800.698.7196.
As Low As
Rates as low as 4.25% Annual Percentage Rate. Tap into your home's equity.
Annual Percentage Rate varies depending on individual credit history, term length and percentage of purchase price. Variable rates may change. The rate displayed is the lowest rate and not all applicants qualify for the lowest rate. Lifetime maximum adjustment of 4.00%. Maximum interest rate is 18.00%. For loan amounts up to $250,000, closing costs that members must pay typically range between $150 and $1,200. Closing costs depend on the location of the property, property type and amount of the Equity Loan. See description page for details. A sample Home Equity loan payment based on $10,000 at 4.25% (variable) APR for 5 years is $184.17.
As Low As
As Low As; 80.01% - 85% Loan to Value
As Low As; 80.01% - 85% Loan to Value
No additional details available.
No additional details available.
As Low As; The APR is current as of 8/1/2026. qualification is based on an assessment of individual creditworthiness and our underwriting standards. For the home equity fixed rate loan, the rate will not increase at any time while the plan is open. The Everyday Equity rate is variable, subject to change monthly. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Call us at 800.562.6049 for current rates, terms and conditions.
As Low As; 1st/2nd Lien Position
1st Lien Home Equity APR as low as*
No additional details available.
Annual Percentage Rate (First Position). Rates are accurate as of January 3, 2023. Rates are subject to change at any time. Rates offered are subject to credit term; contact a Deepwater employee for further information.
No additional details available.
As Low As
No additional details available.
As Low As; Financing APR*
No additional details available.
No additional details available.
No additional details available.
$50,000 Maximum
No additional details available.
No additional details available.
As Low As; Rates effective as of 04/23/2026
No additional details available.
Amounts from $30,000.00 - $500,000 starting as low as
For loan amounts between $10,000.00 and $24,999.00 member pays closing cost. For loan amounts between $25,000.00 and $400,000.00 credit union pays closing cost. However, if the loan is satisfied within TWO years of acquisition, the member shall be charged a Pre-Payment Penalty totaling the amount of the closing cost. Rates are subject to change at any time without notice.
As Low As; Up to 70% Loan to Value
As Low As; Up to 70% Loan to Value
?60% LTV
Intro rate expires: 6 billing cycles
Intro rate expires: 6 billing cycles
Intro rate expires: 6 billing cycles
As low as; *
Loans $10,000 to $350,000
2nd Lien Home Equity APR as low as*
No additional details available.
As Low As; The APR is current as of 8/1/2026. qualification is based on an assessment of individual creditworthiness and our underwriting standards. For the home equity fixed rate loan, the rate will not increase at any time while the plan is open. The Everyday Equity rate is variable, subject to change monthly. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Call us at 800.562.6049 for current rates, terms and conditions.
Annual Percentage Rate. APR based on $100,000 loan amount. credit score of 730, and estimated cost of $1,500 in closing fees. Rates may change at any time. Must meet SFCU's normal underwriting qualifications to be approved. Contact SFCU for details. No loan application fees apply. Equal Opportunity Lender. For application. as part of the closing procedures Sunrise Family Credit Union will acquire a security interest in the property. Payment is calculated on 1.5% of the balance or $20, which ever is greater. HELOC rates are variable and based on the index rate.
Rates As Low As; *** View our Home Equity Loan Options >
First Lien Position
No additional details available.
No additional details available.
All Rates above reflect a 0.50% discount for Automatic Payment established; Rates are subject to change without notice; Rates are listed as effective 01/01/2026; As Low As
Must be a primary residence and first lien only. This offer is valid for refinance only. Existing First New York real estate loans are eligible with $10,000 of new money. Loan-to-value (LTV) must be 50% or less to receive the listed APR. Actual rates may vary and rates are subject to change without notice. Other rates and terms are available. $50,000 minimum. Flood and /or property hazard insurance may be required. Upon title search results, title insurance may be required and is paid by the borrower. Closing costs including the New York State Mortgage Tax paid by First New York on behalf of the borrower. No closing costs offer is valid during the promotional period only. Reimbursement of fees will be added to the payoff amount of the loan if the home equity line of credit is paid and closed within three years of closing. Closing costs are estimated at $600-$4,000.
As Low As; Fixed Rate with Closing Costs
As Low As; Introductory rate for twelve months
As Low As; Up to 80% LTV
No set-up fees are charged to the member at funding. Set-up costs paid by the Credit Union range from $350-$800, depending on the transaction, and will be reimbursed by the member if the loan is paid off and closed within 3 years of opening. A loan origination fee of 1% of the loan amount (or credit limit if a HELOC) will also be charged in addition to the closing costs if the loan is paid off and closed within the first 12 months. Please refer to the Fees page for more information about fees associated with this product. Flood/hazard certificate and property insurance required. Consult your tax advisor regarding the tax deductibility of interest.
No additional details available.
As Low As
3 year balloon
up to $50,000
As Low As
As Low As*; 80% LTV, Score 730+
730 + FICO
HELOC Rates
Annual Percentage Rate (APR) is variable and determined by adding a margin (base margin 3.50%) to the index which is based on the Federal Home Loan Bank of Des Moines 5 Year Advance Rate as published at www.fhlbdm.com and is subject to change. The index is 4.48% as of August 3, 2026. APR is based on a consumer purpose transaction and properties with a maximum Loan to Value (LTV) of 80%. The First Advantage Home Equity Line of Credit features a 5 year draw period followed by a 15 year repayment period. APR does not include cost other than interest. An annual fee of $75 applies and is charged on your anniversary date each year. The First Advantage Line of credit has a maximum line limit of $100,000. A 1% discount to the APR is given if the customer signs up for automatic payments from a First Bank deposit account at the time of loan origination. Early cancelation of automatic debit will result in an increase of the APR by 1%. The advertised APR includes the 1% discount which requires automatic payment from a First Bank deposit account.
Annual Percentage Rate (APR) is variable and determined by adding a margin (base margin 0.00%) to the index which is based on the Prime rate as published in the Wall Street Journal Money Rates Table and subject to change. The index is 6.75% as of December 11, 2025. APR is based on a consumer purpose transactions and properties with a maximum Loan to Value (LTV) of 80%. The First Equity Home Equity Line of Credit features a 7 year draw period with regular minimum payments of 2% of the outstanding balance. A balloon payment in the amount of the outstanding balance of the line of credit may result at the end of the draw period if only minimum payments are made during the draw period. APR does not include cost other than interest. An annual fee of $75 applies and is charged on your anniversary date each year. The First Equity Line of credit has a maximum line limit of $250,000. A 1% discount to the APR is given if the customer signs up for automatic payments from a First Bank deposit account at the time of loan origination. Early cancelation of automatic debit will result in an increase of the APR by 1%. The advertised APR includes the 1% discount which requires automatic payment from a First Bank deposit account.
Variable rate: PRIME - 1/2% during your "First Payment Stream" and PRIME + 1/4% during your "Second Payment Stream" (Prime currently 6.75%; Floor Rate is 4.00%). The APR may change monthly, but will not exceed 24.00% APR (Ceiling Rate). Property insurance required. During the "First Payment Stream" (120 months), minimum monthly payments will be based on 1% of the outstanding balance. During the "Second Payment Stream" (120 months), the regular payment will be based on amortization of your balance at the start of this payment period, or $100, whichever is greater. A Conversion Option is offered to convert the APR from a variable rate with annual percentage rate limits to a fixed rate. The fixed rate will be determined as published by Blue Ridge Bank and Trust Co. at the time of conversion.
Intro rate for 12 months**
Intro rate for 12 months***
The Annual Percentage Rate (APR) is a variable rate. Your qualifying rate may adjust monthly and is based on the Prime Rate as reported in The Wall Street Journal plus a margin of -1.00% to 2.50% based on creditworthiness and lien position. APR quoted is based on a variable rate made up of a discounted margin plus the variable Prime Rate, assumes excellent borrower credit history, and is only applicable if the Home Equity Line of Credit is in the first lien position on your primary residence. Not all applicants will qualify for the lowest rate. Minimum loan amount is $10,000. Rate, terms, and conditions are subject to change without notice. Our HELOC is an interest only HELOC. During the draw period, payments are calculated based on interest of amount borrowed only. After the draw period ends, payments are calculated based on total amount borrowed. For a limited time, enjoy no closing costs. Offer limited to standard closing costs only; unusual closing costs such as specific title insurance costs, additional deed preparation and/or any other unique fees/circumstances may not be included. Offer is available for a limited time and is subject to end without notice.
Introductory rate for the first 6 months
As Low As; Rates effective as of: August 25, 2026
variable
Open-End: Rate starts at the WSJ Prime lending rate and adjusts semi-annually on January 1 and July 1. No MARGIN. Minimum rate 4.00% APR; Maximum rate 15.00% APR. NO CHARGE
Owner-occupied: We lend up to 90% of the appraised home value, less the first mortgage balance. Minimum payments are interest only for the first 10 years followed by 15 years of fully amortized payments. The home equity line of credit variable rate is 0.00% - 3.00% APR plus the prime rate. Actual costs apply for loans over $250,000. Initial costs generally range between $500 and $2,500 for lines over $250,000. An annual fee of $50 will be charged only if the account is inactive for one year.
As Low As; Thereafter APR 6.25%
Variable rate may increase after closing, as it is determined by WSJ Prime + a margin with a minimum APR (Annual Percentage Rate) of 4.25% and a maximum APR of 18.00%. Example rates are based on a primary residence and borrower credit score of 720 and a Combined Loan to Value of 70%. Assumes the borrower has a first lien mortgage and the home equity line is a second lien on subject property. Max 80% LTV. An annual fee of $100 will apply after the first year and is waived with an established autopayment.
Interest only for first 10 years
as low as
Lien Position: 1st; Ceiling: 18%
As Low As; The APR is current as of 8/1/2026. qualification is based on an assessment of individual creditworthiness and our underwriting standards. For the home equity fixed rate loan, the rate will not increase at any time while the plan is open. The Everyday Equity rate is variable, subject to change monthly. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Call us at 800.562.6049 for current rates, terms and conditions.
Intro rate expires: 13 months; Variable rate. Special Introductory Rate as low as 4.49% for 81-90% LTV for the first 13 months then as low as prime plus 1.00% APR thereafter. All rates are based on the Prime Rate published in the Wall Street Journal. The APR will not exceed the ceiling, or highest APR of 18.00%, as of 07/31/2026 Prime Rate is 6.75%. A minimum advance of $10,000.00 is required at time of closing. Rates are based on a 25 year repayment term. This is a limited time offer and only applies to new First New York loans. All loans are subject to credit approval. Actual rate may vary.
Special Introductory Rate as low as 4.49% for 81-90% LTV for the first 13 months then as low as prime plus 1.00% APR thereafter. A minimum advance of $10,000.00 is required at time of closing. Rates are based on a 25 year repayment term. This is a limited time offer and only applies to new First New York loans. All loans are subject to credit approval. Actual rate may vary.
Intro rate for 12 months; As low as
Introductory rate of 4.49% for 12 months for LTVs up to 90%, 4.99% for 12 months for LTVs 91-100%. After promotion period, standard rate of Prime + Margin will apply. Variable APR equal to the Prime Rate as published in "The Wall Street Journal" plus a margin specific to your loan. Prime Rate (currently 6.75%) with a minimum APR of 6.25% and a maximum APR of 18.00%. Rates current as of March 15, 2026, and are subject to change based on market conditions and borrower eligibility. Minimum advance of $10,000 at settlement required for introductory rate. Subject to credit approval. Your APR may be higher based on the prevailing variable-rate index value, your credit qualifications, the amount of your credit line, combined loan-to-value, and/or property type. Minimum credit line is $10,000. Maximum credit line is $250,000 based on LTV. SkyPoint pays closing costs (excluding taxes) in exchange for a $10,000 draw at settlement. Closing costs range $200-$1,500. If the credit line is closed within three years of open date borrower is responsible to reimburse credit union for closing costs paid by the credit union. Homeowner's insurance is required. Flood insurance may be required. Offer does not apply to existing SkyPoint credit lines. See a credit union representative for complete details.
As low as
Intro rate expires: 12 months; Regular APR: Variable rate based on WSJ Prime plus margin with 3.00% floor after 12 month period
12 Month Introductory Rate APR* then Prime*
Introductory Annual Percentage Rate (APR) for the first 36 months. After the Introductory Period, the rate will adjust to the standard annual-adjustable interest rate. Current non-introductory fully indexed variable APR is 6.50% for 80% LTV; rate applicable 04/01/2026 through 03/31/2027. Initial advance must be $10,000 or more for introductory rate.
As Low As; variable rate loan that may adjust monthly. Rates are as low as 4.50% APR as a floor and a maximum APR of 18.00%. Closing costs range from $130 to $1,500. A late fee of 5% of the payment may be charged for a payment more than 15 days late.
Floor Wall Street Prime Rate
Introductory rate of 4.50% APR. After one year, rate will revert to the regular variable rate (maximum 18.00% APR). The regular variable rate is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR. As of 12/11/2025, the Prime Rate was 6.75% , therefore the regular variable rate would be 7.75% APR. Rates adjust quarterly if there is a change in the Prime Rate. No Closing Costs For a limited time, SCU will pay all normal closing costs on new Home Equity Lines of Credit. On refinances of existing State Credit Union Home Equity Lines of Credit, the credit limit would need to be increased by at least $10,000 to avoid closing costs. Flood/property/hazard insurance may be required.
Introductory rate of 4.50% APR. After one year, rate will revert to the regular variable rate (maximum 18.00% APR). The regular variable rate is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR. As of 12/11/2025, the Prime Rate was 6.75% , therefore the regular variable rate would be 7.75% APR. Rates adjust quarterly if there is a change in the Prime Rate. No Closing Costs For a limited time, SCU will pay all normal closing costs on new Home Equity Lines of Credit. On refinances of existing State Credit Union Home Equity Lines of Credit, the credit limit would need to be increased by at least $10,000 to avoid closing costs.
Rates as low as
Annual Fee: $25
Annual Fee: $25
Fixed for 12 Months
Current Rate Special
As Low As; Adjustable Rate
Introductory APR for the first 6 months. Variable rate after that. Maximum rate change of 1.00% per monthly cycle. Minimum outstanding balance of $10,000 must be maintained for the first 18 months to avoid closing costs. Closing costs may range from $115-$1150. Homeowners insurance required. For qualified borrowers, certain restrictions apply.
As Low As; The APR is current as of 8/1/2026. qualification is based on an assessment of individual creditworthiness and our underwriting standards. For the home equity fixed rate loan, the rate will not increase at any time while the plan is open. The Everyday Equity rate is variable, subject to change monthly. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Call us at 800.562.6049 for current rates, terms and conditions.
Lock in your rate, borrow when you need it!
As Low As
80% LTV
As Low As; Variable rates adjust semi-annually
Variable Rate Plan: Initial rate is discounted for the first 36 months, thereafter prime rate plus 0% for the life of the loan. Annual interest rate review, 2% annual adjustment cap with a maximum rate of 15.00%, and a floor of 4.00%, except for the introductory rate offered. Index is the Prime Rate as published in the Wall Street Journal 30 days prior to the anniversary date.
Rate: Prime (WSP) - 2.00% Currently 4.75%; Max LTV 60% or less up to $350,000
Current Rate: Prime Minus 2% APR* For the First 12 Billing Cycles
Current Rate: Prime Minus 2% APR* For the First 12 Billing Cycles
No additional details available.
As Low As; Promo rate-existing HELOCs
No additional details available.
No additional details available.
INTRO RATE through 12/31/2026; Rates as Low as*
Lien Position: 1st; Ceiling: 18%
Introductory rate fixed at 4.79% APR for 12 months from loan closing date. After introductory period, APR will be a variable rate as indicated below. Rates are adjusted on a quarterly basis and are indexed to a Prime Rate published in the WALL STREET JOURNAL (WSJ). Rate adjusted effective July 1, 2026 based on the WALL STREET JOURNAL. Prime rate is (6.75%) as of June 20, 2026 in accordance with loan terms. *Maximum adjustment is 2% in a calendar year. Rate cannot go below 4.0%* Minimum Real Estate secured loan amount $10,000. Property must be owner occupied and primary residence located in Pennsylvania or Ohio.
No additional details available.
As Low As
As Low As; The APR is current as of 8/1/2026. qualification is based on an assessment of individual creditworthiness and our underwriting standards. For the home equity fixed rate loan, the rate will not increase at any time while the plan is open. The Everyday Equity rate is variable, subject to change monthly. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Call us at 800.562.6049 for current rates, terms and conditions.
Introductory fixed rate for the first 12 months, with no closing costs or annual fees.
Intro rate expires: 9 months; After the offer period, the APR on the HELOC will revert to the regular APR at that time; and as of 2/1/26, it's 7.24% APR (if the home is owner-occupied) or 7.50% APR (for 2nd home or vacation home). The offer's APR reverts to the regular, non-offer APR in effect at LAFCU nine (9) months after each advance. Draw up to 80% of your home's appraised value, minus liens for owner-occupied homes, and 70% for 2nd or vacation homes. Access funds via paper "Convenience Checks" (upon request), or by transfer from your online banking account or mobile app. Relationship Rewards discounts and refinances of existing HELOCs do not apply to this offer. HELOCs are for single-family, owner-occupied residences. Other conditions & some restrictions may apply. Offers and rates are subject to change without notice. All HELOCs subject to normal credit-granting criteria, and have no fees, points or closing costs.
Introductory rates start at 4.99% for the first 6 months. $10,000 minimum loan amount or increase to existing line required. Eligible on owner occupied properties only. Must apply by December 31, 2026 for promotional rate. Non-promotional rate ranges from 7.00% to 10.45% APR.
Introductory Rate; Variable Rate Thereafter: Prime + 0.00%; Minimum interest rate of 4.00% and maximum interest rate of 18.00%; Best Rate with Checking + Autopay; Rates are effective as of April 1, 2026 through August 31, 2026
6-Month Introductory Rate
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
U.S. Home Equity Snapshot
National housing and income figures that shape how much equity U.S. homeowners can borrow against. Source: U.S. Census Bureau & FHFA.
Equity and borrowable estimates are illustrative, based on a typical owner who has paid the original mortgage down to roughly 65% of current value and an 85% combined loan-to-value ceiling. Your actual figures depend on your remaining mortgage balance, credit profile, and lender underwriting. Use the State filter on the rate table above, or pick a state below, for figures specific to your area.
How Much Can You Borrow With a Home Equity Loan or HELOC?
Your borrowing limit is set by your combined loan-to-value ratio (CLTV) — the total of your first mortgage plus the new loan, divided by your home's appraised value. Most lenders cap CLTV at 80–85%. Using the U.S. median home value of $303,400, here is roughly what an 85% CLTV ceiling allows at three stages of mortgage payoff:
| Mortgage Stage | Still Owed | Equity Held | Est. You Could Borrow |
|---|---|---|---|
| Earlier in repayment | $212,380 | $91,020 | $45,510 |
| Roughly halfway through | $166,870 | $136,530 | $91,020 |
| Well into repayment | $121,360 | $182,040 | $136,530 |
The further along you are in paying down your first mortgage, the more equity sits available to borrow against. Lenders also weigh your credit score, debt-to-income ratio, and income — the U.S. median household income is $80,734 — before issuing a final offer. Home values and borrowing limits vary widely by location, so check your state's page for figures closer to home.
Illustrative estimates only, based on an 85% CLTV ceiling and the U.S. Census median home value. Actual limits vary by lender (some allow up to 90% CLTV), by your home's appraised value, and by your credit profile. This is not a loan offer or a guarantee of approval.
Home Equity Rate Trends
90-day HELOC and home equity loan averages across our nationwide lender network
Daily HELOC and home equity loan averages tracked across our database of verified rate quotes — refreshed every evening.
HELOC rates rose 0.056 points over the past 7 days to 6.797%.
Home equity loan rates rose 0.016 points over the past 7 days to 6.754%.
Home Equity Rate Forecast — Next 12 Months
Where are HELOC and home equity loan rates headed through August 2027?
HELOC trajectory based on prime rate path (prime = fed funds + 3.0%). Home equity loan trajectory based on Fed funds futures and 10-year Treasury path. Not financial advice.
What the Forecast Means for Home Equity Borrowers
Monthly cost on $50,000 borrowed. HELOC shown as interest-only payment (typical during 10-year draw period). Home equity loan shown as fully amortizing principal & interest on a 15-year term.
| Scenario | HELOC Rate | HELOC Mo. Interest | HE Loan Rate | HE Loan Mo. P&I |
|---|---|---|---|---|
| Today | 6.797% | $283 | 6.754% | $443 |
| 6-Month Forecast | 6.547% | $273 | 6.504% | $436 |
| 12-Month Forecast | 6.297% (6.05–6.50%) | $262 (-$21) | 6.104% (5.75–6.40%) | $425 (-$18) |
Green (−) = lower monthly cost vs today. Red (+) = higher monthly cost. HELOC cost reflects variable-rate exposure: when prime drops, HELOC costs drop within one billing cycle. Locking a fixed home equity loan now insulates against further rate increases but forfeits the savings if rates fall.
How Home Equity Lending Works
U.S. homeowners hold an enormous pool of tappable equity — trillions of dollars built up through rising home values and years of mortgage paydown. A home equity loan or HELOC lets a homeowner borrow against that equity without selling, typically at rates significantly lower than credit cards or personal loans because the debt is secured by real estate.
According to the U.S. Census Bureau, the national median owner-occupied home value is approximately $303,400, with a homeownership rate of 65.7%. That gives tens of millions of U.S. households potential access to home equity financing — making this one of the most widely used consumer credit products in the country.
Home Equity Loan vs HELOC — Quick Comparison
| Feature | Home Equity Loan | HELOC |
|---|---|---|
| Rate Type | Fixed for life of loan | Variable (prime + margin) |
| Payout | Lump sum at closing | Draw as needed, up to limit |
| Term | 5-30 years | 10-yr draw + 20-yr repay (typical) |
| Payment | Fixed P&I from month one | Interest-only during draw (usually) |
| Closing Costs | Typically 2-5% of loan | Often $0 (promos common) |
| Best For | Specific large expense, payment certainty | Ongoing access, flexible borrowing |
Want a deeper breakdown? Read our full guide: Home Equity Loan vs HELOC — Key Differences, Pros and Cons
Home Equity Loan Calculator
Estimate how much you could borrow against your home, and what the monthly payment on a fixed-rate home equity loan would look like. The home value below is prefilled with the U.S. national median from the U.S. Census Bureau — change it to your own home's value, and adjust any other field to see the numbers update.
1. How Much Can You Borrow?
2. Estimated Monthly Payment
Defaults to your estimated borrowing limit — edit to model a smaller loan.
Estimates only. Borrowing power assumes lenders allow up to the selected combined loan-to-value ratio; actual limits, rates, and approval depend on your credit profile, income, and the lender's underwriting. The payment figure is for a fixed-rate home equity loan with standard amortization — HELOC payments are typically interest-only during the draw period and vary with the prime rate, so they are not modeled here. This is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our home equity loan and HELOC rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners, including the iCanBuy home equity offers widget shown above. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Home Equity Rate Data: We aggregate home equity loan and HELOC rates from the official websites of local banks, credit unions, regional lenders, and national institutions across the United States. Every rate displayed is highly accurate and trustworthy.
National, Regional, and Local Coverage: Our systems constantly monitor the market to provide a complete picture of available home equity products nationwide. Use the State filter above the rate table to narrow results to a single state, or click a state link below to see a dedicated page where local lenders with branches in your city are ranked first.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update home equity rates daily. Because HELOC rates move with the prime rate and the broader market, every product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you compare rates from secure, reliable lenders.
Frequently Asked Questions about Home Equity & HELOC Rates
What is the difference between a home equity loan and a HELOC?
How much equity do I need to qualify for a HELOC or home equity loan?
What credit score do I need for a home equity loan?
Are HELOC interest payments tax-deductible?
What is the current prime rate and how does it affect my HELOC?
What is a HELOC draw period?
Can I use a home equity loan or HELOC for debt consolidation?
Are there closing costs on a home equity loan or HELOC?
Should I get a HELOC or a home equity loan?
Can I refinance my HELOC into a fixed-rate home equity loan?
How does my state affect my home equity loan options?
What are the best national home equity rates today?
- First Bank Ketchikan, AK: 4.00% (First Advantage Home Equity Line of Credit)
- Blue Ridge Bank and Trust Co.: 4.00% (Home Equity Line of Credit)
- Corner Post Federal Credit Union: 4.00% (Home Equity)
- Fremont Federal Credit Union: 4.00% (Home Equity Loan)
- Torrance Community Federal Credit Union: 4.00% (Interest Only HELOC)
Home Equity & HELOC Rates by State
