Home Equity Loan Rates & HELOC Rates in Thompson, OH for July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current home equity loan rates in Thompson, Ohio include Northwest Bank Warren, PANorthwest Bank Warren, PAA+5.0 ★Texas Ratio: 5.33% offering Home Equity Loan at 4.25%, USXUSXA+5.0 ★Texas Ratio: 1.67% offering Fixed Rate Home Equity Loans at 4.25%, PSE Credit Union IncPSE Credit Union IncA+5.0 ★Texas Ratio: 4.15% offering Home Equity Loans at 4.70%, CLEVELAND SELFRELIANCECLEVELAND SELFRELIANCEA5.0 ★Texas Ratio: 0.01% offering Home Equity Line of Credit at 4.75%, and United Federal Credit UnionUnited Federal Credit UnionA+5.0 ★Texas Ratio: 3.13% offering Interest Only Home Equity Line of Credit at 4.99%. Home equity and HELOC rates as of June 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 actively serving Ohio borrowers. 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: June 29, 2026
Compare Home Equity & HELOC Rates Today in Thompson, Ohio & the Surrounding Area
Thompson Home Equity Loan Rates
As Low As; Rates as low as 4.25% Annual Percentage Rate
No additional details available.
As Low As; *** View our Home Equity Loan Options >
No additional details available.
Rate applies to loan amounts of $10,000 - $49,999.99. See additional details for rates on higher loan amounts.
As Low As
No additional details available.
Note: (2)
No additional details available.
No additional details available.
Fixed for life of loan
Note: (2)
As Low As
As Low As; **
As Low As
No additional details available.
No additional details available.
Up to 80% Max LTV
No additional details available.
Max financed 90% of appraised value. Member is responsible for closing costs.
Note: (2)
No additional details available.
As Low As; Fixed Rate
As low as
No additional details available.
As Low As; The as low as rate is for qualified borrowers with excellent credit. The rate may vary based on credit and other underwriting factors.
No additional details available.
Max financed 90% of appraised value. Member is responsible for closing costs.
LTV: 80%
No additional details available.
LTV: 80%
Up to 80% Max LTV
LTV: 80%
As Low As
As Low As; The as low as rate is for qualified borrowers with excellent credit. The rate may vary based on credit and other underwriting factors.
Max financed 90% of appraised value. Member is responsible for closing costs.
No additional details available.
As Low As*
As Low As
As Low As; 5 year draw
As Low As*; Rates include 0.25% discount with automatic payment from a United checking account. Loans over 80% of home value will incur a 2.25% APR premium in addition to the APR as low as rate listed above.
No additional details available.
LTV: 80%
No additional details available.
As Low As; closed end, fixed rate; effective as of January 1, 2026
7.99%
As Low As
LTV: 80%
As Low As*; Rates include 0.25% discount with automatic payment from a United checking account. Loans over 80% of home value will incur a 2.25% APR premium in addition to the APR as low as rate listed above.
No additional details available.
Fixed for life of loan
No additional details available.
No additional details available.
LTV: 80%
No additional details available.
No additional details available.
As Low As*; Rates include 0.25% discount with automatic payment from a United checking account. Loans over 80% of home value will incur a 2.25% APR premium in addition to the APR as low as rate listed above.
LTV: 80%
No additional details available.
As Low As; The as low as rate is for qualified borrowers with excellent credit. The rate may vary based on credit and other underwriting factors.
Thompson HELOC Rates
now up to $200,000
Intro rate expires: 6 months; This introductory APR applies only to new loans approved on or after 6/1/26 and is effective from the same date. The plan will convert to variable rate after the first 6 months. Your APR is then based on the Wall Street Journal prime rate and may adjust monthly. After the introductory period, the APR can range from 7.25% to 18.00% APR based on the current Wall Street Journal prime rate. Approval and rate may vary based on credit history, term and security offered. Minimum qualifications for the introductory rate include 90% maximum combined loan to value and a minimum credit score of 640. Minimum loan amount of $10,000 is required to apply. Maximum loan amount possible is $300,000 for credit scores 640 and above. Must draw $15,000 or 40% of approved credit line, whichever is less, at time of closing. Rate discounts and premiums will not apply to the introductory rate but will apply to variable rate after intro period. Other restrictions may apply. Reimbursement of waived third-party fees required if closed within 24 months. Loan programs, rates, fees, conditions, and terms subject to change at any time and may be terminated without notice. It's advisable to consult with a tax advisor regarding the deductibility of interest, and property insurance is required.
Rate applies to loan amounts of $10,000 - $49,999.99. *
As Low As; $100 Home Depot Gift Card with new Home Equity LOC
Intro rate expires: 6 months; This introductory APR applies only to new loans approved on or after 6/1/26 and is effective from the same date. The plan will convert to variable rate after the first 6 months. Your APR is then based on the Wall Street Journal prime rate and may adjust monthly. After the introductory period, the APR can range from 7.00% to 18.00% APR based on the current Wall Street Journal prime rate. Approval and rate may vary based on credit history, term and security offered. Minimum qualifications for the introductory rate include 90% maximum combined loan to value and a minimum credit score of 640. Minimum loan amount of $10,000 is required to apply. Maximum loan amount possible is $300,000 for credit scores 640 and above. Must draw $15,000 or 40% of approved credit line, whichever is less, at time of closing. Rate discounts and premiums will not apply to the introductory rate but will apply to variable rate after intro period. Other restrictions may apply. Reimbursement of waived third-party fees required if closed within 24 months. Loan programs, rates, fees, conditions, and terms subject to change at any time and may be terminated without notice. It's advisable to consult with a tax advisor regarding the deductibility of interest, and property insurance is required.
Intro rate for 6 months.
Introductory rate for 6 months.
Introductory 4.99% APR for 6-Months*
As low as 2
As Low As; 5.49% annual percentage rate (APR) for the first 6 months. After that the rate is a variable rate. Rates are subject to change without notice. The rate is a variable annual percentage rate (APR) that is an index which is the US Prime Rate as published in the Wall Street Journal and will change along with changes in the index. Maximum rate is 18.00% APR. Requirements to obtain this rate include a middle score of the three scores received from the consumer reporting agencies of 700 or above (note: if there is more than one borrower, the lowest middle score of all borrowers will be considered), maximum CLTV of 80%. There is also an annual fee of $75.00, and a processing fee of $500.00 which is waived with monthly automatic payments from a USB checking account. There are no application, attorney or appraisal fees for loans with a loan amount up to $250,000 and a CLTV less than or equal to 80% or for loans amounts up to $400,000 with a CLTV less than or equal to 70%. Property insurance is required. All loans and lines of credit are subject to credit approval. Not available to existing Union Savings Bank Home Equity Line customers, unless the current USB Home Equity Line is within 24 months of the end of the draw period.
As low as Prime -1% (Wall Street Journal) The annual percentage rate can change annually on the first day of February. The rate cannot increase or decrease more than 2 percentage points in any one-year period. Maximum APR is 18%. Minimum APR is 2.99%. 5 year draw period/20 year total repayment of loan
Loan to Value <=80%; Maximum credit line is $199,000. Minimum required initial draw is $10,000.
As Low As; Promotional rate for HELOC - Fixed Rate.
Special Intro Rate
As Low As
Special HELOC Rate as Low as Prime Minus .75% *APR No Closing Costs!
No additional details available.
Loan to Value <=80%; Prime Rate -0.51% (Minimum Rate of 3.25%); This rate may vary.
No additional details available.
As Low As; Everyday APR: 6.75%
Tiered amortization based on outstanding balance; Note: (2)
As Low As; LTV: 85%
75% Loan to Value; Variable Rate*
Non Variable - 5 Years
Effective Date: 12/17/2025
As Low As; Everyday APR: 6.99%
As Low As; Variable Rate
Based on a loan to value of 80% and credit score of 700
As Low As; Rates include all possible discounts. Contact us to determine which discounts apply to you.
As low as Variable
Fixed Rate HELOC, Call CU for Details
Up to 85% Max LTV
As Low As; Loan to Value: 80% or Less
APR is based only on rate and not fees. For Home Equity Lines of Credit over $100,000.00 additional fees may apply. Estimated closing costs $276 plus appraisal fee if applicable. The interest rate for Adjustable Rate HELOCs is variable based on the Prime Rate. The minimum rate is 4.00% and maximum rate is 18%. After the first year there is an annual participation fee of $50.00. Minimum loan amount is $15,000.00.
Effective Date: 12/17/2025
Variable
As Low As; Variable Rate
As Low As; Up to 80% LTV
Rate: As low as the Prime Rate
As Low As;*
As low as * Rate shown will not apply to every loan and may vary based on other factors.
As Low As; Rates effective as of 5/21/2026. Rates subject to change without notice.
As low as 6.75%, variable; Ohio residents only. Available only on Owner-Occupied Residence. Subject to credit approval from each member's individual credit quality.
No additional details available.
1
As Low As
variable; ($25,000 Maximum)
As Low As; Loans over 80% of home value will incur a 1.00% APR premium in addition to the APR as low as rate listed above. Base rates vary by state, as low as 7.00% APR to as high as 18.00% APR based on Combined-Loan-To-Value (CLTV), line amount and credit score. Advertised rates include 0.25% discount with automatic payment from a United checking account. Account features a variable periodic rate, maximum of 18.00% APR. minimum monthly payment is 1.5% of the loan balance or $100, whichever is greater, rounded to the nearest dollar. Minimum payments may not be sufficient to fully repay principal; entire remaining balance must be paid in single payment. Property insurance required.
As Low As; Everyday APR: 7.50%
Rates effective 3-2024
No additional details available.
Up to 85% Max LTV
As Low As; Everyday APR: 7.74%
APR* as low as; LTV 80% or less
As Low As
As Low As; Loans over 80% of home value will incur a 1.00% APR premium in addition to the APR as low as rate listed above. Rates vary between 7.25% APR and 18.00% APR based on Combined-Loan-To-Value (CLTV), line amount and credit score. Rates include 0.25% discount with automatic payment from a United checking account. Account features a variable periodic rate. Minimum monthly payment is 1.5% of the loan balance or $100, whichever is greater, rounded to the nearest dollar. Minimum payments may not be sufficient to fully repay principal; entire remaining balance must be paid in single payment. Property insurance required. Consult a tax adviser regarding the deductibility of interest. Home Equity Loans are currently not available in Alaska, Hawaii or Texas. Example Payment: $25,000 borrowed at 7.25% APR for 120 months equals $293.50 per month.
1
Loan to Value > 80% and <= 85%; Prime Rate +0.50% (Minimum Rate of 3.25%); This rate may vary.
No additional details available.
Rates effective 3-2024
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Thompson, Ohio Home Equity Snapshot
Local housing and income figures that shape how much equity Thompson, OH 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.
How Much Can You Borrow in Ohio?
Your borrowing limit on a home equity loan or HELOC 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 statewide median home value of $214,800, 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 | $150,360 | $64,440 | $32,220 |
| Roughly halfway through | $118,140 | $96,660 | $64,440 |
| Well into repayment | $85,920 | $128,880 | $96,660 |
The further along you are in paying down your first mortgage, the more equity sits available to borrow against. Lenders will also weigh your credit score, debt-to-income ratio, and income — the local median household income is $71,389 — before issuing a final offer.
Illustrative estimates only, based on an 85% CLTV ceiling and the Census median home value for this area. 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.
Thompson, OH Home Equity Rate Trends
Compare local Thompson, OH home equity quotes against the statewide average
Daily HELOC and home equity loan averages tracked across our database of verified rate quotes — updated every evening.
Ohio HELOC rates rose 0.034 points over the past 7 days to 6.516%.
Ohio home equity loan rates rose 0.018 points over the past 7 days to 6.822%.
Ohio Home Equity Rate Forecast — Next 12 Months
Where are Ohio HELOC and home equity loan rates headed through July 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 Forecast Rates Mean for Thompson, OH 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 (OH avg) | 6.516% | $272 | 6.822% | $444 |
| 6-Month Forecast | 6.516% | $272 | 6.822% | $444 |
| 12-Month Forecast | 6.266% (6.02–6.47%) | $261 (-$11) | 6.422% (6.07–6.72%) | $433 (-$11) |
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 in Thompson, Ohio
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
Thompson, Ohio 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 local 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 Thompson, Ohio 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 for Thompson, Ohio directly from the official websites of local lenders, credit unions, and national institutions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home equity products in Thompson, Ohio. We feature a comprehensive mix of licensed NMLS financial institutions — from neighborhood credit unions and competitive regional banks to large national lenders accepting applications from Ohio borrowers.
Local-First Sorting: Rate tables on city pages list institutions with physical branches in the city first, followed by statewide institutions, then national lenders — regardless of APR. This intentional ordering helps homeowners find lenders they can walk into for an in-person closing, since home equity products often involve appraisal, notarization, and other steps that benefit from a local relationship.
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.
Home Equity Basics for Thompson, Ohio Homeowners
Home equity is the share of a property the owner truly owns: the home's current market value minus the balance still owed on the mortgage. For a Thompson, Ohio homeowner, it grows as the mortgage is paid down and as the property appreciates. Lenders let homeowners borrow against this equity, using the home as collateral, which is why home equity products generally carry lower rates than credit cards or unsecured personal loans.
Home Equity Loan vs. HELOC in Thompson, Ohio
A home equity loan advances a lump sum at a fixed rate, repaid in equal installments over a set term, useful for a one-time expense with a known cost. For example, Northwest Bank Warren, PA is listing its Home Equity Loan at 4.25%. A home equity line of credit (HELOC) works more like a credit card: a revolving credit limit the borrower can draw from as needed during a draw period, usually at a variable rate. On the line-of-credit side, CLEVELAND SELFRELIANCE is listing its Home Equity Line of Credit at 4.75%. For Thompson, Ohio borrowers, a loan offers payment certainty, while a HELOC offers flexibility for ongoing or uncertain costs.
How Much Thompson, Ohio Homeowners Can Borrow
Most lenders allow borrowing up to a combined loan-to-value ratio of 80 to 85 percent, meaning the mortgage balance plus the new home equity debt cannot exceed that share of the home's value. For a Thompson, Ohio homeowner, the exact amount available also depends on credit score, income, and the lender's policies. Because the borrowing limit is tied to current value, an appraisal is typically part of the approval process.
How Thompson, Ohio Home Equity Rates Are Set
HELOC rates are usually variable and tied to the prime rate, so they move when the Federal Reserve changes short-term rates, while home equity loan rates are typically fixed and priced off longer-term benchmarks. On top of that market baseline, the rate a Thompson, Ohio borrower receives reflects credit score, combined loan-to-value ratio, and loan amount, so stronger credit and more equity generally earn a lower rate. A borrower’s final rate is set once an application is underwritten.
Risks for Thompson, Ohio Borrowers to Weigh
Because the home secures the debt, falling behind on payments can ultimately put the property at risk, so home equity borrowing is best reserved for purposes that preserve or build value, such as renovations or consolidating higher-rate debt. For Thompson, Ohio borrowers, variable-rate HELOCs also carry the risk that payments rise if rates climb, and some lines shift from interest-only payments to full repayment after the draw period ends. Understanding the repayment structure before borrowing helps avoid payment shock later.
Frequently Asked Questions about Home Equity & HELOC Rates in Thompson, Ohio
What is the difference between a home equity loan and a HELOC in Ohio?
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 in Ohio?
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 in Ohio?
How much equity could a homeowner in Thompson, Ohio have?
What is a typical home equity loan amount in Thompson, Ohio?
Can households in Thompson, Ohio afford a home equity loan payment?
How do property taxes in Thompson, Ohio affect home equity borrowing?
What percentage of homeowners in Thompson, Ohio have a mortgage they could tap for equity?
What are the best home equity rates in Thompson, Ohio?
- Northwest Bank Warren, PA: 4.25% (Home Equity Loan)
- USX: 4.25% (Fixed Rate Home Equity Loans)
- PSE Credit Union Inc: 4.70% (Home Equity Loans)
- CLEVELAND SELFRELIANCE: 4.75% (Home Equity Line of Credit)
- United Federal Credit Union: 4.99% (Interest Only Home Equity Line of Credit)
