Home Equity Loan Rates and Lenders in July 2026
Current $50k home equity loan rates are as low as 7.37%.
Current home equity loan rates offered by LendingTree partners
| LOAN AMOUNT | APR AS LOW AS
Rates are calculated based on conditional offers for both home equity loans and home equity lines of credit with 30-year repayment periods presented to consumers nationwide by LendingTree’s network partners in the past 30 days for each loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.
| MONTHLY PAYMENT |
|---|---|---|
| $25,000 | 7.57% | $299.08 |
| $50,000 | 7.37% | $320.16 |
| $100,000 | 7.08% | $672.33 |
| $150,000 | 7.15% | $985.39 |
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Home equity loan rates currently average 6.41%, down from 7.08% compared to this time last year.
Rates are calculated based on conditional offers for home equity loans with a 15-year repayment period presented to consumers nationwide by LendingTree’s network partners in April of the given year for all loan amounts. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.
- Most lenders allow you to borrow up to 85% of your home’s value.
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Home equity loan offers on LendingTree averaged $144,429 in the first quarter of 2026.
Based on home equity loan offers on the LendingTree platform from Jan. 1 to March 18, 2026.
- If you don’t want the risk of losing your home if you default on payments, a cash-out refinance or personal loan may be a good alternative.
Use our home equity calculator to find out how much your loan could be
How much does a $50,000 vs. $100,000 home equity loan cost each month?
If you borrow a 20-year $50,000 home equity loan at today’s rates, you’d pay about $393 per month, whereas a $100,000 home equity loan with a 20-year term would cost $787 — twice as much due to the lower average rate for larger loans.
| $50,000 home equity loan | $100,000 home equity loan | |
|---|---|---|
| Monthly payment | $393 | $787 |
| Total interest | $44,409 | $88,818 |
| Total loan cost | $94,409 | $188,818 |
Disclaimer
Monthly payment comparison for a $50k vs $100k home equity loan
Frequently asked questions
- Higher second mortgage rates: You’ll pay a higher rate than you would with a HELOC or cash-out refinance.
- Tougher guidelines: You may need higher scores and lower debt to qualify than you would with a cash-out refinance.
- Reduced equity: You’ll lower your available home equity.
- Another monthly payment: You’ll have two house payments to manage each month.
- Foreclosure risk: You could lose your home if you default on your payments.
It may take two to four weeks to close on a home equity loan. You’ll usually receive your funds following a three-business-day waiting period after your closing.
Home equity loan rates are often higher than interest rates on traditional mortgages. Usually, the more you borrow, the higher your rate will be. Your credit score and loan term will also have an impact on the rate you’re offered.
Yes, it’s possible to get a home equity loan with bad credit, but you may not qualify for as much equity as you need or want. Lenders may reduce your maximum LTV ratio and charge you a significantly higher interest rate. If your scores are below 620, consider a government-backed program like an FHA cash-out refinance or VA cash-out refinance.
How home equity loan rates are trending on LendingTree and what this means for you
Interest rate vs. APR
The current average annual percentage rate (APR) for a 30-year, $100,000 home equity loan is 7.08%.
Home equity loan rates are relatively high right now, especially compared to the low rates we saw before the pandemic. Interest rates tend to fall when the Federal Reserve cuts the federal funds rate, which it did most recently on Dec. 10, 2025. Home equity loan rates were trending downward since August of 2025, but have recently started going up — a trend that’ll probably continue in the short-term, according to LendingTree experts.
“The recent downward trend in home equity loan rates has reversed,” states Matt Schulz
Even if rates do rise, a home equity loan may still be a good idea if it can help you consolidate debt, cover an emergency expense or tackle a project that provides long-term value (like home improvements).
How is my home equity loan rate determined?
Credit score
The higher your credit score, the better your rate will be. Most lenders require a 620 minimum, but some require 660 or 680 for the best rates.
DTI ratio
Debt-to-income (DTI) ratio shows how much monthly income goes to debt payments. Lenders typically allow a 43% maximum, but lower ratios earn better rates.
LTV ratio
Loan-to-value (LTV) ratio compares your loan amount to your home’s value. A lower LTV gives you a lower rate. Most lenders cap this at 85%, but some offer high-LTV loans.
Get your free credit score on LendingTree Spring today.
The best home equity lenders of 2024
| Lender | User ratings | Best for | |
|---|---|---|---|
 |
(2624)
Ratings and reviews are from real consumers who have used the lending partner’s services.
| Low credit scores | |
 | User reviews coming soon | High LTV ratios | |
 | User reviews coming soon | Online experience | |
 | User reviews coming soon | Rate and closing cost discounts | |
 |
(729)
Ratings and reviews are from real consumers who have used the lending partner’s services.
| Fast closings |
Read more about how we chose our best home equity lenders.
Best digital lending experience: Rocket Mortgage
- Offers loan amounts up to $500,000
- Provides an easy online application
- Has robust customer support that extends outside regular business hours
- Doesn’t share home equity loan rates on its website
- Doesn’t operate brick-and-mortar locations
- Prequalification requires a hard credit pull
Rocket Mortgage offers a home equity loan for borrowers with credit scores as low as 680, though you’ll need at least a 740 score to borrow up to a 90% LTV. Rocket is a leading national lender with a long track record of high customer satisfaction, and is available in all 50 states and the District of Columbia.
You’ll have the best chance of qualifying for a mortgage with Rocket Mortgage if you have a 70% loan-to-value (LTV) ratio or better, according to nationwide data from 2024. That year, about 32% of approved borrowers had a debt-to-income (DTI) ratio above 43%.
“Very satisfied with the incredibly fast process! Very professional as well!”
— Michael from New Kensington, Pa. (March 2026)
“The process was quick and easy, Preston was very patient and helpful with an issue I was having with e-signing.”
— Jackie from New Haven, Ind. (February 2026)
“The people are fantastic! My mortgage person answered every question I had throughout the process. And even after the refi process was complete! Each and every individual encountered was knowledgeable, professional and effective. Highly recommend!”
— Bridget from Saint Charles, Mo. (October 2024)
Best for high LTV ratios: Navy Federal Credit Union
- Allows qualified homeowners to borrow up to 100% of their home’s value
- Publishes home equity loan rates on its website
- No application or origination fees
- Only serves military borrowers and their families
- Doesn’t share its minimum credit score requirement
You’ll have the best chance of qualifying for a mortgage with Navy Federal if you have a 75% loan-to-value (LTV) ratio or better, according to nationwide data from 2024. That year, about 42% of approved borrowers had a debt-to-income (DTI) ratio above 43%.
Best for online experience: TD Bank
- Allows a variety of home types to secure the loan, including second homes and co-ops
- Offers discounts to borrowers who set up automatic payments out of a TD Bank checking or savings account
- Charges a flat $99 origination fee
- Doesn’t serve most states
- Doesn’t allow borrowers to use their home equity loan funds for college tuition
- Doesn’t allow you to borrow less than $10,000
TD bank’s website is streamlined and easy to use, with a rate tool that customizes options based on your location. Terms range from five to 30 years, and rate information is simple to find. TD Bank also publishes a detailed list of the fees it charges on its website. An added bonus: A TD Bank home equity loan can be secured by a second home or investment property — most home equity lenders only allow you to borrow against your primary residence.
You’ll have the best chance of qualifying for a mortgage with TD Bank if you have a 59% loan-to-value (LTV) ratio or better, according to nationwide data from 2024. That year, nearly half (49%) of approved borrowers had a debt-to-income (DTI) ratio under 40%.
Best for closing cost discounts: BMO
- Low fees
- Operates nearly 1,000 branches
- Provides an online application
- Doesn’t share its LTV ratio or loan amount requirements
- Not accessible for borrowers with bad credit
BMO offers the deepest discounts on home equity loan rates of any lender we reviewed and covers your closing costs so that you don’t have to deal with upfront expenses. The lender also offers a 0.25% interest rate discount if you set up automatic payments from a BMO account. You can check rates online and view them broken out by loan amount and repayment term. There’s also an online application and a guide to help you through the process.
You’ll have the best chance of qualifying for a mortgage with BMO if you have a 61% loan-to-value (LTV) ratio or better, according to nationwide data from 2024. That year, about 46% of approved borrowers had a debt-to-income (DTI) ratio below 40%.
Best for low credit: Spring EQ
- Offers fast funding
- Allows you to tap up to $500,000 of your home equity
- Allows for a variety of loan terms, from 10 to 30 years
- Doesn’t offer rate quotes unless you share personal information
- Doesn’t disclose its maximum LTV ratio requirements
- Doesn’t disclose fees on its website
Spring EQ is the only lender we reviewed that specializes exclusively in home equity loan products. You can also borrow up to 90% of your home’s value — slightly more than the max 85% LTV many lenders offer — without needing to have perfect credit. Homeowners can convert equity to cash in as little as 11 days, according to Spring EQ’s website.
You’ll have the best chance of qualifying for a mortgage with Spring EQ if you have a 70% loan-to-value (LTV) ratio or better, according to nationwide data from 2024. That year, about 45% of approved borrowers had a debt-to-income (DTI) ratio below 40%.
“I am so pleased with my experience with this company […] I would like to thank you for making a scary process more understandable and manageable.”
— Nicky from Naples, Maine (December 2025)
“From the moment I reached out for assistance with my loan application, they exhibited professionalism, expertise and a genuine commitment to helping me achieve my financial goals.”
— Kelly from Cleveland, Ohio (April 2024)
“Their higher LTV made my equity amount so much more accessible. I highly recommend them.”
— Maria from Miami, Fla. (October 2022)
“The process was very easy. Every person I dealt with made me feel as if I was their No. 1 customer. They were all extremely courteous, respectful and professional. When I’m ready to refinance, Spring EQ will be my first choice for that process.”
— Gisela from Bushkill, Pa. (September 2022)
Read more reviews.
How to get banks to compete for your business with LendingTree
Shopping for a home equity loan shouldn’t mean filling out tons of applications. With one form, compare rates from our network of vetted home equity lenders — when banks compete, you win.
1. Tell us what you need
Take two minutes to tell us about yourself, your home and when you need the money.
2. Shop your offers
If you qualify, we’ll send you offers from up to five lenders from the nation’s largest lender network.
3. Access your home equity
You’ll choose the lender that fits your budget and needs and send in a formal application. They’ll send you the money for your home equity loan if you’re approved.
How are home equity loan rates different from HELOC rates?
Although HELOC rates are usually lower than home equity loan rates, home equity lines of credit often have variable interest rates. This means that, while home equity loans have stable monthly payments, HELOC payments are likely to change over time.
Consumers sometimes confuse home equity loans with home equity lines of credit (HELOCs), but they work very differently: A HELOC is a line of credit that can be used like a credit card. Like a cash-out refinance, both are loan options for pulling from home equity. You can read our comparison if you’re unsure whether to choose a home equity loan or HELOC. Home equity loans and HELOCs usually come with the same eligibility requirements.
Considering all three? Check out our article Cash-Out Refinance vs. Home Equity Loan or HELOC: Which Is Better for You?
States where home equity shoppers report the highest home equity
Homeowners hold significant amounts of home equity, though levels vary by state. LendingTree analyzed approximately 967,000 anonymized home equity inquiries to identify the states where borrowers reported the highest levels of equity. Hawaii, California and Massachusetts topped the list.
Key findings
- U.S. households had $34.9 trillion in home equity as of the first quarter of 2026. In Q1 2026, the latest available data, households owned $48.7 trillion in real estate assets and carried $13.8 trillion in mortgage debt.
- Home equity shoppers in Hawaii reported the nation’s highest median home equity at $425,000, with 80.5% reporting at least $200,000 in equity. California and Massachusetts followed with median home equity of $350,000 and $345,000, respectively.
- West Virginia and Iowa reported the lowest home equity levels among shoppers. The two states had the lowest median home equity, at $130,000 each. Just 32.6% of West Virginia inquiries and 34.0% of Iowa inquiries reported at least $200,000 in equity.
States where home equity shoppers report the highest home equity
| Rank | State | Median home equity | % with $200K+ equity |
|---|---|---|---|
| 1 | Hawaii | $425,000 | 80.5% |
| 2 | California | $350,000 | 76.8% |
| 3 | Massachusetts | $345,000 | 78.4% |
| 4 | Utah | $300,000 | 73.5% |
| 5 | New Jersey | $295,000 | 73.6% |
| 5 | Washington | $295,000 | 72.5% |
| 7 | Rhode Island | $285,000 | 75.5% |
| 8 | New Hampshire | $275,000 | 72.7% |
| 9 | Colorado | $255,000 | 67.2% |
| 10 | Idaho | $250,000 | 67.6% |
| 10 | Montana | $250,000 | 67.3% |
| 12 | Connecticut | $245,000 | 65.8% |
| 13 | Oregon | $240,000 | 65.7% |
| 14 | Nevada | $225,000 | 64.3% |
| 14 | New York | $225,000 | 63.0% |
| 16 | Arizona | $200,000 | 59.3% |
| 16 | Vermont | $200,000 | 59.2% |
| 16 | Alaska | $200,000 | 58.5% |
| 16 | Florida | $200,000 | 58.3% |
| 16 | Maryland | $200,000 | 57.5% |
| 16 | Maine | $200,000 | 56.8% |
| 16 | Delaware | $200,000 | 56.7% |
| 16 | Virginia | $200,000 | 55.5% |
| 16 | Texas | $200,000 | 53.3% |
| 16 | Minnesota | $200,000 | 51.2% |
| 16 | Georgia | $200,000 | 51.2% |
| 16 | North Carolina | $200,000 | 51.0% |
| 16 | Tennessee | $200,000 | 50.9% |
| 29 | Wyoming | $195,000 | 49.8% |
| 30 | South Carolina | $190,000 | 49.4% |
| 30 | South Dakota | $190,000 | 49.3% |
| 30 | Wisconsin | $190,000 | 48.6% |
| 30 | New Mexico | $190,000 | 48.3% |
| 34 | Pennsylvania | $180,000 | 46.5% |
| 35 | North Dakota | $170,000 | 46.3% |
| 36 | Illinois | $165,000 | 42.6% |
| 36 | Nebraska | $165,000 | 42.2% |
| 38 | Michigan | $160,000 | 40.8% |
| 39 | Missouri | $155,000 | 39.5% |
| 40 | Kansas | $150,000 | 39.7% |
| 40 | Louisiana | $150,000 | 38.0% |
| 40 | Alabama | $150,000 | 37.8% |
| 40 | Ohio | $150,000 | 36.9% |
| 40 | Indiana | $150,000 | 36.4% |
| 45 | Oklahoma | $145,000 | 37.2% |
| 45 | Kentucky | $145,000 | 35.8% |
| 47 | Mississippi | $140,000 | 36.6% |
| 47 | Arkansas | $140,000 | 35.4% |
| 49 | Iowa | $130,000 | 34.0% |
| 49 | West Virginia | $130,000 | 32.6% |
Research methodology
LendingTree researchers analyzed nearly 967,000 anonymized home equity inquiries submitted through the LendingTree platform between Jan. 1 and March 31, 2026.
Researchers calculated the median reported home equity and the share of inquiries reporting at least $200,000 in home equity for each state. Dollar amounts were rounded to the nearest $5,000, and percentages were rounded to the nearest tenth of a percentage point.
Researchers used Federal Reserve data to obtain estimates of total household real estate assets and mortgage debt.
While rising home values have helped many homeowners build equity, the amount available to tap through a home equity loan depends heavily on where you live. The average price per square foot for new homes has surged 74% over the past decade, from $97 in 2014 to $169 in 2024 — but this growth hasn’t been uniform across the country.
Geographic disparities are striking: in the West, prices per square foot more than doubled, growing 105% to reach $224 in 2024, compared to 63% growth in the Midwest, where prices reached $165. These regional differences mean homeowners in high-cost areas have accumulated far more equity to potentially borrow against.
For homeowners considering a home equity loan, this geographic lottery can mean the difference between accessing substantial funds for renovations or debt consolidation versus having limited borrowing power, even after years of homeownership.
Learn more about how a home equity loan works.
Best uses for a home equity loan
Home improvements
Use your home equity to make upgrades or renovations that could increase your home’s value.
Debt consolidation
If you have high-interest credit cards or personal loans, you can use a HELOC to consolidate that debt and save on monthly interest charges.
Home repairs
Home equity can help you fund home repairs after a natural disaster, or simply prep for a rough winter.
No matter what you plan to use your home equity loan for, LendingTree can help you find the best lender for your situation. Follow these three simple steps to start comparing rates from our network of vetted lenders — when banks compete, you win.
-
Provide your details
Share a little bit about yourself so we can match you with offers. It’s simple, free and secure. -
Compare offers
Review your quotes and compare your available home equity loan options. -
Get your cash
Choose your best offer and finalize your home equity loan application.
Why you can trust LendingTree with your home equity loan
25+ years in business. 110+ million Americans served. $260+ billion in funded loans.
Security
Instead of sharing information with multiple lenders, fill out one simple, secure form in five minutes or less.
Savings
We’ll match you with up to five lenders from our network of 300+ lenders who will call to compete for your business.
Support
We provide ongoing support with free credit monitoring, budgeting insights and personalized recommendations to help you save.
How LendingTree chose the best home equity loan lenders
We reviewed more than 40 lenders to determine our picks for the best home equity loan lenders. LendingTree reviews and fact-checks our top lender picks annually by gathering loan program and requirement details directly from lenders and analyzing data from the Home Mortgage Disclosure Act (HMDA) government database.
We review several key factors: digital application availability and ease of use, product and lending information accessibility, in-person branch footprint and LendingTree’s expert star rating.
LendingTree best lender criteria
To be considered as a potential best lender pick by LendingTree experts, the lender must provide users with an online loan application experience that is relatively easy to follow and complete.
This means the lender must provide a user-friendly website and make their customer service contact information easy to find online.
To qualify for “best lender” consideration by LendingTree experts, the lender must provide users with an online experience that helps borrowers make sense of the mortgage lending process.
This means the lender must provide free online learning materials to help homebuyers understand the lender’s offered products, basic loan qualification requirements and high-level rates information.
Lenders must offer mortgages in at least 35 states across the U.S. to be considered a best lender pick. This allows a wider range of users to potentially choose the lender for their home loan, improving accessibility when customers need to contact the lender or get a rate quote.
For lenders to qualify for consideration as a best lender pick, they must have at least a four-star lender review rating from LendingTree experts. This rating indicates that the lender meets most, if not all, of the five criteria considered when assigning ratings. Here is the LendingTree star rating system for this year:
- Publishes rates online (+1 star)
- Offers standard mortgage products (+1 star)
- Includes detailed product info online (+1 star)
- Shares resources about mortgage lending (+1 star)
- Provides an online application (+1 star)
LendingTree mortgage experts’ process for choosing the best lenders
LendingTree gathers data directly from lenders through their websites, disclosures and, in some cases, direct communication with company representatives. Lenders that clearly present product details and terms are viewed more favorably in our evaluation.
The LendingTree editorial team applies consistent criteria to every lender. We also verify and update information periodically. Lenders cannot pay to influence our ratings. Read LendingTree’s editorial guidelines for more information.
Why trust LendingTree’s methodology?
As the lead editor for all purchase, refinance and home equity content, I rely on my 14+ years of personal finance experience to manage a team of staff writers and contributors who create consumer-friendly guides.
Together, our team aims to make LendingTree a reliable and helpful resource for readers as they navigate the complex mortgage lending process.
