Compare Home Equity Line of Credit (HELOC) Rates in August 2025

Current $50k HELOC rates are as low as 6.99%. See your best HELOC rate offers today.

Updated on: August 07, 2025

Select property type

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Privacy Secured | Advertising Disclosures

Current HELOC rates from 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.
$25,000	6.99%
$50,000	6.99%
$100,000	6.99%
$150,000	6.88%

Use our HELOC calculator to find out how much your credit line could be

Average 30-year HELOC monthly payments

Loan amount	Monthly payment Average rates disclaimer: 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.
$25,000	$166.16
$50,000	$332.32
$100,000	$664.63
$150,000	$985.39

LendingTree expert picks for the best HELOC lenders in 2025

Best For:

Large HELOC loans

Get Rates Read More

Best For:

Fast HELOC closing

Get Rates Read More

Best For:

No HELOC closing costs

Get Rates Read More

Best For:

High-LTV HELOCs

Get Rates Read More

Best For:

Fixed-rate HELOCs

Get Rates Read More

More Options

LendingTree rating:

Draw periods:

10 years

Repayment periods:

20 years

Max. loan amount:

$1 million

Average total loan costs (all loan types):

$8,073

Pros

Homeowners who set up auto payments on a Flagstar deposit account may qualify for a 0.25-point rate discount on a HELOC
Lends to borrowers with lower credit scores
Offers in-person and remote service

Cons

Above-average loan costs
Poor customer service reputation
HELOCs only offered by branches in a limited number of states

Why we chose Flagstar Bank

Flagstar, a large regional bank based in New York, offers HELOCs in 49 states (excluding only Texas) in amounts ranging from $10,000 to $1 million. You’ll even have the flexibility to secure the loan with a primary or secondary residence. Just keep in mind their maximum loan-to-value (LTV) ratio is still 85%, even with a higher loan amount.

How to qualify

You’ll have the best chance of qualifying for a mortgage with Flagstar if you have a 75% LTV ratio or better, according to nationwide data from 2023. That year, about 46% of approved borrowers had a debt-to-income (DTI) ratio below 40%.

Get Personalized Rate Offers Read Our Expert Review

LendingTree rating:

Draw periods:

2 to 5 years

Repayment periods:

5 to 30 years

Min. time to close:

5 to 10 days

Average loan costs (all loan types):

$7,794

Pros

Approval in as little as one day
Lends to borrowers with lower credit scores
Physical locations in every state except Vermont

Cons

Must agree to be contacted to get personalized rates
HELOCs have less time than usual to be used and repaid
Doesn’t disclose its minimum requirements

Why we chose Rate

If you’re looking for a speedy closing, you’ll likely appreciate Rate’s 100% digital application process and option to “FlashClose” — that is, sign most of your closing documents online. Rate boasts a five- to 10-minute application process and a five- to 10-day wait for funds. That’s quite fast compared to the 45 to 60 days you could wait with a traditional HELOC lender.

How to qualify

You’ll have the best chance of qualifying for a mortgage with Rate if you have an 85% LTV ratio or better, according to nationwide data from 2023. That year, about 45% of approved borrowers had a DTI ratio below 40%.

Get Personalized Rate Offers Read Our Expert Review

LendingTree rating:

Draw periods:

Not disclosed

Repayment periods:

Not disclosed

HELOC closing costs:

Average total loan costs (all loan types):

$5,309

Pros

No fees to switch from a variable-rate to a fixed-rate HELOC
Bank of America Preferred Rewards members can get HELOC rate discounts
Offers both online and in-person experiences

Cons

Best rates and terms go to borrowers with a 740+ credit score
Lower loan approval rates for DTI ratios above 40% than other top HELOC lenders
Higher home improvement loan costs than most other top HELOC lenders

Why we chose Bank of America

As a national bank, Bank of America offers the convenience of accessibility — regardless of where you live or any changes life throws your way, you likely can access a branch. And if you’re looking for a lender advertising HELOCs with no closing costs, Bank of America has that and more — plus, they also charge no application fees and no annual HELOC fees. There are also several ways to earn rate discounts on your HELOC, but you’ll need to have a Bank of America checking account to utilize most of them.

How to qualify

You’ll have the best chance of qualifying for a mortgage with Bank of America if you have a 61% LTV ratio or better, according to nationwide data from 2023. That year, about 50% of approved borrowers had a DTI ratio under 40%.

Get Personalized Rate Offers Read Our Expert Review

LendingTree rating:

Draw periods:

20 years

Repayment periods:

20 years

Max. LTV ratio:

95%

Average total loan costs (all loan types):

$3,442

Pros

No closing costs on HELOC loans
Low total costs and origination fees on loans for home improvements
Offers a longer draw period to access credit line before payments are required

Cons

Only offers loans to military members and their families
Doesn’t list all requirements online
Only members can check rates and apply

Why we chose Navy Federal Credit Union

Navy Federal CU serves active duty service members, veterans, members of the U.S. Department of Defense and their immediate families and household members. Their HELOCs — which allow a maximum combined loan-to-value ratio (for primary and secondary residences) of 95% — were among the most generous of the lenders surveyed. And with a solid online experience and 24/7 customer support, Navy Federal could be your best bet if you’re looking for a high-LTV HELOC.

How to qualify

You’ll have the best chance of qualifying for a mortgage with Navy Federal if you have a 77% LTV ratio or better, according to nationwide data from 2023. However, HELOC customers can qualify with LTVs up to 95%. Across all loan types, about 42% of approved borrowers had a DTI ratio below 40% in 2023.

Get Personalized Rate Offers Read Our Expert Review

LendingTree rating:

Draw periods:

10 years

Repayment periods:

5 to 30 years*

APR Range:

8.68% to 16.00%

Average total loan costs (all loan types):

$5,784

*Repayment periods for fixed-rate HELOCs can vary. Variable-rate HELOCs are only offered a 20-year repayment period.

Pros

Offers fixed- and variable-rate HELOCs
Physical branches available in some states for borrowers who prefer to apply in person
More likely to approve borrowers with a 45%+ DTI ratio for loans for home improvements than most top HELOC lenders

Cons

$50 annual fee for HELOC loans in some states
Not available in all 50 states
Higher costs for loans for home improvements than other top HELOC lenders

Why we chose Truist

Truist allows you to take out a variable-rate HELOC — and, if you choose, you can lock in a fixed rate on up to five draws at a time (though you’ll have to draw at least $5,000 to take advantage of this option). Truist lends to customers in every state but three: Alaska, Arizona and Hawaii.

How to qualify

You’ll have the best chance of qualifying for a mortgage with Truist if you have a 60% LTV ratio or better, according to nationwide data from 2023. That year, about 42% of approved borrowers had a DTI ratio under 40%.

Get Personalized Rate Offers Read Our Expert Review

Read more about how we chose our best HELOC lenders.

LendingTree takeaways: What you should know about HELOCs

HELOC rates are typically variable, which means your monthly payments can fluctuate.
You’ll need to be ready to pay up to 5% of your credit line amount in closing costs.
You’ll generally need at least 15% home equity to qualify for a HELOC.

On this page

How HELOC rates are trending on LendingTree
What factors affect my HELOC rate?
HELOCs compared to other ways to tap your equity
How to decide if a HELOC is a good idea
Best uses for a HELOC loan
Frequently asked questions
How we chose our best HELOC lenders
Helpful HELOC resources

How HELOC rates are trending on LendingTree and what this means for you

HELOC rates are expected to continue dropping over the course of 2025.

HELOC rates, like interest rates, are relatively high right now compared to where they sat before the pandemic — at the end of 2024, the prime rate sat 3.5 percentage points higher than where it had been in early 2020.

The Federal Reserve made its third cut to the federal funds rate last year on Dec. 17, 2024, which helped HELOC rates trend downward. But, ultimately, the exact rate you get on a HELOC will vary from lender to lender and is based on your personal financial situation.

Are HELOC interest rates going up or down?

Although the prime rate has shown an overall upward trend for several years, it has dipped slightly over the past year. That’s good news for average HELOC interest rates, which dropped by 1.29 percentage points between January 2024 and January 2025 (from 8.92% to 7.63%). Rates are calculated based on conditional offers for home equity lines of credit with 10- and 15-year repayment periods presented to consumers nationwide by LendingTree’s network partners in the given month 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.

The lowest interest rate offers we saw in that same time period also got more affordable, going from 7.49% in January 2024 to 6.65% in January 2025.

What factors affect my HELOC rate?

HELOC lenders may calculate your HELOC interest rate slightly differently, but the same general factors will apply:

Whether your rate is fixed or variable. Most HELOCs come with variable interest rates, which means their rates — and monthly payment amounts — can change over time. Your rate adjustment is typically based on movements in an underlying index, like the prime rate or Constant Maturity Treasury (CMT), a lender-set margin, and a ceiling that limits how high your rate can go during the term.
Your loan amount. Borrowing 80% or less of your home’s value is likely to get you lower HELOC rates, although most HELOC lenders let you borrow up to 85%. Some lenders offer high-LTV HELOCs up to 100% of your home’s value, but they usually have a higher rate.
Your credit score. Borrowers with a 780 credit score or higher tend to get the lowest HELOC rates. But some lenders will allow a minimum 620 score.
Your debt-to-income (DTI) ratio. Your DTI ratio measures your gross monthly income versus monthly debt. A low DTI ratio means you have low monthly debt compared to your income, and can help you get a better rate. Lenders usually allow a maximum 43% DTI ratio.

Get your free credit score and personalized credit recommendations with LendingTree Spring.

Home equity lines of credit compared to other ways to tap your equity

Home equity loan rates are often slightly higher than HELOC rates, but they have an advantage: the rates are fixed rather than variable. If you prefer a simpler loan with stable monthly payments, you may want to consider a home equity loan instead of a credit line.

A cash-out refinance is another equity-tapping loan option, and will typically come with a lower interest rate than a HELOC. A cash-out refinance is a “first” mortgage, and lenders can usually offer lower rates for these because their first-in-line status reduces the risk that they won’t be repaid in the event of foreclosure.

Here’s a breakdown of each option:

	HELOC	Home equity loan	Cash-out refinance
Best for	Borrowers who want a credit line they can access repeatedly	Borrowers who want to fund a single purchase and prefer fixed monthly payments	Borrowers who want to secure a lower mortgage rate and access a lump sum of cash
Interest rate type	Usually variable	Usually fixed	Fixed or adjustable
Loan term	5- to 10-year draw period and 10- to 20-year repayment	5 to 30 years	Up to 30 years
Equity needed	15%	15%	20%
Closing costs	2% to 5% of credit line amount	2% to 5% of loan amount	2% to 6% of loan amount

Need help deciding which option for tapping home equity is best for you? Read our comparison of cash-out refinances vs. home equity loans vs. HELOCs.

How to decide if a HELOC is a good idea for you

Knowing how much cash you can access and whether you’ll be able to afford the payments can help you decide if a HELOC is a good option. If you miss payments or default on the HELOC, not only will your credit score take a hit — you could lose your home.

HELOC repayment is organized into two stages: the draw period and the repayment period.

The draw period typically lasts five to 10 years, and you’ll generally only need to make interest payments during this time.
The repayment period usually lasts 10 to 20 years and requires making both interest and principal payments.

If you plan to repay your HELOC early, check your loan documents to ensure the lender doesn’t charge prepayment penalties.

Best uses for a HELOC loan

Home improvements. Using a HELOC to fund home improvements is a common and financially savvy way to leverage your home equity — especially when you’re making upgrades or renovations that increase your home’s value.

Debt consolidation. If you have high-interest debt such as credit cards, personal loans or auto loans, you can use home equity to consolidate those debts into a single, lower-interest loan. This can simplify your debt and reduce the overall interest you pay.

Medical expenses. Most of us will experience unexpected medical bills at some point in our lives. A HELOC can help you convert high-interest medical debt to a lower interest rate.

Why you can trust LendingTree with your HELOC

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.

Frequently asked questions about home equity lines of credit

Financial institutions that offer HELOC rate discounts include:

Bank of America

0.25% interest rate discount for setting up automatic payments from a Bank of America account
0.10% interest rate discount for each $10,000 withdrawn when you open the credit line (up to 1.50%)
0.125% to 0.625% interest rate discount for members of Bank of America’s Preferred Rewards program

Flagstar

0.25% interest rate discount for setting up automatic payments from a Flagstar account
To waive all lender closing fees if you keep the account open for at least 36 months

TD Bank

0.25% interest rate discount for setting up automatic payments from a TD Bank checking account

BMO Harris

0.25% interest rate discount for setting up automatic payments from a BMO account
0.25% to 0.625% interest rate discount for customers who also have at least $250,000 in depositor investment accounts at BMO

An interest-only HELOC can be a great way to access cash and enjoy low monthly payments for an initial period. However, once the draw period ends, your payments can skyrocket. That’s why it’s only a good idea to use an interest-only HELOC if you have a solid plan in place — one in which there’s no doubt that you can afford the monthly payments even if they adjust up to the rate cap.

If you’re not sure, ask your lender to help you crunch the numbers on your highest and lowest possible payments.

Yes, but you’ll likely pay a higher interest rate — that means your payment on the amount you draw will be higher than a comparable, variable-rate HELOC. You won’t have to worry about rising rates in the future, though, which is especially important if you’re living on a fixed income.

You’ll typically pay HELOC closing costs ranging from 2% to 5% of your credit line amount, though the fees will ultimately vary from lender to lender. Some of these expenses include:

Appraisal fee: Some HELOC lenders require an appraisal to verify your home’s value. Appraisal costs vary by location and property type (such as single-family or multifamily) but typically range from $300 to $500.
Origination fee: This fee covers the cost of processing your loan application and is typically a flat fee or a percentage of your loan amount, such as 1%.
Early withdrawal penalty: Closing your account too early may result in early termination charges, typically ranging from $0 to $500.

Some banks offer no-closing-cost options. However, you’ll likely have to link the payments and withdrawals to your checking account to take advantage of options like these. Watch out for other conditions on the no-cost options, too — they may come with rules about how long you have to keep the HELOC open.

There may be a slight drop in your score when you apply for a HELOC. However, if you apply with multiple lenders within a 45-day window, the credit checks usually count as one inquiry, according to the Consumer Financial Protection Bureau (CFPB).

How our home loan experts chose our best HELOC lenders

To determine the best HELOC lenders, we reviewed data collected from more than 30 lender reviews completed by the LendingTree editorial staff. Each lender review gives a rating between zero and five stars, based on several HELOC features, including home equity product features and variety, digital application processes and the availability of product and lending information online. To be eligible for a “best of” HELOC title, lenders must have a lender review rating of at least four stars.

We awarded extra points to lenders who:

Publish HELOC rates online
Provide detailed information about one or several different HELOC loan options
Offer a loan-to-value (LTV) ratio above the 85% industry standard
Offer fast closing options
Offer products with rate discounts or no closing costs

Our editorial team brought together the data from our lender reviews, as well as the scores awarded for HELOC-specific characteristics, to find the lenders with a product mix, information base and guidelines that best serve the needs of HELOC borrowers.

Back to best HELOC lenders

Helpful home equity line of credit resources

Cash-Out Refinance vs. Home Equity Loan or HELOC: Which is Better for You?

Home Equity Loan and HELOC Calculator

What To Know Before Your HELOC Draw Period Ends

How To Refinance a HELOC

Can You Get a Home Equity Loan With Bad Credit?

Home Equity Loan Requirements: What You’ll Need to Qualify

Home Equity Loan Rates and Lenders in August 2025

Is Home Equity Loan Interest Tax Deductible?

Compare Home Equity Line of Credit (HELOC) Rates in August 2025

Current $50k HELOC rates are as low as 6.99%. See your best HELOC rate offers today.

Current HELOC rates from LendingTree partners

Compare HELOC rates from top lenders in minutes