Best HELOC Rates and Lenders in Texas (2024)

Lower is the best HELOC lender in Texas. Its APR range from 8.75% to 13.5% and loan amounts from $15,000 to $500,000 cater to various needs. With a minimum credit score of 580, more homeowners can access equity. Transparency in conditions, such as no annual fees and an A+ BBB rating, confirms Lower supports smart financial decisions. Personalized assistance post-application ensures clarity for borrowers throughout the process.

Aven is the top pick for Texas homeowners seeking cost-effective HELOC options. Aven's product is a hybrid HELOC that operates like a credit card but shows up as a HELOC on your credit report. With APRs ranging from 7.99% to 15.49% and no annual fees, it's tailored for affordability. Plus, its autopay feature grants a 0.25% rate discount, emphasizing savings. Remember, a lower APR means less interest paid over time, which is favorable when budgeting is a priority.

In Texas, bad credit doesn't shut you out from getting a HELOC. Lower understands this, accepting credit scores starting at 580. With APRs ranging from 8.75% to 13.5%, it sets a cap that can prevent rates from skyrocketing. Although lower scores might influence terms, a minimum loan of $15,000 means homeowners can still tap into meaningful funding. Texas residents benefit from personalized support while managing their debt responsibly, even without prime credit. Plus, with no annual fees and an A+ rating from BBB, Lower offers a solid option for your home equity endeavors.

Bank of America is the best HELOC lender for large loan amounts in Texas. HELOCs are beneficial for funding high-cost needs like home renovations or medical expenses. With high loan limits of up to $1 million and repayment terms offering a 10-year draw period and a 20-year repayment period, it's suited for homeowners needing substantial funds. Bank of America ensures clients don't stress over annual fees. Homeowners in Texas can benefit from these features, making it easier to manage significant expenses without added costs. Additionally, the lack of application, annual fees and competitive discounts facilitates a more affordable line of credit.

PNC Bank is the best HELOC lender for Texans looking to consolidate debt like credit card or medical bills. A HELOC can replace high-interest debt with a loan that has a lower interest. This lender offers APRs from 8.22% to 14.5% and lets you borrow up to $1 million. It delivers funds swiftly, usually within three days after closing. Plus, it supports borrowers with financial hardship assistance and provides an online tracker to monitor application progress. Its product is a hybrid HELOC that functions like a credit card backed by your home equity but is reported as a HELOC to credit bureaus.