HELOC rates in Arizona increased from 4.5% in early 2021 to 9.1% by October 2024 for $50k loans, and from 4.5% to 9% for $100k loans. If this trend continues, homeowners might face higher borrowing costs; consider locking in rates now.
Best HELOC Rates in Arizona
As of October 16, 2024, the best HELOC rate in Arizona is 7.8% from Tradition Capital Bank in Scottsdale, lower than the state average of 9% and the national average of 8.7%.
Updated: November 2, 2024
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Key Takeaways
Higher loan-to-value (LTV) ratios lead to higher rates. The average APR for a HELOC in Arizona with an 80% LTV is 8.8%, compared with 9.3% for a 90% LTV.
HELOC rates vary by city in Arizona. Springerville has an average APR of 8.3%, whereas Litchfield Park's is 10.5%.
Different lenders offer varying rates for the same loan types. Tradition Capital Bank's average APR is 7.8%, whereas PNC Bank's is 11%.
Current HELOC Rates in Arizona
HELOC Rates in Arizona by LTV Ratio
HELOC rates in Arizona depend on your loan-to-value (LTV) ratio and line limit. A lower LTV ratio indicates more equity and less risk for lenders, often leading to lower rates. For example, with an 80% LTV, you’ve borrowed less against your home’s value compared with a 90% LTV, making you less likely to default on your HELOC.
The following table lets you filter between different loan amounts, offering a clearer view of what you may qualify for:
- $100,000
- $50,000
8.8% | 9.3% |
HELOC Rates in Arizona by City
HELOC rates in Arizona vary by city due to local housing market conditions and lender competition. For instance, cities with robust real estate markets may offer lower rates.
Use the table below to filter by your city and see average APRs for $50K and $100K HELOCs.
- Ajo
- Alachua
- Altamonte Springs
- Amelia Island
- Anthem
- Apache Junction
- Apalachicola
- Apollo Beach
- Apopka
- Arcadia
- Atlantic Beach
- Atlantis
- Auburndale
- Aventura
- Avon Park
- Avondale
- Babcock Ranch
- Baker
- Bal Harbour
- Baldwin
- Barefoot Bay
- Bartow
- Bay Harbor Islands
- Bay Lake
- Bayonet Point
- Belle Glade
- Belleair Bluffs
- Belleview
- Benson
- Beverly Hills
- Big Pine Key
- Bisbee
- Blountstown
- Boca Raton
- Bonifay
- Bonita Springs
- Boynton Beach
- Bradenton
- Brandon
- Bronson
- Brooksville
- Buckeye
- Bullhead City
- Bushnell
- Callahan
- Callaway
- Camp Verde
- Cape Canaveral
- Cape Coral
- Carefree
- Casa Grande
- Casselberry
- Catalina
- Cave Creek
- Cedar Key
- Celebration
- Century
- Champions Gate
- Chandler
- Chattahoochee
- Chiefland
- Chino Valley
- Chipley
- City of Westlake
- Clearwater
- Clermont
- Clewiston
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Coolidge
- Cooper City
- Coral Gables
- Coral Springs
- Cottonwood
- Crawfordville
- Crescent City
- Crestview
- Cross City
- Crystal River
- Cutler Bay
- Dade City
- Dania
- Davenport
- Davie
- Daytona Beach
- DeFuniak Springs
- DeLand
- Deerfield Beach
- Delray Beach
- Deltona
- Destin
- Doral
- Douglas
- Dunedin
- Dunnellon
- Eagar
- Edgewater
- Eglin AFB
- El Mirage
- Ellenton
- Eloy
- Englewood
- Estero
- Eustis
- Fellsmere
- Fern Park
- Fernandina Beach
- Flagstaff
- Fleming Island
- Florence
- Florida City
- Forest City
- Fort Huachuca
- Fort Lauderdale
- Fort Mohave
- Fort Myers
- Fort Pierce
- Fort Walton Beach
- Fountain Hills
- Freeport
- Fruit Cove
- Fruitland Park
- Gainesville
- Gilbert
- Glendale
- Globe
- Goodyear
- Green Cove Springs
- Green Valley
- Greenacres
- Greenwood
- Groveland
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Haverhill
- Hawthorne
- Heathrow
- Hernando
- Hialeah
- Hialeah Gardens
- Holbrook
- Holiday
- Hollywood
- Holmes Beach
- Homestead
- Homosassa Springs
- Hudson
- Hurlburt Field
- Immokalee
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Islamorada
- Jacksonville
- Jacksonville Beach
- Jensen Beach
- Jonesville
- Juno Beach
- Jupiter
- Kearny
- Kennedy Space Center
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Kingman
- Kissimmee
- Labelle
- Lady Lake
- Lake Buena Vista
- Lake City
- Lake Havasu City
- Lake Mary
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakewood Ranch
- Land O' Lakes
- Lantana
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Laveen
- Leesburg
- Lehigh Acres
- Lighthouse Point
- Litchfield Park
- Lithia
- Live Oak
- Longboat Key
- Longwood
- Loxahatchee
- Luke AFB
- Lutz
- Lynn Haven
- MacClenny
- Maitland
- Marana
- Marathon
- Marco Island
- Margate
- Marianna
- Maricopa
- Mary Esther
- Mayer
- Mayport
- Melbourne
- Merritt Island
- Mesa
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Middleburg
- Middleton
- Milton
- Mims
- Miramar
- Miramar Beach
- Monticello
- Morenci
- Mount Dora
- Mulberry
- Naples
- Navarre
- Neptune Beach
- New Port Richey
- New Smyrna Beach
- Newberry
- Niceville
- Nogales
- Nokomis
- North Fort Myers
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- Oakland Park
- Ocala
- Ocoee
- Odessa
- Okeechobee
- Old Town
- Oldsmar
- Orange City
- Orange Park
- Orlando
- Ormond Beach
- Oro Valley
- Overgaard
- Oviedo
- Pace
- Page
- Pahokee
- Palatka
- Palm Bay
- Palm Beach
- Palm Beach Gardens
- Palm City
- Palm Coast
- Palm Harbor
- Palm Springs
- Palmetto
- Palmetto Bay
- Panama City
- Panama City Beach
- Parker
- Parrish
- Patrick AFB
- Payson
- Pembroke Park
- Pembroke Pines
- Pensacola
- Peoria
- Perry
- Phoenix
- Pinecrest
- Pinellas Park
- Pinetop
- Plant City
- Plantation
- Pompano Beach
- Ponte Vedra
- Ponte Vedra Beach
- Port Charlotte
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Prescott
- Prescott Valley
- Punta Gorda
- Quartzsite
- Queen Creek
- Quincy
- Raiford
- Riverview
- Riviera Beach
- Rockledge
- Rosemary Beach
- Royal Palm Beach
- Ruskin
- Safety Harbor
- Safford
- Sahuarita
- Saint Augustine
- Saint Cloud
- Saint James City
- Saint Johns
- Saint Petersburg
- San Tan Valley
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Scottsdale
- Sebastian
- Sebring
- Sedona
- Seffner
- Seminole
- Shalimar
- Show Low
- Sierra Vista
- Silver Springs
- Sneads
- Snowflake
- Sonoita
- South Daytona
- South Miami
- South Pasadena
- Southport
- Spring Hill
- Springerville
- Starke
- Steinhatchee
- Stuart
- Summerfield
- Sun City
- Sun City Center
- Sun City West
- Sunny Isles Beach
- Sunrise
- Superior
- Surprise
- Tallahassee
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Tempe
- Temple Terrace
- Tequesta
- Thatcher
- The Villages
- Tierra Verde
- Titusville
- Tolleson
- Tombstone
- Treasure Island
- Trenton
- Trinity
- Tucson
- Tyndall AFB
- University Park
- Valrico
- Venice
- Vero Beach
- Viera
- Virginia Gardens
- Wauchula
- Wellington
- Wellton
- Wesley Chapel
- West Melbourne
- West Miami
- West Palm Beach
- Weston
- Wickenburg
- Wildwood
- Williams
- Williston
- Wilton Manors
- Wimauma
- Windermere
- Winslow
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Yulee
- Yuma
- Zephyrhills
$100,000 | 9.0% |
$50,000 | 9.1% |
HELOC Rates in Arizona by Lender
HELOC interest rates in Arizona fluctuate across lenders due to varying pricing strategies and risk assessments. The table below highlights the five lenders in Arizona offering the lowest average APRs, helping you compare competitive rates.
Tradition Capital Bank | 7.8% |
TruGrocer Federal Credit Union | 8.0% |
BOKF | 8.1% |
Alliant Credit Union | 8.3% |
Banner Federal Credit Union | 8.3% |
HELOC rates today can differ among lenders within the same city. Use the table below to filter lenders by city to compare average APRs and find the best rate in your area.
- Ajo
- Alachua
- Altamonte Springs
- Amelia Island
- Anthem
- Apache Junction
- Apalachicola
- Apollo Beach
- Apopka
- Arcadia
- Atlantic Beach
- Atlantis
- Auburndale
- Aventura
- Avon Park
- Avondale
- Babcock Ranch
- Baker
- Bal Harbour
- Baldwin
- Barefoot Bay
- Bartow
- Bay Harbor Islands
- Bay Lake
- Bayonet Point
- Belle Glade
- Belleair Bluffs
- Belleview
- Benson
- Beverly Hills
- Big Pine Key
- Bisbee
- Blountstown
- Boca Raton
- Bonifay
- Bonita Springs
- Boynton Beach
- Bradenton
- Brandon
- Bronson
- Brooksville
- Buckeye
- Bullhead City
- Bushnell
- Callahan
- Callaway
- Camp Verde
- Cape Canaveral
- Cape Coral
- Carefree
- Casa Grande
- Casselberry
- Catalina
- Cave Creek
- Cedar Key
- Celebration
- Century
- Champions Gate
- Chandler
- Chattahoochee
- Chiefland
- Chino Valley
- Chipley
- City of Westlake
- Clearwater
- Clermont
- Clewiston
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Coolidge
- Cooper City
- Coral Gables
- Coral Springs
- Cottonwood
- Crawfordville
- Crescent City
- Crestview
- Cross City
- Crystal River
- Cutler Bay
- Dade City
- Dania
- Davenport
- Davie
- Daytona Beach
- DeFuniak Springs
- DeLand
- Deerfield Beach
- Delray Beach
- Deltona
- Destin
- Doral
- Douglas
- Dunedin
- Dunnellon
- Eagar
- Edgewater
- Eglin AFB
- El Mirage
- Ellenton
- Eloy
- Englewood
- Estero
- Eustis
- Fellsmere
- Fern Park
- Fernandina Beach
- Flagstaff
- Fleming Island
- Florence
- Florida City
- Forest City
- Fort Huachuca
- Fort Lauderdale
- Fort Mohave
- Fort Myers
- Fort Pierce
- Fort Walton Beach
- Fountain Hills
- Freeport
- Fruit Cove
- Fruitland Park
- Gainesville
- Gilbert
- Glendale
- Globe
- Goodyear
- Green Cove Springs
- Green Valley
- Greenacres
- Greenwood
- Groveland
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Haverhill
- Hawthorne
- Heathrow
- Hernando
- Hialeah
- Hialeah Gardens
- Holbrook
- Holiday
- Hollywood
- Holmes Beach
- Homestead
- Homosassa Springs
- Hudson
- Hurlburt Field
- Immokalee
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Islamorada
- Jacksonville
- Jacksonville Beach
- Jensen Beach
- Jonesville
- Juno Beach
- Jupiter
- Kearny
- Kennedy Space Center
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Kingman
- Kissimmee
- Labelle
- Lady Lake
- Lake Buena Vista
- Lake City
- Lake Havasu City
- Lake Mary
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakewood Ranch
- Land O' Lakes
- Lantana
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Laveen
- Leesburg
- Lehigh Acres
- Lighthouse Point
- Litchfield Park
- Lithia
- Live Oak
- Longboat Key
- Longwood
- Loxahatchee
- Luke AFB
- Lutz
- Lynn Haven
- MacClenny
- Maitland
- Marana
- Marathon
- Marco Island
- Margate
- Marianna
- Maricopa
- Mary Esther
- Mayer
- Mayport
- Melbourne
- Merritt Island
- Mesa
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Middleburg
- Middleton
- Milton
- Mims
- Miramar
- Miramar Beach
- Monticello
- Morenci
- Mount Dora
- Mulberry
- Naples
- Navarre
- Neptune Beach
- New Port Richey
- New Smyrna Beach
- Newberry
- Niceville
- Nogales
- Nokomis
- North Fort Myers
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- Oakland Park
- Ocala
- Ocoee
- Odessa
- Okeechobee
- Old Town
- Oldsmar
- Orange City
- Orange Park
- Orlando
- Ormond Beach
- Oro Valley
- Overgaard
- Oviedo
- Pace
- Page
- Pahokee
- Palatka
- Palm Bay
- Palm Beach
- Palm Beach Gardens
- Palm City
- Palm Coast
- Palm Harbor
- Palm Springs
- Palmetto
- Palmetto Bay
- Panama City
- Panama City Beach
- Parker
- Parrish
- Patrick AFB
- Payson
- Pembroke Park
- Pembroke Pines
- Pensacola
- Peoria
- Perry
- Phoenix
- Pinecrest
- Pinellas Park
- Pinetop
- Plant City
- Plantation
- Pompano Beach
- Ponte Vedra
- Ponte Vedra Beach
- Port Charlotte
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Prescott
- Prescott Valley
- Punta Gorda
- Quartzsite
- Queen Creek
- Quincy
- Raiford
- Riverview
- Riviera Beach
- Rockledge
- Rosemary Beach
- Royal Palm Beach
- Ruskin
- Safety Harbor
- Safford
- Sahuarita
- Saint Augustine
- Saint Cloud
- Saint James City
- Saint Johns
- Saint Petersburg
- San Tan Valley
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Scottsdale
- Sebastian
- Sebring
- Sedona
- Seffner
- Seminole
- Shalimar
- Show Low
- Sierra Vista
- Silver Springs
- Sneads
- Snowflake
- Sonoita
- South Daytona
- South Miami
- South Pasadena
- Southport
- Spring Hill
- Springerville
- Starke
- Steinhatchee
- Stuart
- Summerfield
- Sun City
- Sun City Center
- Sun City West
- Sunny Isles Beach
- Sunrise
- Superior
- Surprise
- Tallahassee
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Tempe
- Temple Terrace
- Tequesta
- Thatcher
- The Villages
- Tierra Verde
- Titusville
- Tolleson
- Tombstone
- Treasure Island
- Trenton
- Trinity
- Tucson
- Tyndall AFB
- University Park
- Valrico
- Venice
- Vero Beach
- Viera
- Virginia Gardens
- Wauchula
- Wellington
- Wellton
- Wesley Chapel
- West Melbourne
- West Miami
- West Palm Beach
- Weston
- Wickenburg
- Wildwood
- Williams
- Williston
- Wilton Manors
- Wimauma
- Windermere
- Winslow
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Yulee
- Yuma
- Zephyrhills
BOKF | Commercial Bank | 8.1% |
Pima Federal Credit Union | Credit Union | 8.3% |
Umpqua Bank | Commercial Bank | 8.3% |
Banner Federal Credit Union | Credit Union | 8.3% |
American Airlines Federal Credit Union | Credit Union | 8.5% |
Notre Dame Federal Credit Union Corporation | Credit Union | 8.5% |
Vantage West Credit Union | Credit Union | 8.5% |
Western Alliance Bank | Commercial Bank | 8.5% |
Western State Bank | Commercial Bank | 8.5% |
First National Bank Texas | Commercial Bank | 8.5% |
Iowa State Bank | Commercial Bank | 8.5% |
Mayo Employees Federal Credit Union | Credit Union | 8.5% |
OneAZ Credit Union | Credit Union | 8.6% |
Bankers Trust Company | Commercial Bank | 8.8% |
UMB Bank | Commercial Bank | 9.0% |
AERO Federal Credit Union | Credit Union | 9.0% |
Copper State Credit Union | Credit Union | 9.0% |
Desert Financial Credit Union | Credit Union | 9.0% |
Mountain America Federal Credit Union | Credit Union | 9.0% |
Busey Bank | Commercial Bank | 9.1% |
BMO BANK NATIONAL ASSOCIATION | Commercial Bank | 9.2% |
Arizona Financial Credit Union | Credit Union | 9.3% |
Credit Union West | Credit Union | 9.3% |
Zions Bancorporation | Commercial Bank | 9.3% |
U.S. Bank National Association | Commercial Bank | 9.5% |
Farmers Insurance Group Federal Credit Union | Credit Union | 9.5% |
Southwest Airlines Federal Credit Union | Credit Union | 9.5% |
Global Federal Credit Union | Credit Union | 9.5% |
Navy Federal Credit Union | Credit Union | 9.6% |
Bank of America | Commercial Bank | 10.4% |
Meadows Bank | Commercial Bank | 10.5% |
PNC Bank | Commercial Bank | 11.0% |
HELOC rates in Arizona vary between banks and credit unions, with commercial banks typically offering higher rates. Currently, the best HELOC rate among commercial banks in Arizona averages 9%, while credit unions offer a slightly lower average of 8.9%. Credit unions, being not-for-profit institutions, generally provide more competitive rates than traditional banks.
When choosing between the two, consider more than just rates. Banks may offer more convenience, but credit unions often have better customer service and lower fees. Also check membership requirements for credit unions and any hidden fees or rate adjustment clauses with both lenders.
How do lenders assess risk when setting HELOC rates for different property types (e.g., primary residence vs. investment property), and how can borrowers mitigate higher rates for non-primary homes?
Ramsey Coulter has worked in the mortgage and credit industry for over 10 years. Currently a mortgage loan originator with CMG Home Loans, he specializes in helping first-time homebuyers navigate...
All loans are about risk. The higher the risk, the higher your rate will be. With investment properties or second homes, since they are not your primary residence the risk is inherently higher in the eyes of the lender — for example, if someone falls on hard times, they are more likely to continue making timely payments on the home they live in rather than an investment or second home.
Usually, if you are taking a HELOC on an investment property, you are using those funds to improve the property or using it to buy another investment property. Having access to cash to make more cash is what investors do. They should always take into account the higher rates when making an investment decision. If successful, the higher rate won't be a problem.
HELOC Payment Calculator
HELOCs have become a popular tool for homeowners across the U.S. looking to tap into their home's equity. Use our Arizona HELOC payment calculator to determine your monthly payments based on the amount drawn, APR and loan terms. Our calculator also provides a full amortization schedule, showing how much goes toward interest and principal over time. Understanding these details can help you manage your HELOC and plan for future payments.
Arizona HELOC Payoff Calculator
This HELOC payment calculator assumes that you take out one lump sum at the start of your interest-only period. Your actual payoff schedule will vary depending on your interest rate and market conditions.
Credit Line Information
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Repayment Period Payment
$0
- Graph view
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- Amortization
Credit Payoff Schedule for Home Equity Line
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How to Get the Best HELOC Rates in Arizona
Finding the best HELOC rates in Arizona can help you save thousands over the life of your loan. To secure the most competitive rate, consider these five strategies:
Maintain a strong credit score
Arizona's average credit score is 713. Improving it can help secure better rates. Aim for 720 or higher for more competitive offers.
Compare offers from multiple lenders
Settling for the first offer you receive may be costly. By shopping around, you can find competitive rates and even use offers to negotiate better terms.
Reduce your debt-to-income (DTI) ratio
Lenders favor borrowers with lower debt-to-income (DTI) ratios because it shows financial stability. Reducing your debt can make you a more attractive candidate for a lower rate.
Increase your home equity
The more equity you have, the less risk the lender assumes, which can lead to a lower rate. Paying down your mortgage or making home improvements can increase your equity.
Review closing costs and rate caps
Some lenders charge closing costs between 2% and 5%, whereas others don't. Compare rate caps to limit your costs as rates adjust over time.
HELOC Loan Rates vs. Home Equity Loan Rates in Arizona
HELOC interest rates in Arizona average 9%, slightly higher than the 8% average for home equity loans. This difference is due to their rate structures, which influence the average APRs.
- HELOCs are flexible, revolving credit lines with variable interest rates that fluctuate based on market conditions. HELOC rates can therefore increase over time, contributing to higher average APRs, especially in rising rising interest rate environments.
- Home equity loans provide a lump sum at a fixed rate, which stays consistent throughout the loan term. This predictability results in more stable APRs, making home equity loans a better choice for those seeking financial certainty.
Both options let you borrow against your home's equity, but your decision depends on whether you value the flexibility of a HELOC or the predictability of a home equity loan.
A cash-out refinance is a HELOC alternative that replaces your existing mortgage with a new, larger loan, allowing you to access cash. Unlike HELOCs or home equity loans, cash-out refinances create a new primary mortgage.
For instance, with a Federal Housing Administration (FHA)-backed mortgage, if your home is worth $300K with a $150K balance, an FHA cash-out refinance for $200K offers $50K in cash, but payments are based on $200K.
FAQ: Best HELOC Rates in Arizona
The average Arizona's HELOC rates are 9.0%, slightly higher than the national average of 8.7%.
Common fees include application fees, appraisal fees, annual fees and early closure fees, but specifics vary by lender.
HELOC rates in Arizona average 9.0%, while home equity loan rates are lower at 8.0%, even for those with bad credit.
Commercial banks in Arizona offer HELOC rates averaging 9.0%, while credit unions offer lower rates at 8.9%.
The average HELOC rate in Arizona is 9%, which is the same as Phoenix's rates.
MoneyGeek examined 55 different banks and credit unions in Arizona using S&P Global's SNL Depository Rates dataset to stay current on the latest home equity line of credit rates.
This data is accurate as of October 16, 2024.
About Zachary Romeo, CBCA
Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.
Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.