HELOC rates in Georgia rose from 4.2% in 2021 to 9.0% by late 2023, with a slight decrease to 8.8% in 2024. If this trend persists, homeowners may encounter higher borrowing costs, making it wise to consider locking in current rates.
Best HELOC Rates in Georgia
As of October 16, 2024, the best HELOC rate in Georgia is 4.0% from CGR Credit Union in Kathleen. This rate is much lower than the state and national averages, both at 8.7%.
Updated: November 9, 2024
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Key Takeaways
Higher loan-to-value (LTV) ratios lead to higher rates. The average APR for a HELOC in Georgia with an 80% LTV is 8.5%, compared with 8.9% for a 90% LTV.
HELOC rates vary by city in Georgia. Kathleen has an average APR of 6.3%, whereas Dexter's is 11.5%.
Different lenders offer varying rates for the same loan types. CGR Credit Union's average APR is 4.0%, whereas State Bank of Cochran's is 11.5%.
Current HELOC Rates in Georgia
HELOC Rates in Georgia by LTV Ratio
HELOC rates in Georgia vary depending on your loan-to-value (LTV) ratio and line limit. Lenders consider a lower LTV less risky because it means you have more equity in your home, reducing the chance of default on your HELOC. For example, an 80% LTV indicates you've borrowed less against your home's value than a 90% LTV.
The following table lets you filter between different loan amounts, offering a clearer view of what you may qualify for:
- $100,000
- $50,000
HELOC Rates in Georgia by City
HELOC rates in Georgia vary by city due to local housing markets and lender competition. For instance, a city with a stable real estate market might offer lower rates due to reduced lender risk.
Use the table below to filter by your city and see average APRs for $50K and $100K HELOCs.
- Acworth
- Adairsville
- Adel
- Alachua
- Albany
- Alpharetta
- Altamonte Springs
- Amelia Island
- Americus
- Apalachicola
- Apollo Beach
- Apopka
- Arcadia
- Ashburn
- Athens
- Atlanta
- Atlantic Beach
- Atlantis
- Auburn
- Auburndale
- Augusta
- Austell
- Aventura
- Avon Park
- Babcock Ranch
- Bainbridge
- Baker
- Bal Harbour
- Baldwin
- Barefoot Bay
- Bartow
- Baxley
- Bay Harbor Islands
- Bay Lake
- Bayonet Point
- Belle Glade
- Belleair Bluffs
- Belleview
- Beverly Hills
- Big Pine Key
- Blackshear
- Blairsville
- Blountstown
- Blue Ridge
- Boca Raton
- Bonifay
- Bonita Springs
- Boynton Beach
- Bradenton
- Brandon
- Braselton
- Bremen
- Bronson
- Brookhaven
- Brooklet
- Brooksville
- Broxton
- Brunswick
- Buchanan
- Buford
- Bushnell
- Cairo
- Calhoun
- Callahan
- Callaway
- Canton
- Cape Canaveral
- Cape Coral
- Carnesville
- Carrollton
- Cartersville
- Casselberry
- Cedar Key
- Cedartown
- Celebration
- Centerville
- Century
- Chamblee
- Champions Gate
- Chatsworth
- Chattahoochee
- Chickamauga
- Chiefland
- Chipley
- City of Westlake
- Clarkesville
- Clarkston
- Clayton
- Clearwater
- Clermont
- Cleveland
- Clewiston
- Cochran
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Colbert
- College Park
- Columbus
- Commerce
- Conyers
- Cooper City
- Coral Gables
- Coral Springs
- Cordele
- Cornelia
- Covington
- Crawfordville
- Crescent City
- Crestview
- Cross City
- Crystal River
- Cumming
- Cutler Bay
- Dacula
- Dade City
- Dahlonega
- Dallas
- Dalton
- Dania
- Danielsville
- Darien
- Davenport
- Davie
- Dawson
- Dawsonville
- Daytona Beach
- DeFuniak Springs
- DeLand
- Decatur
- Deerfield Beach
- Delray Beach
- Deltona
- Destin
- Dexter
- Donalsonville
- Doral
- Doraville
- Douglas
- Douglasville
- Dublin
- Duluth
- Dunedin
- Dunnellon
- Dunwoody
- East Point
- Eastman
- Eatonton
- Edgewater
- Eglin AFB
- Ellenton
- Ellenwood
- Ellijay
- Englewood
- Estero
- Euharlee
- Eustis
- Evans
- Fairburn
- Fayetteville
- Fellsmere
- Fern Park
- Fernandina Beach
- Fleming Island
- Florida City
- Flowery Branch
- Folkston
- Forest City
- Forest Park
- Forsyth
- Fort Eisenhower
- Fort Lauderdale
- Fort Moore
- Fort Myers
- Fort Oglethorpe
- Fort Pierce
- Fort Valley
- Fort Walton Beach
- Franklin
- Freeport
- Fruit Cove
- Fruitland Park
- Gainesville
- Gray
- Grayson
- Green Cove Springs
- Greenacres
- Greensboro
- Greenwood
- Griffin
- Groveland
- Grovetown
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Hampton
- Hartwell
- Haverhill
- Hawthorne
- Hazlehurst
- Heathrow
- Helen
- Hernando
- Hialeah
- Hialeah Gardens
- Hiawassee
- Hinesville
- Hiram
- Hogansville
- Holiday
- Hollywood
- Holmes Beach
- Homerville
- Homestead
- Homosassa Springs
- Hudson
- Hurlburt Field
- Immokalee
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Islamorada
- Jackson
- Jacksonville
- Jacksonville Beach
- Jasper
- Jefferson
- Jeffersonville
- Jensen Beach
- Jesup
- Johns Creek
- Jonesboro
- Jonesville
- Juno Beach
- Jupiter
- Kathleen
- Kennedy Space Center
- Kennesaw
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Kings Bay
- Kingsland
- Kissimmee
- LaGrange
- Labelle
- Lady Lake
- Lafayette
- Lake Buena Vista
- Lake City
- Lake Mary
- Lake Park
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakewood Ranch
- Land O' Lakes
- Lantana
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Lavonia
- Lawrenceville
- Leesburg
- Lehigh Acres
- Lighthouse Point
- Lilburn
- Lithia
- Lithonia
- Live Oak
- Locust Grove
- Loganville
- Longboat Key
- Longwood
- Loxahatchee
- Ludowici
- Lutz
- Lynn Haven
- Mableton
- MacClenny
- Macon
- Madison
- Maitland
- Manchester
- Marathon
- Marble Hill
- Marco Island
- Margate
- Marianna
- Marietta
- Martinez
- Mary Esther
- Mayport
- McCaysville
- McDonough
- McRae-Helena
- Melbourne
- Merritt Island
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Middleburg
- Middleton
- Midland
- Midway
- Milledgeville
- Milton
- Mims
- Miramar
- Miramar Beach
- Monroe
- Montezuma
- Monticello
- Moody AFB
- Morrow
- Moultrie
- Mount Dora
- Mulberry
- Nahunta
- Naples
- Nashville
- Navarre
- Neptune Beach
- New Port Richey
- New Smyrna Beach
- Newberry
- Newnan
- Newton
- Niceville
- Nokomis
- Norcross
- North Fort Myers
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- Oakland Park
- Oakwood
- Ocala
- Ocoee
- Odessa
- Okeechobee
- Old Town
- Oldsmar
- Orange City
- Orange Park
- Orlando
- Ormond Beach
- Oviedo
- Pace
- 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
- Peachtree City
- Peachtree Corners
- Pembroke
- Pembroke Park
- Pembroke Pines
- Pensacola
- Perry
- Pinecrest
- Pinellas Park
- Plant City
- Plantation
- Pompano Beach
- Ponte Vedra
- Ponte Vedra Beach
- Pooler
- Port Charlotte
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Powder Springs
- Punta Gorda
- Quincy
- Quitman
- Raiford
- Ray City
- Richmond Hill
- Rincon
- Ringgold
- Riverview
- Riviera Beach
- Robins AFB
- Rochelle
- Rockledge
- Rockmart
- Rome
- Rosemary Beach
- Roswell
- Royal Palm Beach
- Ruskin
- Safety Harbor
- Saint Augustine
- Saint Cloud
- Saint James City
- Saint Johns
- Saint Marys
- Saint Petersburg
- Saint Simons Island
- Sandy Springs
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Savannah
- Sebastian
- Sebring
- Seffner
- Seminole
- Senoia
- Shalimar
- Sharpsburg
- Silver Springs
- Smyrna
- Sneads
- Snellville
- South Daytona
- South Miami
- South Pasadena
- Southport
- Spring Hill
- Springfield
- Starke
- Statesboro
- Statham
- Steinhatchee
- Stockbridge
- Stuart
- Sugar Hill
- Summerfield
- Summerville
- Sun City Center
- Sunny Isles Beach
- Sunrise
- Suwanee
- Swainsboro
- Sylvester
- Tallahassee
- Tallapoosa
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Temple Terrace
- Tequesta
- The Villages
- Thomaston
- Thomasville
- Thomson
- Tierra Verde
- Tifton
- Titusville
- Toccoa
- Treasure Island
- Trenton
- Trinity
- Trion
- Tucker
- Tyndall AFB
- Union City
- University Park
- Valdosta
- Valrico
- Venice
- Vero Beach
- Viera
- Villa Rica
- Virginia Gardens
- Warner Robins
- Watkinsville
- Wauchula
- Waycross
- Wellington
- Wesley Chapel
- West Melbourne
- West Miami
- West Palm Beach
- West Point
- Weston
- Wildwood
- Williston
- Wilton Manors
- Wimauma
- Winder
- Windermere
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Woodbury
- Woodstock
- Wrightsville
- Young Harris
- Yulee
- Zephyrhills
HELOC Rates in Georgia by Lender
HELOC interest rates in Georgia vary among lenders, influenced by their pricing strategies and risk assessments. The table below highlights the five lenders in Georgia offering the lowest average APRs, helping you compare competitive rates.
CGR Credit Union | 4.0% |
First National Bank of Griffin | 7.0% |
LGE Community Credit Union | 7.0% |
Empeople Credit Union | 7.1% |
F&M Bank | 7.5% |
HELOC rates today can differ between lenders in the same city. Use the table below to filter by city and compare APRs, helping you find the best rate available in your area.
Explore the options to ensure you make an informed decision.
- Acworth
- Adairsville
- Adel
- Alachua
- Albany
- Alpharetta
- Altamonte Springs
- Amelia Island
- Americus
- Apalachicola
- Apollo Beach
- Apopka
- Arcadia
- Ashburn
- Athens
- Atlanta
- Atlantic Beach
- Atlantis
- Auburn
- Auburndale
- Augusta
- Austell
- Aventura
- Avon Park
- Babcock Ranch
- Bainbridge
- Baker
- Bal Harbour
- Baldwin
- Barefoot Bay
- Bartow
- Baxley
- Bay Harbor Islands
- Bay Lake
- Bayonet Point
- Belle Glade
- Belleair Bluffs
- Belleview
- Beverly Hills
- Big Pine Key
- Blackshear
- Blairsville
- Blountstown
- Blue Ridge
- Boca Raton
- Bonifay
- Bonita Springs
- Boynton Beach
- Bradenton
- Brandon
- Braselton
- Bremen
- Bronson
- Brookhaven
- Brooklet
- Brooksville
- Broxton
- Brunswick
- Buchanan
- Buford
- Bushnell
- Cairo
- Calhoun
- Callahan
- Callaway
- Canton
- Cape Canaveral
- Cape Coral
- Carnesville
- Carrollton
- Cartersville
- Casselberry
- Cedar Key
- Cedartown
- Celebration
- Centerville
- Century
- Chamblee
- Champions Gate
- Chatsworth
- Chattahoochee
- Chickamauga
- Chiefland
- Chipley
- City of Westlake
- Clarkesville
- Clarkston
- Clayton
- Clearwater
- Clermont
- Cleveland
- Clewiston
- Cochran
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Colbert
- College Park
- Columbus
- Commerce
- Conyers
- Cooper City
- Coral Gables
- Coral Springs
- Cordele
- Cornelia
- Covington
- Crawfordville
- Crescent City
- Crestview
- Cross City
- Crystal River
- Cumming
- Cutler Bay
- Dacula
- Dade City
- Dahlonega
- Dallas
- Dalton
- Dania
- Danielsville
- Darien
- Davenport
- Davie
- Dawson
- Dawsonville
- Daytona Beach
- DeFuniak Springs
- DeLand
- Decatur
- Deerfield Beach
- Delray Beach
- Deltona
- Destin
- Dexter
- Donalsonville
- Doral
- Doraville
- Douglas
- Douglasville
- Dublin
- Duluth
- Dunedin
- Dunnellon
- Dunwoody
- East Point
- Eastman
- Eatonton
- Edgewater
- Eglin AFB
- Ellenton
- Ellenwood
- Ellijay
- Englewood
- Estero
- Euharlee
- Eustis
- Evans
- Fairburn
- Fayetteville
- Fellsmere
- Fern Park
- Fernandina Beach
- Fleming Island
- Florida City
- Flowery Branch
- Folkston
- Forest City
- Forest Park
- Forsyth
- Fort Eisenhower
- Fort Lauderdale
- Fort Moore
- Fort Myers
- Fort Oglethorpe
- Fort Pierce
- Fort Valley
- Fort Walton Beach
- Franklin
- Freeport
- Fruit Cove
- Fruitland Park
- Gainesville
- Gray
- Grayson
- Green Cove Springs
- Greenacres
- Greensboro
- Greenwood
- Griffin
- Groveland
- Grovetown
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Hampton
- Hartwell
- Haverhill
- Hawthorne
- Hazlehurst
- Heathrow
- Helen
- Hernando
- Hialeah
- Hialeah Gardens
- Hiawassee
- Hinesville
- Hiram
- Hogansville
- Holiday
- Hollywood
- Holmes Beach
- Homerville
- Homestead
- Homosassa Springs
- Hudson
- Hurlburt Field
- Immokalee
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Islamorada
- Jackson
- Jacksonville
- Jacksonville Beach
- Jasper
- Jefferson
- Jeffersonville
- Jensen Beach
- Jesup
- Johns Creek
- Jonesboro
- Jonesville
- Juno Beach
- Jupiter
- Kathleen
- Kennedy Space Center
- Kennesaw
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Kings Bay
- Kingsland
- Kissimmee
- LaGrange
- Labelle
- Lady Lake
- Lafayette
- Lake Buena Vista
- Lake City
- Lake Mary
- Lake Park
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakewood Ranch
- Land O' Lakes
- Lantana
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Lavonia
- Lawrenceville
- Leesburg
- Lehigh Acres
- Lighthouse Point
- Lilburn
- Lithia
- Lithonia
- Live Oak
- Locust Grove
- Loganville
- Longboat Key
- Longwood
- Loxahatchee
- Ludowici
- Lutz
- Lynn Haven
- Mableton
- MacClenny
- Macon
- Madison
- Maitland
- Manchester
- Marathon
- Marble Hill
- Marco Island
- Margate
- Marianna
- Marietta
- Martinez
- Mary Esther
- Mayport
- McCaysville
- McDonough
- McRae-Helena
- Melbourne
- Merritt Island
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Middleburg
- Middleton
- Midland
- Midway
- Milledgeville
- Milton
- Mims
- Miramar
- Miramar Beach
- Monroe
- Montezuma
- Monticello
- Moody AFB
- Morrow
- Moultrie
- Mount Dora
- Mulberry
- Nahunta
- Naples
- Nashville
- Navarre
- Neptune Beach
- New Port Richey
- New Smyrna Beach
- Newberry
- Newnan
- Newton
- Niceville
- Nokomis
- Norcross
- North Fort Myers
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- Oakland Park
- Oakwood
- Ocala
- Ocoee
- Odessa
- Okeechobee
- Old Town
- Oldsmar
- Orange City
- Orange Park
- Orlando
- Ormond Beach
- Oviedo
- Pace
- 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
- Peachtree City
- Peachtree Corners
- Pembroke
- Pembroke Park
- Pembroke Pines
- Pensacola
- Perry
- Pinecrest
- Pinellas Park
- Plant City
- Plantation
- Pompano Beach
- Ponte Vedra
- Ponte Vedra Beach
- Pooler
- Port Charlotte
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Powder Springs
- Punta Gorda
- Quincy
- Quitman
- Raiford
- Ray City
- Richmond Hill
- Rincon
- Ringgold
- Riverview
- Riviera Beach
- Robins AFB
- Rochelle
- Rockledge
- Rockmart
- Rome
- Rosemary Beach
- Roswell
- Royal Palm Beach
- Ruskin
- Safety Harbor
- Saint Augustine
- Saint Cloud
- Saint James City
- Saint Johns
- Saint Marys
- Saint Petersburg
- Saint Simons Island
- Sandy Springs
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Savannah
- Sebastian
- Sebring
- Seffner
- Seminole
- Senoia
- Shalimar
- Sharpsburg
- Silver Springs
- Smyrna
- Sneads
- Snellville
- South Daytona
- South Miami
- South Pasadena
- Southport
- Spring Hill
- Springfield
- Starke
- Statesboro
- Statham
- Steinhatchee
- Stockbridge
- Stuart
- Sugar Hill
- Summerfield
- Summerville
- Sun City Center
- Sunny Isles Beach
- Sunrise
- Suwanee
- Swainsboro
- Sylvester
- Tallahassee
- Tallapoosa
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Temple Terrace
- Tequesta
- The Villages
- Thomaston
- Thomasville
- Thomson
- Tierra Verde
- Tifton
- Titusville
- Toccoa
- Treasure Island
- Trenton
- Trinity
- Trion
- Tucker
- Tyndall AFB
- Union City
- University Park
- Valdosta
- Valrico
- Venice
- Vero Beach
- Viera
- Villa Rica
- Virginia Gardens
- Warner Robins
- Watkinsville
- Wauchula
- Waycross
- Wellington
- Wesley Chapel
- West Melbourne
- West Miami
- West Palm Beach
- West Point
- Weston
- Wildwood
- Williston
- Wilton Manors
- Wimauma
- Winder
- Windermere
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Woodbury
- Woodstock
- Wrightsville
- Young Harris
- Yulee
- Zephyrhills
HELOC rates in Georgia vary between banks and credit unions, with commercial banks typically offering higher rates. Currently, the best HELOC rate for commercial banks in Georgia is 8.9%, compared to an average APR of 8.5% offered by credit unions. Credit unions are not-for-profit institutions, which allows them to provide slightly lower rates.
When deciding between the two, consider more than just rates. Banks might offer more convenience, while credit unions often provide better customer service and lower fees. It's also important to check membership requirements for credit unions and any hidden fees or rate adjustment clauses with both lenders.
What are the common fees or costs associated with HELOCs that borrowers should be aware of, and how do these affect the overall cost of borrowing?
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...
Most banks and credit unions charge little to no fees when getting a HELOC. Typically, you will pay the cost of the appraisal — anywhere from $150 to $450 depending on the type of appraisal done. But closing costs are usually covered by the bank or credit union. This is why it’s best to shop around with at least three different lenders when applying for a HELOC to compare not only the rates but also any costs involved. Getting a rate that is 0.25% lower but having to pay a couple thousand dollars in costs may not make financial sense.
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 Georgia HELOC payment calculator to determine your monthly payments based on the amount drawn, APR and loan terms.
Our calculator also provides an amortization schedule, detailing the division of payments between principal and interest over time. Understanding these details can help you manage your HELOC and your finances more effectively.
Georgia 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
Draw Period Payment
$0
Repayment Period Payment
$0
- Graph view
- Table view
- Amortization
Credit Payoff Schedule for Home Equity Line
YEAR
How to Get the Best HELOC Rates in Georgia
Finding the best HELOC rates in Georgia can lead to substantial savings over your loan's duration.
Consider these five strategies to secure the most competitive rate:
Maintain a strong credit score
The average credit score in Georgia is 695. Improving it can help secure better rates from lenders.
Compare offers from multiple lenders
Shopping around can reveal competitive rates and help you negotiate better terms.
Reduce your debt-to-income (DTI) ratio
Lower debt-to-income (DTI) ratios show financial stability. Paying off credit card debt can help.
Increase your home equity
More equity reduces lender risk. Paying down your mortgage or making home improvements can help.
Review closing costs and rate caps
Closing costs affect expenses. Understanding rate caps helps manage HELOC adjustments.
HELOC Loan Rates vs. Home Equity Loan Rates in Georgia
HELOC interest rates in Georgia average 8.7%, while home equity loan rates are slightly lower at 8.2%. This difference stems from their rate structures, with HELOCs featuring variable rates that can fluctuate with market conditions, leading to higher average APRs.
HELOCs are flexible, revolving credit lines with variable interest rates. In rising interest rate environments, HELOC rates can increase, affecting long-term finances for homeowners.
Home equity loans provide a lump sum at a fixed interest rate, offering stability throughout the loan term. They are preferable in situations where financial predictability is desired.
When deciding between these options, consider whether you value the flexibility of a HELOC or the predictability of a home equity loan. Assessing your home's equity can also guide your decision.
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, if you have a loan backed by the Federal Housing Administration (FHA) and your home is valued at $300K with a $150K mortgage balance, an FHA cash-out refinance for $200K could give you $50K in cash, but your new loan payments will be based on $200K.
FAQ: Best HELOC Rates in Georgia
The average HELOC rate in Georgia is 8.7%, which is the same as the national average.
Common fees include application fees, appraisal fees, annual fees and early closure fees, but specifics vary by lender.
Georgia's HELOC rates average 8.7%, while home equity loan rates are lower at 8.2%, particularly beneficial for those with bad credit.
Commercial banks in Georgia offer HELOC rates averaging 8.9%, while credit unions offer lower rates at 8.5%.
Atlanta's rates average 8.8%, slightly higher than the Georgia average of 8.7%.
MoneyGeek examined 82 different banks and credit unions in Georgia 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.