HELOC rates in Louisiana rose from 4.3% in 2021 to 8.6% by October 2024. If this trend persists, borrowing costs may increase further. Homeowners considering a HELOC might benefit from securing a rate now.
Best HELOC Rates in Louisiana
As of October 16, 2024, the best HELOC rate in Louisiana is 5.5% from First National Bank in DeRidder in Lake Charles, much lower than the state average of 8.6% 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 Louisiana with an 80% LTV is 8.6%, compared with 8.7% for a 90% LTV.
HELOC rates vary by city in Louisiana. Jackson has an average APR of 7.8%, whereas Walker's is 10.9%.
Different lenders offer varying rates for the same loan types. First National Bank in DeRidder's average APR is 5.5%, whereas Bossier Federal Credit Union's is 12.5%.
Current HELOC Rates in Louisiana
HELOC Rates in Louisiana by LTV Ratio
HELOC rates in Louisiana can vary based on your loan-to-value ratio and line limit. Lenders view a lower LTV as less risky, so with an 80% LTV, you borrow less against your home's value than with a 90% LTV, reducing the risk of default on your HELOC.
The table below allows you to filter between different loan amounts, providing a clearer picture of what you may qualify for.
- $100,000
- $50,000
8.6% | 8.7% |
HELOC Rates in Louisiana by City
HELOC rates in Louisiana vary by city due to local housing markets and lender competition. For example, cities with strong real estate markets might offer lower rates, reducing lender risk.
Use the table below to filter by your city and see average APRs for $50K and $100K HELOCs.
- Abita Springs
- Addis
- Alachua
- Albany
- Alexandria
- Altamonte Springs
- Amelia Island
- Amite
- Apalachicola
- Apollo Beach
- Apopka
- Arcadia
- Atlantic Beach
- Atlantis
- Auburndale
- Aventura
- Avon Park
- Babcock Ranch
- Baker
- Bal Harbour
- Baldwin
- Ball
- Barefoot Bay
- Barksdale AFB
- Bartow
- Bastrop
- Baton Rouge
- Bay Harbor Islands
- Bay Lake
- Bayonet Point
- Belle Chasse
- Belle Glade
- Belleair Bluffs
- Belleview
- Benton
- Beverly Hills
- Big Pine Key
- Blanchard
- Blountstown
- Boca Raton
- Bogalusa
- Bonifay
- Bonita Springs
- Bossier City
- Boynton Beach
- Bradenton
- Brandon
- Breaux Bridge
- Bronson
- Brooksville
- Broussard
- Brusly
- Bushnell
- Callahan
- Callaway
- Cape Canaveral
- Cape Coral
- Carencro
- Casselberry
- Castor
- Cedar Key
- Celebration
- Century
- Chalmette
- Champions Gate
- Chattahoochee
- Chauvin
- Chiefland
- Chipley
- Choudrant
- Church Point
- City of Westlake
- Clearwater
- Clermont
- Clewiston
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Columbia
- Cooper City
- Coral Gables
- Coral Springs
- Cotton Valley
- Covington
- Crawfordville
- Crescent City
- Crestview
- Cross City
- Crowley
- Crystal River
- Cut Off
- Cutler Bay
- Dade City
- Dania
- Davenport
- Davie
- Daytona Beach
- DeFuniak Springs
- DeLand
- DeQuincy
- DeRidder
- Deerfield Beach
- Delray Beach
- Deltona
- Denham Springs
- Derry
- Destin
- Donaldsonville
- Doral
- Dunedin
- Dunnellon
- Edgewater
- Eglin AFB
- Ellenton
- Elton
- Englewood
- Estero
- Eunice
- Eustis
- Farmerville
- Fellsmere
- Fern Park
- Fernandina Beach
- Ferriday
- Fleming Island
- Florida City
- Folsom
- Forest City
- Forest Hill
- Fort Johnson
- Fort Lauderdale
- Fort Myers
- Fort Pierce
- Fort Walton Beach
- Franklin
- Franklinton
- Freeport
- Fruit Cove
- Fruitland Park
- Gainesville
- Geismar
- Gonzales
- Gramercy
- Grayson
- Green Cove Springs
- Greenacres
- Greensburg
- Greenwood
- Gretna
- Groveland
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Hammond
- Harahan
- Harvey
- Haughton
- Haverhill
- Hawthorne
- Heathrow
- Hernando
- Hialeah
- Hialeah Gardens
- Hodge
- Holiday
- Hollywood
- Holmes Beach
- Homestead
- Homosassa Springs
- Houma
- Hudson
- Hurlburt Field
- Immokalee
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Iota
- Islamorada
- Jackson
- Jacksonville
- Jacksonville Beach
- Jefferson
- Jennings
- Jensen Beach
- Jonesville
- Juno Beach
- Jupiter
- Kaplan
- Kennedy Space Center
- Kenner
- Kentwood
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Killona
- Kinder
- Kissimmee
- Labelle
- Lady Lake
- Lafayette
- Lake Arthur
- Lake Buena Vista
- Lake Charles
- Lake City
- Lake Mary
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakewood Ranch
- Land O' Lakes
- Lantana
- Laplace
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Lecompte
- Leesburg
- Leesville
- Lehigh Acres
- Lighthouse Point
- Lithia
- Live Oak
- Livingston
- Lockport
- Longboat Key
- Longwood
- Loxahatchee
- Luling
- Lutcher
- Lutz
- Lynn Haven
- MacClenny
- Maitland
- Mamou
- Mandeville
- Mangham
- Mansfield
- Many
- Marathon
- Marco Island
- Margate
- Marianna
- Marksville
- Marrero
- Mary Esther
- Mayport
- Melbourne
- Merritt Island
- Metairie
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Middleburg
- Middleton
- Milton
- Mims
- Minden
- Miramar
- Miramar Beach
- Monroe
- Montgomery
- Monticello
- Morgan City
- Mount Dora
- Mulberry
- Naples
- Natchitoches
- Navarre
- Neptune Beach
- New Iberia
- New Orleans
- New Port Richey
- New Roads
- New Smyrna Beach
- Newberry
- Niceville
- Nokomis
- Norco
- North Fort Myers
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- Oak Grove
- Oakdale
- Oakland Park
- Ocala
- Ocoee
- Odessa
- Oil City
- Okeechobee
- Old Town
- Oldsmar
- Opelousas
- 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
- Parks
- Parrish
- Patrick AFB
- Pembroke Park
- Pembroke Pines
- Pensacola
- Perry
- Pierre Part
- Pinecrest
- Pinellas Park
- Pineville
- Plant City
- Plantation
- Plaquemine
- Plattenville
- Pollock
- Pompano Beach
- Ponchatoula
- Ponte Vedra
- Ponte Vedra Beach
- Port Allen
- Port Charlotte
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Port Sulphur
- Prairieville
- Punta Gorda
- Quincy
- Raiford
- Rayne
- Rayville
- Ringgold
- River Ridge
- Riverview
- Riviera Beach
- Rockledge
- Rosemary Beach
- Royal Palm Beach
- Ruskin
- Ruston
- Safety Harbor
- Saint Augustine
- Saint Cloud
- Saint Francisville
- Saint Gabriel
- Saint James City
- Saint Johns
- Saint Martinville
- Saint Petersburg
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Scott
- Sebastian
- Sebring
- Seffner
- Seminole
- Shalimar
- Shreveport
- Silver Springs
- Slidell
- Sneads
- South Daytona
- South Miami
- South Pasadena
- Southport
- Spring Hill
- Springhill
- Starke
- Steinhatchee
- Stonewall
- Stuart
- Sulphur
- Summerfield
- Sun City Center
- Sunny Isles Beach
- Sunrise
- Tallahassee
- Tallulah
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Temple Terrace
- Tequesta
- The Villages
- Thibodaux
- Tierra Verde
- Titusville
- Treasure Island
- Trenton
- Trinity
- Tyndall AFB
- University Park
- Valrico
- Venice
- Vero Beach
- Vidalia
- Viera
- Ville Platte
- Vinton
- Virginia Gardens
- Walker
- Wauchula
- Wellington
- Welsh
- Wesley Chapel
- West Melbourne
- West Miami
- West Monroe
- West Palm Beach
- Westlake
- Weston
- Westwego
- White Castle
- Wildwood
- Williston
- Wilton Manors
- Wimauma
- Windermere
- Winnsboro
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Woodworth
- Youngsville
- Yulee
- Zachary
- Zephyrhills
- Zwolle
$100,000 | 8.7% |
$50,000 | 8.7% |
HELOC Rates in Louisiana by Lender
HELOC interest rates in Louisiana differ among lenders based on pricing strategies and risk assessments. The table below highlights the five lenders in Louisiana offering the lowest average APRs, helping you compare competitive rates.
First National Bank in DeRidder | 5.5% |
Jefferson Parish Employees Federal Credit Union | 7.0% |
Post Office Employee Federal Credit Union | 7.5% |
Advancial Federal Credit Union | 7.5% |
Pelican State Credit Union | 7.8% |
HELOC rates today can differ significantly among lenders in the same city. Use the table below to filter data by city, allowing you to compare APRs and identify the best rate available in your area.
- Abita Springs
- Addis
- Alachua
- Albany
- Alexandria
- Altamonte Springs
- Amelia Island
- Amite
- Apalachicola
- Apollo Beach
- Apopka
- Arcadia
- Atlantic Beach
- Atlantis
- Auburndale
- Aventura
- Avon Park
- Babcock Ranch
- Baker
- Bal Harbour
- Baldwin
- Ball
- Barefoot Bay
- Barksdale AFB
- Bartow
- Bastrop
- Baton Rouge
- Bay Harbor Islands
- Bay Lake
- Bayonet Point
- Belle Chasse
- Belle Glade
- Belleair Bluffs
- Belleview
- Benton
- Beverly Hills
- Big Pine Key
- Blanchard
- Blountstown
- Boca Raton
- Bogalusa
- Bonifay
- Bonita Springs
- Bossier City
- Boynton Beach
- Bradenton
- Brandon
- Breaux Bridge
- Bronson
- Brooksville
- Broussard
- Brusly
- Bushnell
- Callahan
- Callaway
- Cape Canaveral
- Cape Coral
- Carencro
- Casselberry
- Castor
- Cedar Key
- Celebration
- Century
- Chalmette
- Champions Gate
- Chattahoochee
- Chauvin
- Chiefland
- Chipley
- Choudrant
- Church Point
- City of Westlake
- Clearwater
- Clermont
- Clewiston
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Columbia
- Cooper City
- Coral Gables
- Coral Springs
- Cotton Valley
- Covington
- Crawfordville
- Crescent City
- Crestview
- Cross City
- Crowley
- Crystal River
- Cut Off
- Cutler Bay
- Dade City
- Dania
- Davenport
- Davie
- Daytona Beach
- DeFuniak Springs
- DeLand
- DeQuincy
- DeRidder
- Deerfield Beach
- Delray Beach
- Deltona
- Denham Springs
- Derry
- Destin
- Donaldsonville
- Doral
- Dunedin
- Dunnellon
- Edgewater
- Eglin AFB
- Ellenton
- Elton
- Englewood
- Estero
- Eunice
- Eustis
- Farmerville
- Fellsmere
- Fern Park
- Fernandina Beach
- Ferriday
- Fleming Island
- Florida City
- Folsom
- Forest City
- Forest Hill
- Fort Johnson
- Fort Lauderdale
- Fort Myers
- Fort Pierce
- Fort Walton Beach
- Franklin
- Franklinton
- Freeport
- Fruit Cove
- Fruitland Park
- Gainesville
- Geismar
- Gonzales
- Gramercy
- Grayson
- Green Cove Springs
- Greenacres
- Greensburg
- Greenwood
- Gretna
- Groveland
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Hammond
- Harahan
- Harvey
- Haughton
- Haverhill
- Hawthorne
- Heathrow
- Hernando
- Hialeah
- Hialeah Gardens
- Hodge
- Holiday
- Hollywood
- Holmes Beach
- Homestead
- Homosassa Springs
- Houma
- Hudson
- Hurlburt Field
- Immokalee
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Iota
- Islamorada
- Jackson
- Jacksonville
- Jacksonville Beach
- Jefferson
- Jennings
- Jensen Beach
- Jonesville
- Juno Beach
- Jupiter
- Kaplan
- Kennedy Space Center
- Kenner
- Kentwood
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Killona
- Kinder
- Kissimmee
- Labelle
- Lady Lake
- Lafayette
- Lake Arthur
- Lake Buena Vista
- Lake Charles
- Lake City
- Lake Mary
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakewood Ranch
- Land O' Lakes
- Lantana
- Laplace
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Lecompte
- Leesburg
- Leesville
- Lehigh Acres
- Lighthouse Point
- Lithia
- Live Oak
- Livingston
- Lockport
- Longboat Key
- Longwood
- Loxahatchee
- Luling
- Lutcher
- Lutz
- Lynn Haven
- MacClenny
- Maitland
- Mamou
- Mandeville
- Mangham
- Mansfield
- Many
- Marathon
- Marco Island
- Margate
- Marianna
- Marksville
- Marrero
- Mary Esther
- Mayport
- Melbourne
- Merritt Island
- Metairie
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Middleburg
- Middleton
- Milton
- Mims
- Minden
- Miramar
- Miramar Beach
- Monroe
- Montgomery
- Monticello
- Morgan City
- Mount Dora
- Mulberry
- Naples
- Natchitoches
- Navarre
- Neptune Beach
- New Iberia
- New Orleans
- New Port Richey
- New Roads
- New Smyrna Beach
- Newberry
- Niceville
- Nokomis
- Norco
- North Fort Myers
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- Oak Grove
- Oakdale
- Oakland Park
- Ocala
- Ocoee
- Odessa
- Oil City
- Okeechobee
- Old Town
- Oldsmar
- Opelousas
- 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
- Parks
- Parrish
- Patrick AFB
- Pembroke Park
- Pembroke Pines
- Pensacola
- Perry
- Pierre Part
- Pinecrest
- Pinellas Park
- Pineville
- Plant City
- Plantation
- Plaquemine
- Plattenville
- Pollock
- Pompano Beach
- Ponchatoula
- Ponte Vedra
- Ponte Vedra Beach
- Port Allen
- Port Charlotte
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Port Sulphur
- Prairieville
- Punta Gorda
- Quincy
- Raiford
- Rayne
- Rayville
- Ringgold
- River Ridge
- Riverview
- Riviera Beach
- Rockledge
- Rosemary Beach
- Royal Palm Beach
- Ruskin
- Ruston
- Safety Harbor
- Saint Augustine
- Saint Cloud
- Saint Francisville
- Saint Gabriel
- Saint James City
- Saint Johns
- Saint Martinville
- Saint Petersburg
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Scott
- Sebastian
- Sebring
- Seffner
- Seminole
- Shalimar
- Shreveport
- Silver Springs
- Slidell
- Sneads
- South Daytona
- South Miami
- South Pasadena
- Southport
- Spring Hill
- Springhill
- Starke
- Steinhatchee
- Stonewall
- Stuart
- Sulphur
- Summerfield
- Sun City Center
- Sunny Isles Beach
- Sunrise
- Tallahassee
- Tallulah
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Temple Terrace
- Tequesta
- The Villages
- Thibodaux
- Tierra Verde
- Titusville
- Treasure Island
- Trenton
- Trinity
- Tyndall AFB
- University Park
- Valrico
- Venice
- Vero Beach
- Vidalia
- Viera
- Ville Platte
- Vinton
- Virginia Gardens
- Walker
- Wauchula
- Wellington
- Welsh
- Wesley Chapel
- West Melbourne
- West Miami
- West Monroe
- West Palm Beach
- Westlake
- Weston
- Westwego
- White Castle
- Wildwood
- Williston
- Wilton Manors
- Wimauma
- Windermere
- Winnsboro
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Woodworth
- Youngsville
- Yulee
- Zachary
- Zephyrhills
- Zwolle
Pelican State Credit Union | Credit Union | 7.8% |
Resource Bank | Commercial Bank | 8.0% |
Keesler Federal Credit Union | Credit Union | 8.0% |
Jefferson Financial Federal Credit Union | Credit Union | 8.4% |
First Horizon Bank | Commercial Bank | 8.5% |
Gulf Coast Bank and Trust Company | Commercial Bank | 8.5% |
Home Bank | Commercial Bank | 8.5% |
Red River Bank | Commercial Bank | 8.5% |
Regions Bank | Commercial Bank | 8.5% |
New Orleans Firemens Federal Credit Union | Credit Union | 8.6% |
Campus Federal Credit Union | Credit Union | 8.9% |
OnPath Federal Credit Union | Credit Union | 9.0% |
Navy Federal Credit Union | Credit Union | 9.6% |
Hancock Whitney Bank | Commercial Bank | 10.1% |
HELOC rates in Louisiana vary between banks and credit unions. Commercial banks offer an average rate of 8.5%, which is slightly lower than the 8.7% average rate offered by credit unions. Credit unions are not-for-profit institutions that often provide community-focused services and benefits.
When choosing between the two, consider more than just rates. Banks might offer more convenience, while credit unions often excel in customer service and lower fees. Be sure to check membership requirements for credit unions and any hidden fees or rate adjustment clauses with both lenders.
Are there any strategies homeowners can use to lock in a favorable HELOC rate in a rising interest rate environment, and how does a rate lock typically work with HELOCs?
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...
HELOCS often have variable interest rates, meaning they go up or down with the Federal Funds rate. So if you are worried about rates rising, you should look into a home equity loan or refinancing your home. That way you have a fixed rate that will not change over time.
HELOC Payment Calculator
HELOCs have become a popular tool for homeowners across the U.S. looking to tap into their home's equity. Our Louisiana HELOC payment calculator estimates your monthly payments based on your credit line draws, loan terms and APR. It also provides an amortization schedule, detailing how payments divide between principal and interest over time. Using this tool can help you manage your HELOC and improve your financial planning.
Louisiana 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 Louisiana
Finding the best HELOC rates in Louisiana can save you thousands over your loan's life. For example, a 1% rate reduction on a $100,000 HELOC can save you $1,000 annually. To secure competitive rates, consider these five strategies:
Maintain a strong credit score
The average credit score in Louisiana is 690. Improving it can help secure better rates by making you a more attractive borrower.
Compare offers from multiple lenders
Shopping around can uncover competitive rates and provide leverage to negotiate better terms, avoiding costly mistakes from accepting the first offer.
Reduce your debt-to-income (DTI) ratio
Lower debt-to-income (DTI) ratios indicate financial stability. Paying off credit card debt can improve your DTI, making you eligible for better rates.
Increase your home equity
More equity reduces lender risk, leading to lower rates. Consider paying down your mortgage or making home improvements.
Review closing costs and rate caps
Some lenders charge closing costs. Knowing rate caps helps manage expenses as rates adjust over time.
HELOC Loan Rates vs. Home Equity Loan Rates in Louisiana
HELOC interest rates in Louisiana average 8.6%, compared to 8.1% for home equity loans. This difference is due to HELOCs having variable rates, while home equity loans offer fixed rates.
- HELOCs are revolving credit lines with variable interest rates, which can increase in rising interest rate environments, potentially affecting long-term finances.
- Home equity loans provide a lump sum at a fixed rate, offering predictability and stability, making them suitable for those who prefer consistent payments.
When deciding between the two, consider whether you need the flexibility of a HELOC or the predictability of a home equity loan. Evaluate your financial goals and how each option aligns with them, considering how changes in your home's equity can impact your decision.
A cash-out refinance is a HELOC alternative that replaces your primary mortgage with a larger loan, providing cash access. Unlike HELOCs or home equity loans, it creates a new primary mortgage.
For a Federal Housing Administration (FHA) loan, if your home is valued at $300K with a $150K mortgage balance, an FHA cash-out refinance of $200K gives $50K in cash, with new payments based on $200K.
FAQ: Best HELOC Rates in Louisiana
Louisiana's HELOC rates average 8.6%, slightly lower than the national average of 8.7%.
Common fees include application, appraisal, annual and early closure fees, though specifics vary by lender.
HELOC rates in Louisiana average 8.6%, while home equity loan rates are lower at 8.1%, which may benefit those with bad credit.
Commercial banks in Louisiana offer HELOC rates averaging 8.5%, while credit unions offer lower rates at 8.7%.
New Orleans's rates average 8.7%, aligning with the current HELOC rate in Louisiana.
MoneyGeek examined 58 different banks and credit unions in Louisiana 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.