HELOC rates in Ohio rose from 4% in 2022 to about 9% in 2024. If this trend continues, homeowners may face higher borrowing costs. Consider locking in a rate now to avoid future increases.
Best HELOC Rates in Ohio
As of October 16, 2024, the best HELOC rate in Ohio is 4.4% from Miami University Community Federal Credit Union in Hamilton, 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 Ohio with an 80% LTV is 8.5%, compared with 8.9% for a 90% LTV.
HELOC rates vary by city in Ohio. Aberdeen has an average APR of 7.5%, whereas Highland Heights' is 11.8%.
Different lenders offer varying rates for the same loan types. Miami University Community Federal Credit Union's average APR is 4.4%, whereas KeyBank National Association's is 11.8%.
Current HELOC Rates in Ohio
HELOC Rates in Ohio by LTV Ratio
HELOC rates in Ohio vary depending on your loan-to-value (LTV) ratio and line limit. A lower LTV ratio represents less risk to lenders, as it indicates more equity in your home. For example, an 80% LTV means you've borrowed less against your home's value compared to 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
8.5% | 8.9% |
HELOC Rates in Ohio by City
HELOC rates in Ohio vary between cities due to local housing markets and lender competition. A city with stable real estate might offer lower rates.
Use the table below to filter by your city and see average APRs for $50K and $100K HELOCs.
- Aberdeen
- Ada
- Akron
- Alachua
- Alliance
- Altamonte Springs
- Amelia
- Amelia Island
- Amherst
- Andover
- Anna
- Antwerp
- Apalachicola
- Apollo Beach
- Apopka
- Apple Creek
- Arcadia
- Arcanum
- Archbold
- Arlington
- Ashland
- Ashtabula
- Ashville
- Athens
- Atlantic Beach
- Atlantis
- Auburndale
- Aurora
- Austintown
- Aventura
- Avon
- Avon Lake
- Avon Park
- Babcock Ranch
- Baker
- Bal Harbour
- Baldwin
- Barberton
- Barefoot Bay
- Barnesville
- Bartow
- Batavia
- Bay Harbor Islands
- Bay Lake
- Bay Village
- Bayonet Point
- Beach City
- Beachwood
- Beaver
- Beavercreek
- Bedford
- Bedford Heights
- Bellaire
- Bellbrook
- Belle Glade
- Belleair Bluffs
- Bellefontaine
- Belleview
- Bellevue
- Bellville
- Berea
- Berlin
- Beverly Hills
- Bexley
- Big Pine Key
- Blountstown
- Blue Ash
- Boardman
- Boca Raton
- Bolivar
- Bonifay
- Bonita Springs
- Bowling Green
- Boynton Beach
- Bradenton
- Bradford
- Brandon
- Brecksville
- Bremen
- Bridgeport
- Bristolville
- Broadview Heights
- Bronson
- Brookfield
- Brooklyn
- Brooksville
- Brookville
- Brunswick
- Bryan
- Buckeye Lake
- Bucyrus
- Bushnell
- Cadiz
- Calcutta
- Callahan
- Callaway
- Cambridge
- Campbell
- Canal Fulton
- Canal Winchester
- Canfield
- Canton
- Cape Canaveral
- Cape Coral
- Cardington
- Carey
- Carrollton
- Casselberry
- Castalia
- Cedar Key
- Celebration
- Celina
- Centerburg
- Centerville
- Century
- Chagrin Falls
- Champions Gate
- Chardon
- Chattahoochee
- Chesterland
- Chickasaw
- Chiefland
- Chillicothe
- Chipley
- Cincinnati
- Circleville
- City of Westlake
- Clayton
- Clearwater
- Clermont
- Cleveland
- Cleveland Heights
- Cleves
- Clewiston
- Clyde
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Coldwater
- Columbia Station
- Columbiana
- Columbus
- Commercial Point
- Concord
- Conneaut
- Cooper City
- Coral Gables
- Coral Springs
- Corning
- Cortland
- Coshocton
- Crawfordville
- Crescent City
- Creston
- Crestview
- Crooksville
- Cross City
- Crystal River
- Custar
- Cutler Bay
- Cuyahoga Falls
- Dade City
- Dalton
- Dania
- Danville
- Davenport
- Davie
- Dayton
- Daytona Beach
- DeFuniak Springs
- DeLand
- Deerfield Beach
- Defiance
- Delaware
- Delphos
- Delray Beach
- Deltona
- Destin
- Dillonvale
- Doral
- Dover
- Dresden
- Dublin
- Dunedin
- Dunnellon
- East Cleveland
- East Liverpool
- East Palestine
- Eastlake
- Eaton
- Edgerton
- Edgewater
- Edon
- Eglin AFB
- Elida
- Ellenton
- Elmore
- Elyria
- Englewood
- Enon
- Estero
- Euclid
- Eustis
- Fairborn
- Fairfield
- Fairlawn
- Fayetteville
- Fellsmere
- Fern Park
- Fernandina Beach
- Findlay
- Fleming Island
- Florida City
- Flushing
- Forest City
- Fort Lauderdale
- Fort Myers
- Fort Pierce
- Fort Recovery
- Fort Walton Beach
- Fostoria
- Frankfort
- Franklin
- Fredericksburg
- Fredericktown
- Freeport
- Fremont
- Fruit Cove
- Fruitland Park
- Gahanna
- Gainesville
- Galion
- Gallipolis
- Galloway
- Geneva
- Genoa
- Georgetown
- Germantown
- Glouster
- Gnadenhutten
- Grafton
- Grand Rapids
- Granville
- Green Cove Springs
- Greenacres
- Greenfield
- Greenhills
- Greenville
- Greenwich
- Greenwood
- Grove City
- Groveland
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Hamilton
- Harrison
- Hartville
- Haverhill
- Hawthorne
- Heath
- Heathrow
- Hernando
- Hialeah
- Hialeah Gardens
- Hicksville
- Highland Heights
- Hilliard
- Hillsboro
- Holgate
- Holiday
- Holland
- Hollywood
- Holmes Beach
- Homestead
- Homosassa Springs
- Howard
- Hubbard
- Huber Heights
- Hudson
- Hurlburt Field
- Huron
- Immokalee
- Independence
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Ironton
- Islamorada
- Jackson
- Jackson Center
- Jacksonville
- Jacksonville Beach
- Jamestown
- Jefferson
- Jensen Beach
- Johnstown
- Jonesville
- Juno Beach
- Jupiter
- Kalida
- Kennedy Space Center
- Kent
- Kenton
- Kettering
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Kidron
- Kinsman
- Kirtland
- Kissimmee
- Labelle
- Lady Lake
- Lagrange
- Lake Buena Vista
- Lake City
- Lake Mary
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakeview
- Lakewood
- Lakewood Ranch
- Lancaster
- Land O' Lakes
- Lantana
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Laurelville
- Lebanon
- Leesburg
- Lehigh Acres
- Lewis Center
- Lewisburg
- Lexington
- Liberty Center
- Liberty Township
- Lighthouse Point
- Lima
- Lisbon
- Lithia
- Live Oak
- Lodi
- Logan
- London
- Longboat Key
- Longwood
- Lorain
- Loudonville
- Louisville
- Loveland
- Loxahatchee
- Lucasville
- Luckey
- Lutz
- Lyndhurst
- Lynn Haven
- MacClenny
- Macedonia
- Madeira
- Madison
- Maineville
- Maitland
- Malinta
- Malta
- Mansfield
- Mantua
- Maple Heights
- Marathon
- Marblehead
- Marco Island
- Margate
- Marianna
- Marietta
- Marion
- Marshallville
- Martins Ferry
- Mary Esther
- Marysville
- Mason
- Massillon
- Maumee
- Mayfield Heights
- Mayport
- McArthur
- McComb
- McCutchenville
- Mechanicsburg
- Medina
- Melbourne
- Mentor
- Mentor-On-The-Lake
- Merritt Island
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Miamisburg
- Middleburg
- Middleburg Heights
- Middleton
- Middletown
- Milford
- Millersburg
- Milton
- Mims
- Minerva
- Minford
- Minster
- Miramar
- Miramar Beach
- Mogadore
- Monroe
- Monroeville
- Monticello
- Montpelier
- Moraine
- Mount Dora
- Mount Eaton
- Mount Gilead
- Mount Hope
- Mount Orab
- Mount Sterling
- Mount Vernon
- Mulberry
- Naples
- Napoleon
- Navarre
- Nelsonville
- Neptune Beach
- New Albany
- New Bremen
- New Carlisle
- New Concord
- New Holland
- New Knoxville
- New Lebanon
- New Lexington
- New Middletown
- New Philadelphia
- New Port Richey
- New Riegel
- New Smyrna Beach
- New Washington
- Newark
- Newberry
- Newcomerstown
- Newton Falls
- Niceville
- Niles
- Nokomis
- North Baltimore
- North Canton
- North Fort Myers
- North Lima
- North Miami
- North Miami Beach
- North Olmsted
- North Palm Beach
- North Port
- North Ridgeville
- North Royalton
- Northfield
- Northwood
- Norwalk
- Norwood
- Oak Hill
- Oakland Park
- Oakwood
- Oberlin
- Ocala
- Ocoee
- Odessa
- Okeechobee
- Old Town
- Oldsmar
- Ontario
- Orange City
- Orange Park
- Oregon
- Orlando
- Ormond Beach
- Orrville
- Orwell
- Osgood
- Ottawa
- Oviedo
- Oxford
- Pace
- Pahokee
- Painesville
- 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
- Parma
- Parrish
- Pataskala
- Patrick AFB
- Paulding
- Payne
- Pembroke Park
- Pembroke Pines
- Pensacola
- Pepper Pike
- Perry
- Perrysburg
- Pickerington
- Piketon
- Pinecrest
- Pinellas Park
- Pioneer
- Piqua
- Plain City
- Plant City
- Plantation
- Plymouth
- Poland
- Pompano Beach
- Ponte Vedra
- Ponte Vedra Beach
- Port Charlotte
- Port Clinton
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Portsmouth
- Powell
- Powhatan Point
- Proctorville
- Punta Gorda
- Quincy
- Raiford
- Ravenna
- Reynoldsburg
- Richmond
- Richmond Dale
- Richmond Heights
- Ripley
- Rittman
- Riverview
- Riviera Beach
- Rockford
- Rockledge
- Rocky River
- Rosemary Beach
- Rossford
- Royal Palm Beach
- Ruskin
- Russells Point
- Safety Harbor
- Saint Augustine
- Saint Clairsville
- Saint Cloud
- Saint James City
- Saint Johns
- Saint Marys
- Saint Petersburg
- Salem
- Sandusky
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Sebastian
- Sebring
- Seffner
- Seminole
- Seven Hills
- Seville
- Shadyside
- Shaker Heights
- Shalimar
- Sheffield Lake
- Sheffield Village
- Shelby
- Shiloh
- Shreve
- Sidney
- Silver Springs
- Smithville
- Sneads
- Solon
- South Bloomfield
- South Charleston
- South Daytona
- South Lebanon
- South Miami
- South Pasadena
- South Point
- Southport
- Spring Hill
- Springboro
- Springdale
- Springfield
- Starke
- Steinhatchee
- Steubenville
- Stow
- Strasburg
- Streetsboro
- Strongsville
- Struthers
- Stuart
- Sugarcreek
- Summerfield
- Sun City Center
- Sunbury
- Sunny Isles Beach
- Sunrise
- Sycamore
- Sylvania
- Tallahassee
- Tallmadge
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Temple Terrace
- Tequesta
- The Villages
- Tierra Verde
- Tiffin
- Tiltonsville
- Tipp City
- Titusville
- Toledo
- Toronto
- Treasure Island
- Trenton
- Trinity
- Troy
- Twinsburg
- Tyndall AFB
- Uhrichsville
- Uniontown
- University Heights
- University Park
- Upper Arlington
- Upper Sandusky
- Urbana
- Utica
- Valrico
- Van Wert
- Vandalia
- Venice
- Vermilion
- Vero Beach
- Versailles
- Vienna
- Viera
- Virginia Gardens
- Wadsworth
- Walbridge
- Wapakoneta
- Warren
- Washington Court House
- Washingtonville
- Waterford
- Waterville
- Wauchula
- Wauseon
- Waverly
- Wellington
- Wellston
- Wellsville
- Wesley Chapel
- West Carrollton
- West Chester
- West Jefferson
- West Liberty
- West Melbourne
- West Miami
- West Milton
- West Palm Beach
- Westerville
- Westlake
- Weston
- Wheelersburg
- Whitehall
- Wildwood
- Willard
- Williston
- Willoughby
- Willoughby Hills
- Wilmington
- Wilton Manors
- Wimauma
- Windermere
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Wintersville
- Woodmere
- Woodsfield
- Woodville
- Wooster
- Worthington
- Wright-Patterson AFB
- Xenia
- Yellow Springs
- Youngstown
- Yulee
- Zanesville
- Zephyrhills
$100,000 | 9.0% |
$50,000 | 9.0% |
HELOC Rates in Ohio by Lender
HELOC interest rates in Ohio vary by lender due to different pricing strategies and risk assessments. To help you find competitive rates, the table below shows the five lenders in Ohio with the lowest average APRs.
Miami University Community Federal Credit Union | 4.4% |
Eclipse Bank, Inc. | 7.3% |
The First National Bank of Waverly | 7.3% |
B F G Federal Credit Union | 7.5% |
Pathways Financial Credit Union, Inc. | 7.5% |
HELOC rates today can vary between lenders in the same city. Use the table below to filter by city and compare average APRs to find the best rate in your area.
- Aberdeen
- Ada
- Akron
- Alachua
- Alliance
- Altamonte Springs
- Amelia
- Amelia Island
- Amherst
- Andover
- Anna
- Antwerp
- Apalachicola
- Apollo Beach
- Apopka
- Apple Creek
- Arcadia
- Arcanum
- Archbold
- Arlington
- Ashland
- Ashtabula
- Ashville
- Athens
- Atlantic Beach
- Atlantis
- Auburndale
- Aurora
- Austintown
- Aventura
- Avon
- Avon Lake
- Avon Park
- Babcock Ranch
- Baker
- Bal Harbour
- Baldwin
- Barberton
- Barefoot Bay
- Barnesville
- Bartow
- Batavia
- Bay Harbor Islands
- Bay Lake
- Bay Village
- Bayonet Point
- Beach City
- Beachwood
- Beaver
- Beavercreek
- Bedford
- Bedford Heights
- Bellaire
- Bellbrook
- Belle Glade
- Belleair Bluffs
- Bellefontaine
- Belleview
- Bellevue
- Bellville
- Berea
- Berlin
- Beverly Hills
- Bexley
- Big Pine Key
- Blountstown
- Blue Ash
- Boardman
- Boca Raton
- Bolivar
- Bonifay
- Bonita Springs
- Bowling Green
- Boynton Beach
- Bradenton
- Bradford
- Brandon
- Brecksville
- Bremen
- Bridgeport
- Bristolville
- Broadview Heights
- Bronson
- Brookfield
- Brooklyn
- Brooksville
- Brookville
- Brunswick
- Bryan
- Buckeye Lake
- Bucyrus
- Bushnell
- Cadiz
- Calcutta
- Callahan
- Callaway
- Cambridge
- Campbell
- Canal Fulton
- Canal Winchester
- Canfield
- Canton
- Cape Canaveral
- Cape Coral
- Cardington
- Carey
- Carrollton
- Casselberry
- Castalia
- Cedar Key
- Celebration
- Celina
- Centerburg
- Centerville
- Century
- Chagrin Falls
- Champions Gate
- Chardon
- Chattahoochee
- Chesterland
- Chickasaw
- Chiefland
- Chillicothe
- Chipley
- Cincinnati
- Circleville
- City of Westlake
- Clayton
- Clearwater
- Clermont
- Cleveland
- Cleveland Heights
- Cleves
- Clewiston
- Clyde
- Cocoa
- Cocoa Beach
- Coconut Creek
- Coconut Grove
- Coldwater
- Columbia Station
- Columbiana
- Columbus
- Commercial Point
- Concord
- Conneaut
- Cooper City
- Coral Gables
- Coral Springs
- Corning
- Cortland
- Coshocton
- Crawfordville
- Crescent City
- Creston
- Crestview
- Crooksville
- Cross City
- Crystal River
- Custar
- Cutler Bay
- Cuyahoga Falls
- Dade City
- Dalton
- Dania
- Danville
- Davenport
- Davie
- Dayton
- Daytona Beach
- DeFuniak Springs
- DeLand
- Deerfield Beach
- Defiance
- Delaware
- Delphos
- Delray Beach
- Deltona
- Destin
- Dillonvale
- Doral
- Dover
- Dresden
- Dublin
- Dunedin
- Dunnellon
- East Cleveland
- East Liverpool
- East Palestine
- Eastlake
- Eaton
- Edgerton
- Edgewater
- Edon
- Eglin AFB
- Elida
- Ellenton
- Elmore
- Elyria
- Englewood
- Enon
- Estero
- Euclid
- Eustis
- Fairborn
- Fairfield
- Fairlawn
- Fayetteville
- Fellsmere
- Fern Park
- Fernandina Beach
- Findlay
- Fleming Island
- Florida City
- Flushing
- Forest City
- Fort Lauderdale
- Fort Myers
- Fort Pierce
- Fort Recovery
- Fort Walton Beach
- Fostoria
- Frankfort
- Franklin
- Fredericksburg
- Fredericktown
- Freeport
- Fremont
- Fruit Cove
- Fruitland Park
- Gahanna
- Gainesville
- Galion
- Gallipolis
- Galloway
- Geneva
- Genoa
- Georgetown
- Germantown
- Glouster
- Gnadenhutten
- Grafton
- Grand Rapids
- Granville
- Green Cove Springs
- Greenacres
- Greenfield
- Greenhills
- Greenville
- Greenwich
- Greenwood
- Grove City
- Groveland
- Gulf Breeze
- Gulfport
- Haines City
- Hallandale Beach
- Hamilton
- Harrison
- Hartville
- Haverhill
- Hawthorne
- Heath
- Heathrow
- Hernando
- Hialeah
- Hialeah Gardens
- Hicksville
- Highland Heights
- Hilliard
- Hillsboro
- Holgate
- Holiday
- Holland
- Hollywood
- Holmes Beach
- Homestead
- Homosassa Springs
- Howard
- Hubbard
- Huber Heights
- Hudson
- Hurlburt Field
- Huron
- Immokalee
- Independence
- Indialantic
- Indian Harbour Beach
- Indian Shores
- Interlachen
- Inverness
- Ironton
- Islamorada
- Jackson
- Jackson Center
- Jacksonville
- Jacksonville Beach
- Jamestown
- Jefferson
- Jensen Beach
- Johnstown
- Jonesville
- Juno Beach
- Jupiter
- Kalida
- Kennedy Space Center
- Kent
- Kenton
- Kettering
- Key Biscayne
- Key Largo
- Key West
- Keystone Heights
- Kidron
- Kinsman
- Kirtland
- Kissimmee
- Labelle
- Lady Lake
- Lagrange
- Lake Buena Vista
- Lake City
- Lake Mary
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lakeview
- Lakewood
- Lakewood Ranch
- Lancaster
- Land O' Lakes
- Lantana
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Laurelville
- Lebanon
- Leesburg
- Lehigh Acres
- Lewis Center
- Lewisburg
- Lexington
- Liberty Center
- Liberty Township
- Lighthouse Point
- Lima
- Lisbon
- Lithia
- Live Oak
- Lodi
- Logan
- London
- Longboat Key
- Longwood
- Lorain
- Loudonville
- Louisville
- Loveland
- Loxahatchee
- Lucasville
- Luckey
- Lutz
- Lyndhurst
- Lynn Haven
- MacClenny
- Macedonia
- Madeira
- Madison
- Maineville
- Maitland
- Malinta
- Malta
- Mansfield
- Mantua
- Maple Heights
- Marathon
- Marblehead
- Marco Island
- Margate
- Marianna
- Marietta
- Marion
- Marshallville
- Martins Ferry
- Mary Esther
- Marysville
- Mason
- Massillon
- Maumee
- Mayfield Heights
- Mayport
- McArthur
- McComb
- McCutchenville
- Mechanicsburg
- Medina
- Melbourne
- Mentor
- Mentor-On-The-Lake
- Merritt Island
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Miamisburg
- Middleburg
- Middleburg Heights
- Middleton
- Middletown
- Milford
- Millersburg
- Milton
- Mims
- Minerva
- Minford
- Miramar
- Miramar Beach
- Mogadore
- Monroe
- Monroeville
- Monticello
- Montpelier
- Moraine
- Mount Dora
- Mount Eaton
- Mount Gilead
- Mount Hope
- Mount Orab
- Mount Sterling
- Mount Vernon
- Mulberry
- Naples
- Napoleon
- Navarre
- Nelsonville
- Neptune Beach
- New Albany
- New Carlisle
- New Concord
- New Holland
- New Knoxville
- New Lebanon
- New Lexington
- New Middletown
- New Philadelphia
- New Port Richey
- New Riegel
- New Smyrna Beach
- New Washington
- Newark
- Newberry
- Newcomerstown
- Newton Falls
- Niceville
- Niles
- Nokomis
- North Baltimore
- North Canton
- North Fort Myers
- North Lima
- North Miami
- North Miami Beach
- North Olmsted
- North Palm Beach
- North Port
- North Ridgeville
- North Royalton
- Northfield
- Northwood
- Norwalk
- Norwood
- Oak Hill
- Oakland Park
- Oakwood
- Oberlin
- Ocala
- Ocoee
- Odessa
- Okeechobee
- Old Town
- Oldsmar
- Ontario
- Orange City
- Orange Park
- Oregon
- Orlando
- Ormond Beach
- Orrville
- Orwell
- Osgood
- Ottawa
- Oviedo
- Oxford
- Pace
- Pahokee
- Painesville
- 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
- Parma
- Parrish
- Pataskala
- Patrick AFB
- Paulding
- Payne
- Pembroke Park
- Pembroke Pines
- Pensacola
- Pepper Pike
- Perry
- Perrysburg
- Pickerington
- Piketon
- Pinecrest
- Pinellas Park
- Pioneer
- Piqua
- Plain City
- Plant City
- Plantation
- Plymouth
- Poland
- Pompano Beach
- Ponte Vedra
- Ponte Vedra Beach
- Port Charlotte
- Port Clinton
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Portsmouth
- Powell
- Powhatan Point
- Proctorville
- Punta Gorda
- Quincy
- Raiford
- Ravenna
- Reynoldsburg
- Richmond
- Richmond Dale
- Richmond Heights
- Ripley
- Rittman
- Riverview
- Riviera Beach
- Rockford
- Rockledge
- Rocky River
- Rosemary Beach
- Rossford
- Royal Palm Beach
- Ruskin
- Russells Point
- Safety Harbor
- Saint Augustine
- Saint Clairsville
- Saint Cloud
- Saint James City
- Saint Johns
- Saint Marys
- Saint Petersburg
- Salem
- Sandusky
- Sanford
- Santa Rosa Beach
- Sarasota
- Satellite Beach
- Sebastian
- Sebring
- Seffner
- Seminole
- Seven Hills
- Seville
- Shadyside
- Shaker Heights
- Shalimar
- Sheffield Lake
- Sheffield Village
- Shelby
- Shiloh
- Shreve
- Sidney
- Silver Springs
- Smithville
- Sneads
- Solon
- South Bloomfield
- South Charleston
- South Daytona
- South Lebanon
- South Miami
- South Pasadena
- South Point
- Southport
- Spring Hill
- Springboro
- Springdale
- Springfield
- Starke
- Steinhatchee
- Steubenville
- Stow
- Strasburg
- Streetsboro
- Strongsville
- Struthers
- Stuart
- Sugarcreek
- Summerfield
- Sun City Center
- Sunbury
- Sunny Isles Beach
- Sunrise
- Sycamore
- Sylvania
- Tallahassee
- Tallmadge
- Tamarac
- Tampa
- Tarpon Springs
- Tavernier
- Temple Terrace
- Tequesta
- The Villages
- Tierra Verde
- Tiffin
- Tiltonsville
- Tipp City
- Titusville
- Toledo
- Toronto
- Treasure Island
- Trenton
- Trinity
- Troy
- Twinsburg
- Tyndall AFB
- Uhrichsville
- Uniontown
- University Heights
- University Park
- Upper Arlington
- Upper Sandusky
- Urbana
- Utica
- Valrico
- Van Wert
- Vandalia
- Venice
- Vermilion
- Vero Beach
- Versailles
- Vienna
- Viera
- Virginia Gardens
- Wadsworth
- Walbridge
- Wapakoneta
- Warren
- Washington Court House
- Washingtonville
- Waterford
- Waterville
- Wauchula
- Wauseon
- Waverly
- Wellington
- Wellston
- Wellsville
- Wesley Chapel
- West Carrollton
- West Chester
- West Jefferson
- West Liberty
- West Melbourne
- West Miami
- West Milton
- West Palm Beach
- Westerville
- Westlake
- Weston
- Wheelersburg
- Whitehall
- Wildwood
- Willard
- Williston
- Willoughby
- Willoughby Hills
- Wilmington
- Wilton Manors
- Wimauma
- Windermere
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Wintersville
- Woodmere
- Woodsfield
- Woodville
- Wooster
- Worthington
- Wright-Patterson AFB
- Xenia
- Yellow Springs
- Youngstown
- Yulee
- Zanesville
- Zephyrhills
Pathways Financial Credit Union, Inc. | Credit Union | 7.5% |
First Service Federal Credit Union | Credit Union | 7.8% |
First Commonwealth Bank | Commercial Bank | 8.3% |
First Financial Bank | Commercial Bank | 8.4% |
The Park National Bank | Commercial Bank | 8.5% |
Together Credit Union | Credit Union | 8.5% |
CFBank National Association | Commercial Bank | 8.5% |
Civista Bank | Commercial Bank | 8.5% |
CNB Bank | Commercial Bank | 8.5% |
First Bank of Central Ohio | Commercial Bank | 8.5% |
First Merchants Bank | Commercial Bank | 8.5% |
Heartland Bank | Commercial Bank | 8.5% |
Kemba Financial Credit Union, Inc. | Credit Union | 8.5% |
Telhio Credit Union, Inc. | Credit Union | 8.5% |
CME Federal Credit Union | Credit Union | 8.5% |
Credit Union of Ohio | Credit Union | 8.6% |
Wesbanco Bank, Inc. | Commercial Bank | 9.0% |
BMI Federal Credit Union | Credit Union | 9.0% |
The Huntington National Bank | Commercial Bank | 9.1% |
Wright-Patt Credit Union, Inc. | Credit Union | 9.3% |
U.S. Bank National Association | Commercial Bank | 9.9% |
Bank of America | Commercial Bank | 10.0% |
PNC Bank | Commercial Bank | 10.5% |
Fifth Third Bank | Commercial Bank | 11.3% |
KeyBank National Association | Commercial Bank | 11.8% |
HELOC rates in Ohio vary between banks and credit unions. Commercial banks often have higher rates, with the best rate in the state averaging 8.7%. Credit unions offer a slightly lower average APR of 8.6%, as they're not-for-profit institutions.
When choosing between the two, consider more than just rates. Banks may offer more convenience, while credit unions often provide better customer service and lower fees. Also, 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 equity. Use our Ohio HELOC payment calculator to estimate your monthly payments based on the amount drawn, APR and loan terms. It 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 more effectively and plan for future payments.
Ohio 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 Ohio
Finding the best HELOC rates in Ohio can yield substantial savings over your loan's term. For example, securing a 1% lower rate could save you $10,000 on a $100,000 loan. To achieve this, consider these five strategies:
Maintain a strong credit score
Ohio's average credit score is 716, which is good. Improving your score can help you secure more competitive HELOC rates.
Compare offers from multiple lenders
Shopping around for lender offers can yield competitive rates and provide leverage for negotiating better terms.
Reduce your debt-to-income (DTI) ratio
Lower debt-to-income ratios indicate financial stability. Paying off credit card debt can improve your DTI ratio.
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
Closing costs can affect loan expenses. Understanding rate caps helps manage costs as rates adjust.
HELOC Loan Rates vs. Home Equity Loan Rates in Ohio
HELOC interest rates in Ohio average 8.6%, slightly higher than the 8.1% for home equity loans. This difference is due to HELOCs' variable rates, while home equity loans have fixed rates.
- HELOCs are flexible, revolving credit lines with variable interest rates that adjust with the market. In rising interest rate environments, these rates can increase, affecting homeowners' finances over time.
- Home equity loans offer a lump sum at a fixed rate, providing consistency throughout the loan term. They benefit those who prefer stable payments and have specific financial goals.
When deciding between these options, consider your financial goals and risk tolerance. A HELOC may suit you if you value flexibility and can manage potential rate increases. If you prefer predictable payments and stability, a home equity loan might be the better choice to leverage your home's equity.
A cash-out refinance is a HELOC alternative that replaces your existing primary mortgage with a larger loan, giving you access to cash. Unlike HELOCs or home equity loans, it creates a new primary mortgage.
For example, if your mortgage is backed by the Federal Housing Administration (FHA) and your home is valued at $300,000 with a $150,000 balance, an FHA cash-out refinance for $200,000 could provide $50,000 in cash, with new payments based on $200,000.
FAQ: Best HELOC Rates in Ohio
Ohio's HELOC rates average 8.6%, slightly below the national average of 8.7%.
Common fees include application, appraisal, annual and early closure fees, but specifics vary by lender.
HELOC rates in Ohio average 8.6%, while home equity loan rates are lower at 8.1%, which can benefit those with bad credit.
Commercial banks in Ohio offer HELOC rates averaging 8.7%, while credit unions offer lower rates at 8.6%.
Columbus's rates are slightly higher at 9% than the state average of 8.6%.
MoneyGeek examined 167 different banks and credit unions in Ohio 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.