Best HELOC Loans and Rates of 2025

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Updated: October 21, 2025

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APRs affect your repayments and the overall cost of a HELOC. Competitive rates lower your monthly payments and cut long-term costs. The current national average APR on a HELOC is 6.64%. Our analysis shows Aven, PNC Bank and TD Bank lead for the best HELOC rates, with APRs starting at 7.99%, 8.22% and 8.34%.

Low APRs matter, but total cost also depends on rate discounts and fees. Each lender offers different advantages and drawbacks, so compare their terms to find the HELOC that fits your financial needs.

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In our research, MoneyGeek assessed each HELOC lender using a rubric that measured APR ranges, annual fees and affordability, among other things, to guide homeowners to the top choices.

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Our analysis, completed in March 2024, evaluates banks, lenders and financial companies that partner with federally insured institutions across the United States. Our approach includes entities offering the most competitive rates, catering to a broad spectrum of homeowners seeking the best HELOC options.

17
Lenders Analyzed

Top HELOC Lenders With Competitive Rates


  • Aven
    • 7.99% to 15.49%APR Range
    • 620Minimum Credit Score
    • Up to $250,000Loan Amount Range
    • Unlimited draw period; 5 to 10-year repayment period for cash out;Repayment Terms
    • NoneAnnual Fees

    Aven's HELOC, with APRs from 7.99% to 15.49% for borrowers with a minimum credit score of 620, is a standout choice for homeowners. Aven offers a credit card backed by your home's equity, providing a nifty 2% unlimited cashback on purchases and a 0.25% rate cut for autopay, without origination, annual fees or prepayment penalties. Its product is a hybrid HELOC that functions similarly to a credit card but is reported as a HELOC to credit bureaus. Drawbacks include a maximum line limit of $250,000 and a one-time 2.5% fee for direct cash out to a bank. The card usually arrives in 10 business days. Unlike some lenders, Aven doesn't offer hardship assistance, which could be a concern during financial bumps.

    Pros

    • Credit card backed by home equity
    • Unlimited 2% cashback on purchases
    • No origination, annual or prepayment fees

    Cons

    • Limited line of $250,000
    • 2.5% cash-out fee
    • Card takes 10 days to arrive
    Aven

  • PNC Bank
    • 8.22% to 14.5%APR Range
    • UndisclosedMinimum Credit Score
    • $10,000 to $1,000,000Loan Amount Range
    • Undisclosed draw period; 5-30 year repayment periodRepayment Terms
    • $50Annual Fees

    PNC Bank is a standout for homeowners seeking a flexible HELOC with competitive rates from 8.22% to 14.5%. They allow customers to switch from variable to fixed rates and offer a 0.25% rate reduction for autopay from a PNC account. Borrowers benefit from fee reimbursements including valuation and property search, have the opportunity to borrow up to $1 million and get support during financial hardships. The intuitive online tracker streamlines the application process. However, a $50 annual fee applies and borrowers in California and New York must pay origination fees. Some information, such as minimum credit scores and detailed repayment terms, is not disclosed upfront.

    Pros

    • Offers variable/fixed rate switching
    • Autopay rate reduction available
    • Up to $1 million borrowing limit

    Cons

    • Annual fee of $50 applies
    • Origination fee in certain states
    • Lacks transparency on key terms
    PNC Bank

  • TD Bank
    • 8.34% to 12.69%APR Range
    • UndisclosedMinimum Credit Score
    • Starting at $25,000Loan Amount Range
    • UndisclosedRepayment Terms
    • $50Annual Fees

    TD Bank offers HELOCs with APRs ranging from 8.34% to 12.69%. It's a solid choice, granting a fixed rate option and a 0.25% rate discount for those with a TD bank checking account. These features can lead to stable payments and potential savings. Nevertheless, TD Bank limits its HELOC availability to 16 states and keeps some pivotal details under wraps like minimum credit score. Minimum borrowing starts at $25,000, coupled with a $50 annual fee. These factors might limit options or slightly increase the cost for some borrowers.

    Pros

    • Fixed-rate options available
    • Rate discounts with TD checking account
    • Early closure penalties limited to first 2 years

    Cons

    • Minimum loan amount is $25,000
    • Charges a $50 annual fee
    • Only available in 16 states
    TD Bank

What’s a Good HELOC Rate?

As of October 2024, average HELOC interest rates are at 6.15% nationally. This rate measures the interest cost of borrowing, while the national average annual percentage rate (APR) of 6.64% represents the total cost of borrowing, including lender fees and expenses over the loan's term. APR shows your overall expenses most accurately.

The rate you receive for a HELOC differs based on your location, credit score and loan-to-value (LTV) ratio. The rate table shows how these factors influence the rates and APRs available to you.

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READ MORE ON HELOCS
Data filtered by:Results filtered by:
Alabama
State:Alabama
680 - 740
Credit Score:680 - 740
80% - 95%
Loan-to-Value (LTV):80% - 95%
HELOC (10 year)6.71%6.96%
HELOC (15 year)6.71%6.96%
HELOC (20 year)6.71%6.96%

Factors Affecting HELOC Rates

Home equity lines of credit (HELOCs) usually have variable rates, meaning your interest rate can change over time. Some lenders offer fixed-rate HELOCs, but these are rare. Understanding what affects HELOC rates helps you find the best deal and save money.

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    Borrower creditworthiness

    Your credit score, debt-to-income (DTI) ratio and home equity affect your HELOC rates. A stronger financial profile secures lower rates.

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    Interest rate policies

    The Prime Rate and Federal Funds Rate, set by banks and the Federal Reserve, directly impact HELOC rates. Changes in these rates shift HELOC interest rates.

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    Economic indicators

    Inflation rates and employment figures influence the economy's health, affecting the rates lenders charge for HELOCs.

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    Market demand

    Loan demand affects interest rates. Higher demand raises rates, while lower demand creates better rates for borrowers.

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    Global economic events

    International events affecting the global economy also impact HELOC rates in the U.S. as lenders react to changes in global financial stability and market conditions.

How to Get the Most Competitive HELOC Rates

Securing a competitive HELOC rate lowers your borrowing costs over time. Homeowners can take steps to improve their chances of getting a favorable rate.

  1. 1

    Check and improve your credit score

    Obtain your credit report and fix any errors. Improving your credit score matters because lenders offer lower rates to borrowers with higher scores.

  2. 2

    Lower your debt-to-income ratio

    Pay down existing debts to improve your debt-to-income (DTI) ratio. A lower ratio shows you're less of a financial risk, qualifying you for better rates.

  3. 3

    Increase home equity

    The more equity you have in your home, the less risk you pose to lenders. Make additional mortgage payments to increase your equity before applying for a HELOC.

  4. 4

    Shop around

    Don't take the first offer. Compare HELOC rates from multiple lenders, including banks, credit unions and online lenders, to find the best rates.

  5. 5

    Negotiate

    Use your quotes as leverage to negotiate better terms. Lenders may adjust rates or fees to win your business, especially if you have a strong financial profile.

  6. 6

    Consider a co-signer

    Adding a co-signer with a better financial profile helps you secure lower rates. Make sure the co-signer understands their responsibilities; they're equally responsible for loan repayment if you can't pay.

  7. 7

    Stay informed about market rates

    Understanding current market conditions helps you time your application for the best rates.

COMPARISON SHOPPING

When you're ready to compare the best HELOC lenders, engage with lenders when your financial profile is strongest. If your credit report and score are strong, your debts low and manageable, and you've built significant equity in your home, lenders will compete for your business, helping you secure the best rate and lowest fees. — Timothy Manni, Mortgage and Real Estate Consultant

Best HELOC Rates and Lenders by State

We've analyzed the best HELOC rates and lenders in each state for detailed information about loans near you.

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HELOC REVIEWS

Frequently Asked Questions About the Best HELOC Loans and Rates

Understanding HELOCs helps homeowners make informed financial decisions. We've answered common questions about securing the best loans and rates to help you make smart choices.

What is a good HELOC rate?

Can HELOC rates be negotiated?

How often do HELOC rates change?

What happens if I can't pay my HELOC?

Can I switch from a variable rate to a fixed rate on my HELOC?

Can I refinance my HELOC to get a better rate?

Are there any fees associated with a HELOC?

About Zachary Romeo, CBCA

Zachary Romeo, CBCA headshot

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.

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