Best HELOC Rates and Lenders in Kentucky for 2024

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Updated: July 7, 2024

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The best home equity line of credit (HELOC) lender in Kentucky is Lower. It accommodates a broad range of financial needs with an APR from 8.75% to 13.5% and loan amounts stretching from $15,000 to $500,000. Even with a credit score as low as 580, Kentucky homeowners can access its services exclusively online.

Fourteen lenders were scrutinized by MoneyGeek to bring Kentucky homeowners comprehensive HELOC options. Beyond this group, alternatives like Commonwealth Credit Union, University of Kentucky Federal Credit Union and Abound Credit Union are available, each with distinct advantages for local borrowers.

Best HELOC Lenders in Kentucky

Best Overall: Lower

Best for Affordability: Aven

Best for Bad Credit: U.S. Bank

Best for Large Loan Amounts: Bank of America

Best for Debt Consolidation: PNC Bank

We evaluated each lender in our research against a rubric including APR ranges, annual fees and affordability.

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Our analysis was completed in July 2024 and includes lenders that do business in Kentucky.

14Lenders Analyzed

    Overall Best HELOC Lender in Kentucky

  • Lower

    • 8.75% to 13.5%APR Range
    • $15,000 to $500,000Loan Amount Range
    • 580Minimum Credit Score
    • 10-year draw period; undisclosed repayment period Repayment Terms
    • NoneAnnual Fees

    Lower is the top HELOC lender in Kentucky. Homeowners choose it for competitive rates and flexibility. With APRs ranging from 8.75% to 13.5%, it suits a variety of budgets. Loan amounts from $15,000 to $500,000 give ample range for various equity values. Lower requires a minimum credit score of just 580, making it accessible for more homeowners.

    Transparency is key; information is readily available on its website, including the no annual fee feature and the A+ rating from BBB. These details help homeowners tap into their equity efficiently.


    • A+ rating from BBB
    • No annual fee
    • Accepts credit score as low as 580


    • No rate discounts offered
    • Does not offer financial hardship assistance
    • No fixed-rate HELOC conversion option

HELOC Rates in Kentucky By Credit Score

Your home equity line of credit (HELOC) APR in Kentucky can shift based on credit score, home value and repayment terms. Even with good credit and an LTV ratio below 80%, rates vary among lenders. Review the table to see rate changes as you adjust your HELOC parameters.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:680 - 740
LTV Ratio:
LTV Ratio:80% - 95%
HELOC (10 year)APR7.52%
HELOC (15 year)APR7.52%
HELOC (20 year)APR7.52%

Where does this data come from?

Exploring various HELOC lenders' APRs in Kentucky ensures you snag the best deal. A lower APR translates to reduced borrowing costs over time. Because HELOC rates fluctuate, snagging a competitive APR could mean more manageable monthly payments, making your borrowing experience smoother without straining your finances. Take the time, compare, and save money.

HELOC Calculator: Do You Qualify in Kentucky?

Kentucky homeowners with high home equity could borrow more, as indicated in a study by TransUnion. With a 705 state average credit score — per Experian — most residents are likely well positioned for a HELOC.

Eligibility for a HELOC in Kentucky hinges on factors like equity and credit score, but there are more elements to consider. Using the HELOC calculator can clarify your eligibility, allowing for an informed HELOC search by adjusting various financial variables.

HELOC Calculator
Discover borrowing capacity, interest rates, and make informed financial choices with confidence!
You may be eligible for a HELOC. Because you have an LTV at or below 85%, you may be approved for a home equity line of credit.
10 Years Payoff Scenario
Eligible to Borrow
Loan-to-Value Ratio
Note: Lenders set varying limits on the acceptable Loan-to-Value (LTV) ratio, depending on the property type (owner-occupied or investment). Typically, owner-occupied homes have a higher acceptable LTV, often capped at 85%.

    Best HELOC Lender in Kentucky for Affordability

  • Aven

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

    Aven is the top pick for Kentucky homeowners looking for a cost-effective HELOC. Aven offers an APR range of 7.99% to 15.49%, with no origination or annual fees and no prepayment penalty. A unique feature is the credit card backed by your home's equity.

    You will enjoy a 0.25% rate discount for autopay enrollment, contributing to overall savings. There's a one-time fee of 2.5% when you cash out directly to your bank, but the absence of other fees maximizes affordability for homeowners prioritizing their budget.


    • Credit card backed by home equity
    • Unlimited 2% cashback
    • No origination/annual fees


    • Line limit up to $250,000
    • 10-day card arrival
    • One-time 2.5% cash-out fee

How does MoneyGeek recommend lenders for affordability?

    Best HELOC Lender in Kentucky for Bad Credit

  • U.S. Bank

    • 8.95% to 13.1%APR Range
    • $15,000 to $750,000Loan Amount Range
    • 660Minimum Credit Score
    • 10-year draw period; up to 20-year repayment periodRepayment Terms
    • Up to $75Annual Fees

    U.S. Bank is the top HELOC lender for Kentucky homeowners with bad credit. With a minimum credit score of 660, it offers accessible borrowing options. U.S. Bank has a maximum APR of 13.1% and provides a rate discount of 0.5% when you sign up for autopay. This can be a game-changer for your budget.

    U.S. Bank also allows interest-only payments during the draw period. Such flexibility can help you manage your finances more effectively when cash flow is tight. U.S. Bank is accredited by the BBB, though it currently does not have a rating.


    • Offers a fixed-rate option
    • No closing costs
    • Minimum line amount is only $15,000


    • Closing must be done at financial center
    • Charges an early closure fee
    • Annual fee of $75 is applicable
    U.S. Bank

How does MoneyGeek recommend lenders for people with bad credit?

    Best HELOC Lender in Kentucky for Large Loans

  • Bank of America

    • Starting at 9.82%APR Range
    • $25,000 to $1,000,000Loan Amount Range
    • UndisclosedMinimum Credit Score
    • 10-year draw period; 20-year repayment periodRepayment Terms
    • NoneAnnual Fees

    Bank of America is the top HELOC lender for homeowners in Kentucky seeking substantial loan amounts. It allows borrowing up to $1 million, ideal for funding big expenditures like home renovations or education costs. Its HELOC comes with flexible repayment terms, including a 10-year draw period followed by a 20-year repayment period, offering borrowers extended time to manage their finances without the pressure of an annual fee.

    With no application fee or closing costs and the chance for multiple discounts on the APR, Kentucky homeowners can access funds efficiently while keeping costs manageable. Aven's product is a hybrid HELOC in that it functions like a credit card. It's reported as a HELOC on credit reports and to credit bureaus.


    • Competitive introductory rate
    • No closing costs
    • Assistance during hardship


    • Charges a $450 early closure fee
    • Closing must be done in person
    • Minimum loan amount is $25,000 online
    Bank of America

How does MoneyGeek recommend lenders for large loan amounts?

    Best HELOC Lender in Kentucky for Debt Consolidation

  • PNC Bank

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

    PNC Bank is the best HELOC lender for debt consolidation in Kentucky. A HELOC is a smart way to bring together credit card or medical debts under a single payment plan. The ideal lender offers interest rates lower than what you're currently juggling, quick access to money and a high enough limit to cover all your debts.

    PNC Bank's lowest APR starts at 8.22%, and it can climb to 14.5%, but with the option to switch between variable and fixed rates, it can keep your payments manageable. You can expect to get funds swiftly, typically within three days after closing. Plus, homeowners in Kentucky can appreciate the generous loan range from $10,000 to a hefty $1 million, giving plenty of room to consolidate sizable debts. PNC Bank also offers support during tough financial times, which could provide homeowners with peace of mind when they need it most.


    • Offers financial hardship assistance
    • 0.25% rate cut with qualifying autopay
    • Up to $1 million in borrowing allowed


    • Charges a $50 annual fee
    • Does not disclose most information online
    • Charges a late fee
    PNC Bank

How does MoneyGeek recommend lenders for debt consolidation?

How to Choose a HELOC Lender in Kentucky

Having explored MoneyGeek's top picks for Kentucky HELOC lenders. But you can tailor the search to your needs. Whether you're scouting for low rates, customer care or flexible terms, these strategies simplify finding a lender that aligns with your homeownership goals.

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    Define Your HELOC Purpose

    Before picking a lender in Kentucky, figure out your HELOC needs. Whether for home renovations, debt consolidation or educational expenses, specific lenders may have tailored plans. In Kentucky, prioritize a lender whose offers align with your goals for optimal financing options.

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    Evaluate Lender Reputation

    Always check a lender's credibility before committing. Consult the Better Business Bureau and verify licenses through the Kentucky Department of Financial Institutions. Trustworthy lenders in Kentucky have solid ratings and proper regulatory compliance.

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    Compare Rates and Fees

    In Kentucky, take time to assess lenders' interest rates and fees. Look beyond monthly payments; inspect closing costs and other loan terms.

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    Check Community Standing

    Consider a lender's local reputation in Kentucky. Look for community awards or recognitions that reflect a lender’s commitment to customer satisfaction. Select one with positive local feedback and a strong presence in your area.

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    Assess Lender Flexibility

    Choose a Kentucky lender offering flexibility that matches your needs. They might enable interest-only payments or switch from variable rates to a fixed-rate HELOC. Favor those with online prequalification for efficient processing.

FAQ: HELOC Lenders and Rates in Kentucky

Navigating HELOC options in Kentucky can seem daunting. The answers to these common questions aim to clear confusion, offering guidance on selecting a lender that aligns with your financial goals.

What’s a good HELOC rate in Kentucky? What are the best HELOC rates in Louisville?
Which HELOC lender is best overall in Kentucky?
Can I still qualify for a HELOC in Kentucky if I have bad credit?
Which HELOC lender in Kentucky is best for large loans?
Can I use a HELOC to consolidate debt?
How can I ensure I find the right HELOC lender in Kentucky for me?