Best HELOC Rates and Lenders in Mississippi (2024)

Lower is the best HELOC lender in Mississippi. Its offers include an APR range of 8.75% to 13.5%, loan amounts from $15,000 to $500,000, and acceptance of credit scores starting at 580. Homeowners in Mississippi can benefit from no annual fees and personalized support post-application. Additionally, an A+ rating from the BBB signals reliable service. With Lower, accessing your home's equity can be straightforward and tailored to your financial needs.

For homeowners in Mississippi focusing on cost-savings when looking for a HELOC, Aven stands out. This lender offers competitive APRs ranging from 7.99% to 15.49%. You'll find no annual fees and an autopay discount of 0.25% with Aven, which can reduce your borrowing costs. Aven’s product operates like a credit card tied to your home equity, reported as a HELOC on credit reports. With no origination fees, prepayment penalties or early closure fees, homeowners can enjoy more savings and financial flexibility.

In Mississippi, bad credit isn't a deal-breaker for securing a HELOC. U.S. Bank ranks as the top pick for homeowners facing credit challenges. With a minimum credit score of 660, U.S. Bank's HELOC allows access to needed funds without sky-high interest rates, featuring an APR range from 8.95% to 13.1%. Homeowners benefit from manageable costs, such as a mere $75 annual fee and a 0.5% discount for autopay enrollment. Plus, flexible repayment terms support payment strategies during the draw period. U.S. Bank is accredited by the BBB, though currently does not have a rating.

Bank of America is the lender you need when you're looking at a big investment like a home renovation or funding higher education. With HELOCs, you get a credit line to draw from, like having a credit card with your house as the safety net. In Mississippi, this lender lets you borrow up to $1 million, giving you the space to handle larger expenses. It offers a 10-year draw period with a 20-year repayment timeframe, meaning you have several years to repay what you use. Plus, it won't charge you yearly to have the loan. No annual fees, application fees or closing costs take some of the worry off your shoulders. During tough times, this lender provides help, which is reassuring when you're dealing with big numbers.

U.S. Bank is the best HELOC lender for debt consolidation in Mississippi. This is smart if you combine high-interest credit cards or medical bills into one lower-interest loan. U.S. Bank offers competitive rates ranging from 8.95% to 13.1%, meaning you can swap out higher-rate debts for a more manageable monthly payment. You can get funds in as little as three business days, which can be critical in controlling debt quickly. Plus, with a maximum loan amount of $750,000, there's significant room to cover larger balances. The BBB accredits U.S. Bank, though it currently has no rating.