Best HELOC Rates and Lenders in Missouri (2024)

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Reviewed byTimothy Manni
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Reviewed byTimothy Manni
Edited byBenjamar Gabawa
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Updated: June 19, 2024

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Missouri's best home equity line of credit (HELOC) lender is Lower. It doesn't have physical branches, so homeowners can access HELOCs entirely online. It rose to the top with its competitive APR range from 8.75% to 13.5%, loan amounts between $15,000 and $500,000, and a minimum credit score requirement of 580. MoneyGeek considered various factors to determine the best lender, not just cost.

MoneyGeek's evaluation included 12 lenders for homeowners in Missouri. Remember, other lenders exist beyond this analysis that may suit your needs. Entities like Missouri Credit Union, Missouri Central Credit Union and First Community Credit Union have unique offerings that could cater specifically to Missourians.

Best HELOC Lenders in Missouri

Best Overall: Lower

Best for Affordability: Lower

Best for Bad Credit: U.S. Bank

Best for Large Loan Amounts: Bank of America

Best for Debt Consolidation: PNC Bank

MoneyGeek evaluated Missouri HELOC lenders against a rubric that included APR ranges, annual fees and affordability, among other criteria.

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Our analysis was completed in April 2024 and includes lenders that do business in Missouri.

12Lenders Analyzed

    Overall Best HELOC Lender in Missouri

  • 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 best HELOC lender in Missouri. It offers a range of APRs, from 8.75% to 13.5%, and loans from $15,000 to $500,000. Homeowners can apply even with a credit score as low as 580, expanding access to many. It ensures that finding loan details is simple, reflecting transparency. A+ rated by the BBB, it combines attentive customer support with a no annual fee policy, making it an advantageous choice for tapping into a home's equity.


    • Personalized support post-application
    • Minimum loan amount $15,000
    • Accepts credit scores from 580


    • No rate discounts offered
    • No fixed-rate HELOC option
    • Repayment period undisclosed

HELOC Rates in Missouri by Credit Score

When exploring a home equity line of credit (HELOC), your APR can vary. In Missouri, credit scores and a loan-to-value (LTV) ratio below 80% matter, but banks might propose diverse rates tied to repayment terms. Review this table to gauge how changing parameters affect your rates.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:680 - 740
LTV Ratio:
LTV Ratio:80% or lower
HELOC (10 year)APR7.13%
HELOC (15 year)APR7.13%
HELOC (20 year)APR7.13%

Where does this data come from?

Understanding APRs from various HELOC lenders in Missouri can save you money over the loan's life. Different lenders offer unique terms and rates, leading to significant differences in monthly payments and total interest paid. Comparing APRs ensures you find an affordable and manageable borrowing option tailored to your financial situation.

HELOC Calculator: Do You Qualify in Missouri?

Based on TransUnion's report, the total tappable equity in Missouri suggests you might be able to borrow more with a HELOC if your home equity is substantial. The average credit score in Missouri, according to Experian data, is 714. If yours is close, you should be well-positioned to secure a HELOC.

Your eligibility for HELOC in Missouri hinges on factors including equity and credit score, although other considerations apply. The HELOC calculator helps gauge your qualifications by adjusting various inputs. It's a practical step in your HELOC search.

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 Missouri for Affordability

  • 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 go-to HELOC lender for Missouri homeowners seeking to save money. It offers a pocket-friendly option with an APR range of 8.75% to 13.5% and no annual fees. Homeowners can borrow from $15,000 to $500,000, fitting various needs and budgets. By choosing Lower, Missouri residents take advantage of a lender with an A+ BBB rating, a sign of reliable service. A credit score as low as 580 opens the door to these opportunities, making this lender accessible to a broader audience. Lower's product is noteworthy for its cost efficiency.


    • A+ rating from BBB
    • No annual fee
    • Personalized support online


    • No rate discounts offered
    • No option to convert to fixed-rate
    • Repayment period not disclosed

How does MoneyGeek create this recommendation?

    Best HELOC Lender in Missouri 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 recommended lender for Missouri homeowners with less-than-perfect credit seeking a HELOC. Bad credit doesn't knock you out of the running; it might just mean higher rates. Fortunately, U.S. Bank maintains a lower minimum credit score requirement of 660. With max APR capped at 13.1%, it prevents rates from skyrocketing. Further savings come from a 0.5% discount with autopay enrollment. Missouri residents benefit from these more manageable terms. The BBB accredits U.S. Bank, though it currently has no rating.


    • No closing costs
    • Allows prequalification online
    • Interest-only payments allowed


    • Closing requires in-person visit
    • Early closure fee, max $500
    • Annual fee of $75
    U.S. Bank

How does MoneyGeek recommend lenders for those with bad credit?

    Best HELOC Lender in Missouri 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 lender for Missouri homeowners seeking large HELOCs. With products like HE03, Bank of America offers a high max loan amount of $1 million, which is ideal for funding big expenses such as home renovations or educational costs. You get a 10-year draw period and a 20-year repayment term to manage the borrowed amount. Moreover, it does not charge annual fees, easing the financial burden over the loan's lifetime. Adding to the advantages, it offers multiple discounts, an introductory rate of 6.99% for six months and assistance during financial hardships, making it a reliable choice for Missouri residents.


    • Competitive introductory rate (6.99%) for six months
    • Offers multiple discounts
    • Assistance during financial hardship


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

How does MoneyGeek recommend lenders for large loans amounts?

    Best HELOC Lender in Missouri 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

    For Missouri homeowners looking to wrap up their high-interest credit card or personal loan debts into a neat package, PNC Bank is the go-to HELOC lender. It's like a Swiss Army knife for your debts, with a toolbox that offers adjustable rates and a comforting 0.25% rate discount when you use autopay from a PNC checking account. With an APR range starting at 8.22% and peaking at 14.5%, it often beats out credit cards and personal loans, which usually have higher rates.

    PNC helps you get into the action quickly, with funds available just three days after closing and supports a loan ceiling that goes up to $1 million, which is ideal for sweeping up all your balances in one go. Homeowners in Missouri can breathe easy knowing it also reimburses fees from the get-go, covering various upfront costs, so you can focus on getting your financial house in order. Plus, if you hit a rough patch, it's got your back with hardship assistance. And remember, manage your HELOC wisely to prevent your home from being at risk since it serves as collateral for your line of credit.


    • Offers financial hardship assistance
    • Autopay rate reduction option available
    • Online application tracking system provided


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

How does MoneyGeek recommend lenders for debt consolidation?

How to Choose a HELOC Lender in Missouri

MoneyGeek has spotlighted top HELOC lenders in Missouri. Here's how to tailor your search to align with your personalized financial needs.

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    Define Your HELOC Purpose

    Knowing why you need a HELOC guides your choice in Missouri. Lenders might have better terms for renovations versus debt consolidation. Research lenders that align with your goals to ensure you get the most suitable offer.

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    Check Lender Reputation

    Evaluate lenders through the Better Business Bureau and the Missouri Division of Finance. Stellar ratings with these institutions can signal reliability and customer satisfaction.

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    Compare HELOC Features

    Examine different lenders by looking at interest rates, repayment terms, and closing costs. A thorough comparison ensures you understand the costs involved and find competitive offers in Missouri.

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    Assess Community Standing

    A lender's reputation in Missouri matters. Local awards or recognitions reflect their commitment to clients. Engage with community forums or local financial advisors to uncover these insights.

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    Explore Lender Flexibility

    Pick a lender that offers flexibility, like interest-only payments or a fixed-rate HELOC. Features like online prequalification show a lender's adaptability to modern homeowner needs.

FAQ: HELOC Lenders and Rates in Missouri

Navigating the HELOC landscape in Missouri can be streamlined with the right knowledge. Below, we've compiled answers to frequently asked questions, offering guidance to homeowners on selecting a lender that aligns with their financial needs and goals.

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