Best HELOC Loans and Rates of 2025

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Updated: July 3, 2025

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APRs influence your repayments and the overall cost of a HELOC. Competitive ones can reduce your monthly payments and save money in the long term. The current national average APR on a HELOC is 6.64%. MoneyGeek’s analysis identified Aven, PNC Bank and TD Bank as leading lenders for the best HELOC rates, with APRs starting as low as 7.99%, 8.22% and 8.34%, respectively.

While the lowest APR is a prime reason these lenders stand out, the total cost also depends on other features such as rate discounts and absent fees. Each lender has its own set of advantages and drawbacks, so review their terms to find the HELOC that best suits your financial needs.

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 slightly higher national average annual percentage rate (APR) of 6.64% represents the total cost of borrowing, including additional lender fees and expenses over the loan's term. APR offers the most accurate reflection of your overall expenses at the end of the day.

Remember that the rate you receive for a HELOC can differ based on your location, credit score and loan-to-value (LTV) ratio. Use the rate table to see how these factors may influence the rates and APRs available to you.

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READ MORE ON HELOCS
Data filtered by:Results filtered by:
Select
State:Alabama
Select
Credit Score:680 - 740
Select
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) typically come with variable rates, meaning your interest rate can change over time. While some lenders might offer fixed-rate HELOCs, these are rare. Knowing what influences HELOC rates will help 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 play a crucial role in determining your HELOC rates. A stronger financial standing can secure lower rates.

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    Interest rate policies

    The Prime Rate and Federal Funds Rate, set by banks and the Federal Reserve, respectively, are closely linked and have a direct impact on HELOC rates. Changes in these can lead to corresponding shifts in HELOC interest rates.

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    Economic indicators

    Key indicators such as inflation rates and employment figures influence the overall economy's health, affecting the rates lenders charge for HELOCs.

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    Market demand

    The level of demand for loans, including HELOCs, can influence interest rates. Higher loan demand may increase rates, while lower demand can make rates more favorable for borrowers.

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    Global economic events

    International events that shake the global economy can also affect 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 can significantly lower your borrowing costs over time. Homeowners can take actionable steps to improve their chances of getting a favorable rate.

  1. 1

    Check and improve your credit score

    Obtain your credit report and address any inaccuracies. Improving your credit score is key as lenders offer lower rates to borrowers with higher scores due to perceived lower risk.

  2. 2

    Lower your debt-to-income ratio

    Pay down existing debts to improve your debt-to-income (DTI) ratio. A lower figure indicates that you're less of a financial risk, potentially 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. Consider making additional payments on your mortgage to increase your equity before applying for a HELOC.

  4. 4

    Shop around

    Don't settle for the first offer. Compare HELOC rates from multiple lenders, including banks, credit unions and online lenders, to find the most competitive rates.

  5. 5

    Negotiate

    Use the quotes you receive as leverage to negotiate better terms. Lenders may be willing to adjust rates or fees to win or retain your business, especially if you have a solid financial profile.

  6. 6

    Consider a co-signer

    Adding a co-signer with a better financial profile can help you secure lower rates. Ensure that the co-signer understands the responsibilities at hand; they become equally accountable for loan repayment if you're unable to fulfill it.

  7. 7

    Stay informed about market rates

    Knowing the current market conditions can help you time your application for the best possible rates.

COMPARISON SHOPPING

When you're ready to take the next step and begin comparing the best HELOC lenders, you'll make the most of this experience and get the biggest bang for your buck by engaging with lenders when your financial profile is at its strongest. For HELOC borrowers, if your credit report and score are strong, your debts low and manageable, and you've established significant equity in your home, you'll be better set up to have lenders compete for business, thus helping you secure the best rate and lowest fees you can. — Timothy Manni, Mortgage and Real Estate Consultant

Best HELOC Rates and Lenders by State

MoneyGeek has also analyzed the best HELOC rates and lenders in each state if you're interested in more granular details about loans near you.

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HELOC REVIEWS

Frequently Asked Questions About the Best HELOC Loans and Rates

Being familiar with all the details about HELOCs can empower homeowners to make informed financial decisions. We've addressed common questions, shedding light on securing the best loans and rates. Use this knowledge to ensure your financial decisions are strategic and beneficial.

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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