Best HELOC Rates and Best HELOC Lenders in Utah (2024)

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Updated: July 26, 2024

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The best home equity line of credit (HELOC) lender in New Hampshire is Lower. With an APR range of 8.75% to 13.5%, it offers homeowners competitive rates for various financial needs. The loan amount range is broad, from $15,000 to $500,000. There are no annual fees or discounts, and services are available exclusively online. MoneyGeek's choice considered multiple factors beyond cost to pick the top lender.

MoneyGeek reviewed 13 lenders when identifying the best options for New Hampshire's homeowners. While other lenders are available, they weren't all included in this analysis. Local organizations such as Northeast Credit Union, New Hampshire Federal Credit Union and Bellwether Community Credit Union also provide HELOC options, each with their own unique benefits.

Best HELOC Lenders in New Hampshire

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 New Hampshire.

14Lenders Analyzed

    Overall Best HELOC Lender in New Hampshire

  • 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 New Hampshire. With an APR range of 8.75% to 13.5%, Lower offers homeowners a competitive way to access cash. Lower accepts homeowners with a minimum credit score of 580, broadening access for a wider range of borrowers. The loan amount range from $15,000 to $500,000 provides flexibility for small and large projects.

    Lower’s commitment to transparency makes it easy for homeowners to find key information directly on the website. Lower does not charge an annual fee, adding to its affordability, and provides personalized support post-application.

    Pros

    • Accepts credit scores as low as 580
    • Provides personalized support post-completion
    • A+ rating from BBB

    Cons

    • No fixed-rate HELOC conversion
    • Terms of repayment not disclosed
    • No rate discounts available
    Lower

HELOC Rates in New Hampshire By Credit Score

If you're a homeowner in New Hampshire considering a home equity line of credit (HELOC), know that your HELOC's APR isn't one-size-fits-all. Good credit and an LTV ratio under 80% are great, but rates still vary with different repayment terms. Check the table below to see how your rate adjusts with the options you choose.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:680 - 740
LTV Ratio:
LTV Ratio:80% or lower
HELOC (10 year)APR7.16%
HELOC (15 year)APR7.16%
HELOC (20 year)APR7.16%

Where does this data come from?

When shopping for a HELOC in New Hampshire, comparing APRs from various lenders can save you money. Lower APRs mean less interest over time, making your borrowing experience more affordable. Different lenders offer varied rates, so take time to find the best deal for your financial situation.

HELOC Calculator: Do You Qualify in New Hampshire?

In New Hampshire, homeowners with high home equity may have a good chance of borrowing more through a HELOC — this insight comes from TransUnion's report. The current average credit score in this state is 736, based on data from Experian. With a score near this average, securing a HELOC should be achievable.

HELOC eligibility is affected by factors other than equity and credit score. Our HELOC calculator can provide insights by adjusting different variables, such as debt and income. This tool is a step towards understanding what you can expect when applying for a HELOC in New Hampshire.

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
$732/mo
Eligible to Borrow
$62,500
Loan-to-Value Ratio
80%
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 New Hampshire 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 offers a unique hybrid HELOC that operates like a credit card but is reported as a HELOC on credit reports. In New Hampshire, homeowners looking for affordable financing options can benefit from Aven's competitive APR range of 7.99% to 15.49%, without worrying about annual fees or prepayment penalties. It also offers a 0.25% rate discount with autopay, which can lead to more savings over time.

    Pros

    • Provides a credit card against home equity\
    • Earns 2% unlimited cashback
    • No origination or annual fees

    Cons

    • Line limit only up to $250,000
    • Card typically takes 10 business days to arrive
    • Charges 2.5% fee for certain cash outs
    Aven

How does MoneyGeek recommend lenders for affordability?


    Best HELOC Lender in New Hampshire 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

    If you're a New Hampshire homeowner with bad credit, getting a HELOC isn't out of reach. U.S. Bank is a top pick, needing just a 660 credit score to start. With APRs ranging from 8.95% to 13.1%, the terms are more forgiving than many.

    U.S. Bank offers a 0.5% rate discount for autopay, which can help reduce costs over time. This lender is is accredited by the BBB, adding a layer of trust despite not having a current rating.

    Pros

    • Offers fixed-rate option
    • Prequalify online available
    • Interest-only payment option

    Cons

    • Charges an annual fee of $75
    • Does not disclose customer service hours
    • Early closure fee up to $500
    U.S. Bank

How does MoneyGeek recommend lenders for people with bad credit?


    Best HELOC Lender in New Hampshire 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 best HELOC lender for large loan amounts in New Hampshire. Homeowners can fund high-cost projects like home renovations or cover education expenses. With it, you can borrow up to $1 million, which is far higher than many competitors offer.

    Homeowners benefit from extended repayment periods with a 10-year draw period followed by a 20-year repayment period, allowing ample time to manage borrowed funds without stress. No annual fees mean keeping costs down over the loan's lifetime. Assistance during financial hardship is a feature that provides additional peace of mind for borrowers. U.S. Bank is accredited by the BBB, though it currently does not have a rating.

    Pros

    • Introductory rate of 6.99% for six months
    • No closing costs or annual fees
    • Maximum $1 million loan amount

    Cons

    • In-person closing at financial center required
    • Undisclosed HELOC minimum requirements
    • Online applications require $25,000 minimum
    Bank of America

How does MoneyGeek recommend lenders for large loan amounts?


    Best HELOC Lender in New Hampshire 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 top choice in New Hampshire for homeowners looking to use a HELOC for debt consolidation — a HELOC can help combine debts like credit card and medical bills into one with lower interest rates.

    Look for options with interest rates below your current debts, quick access to funds and high enough limits. PNC fits the bill, offering a minimum APR of 8.22% and max APR of 14.5%, funding within three days after closing and allowing you to borrow up to $1 million. Homeowners benefit from potentially lower costs and streamlined management of their financial obligations.

    Pros

    • Switch between variable and fixed rates
    • 0.25% autopay rate reduction with PNC account
    • Reimburses various loan processing fees

    Cons

    • 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 New Hampshire

MoneyGeek has shared its picks for top HELOC lenders in New Hampshire. If you're considering other lenders, the following strategies will guide you to make an informed decision, ensuring your choice aligns with your financial goals.

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    Define Your HELOC Goal

    Choosing the best HELOC in New Hampshire starts with your goal. Need to renovate your home or consolidate debt? Lenders vary in offers and terms. Clear objectives align with the right lender offers, streamlining your search. Aim for low interest and suitable repayment periods.

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    Verify Lender Credibility

    Always review lender reputation. Check ratings with the Better Business Bureau and license status through the New Hampshire Banking Department. Trustworthy lenders have positive BBB scores and government compliance for confidence in your choice.

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    Compare Rates and Fees

    Don't just look at interest rates. Dive into HELOC features like closing costs and prepayment penalties. Scrutinize fee structures and conditions across lenders to uncover the best HELOC deal in New Hampshire.

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    Assess Community Standing

    A lender's local reputation in New Hampshire can be telling. Those recognized with awards or strong community relations are often reliable. Look for community engagement and local customer testimonials to gauge their service commitment.

    loanReview icon

    Check Lender Flexibility

    Adaptability matters for a HELOC. Inquire about options like interest-only payments, converting variable rates to a fixed-rate HELOC and online prequalification benefits. Flexible lenders cater to your needs.

FAQ: HELOC Lenders and Rates in New Hampshire

Got questions on picking a HELOC lender in New Hampshire? We've compiled answers to common inquiries to aid you in making informed choices for your home equity needs.

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

About Zachary Romeo

Zachary Romeo headshot

Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.

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