Best HELOC Rates and Lenders in Oregon (2024)

Lower is the best HELOC lender in Oregon. It offers an APR range from 8.75% to 13.5% and loan amounts from $15,000 to $500,000, which are suitable for a variety of borrower needs. With a minimum credit score requirement of 580, more homeowners may use their home equity. Lower doesn't charge an annual fee. The lender's A+ rating from the BBB assures borrowers of its transparency and reliability. Oregon homeowners can benefit from Lower’s straightforward approach for tapping into their home equity.

Aven is the best HELOC lender for Oregon homeowners who focus on cost savings. It offers competitive APRs from 7.99% to 15.49%, ensuring affordable borrowing costs. Aven's product is a hybrid HELOC that operates like a credit card but is reported as a HELOC to credit bureaus. With no annual fees and a 0.25% rate discount for autopay, homeowners can save more over time. There are no origination fees or prepayment penalties, enhancing the cost-effectiveness for those prioritizing affordability.

U.S. Bank is the top choice for Oregon homeowners with less-than-stellar credit. It considers borrowers with a minimum credit score of 660. Its APR range of 8.95% to 13.1% and the 0.5% discount for autopay provide ways to manage costs. Additionally, U.S. Bank is BBB accredited, though it currently doesn't have a rating. Its offering includes no closing costs and the possibility of smaller lines starting at $15,000. This flexibility may appeal to homeowners seeking to leverage their home equity without exceeding their financial boundaries.

Bank of America is the best HELOC lender in Oregon for large loan amounts. A HELOC can provide funding for renovations or education expenses. With a maximum loan amount of $1 million, ample repayment terms of up to 20 years and no annual fees, this lender offers strong flexibility for homeowners needing considerable funds. It also extends hardship assistance, adding a safety net for borrowers during tough times. It’s like having a credit card for your home's equity while also benefiting from potential tax deductions for interest paid. U.S. Bank is accredited by the BBB, though it currently has no rating.

PNC Bank is the top HELOC lender for homeowners in Oregon looking to consolidate debt like credit cards or medical bills. It doesn't have a pre-set ceiling on creditworthiness, accommodating a wider array of borrowers. It offers APRs ranging from 8.22% to 14.5%, allowing you to swap out the higher interest rates you're currently paying for a more manageable rate. Borrowers can also access amounts from $10,000 to $1,000,000, which is likely enough to cover combined debt balances. Funds are typically available within three days after closing so you can address debts swiftly. Note that if you decide to close within 36 months, PNC Bank imposes an early closure penalty as reimbursement for covering your closing costs. If you're looking to consolidate with a HELOC, these offerings could streamline your finances without weighing you down in additional fees.