Best HELOC Rates and Lenders in Pennsylvania (2024)

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Reviewed byTimothy Manni
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Updated: April 21, 2024

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The best home equity line of credit (HELOC) lender in Pennsylvania is Lower. It is only available online and offers homeowners an APR range from 8.75% to 13.5% and loan amounts between $15,000 and $500,000. With no annual fees and a low minimum credit score requirement of 580, it is accessible to many borrowers.

MoneyGeek considered 17 HELOC lenders in Pennsylvania to identify the best choice. Other lenders not included in our review might have useful offers Pennsylvania residents can explore. For example, options like Piedmont Advantage Credit Union, Bellco Federal Credit Union and Members 1st Federal Credit Union could have unique value propositions worth considering.


    Overall Best HELOC Lender in Pennsylvania

  • 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 standout HELOC lender in Pennsylvania. It offers rates from 8.75% to 13.5%, loan amounts ranging from $15,000 to $500,000 and a minimum credit score requirement of 580. Lower ensures clear details are available online and provides personalized support post-application. Recognized with an A+ BBB rating, it aligns well with homeowner needs, helping them use their home equity with financial flexibility.


    • No annual fee
    • Minimum loan amount is $15,000
    • A+ rating from BBB


    • No fixed-rate HELOC conversion
    • No rate discounts
    • Unclear repayment period length

HELOC Rates in Pennsylvania by Credit Score

Your home equity line of credit (HELOC) APR can fluctuate based on multiple factors. In Pennsylvania, even with a solid credit score and an LTV Ratio below 80%, lenders might still offer varied rates tied to your repayment terms. Look at the provided table to see how different variables change your rate.

Loan Type

HELOC (10 year)


HELOC (15 year)


HELOC (20 year)



Comparing APRs can save you money when you shop for a HELOC in Pennsylvania. A lower APR means less interest over the loan's life, keeping monthly payments in your comfort zone and reducing the cost of borrowing against your home equity. This careful approach can transform your financial health over the years.

HELOC Calculator: Do You Qualify in Pennsylvania?

TransUnion's report reveals that homeowners in Pennsylvania have an average total tappable equity of $105,000. Higher home equity means you might be able to borrow more with a HELOC. Meanwhile, Experian states the average credit score in the state is 723. If your score is around this number, your chances of getting a HELOC look promising.

Eligibility for a HELOC depends on various factors, with home equity and credit score being key. Yet, there's more to consider. A HELOC calculator can provide a clearer picture of your options. This handy tool adjusts for various variables, aiding your quest for the right HELOC.


    Best HELOC Lender in Pennsylvania 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 is the best HELOC lender in Pennsylvania for homeowners looking to save money. Aven's product is a hybrid HELOC that acts like a credit card backed by your home's equity, but it's reported as a HELOC on credit reports. With APRs ranging from 7.99% to 15.49%, no annual fees and a 0.25% rate discount for autopay setup, this lender provides a cost-effective option. The absence of origination fees and early closure penalties further helps homeowners keep costs down while accessing up to $250,000 in credit.


    • Earns you 2% unlimited cash back for purchases
    • Credit card backed by your home's equity
    • No origination and annual fees or prepayment penalty


    • Line limit is up to $250,000 only
    • One-time 2.5% cash out fee
    • Card delivery takes 10 days

    Best HELOC Lender in Pennsylvania 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 top pick for Pennsylvania homeowners with bad credit who are looking for a HELOC. If your credit score isn't perfect, you still have options. U.S. Bank requires a minimum credit score of 660, which is more attainable than many lenders' credit score requirements. It also offers an APR range from 8.95% to 13.1%, making it easier to manage the cost of borrowing. Furthermore, U.S. Bank provides a 0.5% discount for autopay, which can help lower your payments. With no early closure penalty after 30 months and the option for interest-only payments during the draw period, this lender adapts to your financial needs. U.S. Bank is accredited by the BBB, though it currently does not have a rating.


    • Offers a 0.5% discount for autopay
    • Prequalification online available
    • Fixed-rate option available


    • In-person closing required
    • Early closure fee of up to $500
    • No financial hardship assistance
    U.S. Bank

    Best HELOC Lender in Pennsylvania 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 HELOC lender for homeowners in Pennsylvania seeking large loan amounts. A HELOC can fund high-cost projects like home renovations or pay for education expenses. With Bank of America, you can borrow up to $1 million, giving you significant financial leverage. The lender offers a 10-year draw period followed by a 20-year repayment period, allowing ample time to manage the borrowed funds effectively. Plus, with no annual fees, the cost over the lifetime of the loan is reduced.


    • Competitive intro rate (6.99%) in the first six months
    • No application, annual or closing fees
    • Offers financial hardship assistance


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

    Best HELOC Lender in Pennsylvania 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 best HELOC lender for debt consolidation in Pennsylvania. Due to its flexibility, you can use HELOCs to pay off higher-interest debts such as credit card balances or personal loans. With PNC Bank, you get competitive rates from 8.22% to 14.5%, allowing you to save on interest compared to what you currently pay. It also approves fast, giving you access to funds in just three days after closing, which is handy when you need to clear your debts swiftly. Homeowners in Pennsylvania looking for a generous line of credit will appreciate that its loan amount is up to $1 million. Plus, PNC has benefits like switching between fixed and variable rates and autopay discounts that reduce your rate further. With this lender, you can manage high-interest debt efficiently while enjoying flexible borrowing options. PNC Bank is accredited by the BBB with an A+ rating.


    • Offers assistance during financial hardship
    • Reimburses various fees and taxes
    • Allows switching between rate types


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

How to Choose a HELOC Lender in Pennsylvania

MoneyGeek has listed top HELOC lenders in Pennsylvania that cater to various needs. Yet, if you want to broaden your horizon, the following strategies can streamline the process, ensuring you find a lender that fits well with your financial scenario.


FAQ: HELOC Lender and Rates in Pennsylvania

Navigating the HELOC landscape in Pennsylvania can be streamlined by understanding common inquiries. These questions aim to arm you with knowledge to confidently select the lender that best fits your financial scenario.

A competitive HELOC rate in Pennsylvania is around 6%. This rate is for homeowners with an LTV ratio of 80% or less and a credit score of 680 to 740. Rates may vary based on individual creditworthiness and lender choice.

Lower is rated as the best overall HELOC lender in Pennsylvania. It offers an APR range of 8.75% to 13.5% and loan amounts ranging from $15,000 to $500,000, catering to a broad spectrum of financing needs. Its minimum credit score requirement of 580 makes it accessible to a wider array of homeowners.

Yes, homeowners with bad credit can still qualify for a HELOC in Pennsylvania. For example, U.S. Bank offers HELOCs for those with a minimum credit score of 660.

Bank of America is the top choice for homeowners in Pennsylvania seeking large loans for projects such as home renovations. With loan amounts of up to $1,000,000 and competitive repayment terms, it's a solid option for significant financing needs.

Yes, a HELOC can be an effective tool for debt consolidation. MoneyGeek recommends PNC Bank for this purpose. This lender offers APRs from 8.22% to 14.5% and up to $1,000,000 in loan amounts, with funds available three days after closing.

To find the right HELOC lender in Pennsylvania, understand your financial needs and your intended use for the HELOC. Different priorities or financial situations can make different lenders a better match. Be clear about your requirements, such as loan amounts, repayment terms and associated fees.