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

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.

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.

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.

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.

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.