HELOC lenders compared
Published terms from 15 HELOC lenders, side by side: credit minimums, how much you can borrow, line sizes and fees.
Reviewed by Shawn Way, NMLS #1007298★ 4.9 from 111 reviewsUpdated
What is the best HELOC lender?
The best HELOC lender depends on what you need. Highest borrowing limit: Navy Federal (up to 95%, members only), Spring EQ (up to 90%, credit from 640) and Huntington (up to 89.99%). Largest lines: Citizens (up to $2,000,000). Fastest: Figure, online. Compare the margin after any intro rate and total fees on at least two written quotes. Terms as published, checked October 26, 2026.
On this page
Side by side
| Lender | Type | Credit | Max borrowing | Line size |
|---|---|---|---|---|
| Bank of America | National bank | 660+ | Generally up to 85% | Not stated; pricing assumes $100,000 |
| U.S. Bank | National bank | 660+ | Not stated; best rate assumes 60% LTV | Not stated; lines under $50,000 may price higher |
| Navy Federal Credit Union | Credit union (military) | Not stated; best rate assumes 750 | Up to 95% of home equity, per the lender | $10,000–$500,000 |
| Third Federal | Savings and loan | Not stated | Not stated | Not stated |
| Spring EQ | Home equity specialist | From 640 | Up to 90% of home value | $50,000–$500,000 |
| Figure | Online lender | Not stated on the page | Not stated on the page | Up to $750,000 |
| PenFed Credit Union | Credit union | Not stated | Up to 85% (80% in Texas and on condos) | $25,000–$500,000 |
| Citizens | Regional bank | 680+ | Up to 85% | $17,500–$2,000,000 |
| PNC Bank | National bank | Not stated | Not stated; loan-to-value affects the rate | $10,000–$1,000,000 |
| TD Bank | Regional bank | Not stated | Not stated | $25,000–$500,000 |
| Truist | Regional bank | Not stated; excellent credit needed for the lowest rates | Not stated | $15,000–$1,000,000 |
| Flagstar Bank | National bank | 680+ | Not stated (80% in Texas); 15%–20% equity required | $10,000–$1,000,000 |
| Huntington Bank | Regional bank | Not stated | Up to 89.99% (80% in Texas) | $10,000 and up; lines under $25,000 price higher |
| KeyBank | Regional bank | Not stated | Up to 80% on owner-occupied homes | $10,000–$500,000 |
| Regions Bank | Regional bank | Not stated | Up to 85% (80% in Texas) | $10,000–$500,000 |
From each lender's website, checked October 26, 2026. Open a review for fees, terms and sources, or browse all HELOC lender reviews.
Use a free calculator, or get your HELOC rate from Shawn.
Head-to-head comparisons
- Bank of America vs. U.S. Bank
- Navy Federal Credit Union vs. PenFed Credit Union
- Figure vs. Spring EQ
- Figure vs. Bank of America
- Citizens vs. PNC Bank
- Truist vs. Regions Bank
- PNC Bank vs. Huntington Bank
- TD Bank vs. Citizens
- Flagstar Bank vs. Figure
- KeyBank vs. Huntington Bank
- Third Federal vs. PenFed Credit Union
- U.S. Bank vs. PNC Bank
How to choose
- Already bank somewhere? Ask about relationship discounts; they can be worth more than a lower advertised rate.
- Need high loan-to-value or have mid-600s credit? Specialists and some credit unions go further than banks.
- Self-employed, unusual property, or recent credit event? Many direct lenders won't fit; a broker can reach non-QM and portfolio lenders.
Ten questions to ask any lender.
What separates a good HELOC offer
- The margin after any intro rate. It sets your rate for as long as you carry a balance. A quarter point on $100,000 is $250 a year.
- Total cost to open and keep. Closing costs, annual fees and early-closure fees. A "no closing cost" line with a $450 early-closure fee can cost more than one with modest upfront costs if you sell within three years.
- The lifetime cap and floor. They decide your worst case and whether you benefit if rates fall.
- Fixed-rate options. Being able to lock large draws protects you from rate rises without giving up the line.
- Fit with your situation. Loan-to-value limits, credit minimums, property types and state availability decide whether you can get the offer at all.
How these lenders were chosen
This comparison covers well-known lenders across the main types: national and regional banks, large credit unions, a savings and loan, a home equity specialist and an online lender. Facts come only from each lender's own website on the date shown; we don't publish lender ratings or accept payment for placement. Because terms change, every review links to its source.
Lender types, compared
| Type | Strengths | Trade-offs |
|---|---|---|
| National bank | Relationship discounts, large lines | Stricter credit and loan-to-value |
| Credit union | Low fees, long draw periods | Membership required, can be slower |
| Home equity specialist | Higher loan-to-value, lower credit floors | Fees and higher margins |
| Online lender | Speed, digital process | Fewer options for complex files |
| Broker | Compares many lenders at once | Quality depends on the broker |
Shawn Way is a loan officer at West Capital Lending, Inc., which may compete with the lenders reviewed here and may also arrange loans through some of them as a mortgage broker. Facts come from each lender's own website on the date shown and can change; confirm current terms with the lender.
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Sources
Official sources behind this guide.
- What is the difference between a home equity loan and a HELOC? · Consumer Financial Protection Bureau
- What you should know about home equity lines of credit (booklet, PDF) · Consumer Financial Protection Bureau
- Bank Prime Loan Rate (DPRIME) · Federal Reserve Bank of St. Louis, FRED
- Regulation Z §1026.40: Requirements for home equity plans · Consumer Financial Protection Bureau