HELOC statistics

En español. Key numbers from 9,601 real HELOCs funded by Shawn Way's team, updated monthly. Each figure below can be quoted on its own with a link to this page.

Reviewed by Shawn Way, NMLS #1007298★ 4.9 from 111 reviewsUpdated October 28, 2026

Key HELOC statistics

From HELOCHQ's analysis of HELOCs funded by loan officers on Shawn Way's team at West Capital Lending. Each statistic has its own link for citing.

1. Loan officers on Shawn Way's team funded 9,601 HELOCs between January 2023 and October 2026, in 41 states (the team's loan officers hold licenses in more states than Shawn personally).
2. The median line on those HELOCs was $92,000, and the middle half fell between $57,000 and $145,000.
3. The median home behind a HELOC funded by Shawn Way's team was valued at $500,000.
4. The median line equaled 18% of the home's value.
5. 86% of the HELOCs Shawn Way's team funded had a fixed rate; 14% were variable.
6. Fixed-rate share by year: 71% in 2023; 92% in 2024; 88% in 2025; 84% in 2026.
7. Shawn Way's team funded an average of 409 HELOCs a month in 2026, up from 23 a month in 2023.
8. In 2026, HELOCs funded by Shawn Way's team started at a median 7.55% for credit scores of 760+ and 11.47% for scores under 640, a gap of 3.92 percentage points.
9. In 2026, the median starting rate on those HELOCs was 8.65% fixed and 9.26% variable.
10. 90% of the HELOCs were on primary residences, 3% on investment properties, 1% on second homes and 5% on other or unrecorded occupancy.
11. 17% of lines were under $50,000, and 24% were $150,000 or more.
12. Repayment terms on HELOCs funded in 2026: 55% 30 years, 38% 20 years, 5% 15 years, 3% 10 years.
13. The five states with the most HELOCs were California (27%), Florida (12%), Arizona (6%), Ohio (4%), Virginia (4%).

The typical ranges on HELOC rates today come from this same data: the middle half of primary-home HELOCs funded in the last three months, adjusted to today's prime rate. The figures below cover every HELOC the team closed, across all property types and dates.

Source: HELOCHQ analysis of 9,601 HELOCs funded by loan officers on Shawn Way's team at West Capital Lending, January 2023–October 2026. These are historical starting rates and amounts on funded loans, not offers or quotes. Your rate depends on your credit, home value, line size, property and the date you apply.

HELOC rates by credit score (2026)

Starting rates on HELOCs funded in 2026, by credit band. Low and high are the 10th and 90th percentiles. Today's typical rates are on HELOC rates today.

HELOC line sizes

How these numbers were calculated

The figures come from West Capital Lending funding records for HELOCs closed by loan officers on Shawn Way's team (The Masters), from January 2023 through October 2026. Records contain no names, addresses or account details: only the month funded, state, line amount, home value, starting rate, credit band, occupancy, fixed or variable rate and term. Medians are used so a few very large or very small lines don't distort the picture. Rates by credit score cover only loans with a recorded credit band. This is one team's lending, not a national survey.

How we verify these numbers

• One source, recomputed every time. Every figure on this page, the HELOC Rate Index, the HELOC Report, the state pages and the typical rate ranges on HELOC rates today is calculated by code from the team's funding records, never typed in by hand. No number is typed in by hand, and each page states the period its figures cover.
• Every funded HELOC counts. The file holds every HELOC funded by loan officers on the team in the period, not a chosen sample. Records without a line amount are left out, and so is anything funded before 2023.
• Small groups are held back. A figure for a state, month or credit band is shown only when enough loans sit behind it (at least 10 to 30, depending on the table), so one unusual loan can't set the number.
• Medians, not averages. Medians keep a few very large or very small lines from pulling the figures.
• No borrower details. The file carries only month, state, line amount, home value, starting rate, credit band, occupancy, fixed or variable and term.
• Limits stated plainly. This is one lending team's results, not a national survey; the borrower mix changes over time; and starting rates are historical, not offers.

Reporters and researchers can download the figures (CSV) and ask Shawn about the method through the press page.

Month-by-month rates are in the HELOC Rate Index. Charts, the shift to fixed-rate HELOCs and state-by-state detail are in the full HELOCHQ HELOC Report. Recent individual examples are on recently funded HELOCs.

How to cite these statistics

Download these statistics (CSV), free to reuse with credit under CC BY 4.0. Journalists: see the press page.

To cite one number, link straight to it: every statistic above has its own address, such as https://helochq.com/learn/heloc-statistics/#stat-fixed-share.

Questions about these numbers

What is the average HELOC amount?

The typical HELOC amount in HELOCHQ's analysis of 9,601 funded HELOCs was a median $92,000, with half of all lines between $57,000 and $145,000. The median is used because a few very large lines would pull an average up.

What share of HELOCs have a fixed rate?

86% of the 9,601 HELOCs Shawn Way's team funded from January 2023 to October 2026 had a fixed rate. Many lenders now let borrowers fix the rate on all or part of the balance; see fixed-rate HELOC options.

How much does credit score change a HELOC rate?

Credit score changes a HELOC rate by several points: in 2026, HELOCs Shawn Way's team funded started at a median 7.55% for 760+ credit versus 11.47% for scores under 640, a gap of 3.92 percentage points. See credit score for a HELOC.

More in HELOC guides

• Credit score for a HELOC
• HELOC closing costs and fees
• How long a HELOC takes
• Does a HELOC require an appraisal?
• Is HELOC interest tax deductible?
• Fixed-rate HELOC options
• Can you pay off a HELOC early?
• How to refinance a HELOC

All HELOC guides →