HELOCs by state
Rates, limits and the local rules that change how a HELOC works where you live: Texas's 80% cap, community property signing rules, state mortgage taxes and more.
In which states does Shawn Way offer HELOCs?
Shawn Way is licensed to offer HELOCs in 36 states and the District of Columbia, from Alabama to Wyoming. Rates are similar from state to state because they follow the national prime rate; what changes is home values, closing costs and state rules, such as Texas's 80% cap and 12-day waiting period.
Choose your state
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Hawaii
Idaho
Iowa
Kansas
Kentucky
Maine
Maryland
Michigan
Minnesota
Missouri
Nebraska
New Hampshire
New Mexico
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
South Dakota
Tennessee
Texas
Utah
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Home equity by state
Median owner-occupied home values, and the line a typical home could support with half of its value still owed, at each state's usual cap (80% in Texas, 85% elsewhere).
| State | Median home value | Typical line, half owed | Foreclosure process |
|---|---|---|---|
| Hawaii | $839,100 | $293,685 | Either |
| District of Columbia | $737,100 | $257,985 | Trustee sale |
| California | $734,700 | $257,145 | Trustee sale |
| Washington | $564,600 | $197,610 | Trustee sale |
| Colorado | $539,400 | $188,790 | Trustee sale |
| Utah | $489,400 | $171,290 | Trustee sale |
| Oregon | $477,600 | $167,160 | Trustee sale |
| Maryland | $419,900 | $146,965 | Either |
| Idaho | $418,600 | $146,510 | Trustee sale |
| New Hampshire | $402,500 | $140,875 | Trustee sale |
| Arizona | $394,500 | $138,075 | Trustee sale |
| Virginia | $383,700 | $134,295 | Trustee sale |
| Connecticut | $366,900 | $128,415 | Court |
| Florida | $359,000 | $125,650 | Court |
| Alaska | $352,900 | $123,515 | Trustee sale |
| Delaware | $352,000 | $123,200 | Court |
| Minnesota | $329,300 | $115,255 | Trustee sale |
| Wyoming | $309,700 | $108,395 | Trustee sale |
| Maine | $296,600 | $103,810 | Court |
| Tennessee | $286,700 | $100,345 | Trustee sale |
| Texas | $283,800 | $85,140 | Trustee sale |
| Wisconsin | $266,500 | $93,275 | Court |
| South Dakota | $257,400 | $90,090 | Either |
| Pennsylvania | $254,500 | $89,075 | Court |
| North Dakota | $249,900 | $87,465 | Court |
| New Mexico | $248,100 | $86,835 | Court |
| Nebraska | $238,600 | $83,510 | Either |
| Michigan | $231,600 | $81,060 | Trustee sale |
| Missouri | $230,300 | $80,605 | Trustee sale |
| Kansas | $217,200 | $76,020 | Court |
| Ohio | $214,800 | $75,180 | Court |
| Alabama | $209,900 | $73,465 | Trustee sale |
| Iowa | $208,000 | $72,800 | Court |
| Kentucky | $205,600 | $71,960 | Court |
| Oklahoma | $199,800 | $69,930 | Either |
| Arkansas | $188,000 | $65,800 | Either |
| West Virginia | $162,600 | $56,910 | Trustee sale |
U.S. Census Bureau, American Community Survey 5-year estimates, 2020–2024. Rates are similar from state to state because they follow the national prime rate; what differs is home values, closing costs and state rules. This week's rates.
State rules that matter most
Texas limits home equity borrowing to 80% of value and adds a 12-day waiting period. Community property states (Arizona, California, Idaho, New Mexico, Texas, Washington and Wisconsin) usually require a spouse's signature. A few states charge mortgage or recording taxes on the line amount. Each state page lists what applies there.