Taylor Getler
Jeanette Margle
Johanna Arnone
This service is free and will not affect your credit score.
Best for North Carolina borrowers
Our take on State Employees' Credit Union
NC SECU's HELOC delivers low fees and a high borrowing limit, but closing may be slower. Credit union membership is limited.
Best for fixed-rate option
Our take on U.S. Bank
U.S. Bank's HELOC has no origination fee and no initial draw requirement. However, the lender charges a $75 annual fee (waived for those with a U.S. Bank Platinum checking account).
Best for military borrowers
Our take on Navy Federal
Navy Federal Credit Union, a top HELOC lender by loan volume, stands out for its high borrowing limit and long draw period of 20 years. Credit union membership is limited.
Best for rates shopping
Our take on TD Bank
TD Bank is a major HELOC lender, featuring a high borrowing limit and the option to fix your rate. Borrowers with a TD Bank checking account can get a rate discount.
Best for low introductory rates
Our take on Truist
Truist, one of the largest HELOC lenders in the country, offers an interest rate below prime for the first nine months, and borrowers can get a rate discount. However, you won’t find customized rates online.
Best for long repayment period
Our take on PNC Bank
PNC is among the largest HELOC lenders, offering a fixed-rate option, a wide range of repayment terms and no initial draw requirements. However, there is an annual fee of $50.
Best for HELOC loan expertise
Our take on Bank of America
Bank of America's HELOC features no annual fee as well as options for a rate discount, but time to close is on the longer side.
Best for cash back
Our take on Aven
Aven's HELOC offers fast closing, flexible repayment terms, and a rare cash-back feature, but the draw term is on the short side.
Best for flexible repayment options
Our take on Rate
Rate's HELOC has browsable rates and relatively fast closing, but note required initial withdrawal and shorter-than-usual draw period.
Best for fast closing
Our take on Lower
Lower's HELOC offers a fast closing and no annual fee, with various draw and repayment terms plus the flexibility of a fixed-rate option — though it does charge an origination fee.
Best for rate discounts
Our take on Flagstar
Flagstar posts sample HELOC rates online and offers an intro rate below prime, but an annual fee applies.
Best for California borrowers
Our take on Golden 1 Credit Union
Golden 1's HELOC delivers low fees and a fixed-rate option to California members, though time to close is not clear.
Best for fast closing
Our take on Figure
Online lender Figure is one of the top HELOC lenders in the nation by loan volume. The main appeal is its fast closing, but you’ll need to draw 100% of the line amount at closing and only have five years to keep borrowing.
Best for flexible repayment terms
Our take on Achieve
Achieve's HELOC has flexible terms and an unusual fixed rate, but the draw period is shorter than other lenders'.
Best for competitive APRs
Our take on Alliant
Alliant's HELOC posts sample rates online and has an intro rate below prime, but an annual fee applies and time to close is unclear.
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See if you could be eligible for a HELOC and estimate how much you could borrow
This calculator assumes an 85% max LTV, which could differ depending on lender.
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