Best HELOC Lenders

Managing Your Mortgage, Mortgages
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A home equity line of credit, so often referred to as a HELOC, is a convenient way to draw on the value of your home — and tap the equity only as you need it. That’s a good thing, because your home’s long-term value can be a real wealth-building tool.

Having a HELOC to access can be a real budget saver, especially when you use your home’s equity for the right reasons.

NerdWallet has chosen some of the best mortgage lenders for a home equity line of credit in several categories, to help you find the one that’s right for you.

Best HELOC lenders for unique account features

If you’re seeking more than plain-vanilla HELOC services, these lenders offer special interest rate adjustments or unique fixed-rate options.

usbank-logo-55x270 3.0-stars
  • Variable as well as fixed-rate options.
  • Customers can convert balances to as many as three fixed-rate options at one time.
  • Shows selection of HELOC rates online.
  • U.S. Bank mortgage review
penfed-logo-55x270 3.0-stars
  • HELOCs from $10,000 to $400,000.
  • Closing cost credits available to certain applicants.
  • Also offers HELOCs that offer rate adjustments every five years.
  • PenFed mortgage review

Best HELOC lenders for face-to-face service

Lenders to choose when you are looking for convenient local branches. These national banks have thousands of locations, and there’s a good chance one is near you.

WF-Logo-270-55 3.5-stars
  • Full menu of home equity loan products.
  • Offers discounts for auto pay from Wells Fargo checking account.
  • Allows conversion of all or part of outstanding variable-rate balance to fixed rate.
  • Wells Fargo mortgage review
Chase-logo 3.5-stars
  • Offers broad array of home equity products nationally.
  • Option to convert HELOC to fixed rate for up to 20 years.
  • Strong online presence, with loan tracking capability once application is approved.
  • Chase mortgage review

Best HELOC lenders for customer satisfaction

Of the lenders we consider top notch, these have among the highest customer satisfaction ratings, as determined by J.D. Power’s annual Primary Mortgage Origination Satisfaction Study.

citimortgage 4.0-stars
  • Citibank customers can link their HELOC to their checking or savings account.
  • HELOC withdrawals can be made from a Citi ATM.
  • Available in all 50 states.
  • CitiMortgage review
Chase-logo 3.5-stars
  • Offers broad array of home equity products nationally.
  • Option to convert HELOC to fixed rate for up to 20 years.
  • Strong online presence, with loan tracking capability once application is approved.
  • Chase mortgage review

Best HELOC lenders with financial flexibility features

These lenders offer HELOCs with services that provide a little extra financial flexibility. 

  • No closing costs for loans of $250,000 or less; other fees may apply.
  • 0.25% discount for auto pay from PNC account.
  • Fixed, variable, interest-only and principal and interest payment options available.
  • PNC mortgage review
connexus_270x55 3.0-stars
  • Offers complete line of home equity loan products.
  • HELOCs come with 15-year draw period, 15-year repayment period.
  • Semi-annual rate adjustment.
  • Connexus mortgage review

Best HELOC lenders with existing-customer perks

If you’re already a customer of these lenders, your loyalty may be rewarded with reduced fees and interest rate discounts.

suntrust mortgage 4.0-stars
  • Offers a broad array of home equity loan options.
  • Borrowers can get rate discounts for taking immediate disbursement of funds at closing.
  • No closing costs for existing customers who have been with the bank for 3 years.
  • SunTrust mortgage review
flagstar_logo-55x270 4.5-stars
  • Offers a range of home equity loan products.
  • Rate discounts for existing customers with high credit scores who withdraw at least $25,000 at closing.
  • No annual fee for first year, then $75 per year.
  • Flagstar Bank mortgage review

Best HELOC lenders: summary

More from NerdWallet
Notify me when I can save by refinancing
The pros and cons of home equity lines of credit
Tips for getting best HELOC rates

NerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.