Compare HELOC Rates & Lenders
Tap into your home equity with competitive rates
See HELOC rate options from lenders with a quick request. Compare draw amounts, rates, and terms side-by-side.
How It Works
Enter your desired amount
Tell us how much you'd like to access from your home equity.
Share a few property details
Provide your estimated home value, remaining mortgage balance, and the basic information lenders use to evaluate options.
Compare HELOC offers and choose
Review potential rates, draw limits, and repayment terms side-by-side, then pick the option that fits your needs.
What Homeowners Commonly Use HELOCs For
Availability and terms vary by lender, but HELOCs are often used for:
Debt Consolidation
Roll high-interest balances into a single, lower-rate line of credit.
Home Renovations
Fund kitchen remodels, additions, or major repairs using your home's equity.
Large Expenses
Cover major costs like tuition, weddings, or medical bills with flexible draws.
Investment Property
Use equity from your primary home to fund a down payment on a rental or second property.
Emergency Fund
Keep a HELOC open as a safety net. You only pay interest on what you draw.
Business Expenses
Access capital for a small business without a traditional business loan.
Estimate Your HELOC Monthly Payment
Est. monthly payment
$1,026 /mo
Total interest
$11,550
Total repayment
$61,550
See the rate lenders would actually offer you.
Check My RateAdjust the draw amount, term, and estimated APR to see a simple payment estimate. HELOC rates are typically variable and tied to the prime rate. Final rates, terms, and credit limits depend on lender review, home equity, and eligibility.
Why Compare HELOCs?
Compare multiple HELOC lenders in one place
View potential rates, draw limits, and terms side-by-side instead of applying one-by-one.
Find rates that fit your budget
Compare APRs, draw periods, and repayment terms to find the right HELOC for your situation.
Check options with no obligation
Submit a quick request to see potential HELOC offers. You're not required to accept anything.
FAQ
Common Questions
How much equity do I need to qualify for a HELOC?
Most lenders want you to keep some equity in the home after the line is opened, commonly around 15% to 20%, which means a combined loan-to-value of roughly 80% to 85%. Requirements vary by lender, credit profile, and property type.
Are HELOC rates fixed or variable?
Most HELOCs carry a variable rate tied to the prime rate, so your payment can move as rates change. Some lenders offer a fixed-rate option on part or all of the balance you draw.
What is a draw period vs. a repayment period?
During the draw period, often 5 to 10 years, you can borrow against the line as needed and typically pay interest only on what you've drawn. In the repayment period that follows, usually 10 to 20 years, you can no longer draw and you pay back principal plus interest.
Is HELOC interest tax-deductible?
Under current federal rules, interest may be deductible when the funds are used to buy, build, or substantially improve the home that secures the line, subject to limits. Interest on funds used for other purposes generally is not deductible. Talk to a tax professional about your situation.
Ready to compare HELOC rates?
Compare rates, draw limits, and terms side-by-side.