Top Ranked Home Equity Loan Rates by State

Key Takeaways

• Home equity rates moved this month, and the Federal Reserve is the reason. The Fed raised its benchmark by a quarter point in September, pushing the prime rate to 7.00% and lifting HELOC pricing with it.
• Bankrate’s national HELOC average is 7.28% as of September 23, 2026 — up 17 basis points in a single week, the largest jump of the year, arriving one week after the Fed’s move. Fixed home equity loan rates average 7.42% per Curinos, up from a 2026 low of 7.31% in late June.
• Rates vary by loan size and equity position. Curinos data reported by Forbes puts a $100,000 HELOC at 60% LTV at 7.36% APR and a $500,000 30-year home equity loan at 60% LTV at 7.91% APR. Smaller loans and higher CLTV price higher.
• Virginia, California, Florida, Maryland and New Jersey lead RefiGuide’s ranking of the 25 best states for home equity pricing.
• Credit unions consistently undercut national banks. Many waive closing costs entirely, and promotional HELOC rates currently start near 5.99% to 6.49% for well-qualified borrowers.
• Ohio’s Third Federal and Fifth Third post among the lowest starting APRs in the country.
• Texas caps home equity borrowing constitutionally: 80% CLTV, one loan at a time, and a 12-day waiting period before closing.

Reviewed by: Bryan Dornan, Mortgage Lending Expert (25+ years)  | Fact-Checked ✓

Homeowners have been scrambling to leverage their property’s equity have a variety of financing options across the United States. The RefiGuide ranks US states for the best home equity loan rates and HELOCs in 2026. Home equity loans and HELOCs offer new opportunities for these borrowers to access funds for purposes such as home remodeling, consolidating debt, or educational expenses. It’s not surprising that many of the high cost states like California, Colorado, Florida, Georgia, New Jersey, Virginia and Washington make the list for best home equity loan and HELOC rates in 2026.

Top 25 States for Best Home Equity Loan Rates, HELOCs and Terms

Home equity interest rates for these financial products can vary significantly based on factors like geographic location, lender policies, and individual borrower profiles.

What are interest rates on home equity loans today? The RefiGuide published this article ranking the best rates by state offering competitive HELOC and home equity loan rates in 2026. 

We broke down the top 25 states for competitive home equity loans and HELOCs if you were curious.

1. Virginia Home Equity Loan Rates

Virginia’s stable federal-employment base and unusually competitive credit union sector continue to produce home equity pricing below national benchmarks. As of September 2026, well-qualified Virginia borrowers are securing fixed second mortgages in the 6.75%–7.75% range. Credit unions drive most of that gap — several waive closing costs entirely. Because the Fed raised rates a quarter point in September, prime moved to 7.00% and variable HELOC pricing in Virginia rose with it. Compare fixed home equity loans against VA HELOC pricing before deciding — with prime rising, the fixed-rate option has become more attractive than it was this summer.

• Langley Federal Credit Union: HELOCs with no fees or closing costs. Fixed-rate home equity terms run 7 to 22 years. Verify current APRs — September pricing has moved.
• U.S. Bank: Loan amounts from $25,000 to $750,000 and terms up to 30 years. Lowest pricing requires 60% LTV or lower plus autopay enrollment.
• Bank of America: HELOCs with relationship-based rate discounts for existing deposit and investment customers.
• Virginia Credit Union: Fixed-rate home equity loans featuring no closing costs and predictable fixed monthly payments.

Compare home equity loan interest rates for Virginia Beach, Chesapeake, Arlington, Richmond and Norfolk at no cost.

2. California Home Equity Loan Rates

California’s scale and lender density keep second mortgage pricing competitive, though high property values push many borrowers into larger loan amounts where pricing improves. As of September 2026, California fixed home equity loans are running roughly 7.15%–8.25% for strong-credit borrowers. Larger balances still earn better rates. Whether you want a HELOC in San Diego, Los Angeles, Orange County, Riverside, San Jose or San Francisco, the RefiGuide helps you shop California home equity lenders online at no cost.

• U.S. Bank: California borrowers eligible for loan amounts up to $1 million — the highest ceiling of any major lender in the state.
• loanDepot: Home equity loans from $35,000 to $350,000 with fast digital approval on 10-year and 30-year terms. Verify current September pricing.
• Wells Fargo: California HELOCs with competitive variable pricing and flexible draw access.
• West Capital Lending: Irvine-based direct lender and broker offering fixed home equity loans and HELOCs, including non-QM options. Pricing is quoted individually rather than published.

3. Florida Home Equity Loan Rates

Florida’s insurance costs and condo lending restrictions make lender selection especially consequential, since fees often matter more than the headline rate. As of September 2026, Florida fixed home equity loans generally price between 7.50% and 8.60%. Credit unions remain the value leaders — several waive intangible tax, origination and title fees that can otherwise add 2%–5% to closing costs. Variable HELOC pricing tracks prime, which rose to 7.00% in September, so margins are what separate the best Florida offers from the rest.

• Space Coast Credit Union (SCCU): Principal-and-interest HELOCs priced as low as prime minus 0.50% — roughly 6.50% APR at current prime — with a 14-year term and a 7-year draw. Interest-only HELOCs start near prime plus 0.25%. SCCU waives typical third-party closing costs on home equity loans up to $250,000 on primary residences, including appraisal, recording, state tax stamps and title insurance.
• Regions Bank: Loan amounts from $10,000 to $250,000 with terms of 10 to 20 years. Verify current starting APR.
• Suncoast Credit Union: Both fixed-rate home equity loans and variable HELOCs, with closing cost credits available to qualifying members.
• Bank of America: HELOCs with rate discounts tied to existing banking relationships.

The RefiGuide can help you shop Florida HELOC rates by city — compare Jacksonville, Miami, Tampa, Orlando and St. Petersburg at no cost.

4. Maryland Home Equity Loan Rates

Maryland’s proximity to Washington, D.C. and Baltimore’s dense credit union market give borrowers access to some of the most aggressive second mortgage pricing on the East Coast. As of September 2026, Maryland fixed home equity loans generally price between 6.75% and 8.40%. The state’s credit unions are where the real savings sit, and multiple lenders cover closing costs outright. Compare Baltimore HELOC rates alongside fixed pricing before committing. Search home equity rates by city: Columbia, Germantown, Frederick, Waldorf and Silver Spring.

• APG Federal Credit Union (APGFCU): Advertises an introductory HELOC rate for the first 12 months, then a variable rate indexed to prime plus a 0% margin — currently 7.00% APR — on a maximum 85% CLTV. Verify the current introductory rate, which has likely changed since June.
• MECU Credit Union: HELOCs with a fixed introductory APR for 12 months at 80% LTV or below, converting to a variable rate at prime minus 0.25% — roughly 6.75% at current prime. Lines run from $5,000 up to 90% of your equity, and MECU covers initial closing costs on standard HELOCs — typically $850 to $1,000 on a $20,000 line — reimbursable only if you close the line within 12 months.
• PNC Bank: Fixed-rate home equity loans with flexible repayment terms. Verify current September pricing.
• Truist: HELOCs with fixed-rate conversion options on all or part of the drawn balance.

5. New Jersey Home Equity Loan Rates

New Jersey’s dense banking market and high median home values keep second mortgage competition strong. As of September 2026, New Jersey fixed home equity loans run roughly 6.50% to 8.50% depending on term, lien position and loan-to-value. Credit unions again lead on pricing, though the lowest advertised rates typically apply to shorter terms and conservative LTVs — read the term assumptions before comparing headline numbers. See variable and fixed rates for Newark, Jersey City, Paterson, Lakewood and Elizabeth.

• North Jersey Federal Credit Union (NJFCU): Fixed-rate home equity loans on terms up to 240 months at 80% combined loan-to-value. A $275 processing fee applies, plus appraisal costs, and advertised rates assume top-tier credit.
• First Harvest Credit Union: Fixed-rate home equity loans with a 0.25% discount for automatic payments from a First Harvest checking account. Second-lien loans reach $300,000 at up to 70% LTV. Closing costs are reimbursable if the loan is paid off within three years.
• APGFCU: Extends its Maryland home equity pricing into New Jersey, subject to membership eligibility.
• TD Bank: New Jersey home equity loans with fixed rates, no application fees, and terms from 5 to 30 years.
• Third Federal Savings & Loan: Amounts from $10,000 to $300,000 on 10-year and 30-year terms.

6. South Carolina Home Equity Loan Rates

South Carolina’s sustained in-migration and rising home values have expanded tappable equity across the state, and lender competition has followed. As of September 2026, South Carolina fixed home equity loans typically price between 7.00% and 8.60%. Borrowers in the Charleston and Greenville corridors generally see the tightest pricing, since national lenders compete hardest in growth markets. Compare current HELOC interest rates for Charleston, Columbia, North Charleston, Mount Pleasant and Rock Hill.

• Regions Bank: Loan amounts from $10,000 to $250,000 with terms of 10 to 20 years — among the most competitive bank pricing available in the Southeast.
• Truist: SC HELOCs with fixed-rate conversion features, letting borrowers lock portions of a variable balance at a fixed rate.
• APGFCU: Membership-eligible South Carolina residents can access the credit union’s introductory HELOC pricing and fixed home equity loans, with paid closing costs up to $1,200.
• South State Bank: Regional home equity loans with flexible terms and in-market underwriting for coastal and upstate properties.

7. Wisconsin Home Equity Loan Rates

Wisconsin’s steady home price appreciation and conservative lending culture produce home equity pricing close to national norms. As of September 2026, Wisconsin fixed home equity loans generally run 7.40% to 8.50%. After holding at 6.75% for eight months, prime rose to 7.00% in September — which means variable HELOC pricing has started climbing and the gap between fixed and variable options is narrowing. Price both before choosing.

• U.S. Bank: Terms up to 30 years and loan amounts from $25,000 to $750,000. Lowest pricing requires 60% LTV or lower plus autopay enrollment.
• Connexus Credit Union: Wisconsin-headquartered lender with terms of 5 to 15 years and a $5,000 minimum.
• Associated Bank: Fixed-rate Wisconsin home equity loans with a range of term options and established in-state branch servicing.
• Fifth Third Bank: Amounts from $10,000 to $500,000, with terms running 10 to 30 years.

Compare today’s home equity rates for Milwaukee, Madison, Green Bay, Kenosha and Racine.

8. Georgia Home Equity Loan Rates

Georgia’s population growth and Atlanta’s expanding financial sector keep second mortgage competition healthy across the state. As of September 2026, Georgia fixed home equity loans generally price between 7.00% and 8.60%. Georgia’s credit unions are unusually aggressive on HELOC indexing — several tie pricing to Treasury indexes rather than prime, which produces meaningfully different rate behavior. That distinction matters more now: Treasury yields surged past 5% in September while prime rose only a quarter point. Check variable and fixed home equity loan rates by GA city: Atlanta, Augusta, Columbus and Savannah.

• Peach State Federal Credit Union: HELOCs with variable APRs ranging from 4.00% to 18.00%, indexed to the 26-week U.S. Treasury bill plus a margin rather than prime. Rates adjust annually each June 1, with lines up to $150,000 and a $50 application fee. Available in Georgia and South Carolina. Verify the current index level — Treasury yields have moved substantially since spring.
• Georgia United Credit Union: Combo HELOC tied to prime with a 15.00% lifetime cap. Members can lock all or part of the balance into a fixed rate for terms up to 10 years — the first lock is free, additional locks are $50 each.
• Associated Credit Union: No-closing-cost HELOC program with adjustable pricing tied to WSJ prime, requiring a minimum 680 credit score and a maximum 80% CLTV on lines from $10,000 to $350,000. Available in Georgia, Florida, North Carolina, South Carolina, Alabama and Tennessee.
• Regions Bank: $10,000 to $250,000 with 10- to 20-year terms.
• Truist: HELOCs with fixed-rate conversion options across the Georgia footprint.

9. Michigan Home Equity Loan Rates

Michigan’s affordability relative to national medians means smaller loan balances, and lenders price accordingly — Michigan borrowers often see wider spreads between advertised and actual rates than in higher-value markets. As of September 2026, Michigan fixed home equity loans run roughly 6.75% to 9.25%, with term length and lien position driving most of the variance. The RefiGuide helps you compare the best HELOC rates in Michigan from banks, credit unions and lenders you can trust.

Michigan Schools & Government Credit Union (MSGCU)

• Fixed-rate home equity loans with terms extending to 15 years and low closing costs. Second-lien loans available at up to 80% LTV.
• HELOCs with a 10-year draw period followed by a 15-year repayment period. A $75 annual fee may apply on the standard HELOC; the interest-only HELOC carries no annual fee and no initial advance requirement. Michigan properties only.

Lake Michigan Credit Union (LMCU)

• Fixed-rate home equity loans with no application fees and no annual fees, available on Michigan and Florida properties. Best pricing requires CLTV under 80%.
• Variable-rate HELOCs capped at 18.00% APR. Borrower-paid closing costs on loans up to $500,000 typically range from $225 to $7,850, so request a fee estimate alongside any rate quote.

University of Michigan Credit Union (UMCU)

• HELOCs with a 13.00% lifetime cap — notably tighter than the 18% ceiling most lenders use. No annual fee and no prepayment penalty. Michigan properties only. That cap matters more in a rising-rate environment.

Check variable and fixed home equity rates by MI city: Detroit, Grand Rapids, Warren, Sterling Heights and Ann Arbor.

10. Texas Home Equity Loan Rates

Texas home equity lending operates under constitutional restrictions found nowhere else in the country, and those rules matter more than the rate itself. As of September 2026, Texas fixed home equity loans generally price between 7.25% and 8.60%. Under the Texas Constitution, total secured debt cannot exceed 80% of fair market value, you may hold only one home equity loan at a time, closing must wait at least 12 days after application, and lender fees are capped at 2% of the loan amount excluding certain third-party charges. Agricultural-use homesteads face additional limits. Check today’s TX HELOC rates for Houston, San Antonio, Dallas, Fort Worth and Austin.

• Frost Bank: Texas home equity loans and HELOCs with no closing costs on qualifying transactions, plus in-state underwriting familiar with Texas 50(a)(6) requirements.
• Third Federal Savings & Loan: Amounts from $10,000 to $300,000 on 10-year and 30-year terms.
• Bank of America: HELOCs with relationship-based rate discounts for existing deposit and investment customers.
• loanDepot: Home equity loans from $35,000 to $350,000.

11. North Carolina Home Equity Loan Rates

North Carolina’s banking concentration in Charlotte and sustained migration into the Raleigh-Durham corridor keep home equity pricing competitive. As of September 2026, North Carolina fixed home equity loans typically run 7.00% to 8.50%. Borrowers in the Charlotte and Triangle markets generally see the tightest spreads, since national lenders compete hardest where transaction volume is highest.

• Regions Bank: Loan amounts from $10,000 to $250,000 with terms of 10 to 20 years.
• Associated Credit Union: No-closing-cost HELOC available to North Carolina members, 680 minimum credit score, maximum 80% CLTV, lines from $10,000 to $350,000.
• APG Federal Credit Union: Extends home equity lending into North Carolina with an introductory HELOC rate followed by prime plus a 0% margin — currently 7.00% APR. Membership eligibility applies.
• Truist: Charlotte-headquartered lender offering both fixed home equity loans and HELOCs with fixed-rate conversion features.
• Bank of America: NC HELOCs with rate discounts for qualifying relationship customers.

Check current HELOC interest rates for Charlotte, Raleigh, Greensboro, Durham and Winston-Salem.

12. Connecticut Home Equity Loan Rates

Connecticut’s high median home values produce larger equity positions than most states, and larger balances typically earn better pricing. As of September 2026, Connecticut fixed home equity loans generally price between 7.50% and 8.60%. Prime rose to 7.00% in September after eight months at 6.75%, which has started pushing variable HELOC pricing higher — worth comparing both structures before choosing.

• Webster Bank: Connecticut-headquartered lender offering fixed-rate home equity loans and HELOCs with in-state servicing.
• M&T Bank: Now serves the former People’s United Bank branch network across Connecticut following the completed merger, offering HELOCs with fixed-rate lock options.
• Third Federal Savings & Loan: Terms from 5 to 30 years on amounts from $10,000 to $300,000.
• U.S. Bank: Terms up to 30 years and amounts from $25,000 to $750,000.

13. Pennsylvania Home Equity Loan Rates

Pennsylvania’s stable housing market and mix of regional banks, national lenders and credit unions produce home equity pricing close to national norms. As of September 2026, Pennsylvania fixed home equity loans generally run 7.00% to 8.50%. Credit unions serving the eastern half of the state — several of which lend across the New Jersey border — offer some of the most competitive terms available.

• APG Federal Credit Union: Lends into Pennsylvania with an introductory HELOC rate for the first 12 months, converting to prime plus a 0% margin — currently 7.00% APR — with paid closing costs up to $1,200. Membership eligibility applies.
• First Harvest Credit Union: Fixed home equity loans with automatic payment discounts, serving Pennsylvania and New Jersey properties. Second-lien amounts reach $300,000 at up to 70% LTV.
• PNC Bank: Pittsburgh-headquartered lender with fixed home equity loans on $100,000 to $150,000 balances.
• Truist: PA home equity loans and HELOCs with fixed-rate conversion options.

Compare fixed equity loan and HELOC rates for Philadelphia, Pittsburgh, Allentown, Reading and Erie.

14. Ohio Home Equity Loan Rates

Ohio is home to two of the lowest-priced home equity lenders in the country, which makes it one of the best states in this roundup for rate shopping. As of September 2026, Ohio fixed home equity loans run roughly 6.85% to 8.40%. Both Third Federal and Fifth Third are Ohio-headquartered and price aggressively in their home market.

• Third Federal Savings & Loan (Cleveland): Among the lowest starting APRs in Bankrate’s national survey. Amounts run $10,000 to $300,000 with terms from 5 to 30 years.
• Fifth Third Bank (Cincinnati): Amounts from $10,000 to $500,000, with terms of 10 to 30 years — the highest loan ceiling among the lowest-priced lenders.
• Huntington Bank (Columbus): HELOCs with competitive variable pricing and relationship discounts for existing checking customers.
• U.S. Bank: Best pricing with autopay enrollment at 60% LTV or lower.

Compare Ohio HELOC lenders for Columbus, Cleveland, Cincinnati, Toledo and Akron.

15. Washington Home Equity Loan Rates

Washington’s high home values,  particularly across the Puget Sound region — mean substantial tappable equity and loan amounts that frequently exceed standard lender ceilings. As of September 2026, Washington fixed home equity loans generally price between 7.40% and 8.60%, though larger balances often qualify for better pricing. Washington has no state income tax but does impose an excise tax on certain real estate transactions, so confirm which fees apply to a second lien before closing.

• U.S. Bank: Loan amounts from $25,000 to $750,000 and terms up to 30 years — a meaningful advantage in high-value Washington markets. Best pricing requires 60% LTV or lower plus autopay.
• Fifth Third Bank: Amounts up to $500,000 with terms from 10 to 30 years.
• loanDepot: Home equity loans from $35,000 to $350,000 on 10-year and 30-year terms.
• Wells Fargo: HELOCs with competitive variable pricing and flexible draw access across the Washington footprint.

Compare fixed and variable HELOC rates for Seattle, Spokane, Tacoma, Vancouver and Bellevue.

Accessing your home’s equity through a Home Equity Line of Credit or HELOC or a home equity loan can be a strategic financial move, especially when you secure favorable interest rates.

While interest rates can vary based on individual credit profiles and lender policies, certain states offer more competitive environments due to factors like lender competition, state regulations, and economic conditions.

Based on recent data, here are more states that stand out for offering some of the best HELOC and home equity loan rates in 2026:​

16. Idaho Home Equity Loan Rates

Idaho’s robust housing market and competitive lending landscape contribute to attractive home equity financing options. Homeowners in the Pacific Northwest  can benefit from favorable terms and low Idaho HELOC intro rates.

1. Idaho Central Credit Union (ICCU): ICCU provides home equity lines of credit with low variable rates and easy access to funds via a Visa card. They offer a ten-year line of credit with interest-only payment options. Compare today’s HELOC rates in Idaho.
   

2. LoanDepot: Specializing in attractive home equity loans in Idaho, LoanDepot offers competitive rates and a streamlined application process, facilitating access to your home’s equity for various financial needs. ​Low intro ID HELOC rates and flexible credit lines for self-employed and retired borrowers.

17. Colorado Home Equity Loan Rates

With a strong economy and a high rate of home appreciation, Colorado offers homeowners substantial equity to tap into. Lenders in the state provide competitive rates to capitalize on this equity. Compare Colorado HELOC rates with fixed interest rate 2nd mortgages from top CO lenders across this great state.

• Colorado Credit Union: This institution offers both fixed-rate home equity loans and revolving credit lines with competitive Colorado HELOC interest rates tailored to fit various budgets. ​

• Bank of America: Operating nationwide, Bank of America provides HELOCs with flexible terms, allowing borrowers in Colorado to access funds as needed with potentially favorable rates. ​BofA always competes for the best HELOC rates in Colorado​.

Now you can shop and compare HELOC rates for CO cities, such as, Denver, Colorado Springs, Aurora, Fort Collins and Lakewood.

18. Illinois Home Equity Loan Rates

Illinois, particularly the Chicago metropolitan area, boasts a diverse and competitive banking sector. This competition among Illinois lenders often results in more favorable HELOC rates for consumers seeking home equity products.

• Illinois Bank & Trust: They offer home equity lines of credit with competitive introductory rates, providing flexible borrowing options for homeowners. ​

• PNC Bank: Recognized as a top mortgage lender, PNC Bank offers HELOCs with features like fixed-rate lock options, catering to borrowers seeking stability in their repayment terms. ​

Check today’s Illinois HELOC rates by cities such as, Chicago, Aurora, Naperville, Joliet and Rockford.

19. Massachusetts Home Equity Loan Rates

The Bay State’s stable housing market and concentration of financial institutions create an environment where homeowners can access home equity financing at attractive MA home equity loan rates. Let the RefiGuide direct you in shopping online for current HELOC rates in Massachusetts​. Shop for Massachusetts equity loan rates by cities such as, Boston, Worcester, Springfield, Cambridge and Lowell.

• Citizens Bank: Known for its strong customer service, Citizens Bank offers home equity loans with competitive rates and flexible terms, making it a favorable option for Massachusetts residents. ​

• Bank of America: With a significant presence in Massachusetts, Bank of America provides HELOCs with various features, including online account management and flexible repayment options. ​

20. Minnesota Home Equity Loan Rates

Minnesota’s prudent economic policies and strong housing market make it a favorable place for home equity borrowing. MN Lenders in the state offer competitive HELOC rates in Minnesota to qualified borrowers.

• U.S. Bank: Headquartered in Minnesota, U.S. Bank offers HELOCs with competitive rates and flexible terms, providing local expertise and convenience for residents. ​

• Wells Fargo: With numerous branches across the state, Wells Fargo provides home equity loans and lines of credit with various options to suit different borrowing needs.

Compare today’s HELOC interest rates by MN cities such as, Minneapolis, St. Paul, Rochester, Duluth and Bloomington.

21. Missouri Home Equity Loan Rates

Missouri’s cost of living and housing market stability contribute to favorable conditions for home equity financing. Homeowners can find competitive MO home equity rates, especially in urban centers like St. Louis and Kansas City.

• First Community Credit Union: Based in St. Louis, this credit union offers home equity lines of credit with competitive rates and flexible terms, emphasizing local decision-making and personalized service.

• Commerce Bank: A regional bank with a strong presence in Missouri, Commerce Bank provides fixed equity loans and MO HELOCs with various features tailored to homeowners’ needs.

22. Nevada Home Equity Loan Rates

Nevada’s recovering housing market and no state income tax policy make it an attractive place for homeowners seeking to leverage their home equity. Nevada Lenders offer competitive fixed equity loan rates to encourage borrowing.

• Nevada State Bank: This bank offers HELOCs with flexible borrowing options and competitive rates, allowing homeowners to access funds as needed. ​

• Greater Nevada Mortgage: Providing NV HELOCs with rates as low as 8.50% APR, they offer a limited-time rate discount based on the initial borrowing amount.

Find the today’s Nevada HELOC rates by cities such as, Las Vegas, Henderson, North Las Vegas, Reno and Enterprise.

23. New York Home Equity Loan Rates

Despite its higher cost of living, New York’s vast financial market offers a plethora of lending options. Homeowners, especially those outside the metropolitan areas, can find competitive New York home equity loan rates.

• Bethpage Federal Credit Union: Recognized for its HELOC offerings, Bethpage provides competitive NY HELOC rates and flexible terms, making it a strong choice for New York residents. ​

• Chase Bank: With a significant presence in New York, Chase offers home equity lines of credit with various features, including fixed-rate options and flexible access to funds.

24. Oregon Home Equity Loan Rates

Oregon’s growing economy and housing market appreciation provide homeowners with significant equity. OR Lenders in the state offer attractive Oregon HELOC rates to tap into this market.

• KeyBank: Operating in numerous states, including Oregon, KeyBank offers HELOCs with interest-only and rate-lock options, providing flexibility for borrowers. ​

• Umpqua Bank: A regional bank with branches in Oregon, Umpqua provides home equity loans and lines of credit with competitive rates and personalized service.

Find the current home equity rates by Oregon cities such as, Portland, Eugene, Salem, Gresham and Hillsboro.

25. Tennessee Home Equity Loan Rates

Tennessee’s low tax burden and affordable housing market make it a favorable environment for home equity borrowing. TN Lenders offer competitive rates to attract borrowers in this growing market. Check today’s HELOC rates in TN cities like, Nashville, Memphis, Knoxville, Chattanooga and Clarksville.

• Regions Bank: Known for its flexible repayment terms, Regions offers HELOCs that cater to various financial needs, making it a strong option for Tennessee homeowners. Check today’s HELOC rates in Memphis and more.
  

• First Horizon Bank: With a significant presence in Tennessee, First Horizon provides Tennessee home equity loans and lines of credit with competitive rates and tailored borrowing solutions.

Factors Influencing State Variations in Home Equity Financing Rates

Several factors contribute to the differences in HELOC and home equity loan rates across states:

• Lender Competition: States with a higher number of financial institutions often experience more competitive rates due to the increased competition among lenders.​

• State Regulations: Local laws and regulations can impact lending practices, influencing the availability and terms of home equity products.​

• Economic Conditions: States with robust economies and strong housing markets typically offer better rates, as lenders view these environments as lower risk.​

Lender Tips for Securing the Best Home Equity Rates and Financing Terms

To maximize your chances of obtaining favorable rates, consider the following strategies:

• Improve Your Credit Score: A higher credit score can significantly impact the interest rates offered to you. Aim to pay bills on time, reduce debt, and avoid opening new credit lines before applying.​

• Shop Around: Compare offers from multiple lenders, including banks, credit unions, and online lenders, to find the best rates and terms.​

• Consider Loan Terms: Evaluate both short-term and long-term loans to determine which aligns best with your financial goals and repayment capacity.​

• Negotiate Fees: Some lenders may be willing to waive or reduce fees associated with the loan. Don’t hesitate to negotiate to lower your overall borrowing costs.​

• Stay Informed: Keep abreast of economic trends and Federal Reserve rate changes, as these can influence interest rates nationwide.​

By understanding the landscape of home equity financing and proactively managing your financial profile, you can position yourself to take advantage of the best rates available in your state.

Factors Influencing Low Home Equity Loan Rates

Several factors affect the interest rates on home equity loans:

• Credit Score: Higher credit scores typically result in lower interest rates.​

• Loan-to-Value (LTV) Ratio: A lower LTV ratio can lead to more favorable rates.​ Bankrate

• Loan Amount: Larger loan amounts may qualify for lower rates, depending on the lender.​

• Economic Conditions: Overall economic health and Federal Reserve policies influence interest rates.​

In 2026, homeowners across various states have access to competitive home equity loan quotes and find the best HELOC rates today. Factors such as creditworthiness, loan terms, and economic conditions play crucial roles in determining the specific rates available to borrowers.

FAQs for Home Equity Loan and HELOC Rates

What are the average home equity loan interest rates in September 2026?

As of late September 2026, the national average fixed-rate home equity loan runs roughly 7.42%, according to Curinos data reported by Yahoo Finance — up from its 2026 low of 7.31% in late June. The average HELOC rate is 7.28% per Bankrate’s September 23 survey, which rose 17 basis points in a single week — the largest jump of the year, arriving one week after the Federal Reserve raised its benchmark rate. Benchmarks assume a borrower with a 780 minimum credit score and combined loan-to-value under 70%. Typical borrowers pay more. Rates vary by credit score, term, LTV, and lender, so compare several offers.

Who are the Top Home Equity Lenders in the US?

Several lenders stand out in 2026 for home equity products. For home equity loans, top options include Alliant Credit Union, LoanDepot, BMO, West Capital Lending and Navy Federal Credit Union for strong line terms, low fees, and flexible options. RefiGuide.org regularly updates lender rankings based on rates, fees, customer satisfaction, and product features so you can compare and choose the best fit.

Does a Home Equity Loan Affect Your Mortgage Rate?

Taking out a home equity loan does not change the interest rate on your existing mortgage. It functions as a second mortgage, separate from your primary mortgage, with its own rate, terms, and monthly payment. However, taking on additional debt can affect your overall debt-to-income ratio, which may influence future refinance options. If you later want to refinance your first mortgage, having a second lien may require lender approval or loan subordination.

How Much Are Fixed Home Equity Loan Interest Rates in September 2026?

Fixed home equity loan rates average roughly 7.42% per Curinos as of September 22, 2026, up from a 7.31% low in late June. Larger balances price differently: Curinos data reported by Forbes puts a $500,000 30-year home equity loan at 60% LTV at 7.91% APR, up from 7.71% the prior week. The broader range spans roughly 6% to 11% by credit tier and lender. Rates moved higher after the Federal Reserve raised its benchmark to 3.75%–4.00% in September 2026, ending an eight-month pause. Request personalized quotes from at least three lenders.

Home Equity Loan Rates vs. Refinance Rates in September 2026?

The gap narrowed sharply this month. Thirty-year fixed refinance rates now run 7.43% to 7.65% with the 15-year at 6.60%, against roughly 7.42% for fixed home equity loans. For the first time in over a year, a fixed home equity loan can price below a first-mortgage refinance. That’s because refinance rates track the 10-year Treasury, which surged past 5% in September, while home equity pricing rose more modestly. Refinancing also carries 2%–6% closing costs and resets your first mortgage — a poor trade if you hold a pandemic-era rate. Compare total cost, not just the headline rate.

What Are Today’s Home Equity Loan Rates for 10 Years?

Ten-year fixed home equity loans generally price near the national average of 7.42%, with offers spanning roughly 6% to 10.5% depending on credit profile and lender. Third Federal Savings and Fifth Third Bank consistently post among the lowest starting APRs nationally, while U.S. Bank reserves its best pricing for borrowers at 60% LTV or lower with automatic payments enrolled. Verify current lender-specific APRs — pricing moved after September’s rate increase. Shop at least three lenders before committing.

What Are Today’s Home Equity Loan Rates for 15-Year Fixed?

Fifteen-year fixed home equity loan pricing now sits close to ten-year pricing, a pattern that has held through 2026. Expect rates near the 7.42% national average, with the survey range running roughly 6% to 11%. Borrowers with excellent credit find better: Third Federal, Fifth Third, and TD Bank all advertise starting APRs well below the average. Those figures assume 700-plus scores and 80% CLTV, so individual quotes vary substantially.

What Are the Current Home Equity Loan Rates for a 20-Year Term?

National surveys don’t publish a twenty-year home equity average, so surrounding terms serve as the best proxy. Curinos data puts a $500,000 30-year home equity loan at 60% LTV at 7.91% APR, while fifteen-year pricing tracks nearer the 7.42% average. Regions Bank offers ten-to-twenty-year terms and remains among the more competitive bank options. Because twenty-year pricing is highly lender-specific, request written quotes rather than relying on national averages.

What Are Today’s Home Equity Loan Rates for 30 Years?

Thirty-year home equity loans price higher than shorter terms. Curinos data reported by Forbes shows a $500,000 30-year home equity loan at 60% LTV at 7.91% APR as of September 25, 2026 — up 20 basis points from the prior week. Larger balances often draw better pricing than the smaller loans national surveys measure. Third Federal, loanDepot, Fifth Third and TD Bank all fund thirty-year terms. Longer terms lower payments but raise lifetime interest substantially — compare total cost, not just the monthly figure.

How Are Home Equity Loan Rates Determined?

Home equity loan rates are influenced by the Federal Reserve’s federal funds rate, which affects the prime rate — currently 7.00% after the Fed’s September 2026 increase — plus your credit score (higher scores get lower rates), debt-to-income ratio (below 43% preferred), and loan-to-value ratio (80% or less). Fixed home equity loans track longer-term Treasury yields rather than prime, which is why the two products can move at different speeds. Market conditions and lender policies also play a role. Compare multiple lenders for the best rate.

How Long to Get a Home Equity Loan?

The time required to get a home equity loan varies by lender but typically takes two to six weeks from application to funding. The process includes applying, credit checks, home appraisal, underwriting, and closing. Some lenders offer expedited approvals, especially for borrowers with strong credit and low loan-to-value (LTV) ratios. If an appraisal is required, it may add extra time to the process. Choosing a lender with streamlined digital applications can help speed up approval.

What Are Equity Loan and HELOC Costs on Average?

Home equity loan and HELOC closing costs typically range from 2% to 5% of the loan amount. These costs may include appraisal fees ($300–$600), origination fees (1%–2% of the loan), title search fees, and government recording charges. Always review Good Faith Estimates to understand total costs, as some lenders allow borrowers to roll closing fees into the loan balance.

Disclosure: RefiGuide.org is an advertising marketplace, not a licensed mortgage lender or broker in the State of California. Loans are matched with participating NMLS-licensed institutions. All home equity loan rates and terms are subject to change. Verify current rates, terms, and eligibility directly with each company before applying with brokers, lenders and banks.

References:

• • Bankrate. (2026, September 23). BankRate Current HELOC rates. 
  • Forbes Advisor. (2026, September 25). Forbes: Today’s HELOC & home equity loan rates.