Top Ranked Home Equity Loan Rates by State

Key Takeaways

• Bankrate’s national average fixed home equity loan rate is 8.08% as of July 15, 2026, with prime anchored at 6.75%.
• 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, and introductory HELOC rates start as low as 2.49% APR.
• Ohio’s Third Federal and Fifth Third post the lowest starting APRs in the country at 6.65%.
• Texas caps home equity borrowing constitutionally: 80% CLTV, one loan at a time, 12-day waiting period

Reviewed by: Bryan Dornan, Mortgage Lending Expert (25+ years)  |  Last Updated: July, 21 2026  |  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 July 2026, well-qualified Virginia borrowers are securing fixed second mortgages in the 6.50%–7.50% range, compared with Bankrate’s national average of 8.08%. Credit unions drive most of that gap — several waive closing costs entirely. Because prime has held at 6.75% since the Fed’s June pause, variable HELOC pricing in Virginia has been essentially flat since spring. Compare fixed home equity loans against VA HELOC pricing before deciding, since the two are unusually close right now.

• Langley Federal Credit Union: HELOCs starting at 6.75% APR with no fees or closing costs. Fixed-rate home equity terms run 7 to 22 years, priced between 6.49% and 6.99% APR — among the most competitive fixed pricing in the state.
• U.S. Bank: Starting APR of 7.15% as of July 1, 2026, with 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 July 2026, California fixed home equity loans are running roughly 6.90%–8.00% for strong-credit borrowers, against a national average of 8.08%. Larger balances earn better rates: LendingTree network data shows an average 6.13% APR on a 30-year, $100,000 home equity loan. 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: Starting APR of 7.15% as of July 2026, with California borrowers eligible for loan amounts up to $1 million — the highest ceiling of any major lender in the state.
• loanDepot: Live July 2026 pricing of 7.214% APR on a 10-year, $100,000 home equity loan and 7.849% APR on a 30-year term, with amounts from $35,000 to $350,000 and fast digital approval.
• 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 July 2026, Florida fixed home equity loans generally price between 7.30% and 8.40%, bracketing the 8.08% national average. 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 at 6.75%, 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 6.25% 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: Starting APR of 6.75% as of July 1, 2026, with loan amounts from $10,000 to $250,000 and terms of 10 to 20 years.
• 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 July 2026, Maryland fixed home equity loans generally price between 6.50% and 8.20%, against a national average of 8.08%. The state’s credit unions are where the real savings sit — introductory HELOC offers in Maryland currently run several points below prime, 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): As of June 25, 2026, APGFCU advertises a 2.49% APR introductory HELOC rate for the first 12 months, then a variable rate indexed to prime plus a 0% margin — currently 6.75% APR — on a maximum 85% CLTV. Fixed-rate home equity loans start as low as 4.99% APR, with paid closing costs up to $1,200.
• MECU Credit Union: HELOCs at a 3.99% fixed introductory APR for 12 months at 80% LTV or below, converting to a variable rate as low as 6.50% APR (prime minus 0.25%). Higher-LTV borrowers at 81%–90% see a 4.99% intro rate converting to 7.75%. 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; live July 2026 pricing on comparable products runs 7.77%–7.88% APR.
• 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 July 2026, New Jersey fixed home equity loans run roughly 6.25% to 8.30% depending on term, lien position and loan-to-value, bracketing the 8.08% national average. 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. Many lenders are running introductory NJ HELOC promotions. See variable and fixed rates for Newark, Jersey City, Paterson, Lakewood and Elizabeth.

• North Jersey Federal Credit Union (NJFCU): Fixed-rate home equity loans from 6.25% APR on terms up to 240 months at 80% combined loan-to-value. A $275 processing fee applies, plus appraisal costs, and the advertised rate assumes top-tier credit.
• First Harvest Credit Union: Fixed-rate home equity loans starting at 6.24% APR, which reflects a 0.25% discount for automatic payments from a First Harvest checking account. Second-lien loans reach $300,000 at up to 70% LTV, and 90% LTV borrowers on 180-month terms price closer to 7.74% APR. Closing costs are reimbursable if the loan is paid off within three years.
• APGFCU: Extends its Maryland home equity pricing into New Jersey, including the 2.49% introductory HELOC APR and fixed loans from 4.99% APR, subject to membership eligibility.
• TD Bank: New Jersey home equity loans with fixed rates, no application fees, terms from 5 to 30 years, and starting APRs near 6.99% as of July 2026.
• Third Federal Savings & Loan: Starting APRs of 6.65% on amounts from $10,000 to $300,000, with live July 2026 offers at 6.59% APR on 10-year and 6.99% APR on 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 July 2026, South Carolina fixed home equity loans typically price between 6.75% and 8.40%, straddling the 8.08% national benchmark. 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: Starting APR of 6.75% as of July 1, 2026, on 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 2.49% introductory HELOC APR and fixed home equity loans from 4.99% APR, 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 July 2026, Wisconsin fixed home equity loans generally run 7.15% to 8.30%, against the 8.08% national average. Because prime has held at 6.75%, variable HELOC pricing in Wisconsin has been flat for roughly seven months — meaning the spread between fixed and variable options is unusually narrow right now, and it’s worth pricing both before choosing.

• U.S. Bank: Starting APR of 7.15% as of July 1, 2026, with 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 starting APRs of 7.31% on home equity loans, 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: Starting APRs of 6.65% on 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 July 2026, Georgia fixed home equity loans generally price between 6.75% and 8.40%, against a national average of 8.08%. 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. 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. As of April 3, 2026, that index stood at 3.60%. Rates adjust annually each June 1, with lines up to $150,000 and a $50 application fee. Available in Georgia and South Carolina.
• Georgia United Credit Union: Combo HELOC starting as low as 6.25% APR, variable and 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. Fixed home equity pricing was most recently published at 7.25% APR. Available in Georgia, Florida, North Carolina, South Carolina, Alabama and Tennessee.
• Regions Bank: Starting APR of 6.75% as of July 1, 2026, on $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 July 2026, Michigan fixed home equity loans run roughly 6.50% to 9.00%, bracketing the 8.08% national average, 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 from 6.49% APR. MSGCU’s own published example: a $15,000 second-lien loan over 60 months at up to 80% LTV runs approximately $293.44 monthly. Terms extend to 15 years with low closing costs.
• 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. As of July 17, 2026, LMCU’s published example prices a $600,000 loan over 15 years at 8.99% APR. 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 variable APRs as low as 6.75% and a 13.00% lifetime cap — notably tighter than the 18% ceiling most lenders use. No annual fee and no prepayment penalty. Michigan properties only.

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 July 2026, Texas fixed home equity loans generally price between 7.00% and 8.40%, near the 8.08% national average. 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: Starting APRs of 6.65% with live July 2026 offers at 6.59% APR on 10-year and 6.99% APR on 30-year terms, $10,000 to $300,000.
• Bank of America: HELOCs with relationship-based rate discounts for existing deposit and investment customers.
• loanDepot: Live July 2026 pricing of 7.214% APR on a 10-year, $100,000 home equity loan, amounts 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 July 2026, North Carolina fixed home equity loans typically run 6.75% to 8.30%, slightly favorable to the 8.08% national average. Borrowers in the Charlotte and Triangle markets generally see the tightest spreads, since national lenders compete hardest where transaction volume is highest.

• Regions Bank: Starting APR of 6.75% as of July 1, 2026, on 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 a 2.49% introductory HELOC APR for 12 months followed by prime plus a 0% margin, and fixed loans from 4.99% 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 July 2026, Connecticut fixed home equity loans generally price between 7.25% and 8.40%, close to the 8.08% national average. Because prime has held at 6.75%, variable HELOC pricing in Connecticut has been flat for roughly seven months — worth pricing 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: Starting APRs of 6.65% with terms from 5 to 30 years on amounts from $10,000 to $300,000.
• U.S. Bank: Starting APR of 7.15% as of July 1, 2026, with 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 July 2026, Pennsylvania fixed home equity loans generally run 6.75% to 8.30% against the 8.08% national average. 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 a 2.49% introductory HELOC APR for the first 12 months, converting to prime plus a 0% margin, and fixed home equity loans from 4.99% APR with paid closing costs up to $1,200. Membership eligibility applies.
• First Harvest Credit Union: Fixed home equity loans from 6.24% APR with automatic payments, 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; live July 2026 pricing runs 7.77% to 7.88% APR on $100,000 to $150,000.
• 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 July 2026, Ohio fixed home equity loans run roughly 6.59% to 8.20%, comfortably below the 8.08% national average at the low end. Both Third Federal and Fifth Third are Ohio-headquartered and price aggressively in their home market.

• Third Federal Savings & Loan (Cleveland): Starting APRs of 6.65% — tied for the lowest in Bankrate’s July 2026 national survey. Live offers show 6.59% APR on a 10-year, $100,000 home equity loan and 6.99% APR on a 30-year term. Amounts run $10,000 to $300,000 with terms from 5 to 30 years.
• Fifth Third Bank (Cincinnati): Starting APRs of 6.65% on 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: Starting APR of 7.15% as of July 2026 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 July 2026, Washington fixed home equity loans generally price between 7.15% and 8.40%, near the 8.08% national average, 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: Starting APR of 7.15% as of July 1, 2026, with 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: Starting APRs of 6.65% on amounts up to $500,000 with terms from 10 to 30 years.
• loanDepot: Live July 2026 offers at 7.214% APR on 10-year and 7.849% APR on 30-year home equity loans, $35,000 to $350,000.
• 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 July 2026?

As of July 21, 2026, the national average fixed-rate home equity loan sits at roughly 7.36%, according to Curinos data reported by Yahoo Finance — up modestly from its 2026 low of 7.31% in late June, while the average HELOC rate runs 7.23%. That benchmark assumes a borrower with a 780 minimum credit score and combined loan-to-value under 70%. Typical borrowers pay more: Bankrate’s early-July survey averaged 8.08%. 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 these highly rated lenders 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.

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 Do I Need to Apply for a Home Equity Loan Online?

To apply online, lenders typically require basic financial and property documentation. This includes your address, estimated home value, current mortgage balance, income verification (pay stubs, W-2s, or tax returns), photo ID, homeowner’s insurance, and recent bank statements. Most home equity enders also run a credit check and may require an appraisal to confirm your equity. Having these documents ready helps streamline approval and speeds up the underwriting process for online applications.

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.

What Companies Offer the Best Second Mortgage Rates Nationally?

Several national lenders offer competitive second mortgage rates, including Bank of America, Wells Fargo, U.S. Bank, and Rocket Mortgage. Online lenders like Better.com and LoanDepot also provide low-rate options with quick approvals. 2nd mortgage loan rates vary based on credit score, loan amount, and LTV ratio, so it’s best to compare lenders and request quotes. Additionally, credit unions and local banks may offer better deals for qualified borrowers, making it essential to shop around for the best rate.

What Are Equity Loan and HELOC Closing 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. Some home equity lenders offer no-closing-cost HELOCs, but they may have higher interest rates. Always review Good Faith Estimates to understand total costs, as some lenders allow borrowers to roll closing fees into the loan balance.

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, plus your credit score (higher scores get lower rates), debt-to-income ratio (below 43% preferred), and loan-to-value ratio (80% or less). Market conditions and lender policies also play a role. Compare multiple lenders for the best rate.

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

As of July 15, 2026, Bankrate’s national survey puts fixed home equity loan rates at 8.08% for five-year terms, 8.22% for ten-year, and 8.20% for fifteen-year loans, based on a $30,000 balance, 700 FICO, and 80% CLTV. The broader range spans roughly 5.65% to 10.75% by credit tier and lender. Rates sit near 2026 highs after the Federal Reserve held its benchmark at 3.50%–3.75% for a fourth straight meeting in June. Request personalized quotes from at least three lenders.

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

Home equity loans remain more expensive than first-lien refinancing. Bankrate’s July 21, 2026 survey shows a 30-year fixed refinance APR of 6.77% and a 15-year at 6.18%, versus 8.08%–8.22% for fixed home equity loans. Second mortgages sit behind the first lien, so lenders price that added risk into the rate. Refinancing 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?

As of July 15, 2026, ten-year fixed home equity loan rates average 8.22% APR on a $30,000 loan per Bankrate’s national survey, up slightly week over week. Offers span 6.01% to 10.50% depending on credit profile and lender. Third Federal Savings currently advertises 6.59% APR on a ten-year, $100,000 loan, while U.S. Bank quotes 7.15% APR for borrowers at 60% LTV or lower with automatic payments enrolled. Shop at least three lenders before committing.

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

On July 15, 2026, fifteen-year fixed home equity loan rates averaged 8.20% APR for a $30,000 loan, according to Bankrate — up four basis points on the week and now essentially level with ten-year pricing. The survey range runs 6.15% to 10.75%. Borrowers with excellent credit find better: Third Federal and Fifth Third both advertise starting APRs of 6.65%, and TD Bank begins at 6.99%. Those figures assume 700-plus scores and 80% CLTV, so individual quotes vary.

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

Bankrate’s national survey doesn’t publish a twenty-year average, so surrounding terms serve as the best proxy: 8.20% for fifteen-year, and live thirty-year offers near 7.85%–7.88% APR from loanDepot and PNC as of July 2026. LendingTree network data puts a $50,000 twenty-year home equity loan at roughly $393 monthly. Regions Bank offers ten-to-twenty-year terms starting at 6.75% APR. 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?

As of July 2026, LendingTree reports an average 6.13% APR on a 30-year, $100,000 home equity loan across its lender network — below Bankrate’s shorter-term survey averages, largely because bigger balances draw better pricing. Live offers vary widely: Third Federal advertises 6.99% APR, while loanDepot posts 7.85% and PNC 7.88% on comparable thirty-year loans. Fifth Third and TD Bank both fund thirty-year terms up to $500,000. Longer terms lower payments but raise lifetime interest substantially.

Can Home Equity Loans be Used for Anything?

Yes, most lenders allow you to use a home equity loan for almost any legal purpose. Common uses include home improvements, debt consolidation, medical bills, education costs, major purchases, or funding a second property. Since the loan is secured by your home, lenders place few restrictions on how funds are spent. However, because your home is the collateral, it’s important to borrow responsibly and choose purposes that improve your financial stability or long-term asset value.

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.