Best Home Equity Line of Credit 2026
by Anonymous
HELOCs offer flexible borrowing against home equity with average rates around 7% in April 2026. Digital-first lenders like Figure now fund in as few as five days versus weeks for traditional banks. Credit scores above 740 secure the best rates, and borrowers with combined loan-to-value under 80% get the most competitive terms across all lenders.
Bank of America
Variable from 6.7%
intro apr
None
annual fee
Waived in most cases
closing costs
85%
max cltv
Low fees, existing customers
best for
Figure
Fixed from 6.2%
intro apr
None
annual fee
Origination fee 0-4.99%
closing costs
95%
max cltv
Fast digital funding (5 days)
best for
Navy Federal Credit Union
Variable from 6.5%
intro apr
None
annual fee
Minimal
closing costs
95%
max cltv
Military families, high CLTV
best for
Alliant Credit Union
Variable from 6.4%
intro apr
None
annual fee
Low
closing costs
90%
max cltv
Overall value, competitive rates
best for
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