Home Equity Products
Compare the best HELOC rates, home equity loans, and cash-out refinance options. Use your home's equity to fund renovations, consolidate debt, or cover major expenses.
Third Federal HELOC
BankBest for: Lowest guaranteed rate
Figure HELOC
FintechBest for: Fastest online HELOC approval
PenFed Credit Union HELOC
Credit UnionBest for: Military members & credit union rates
Wells Fargo HELOC
BankBest for: Existing Wells Fargo customers
Chase Home Equity Line
BankBest for: Chase banking customers
Bank of America HELOC
BankBest for: Preferred Rewards members
U.S. Bank HELOC
BankBest for: High loan amounts up to $750K
Flagstar Bank HELOC
BankBest for: High-value homes up to $1M
Citizens Bank HELOC
BankBest for: Northeast homeowners with Citizens accounts
Spring EQ HELOC
FintechBest for: High LTV (up to 95%) borrowers
APR ranges shown are estimates. Actual rates depend on credit score, LTV ratio, and property location. Montro does not originate loans. Clicking "Apply Now" takes you directly to the lender's website.
Three products compared
HELOC vs. home equity loan vs. cash-out refinance at a glance
HELOC
Variable · Up to 10 years
~8.25%
Home Equity Loan
Fixed · Lump sum
~8.45%
Cash-Out Refinance
Fixed · Lump sum (replaces mortgage)
~6.52%
Your home is on the line. Home equity products turn your home into collateral. A personal loan or 0% balance transfer card for smaller amounts may be safer. Only tap equity when the math clearly favors it and you have income stability.
What borrowers often miss
Four things that change the calculus on home equity borrowing
You can typically borrow up to 85% LTV
If your home is worth $500K and you owe $300K, you have $200K in equity. Most lenders let you borrow up to 85% of value ($425K total), meaning up to $125K available to tap.
Interest may be tax deductible
Interest on home equity products is deductible if the loan is used to 'buy, build, or substantially improve' the home securing the loan. Debt consolidation or personal expenses do NOT qualify for the deduction.
Your home is the collateral
Unlike a personal loan, you can lose your home if you default. Treat home equity financing with more caution than unsecured debt. Only borrow what you can afford to repay even if income drops.
HELOCs have two phases
During the draw period (typically 10 years), you borrow and repay flexibly. Then the repayment period starts (10–20 years) and you can no longer draw — your payment often jumps significantly.
Today's Best Home Equity Rates
Updated July 1, 2026Compare current HELOC, home equity loan, and cash-out refinance rates from top lenders.
| Lender | Product | APR Range | Min Loan | Max LTV | Rate Trend | |
|---|---|---|---|---|---|---|
| Figure | HELOC | 7.99% – 14.99% | $15K | 95% | −0.10% | |
| Third Federal | HELOC | 7.99% – 11.50% | $10K | 80% | — | |
| PenFed | HELOC | 8.25% – 12.00% | $25K | 80% | −0.25% | |
| Wells Fargo | HELOC | 8.50% – 12.50% | $25K | 85% | +0.10% | |
| U.S. Bank | HELOC | 8.35% – 12.25% | $15K | 90% | — | |
| Navy Federal | HE Loan | 7.34% – 10.99% | $10K | 100% | −0.15% | |
| Discover | HE Loan | 7.99% – 11.99% | $35K | 90% | — | |
| U.S. Bank | HE Loan | 8.25% – 12.50% | $15K | 90% | +0.05% | |
| Spring EQ | HE Loan | 8.99% – 18.00% | $25K | 95% | — | |
| Rocket Mortgage | Cash-Out Refi | 6.49% – 8.50% | $45K | 80% | −0.12% | |
| Better.com | Cash-Out Refi | 6.52% – 8.75% | $50K | 80% | −0.08% | |
| loanDepot | Cash-Out Refi | 6.65% – 9.00% | $50K | 80% | — |
Home Equity Calculators
See how much equity you can tap, estimate your monthly payments, and compare your options side by side.
Your Home Details
Your Equity Snapshot
With good credit and 85% max CLTV, you could access up to $120,000 through a HELOC or home equity loan. Actual approval depends on income, DTI, and lender criteria.