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Best HELOC Loans Oct 2024
Get a fast & secure home equity line of credit loan
With average rates lower than personal loans, a HELOC loan is the best way to access the funds you need. Discover the top-rated mortgage lenders offering home equity line of credit loans.
Best HELOC Loans Oct 2024
With average rates lower than personal loans, a HELOC loan is the best way to access the funds you need. Discover the top-rated mortgage lenders offering home equity line of credit loans.
Best Mortgage Lenders in Ohio in 2024
Updated October 2024

Filter the best options for you:

Loan Purpose
HELOC
Credit Score
Good (680-719)
Loan Amount
$250K-$400K
9.7
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.7
Brand Reputation
Based on Semrush's web analytics
5.0
Learn more on how we score
9.7
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.7
Brand Reputation
Based on Semrush's web analytics
5.0
Learn more on how we score
  • Award-winning customer service
  • Quick & easy online process
  • Up to 90-day rate lock guarantee
  • Cash-out refinancing
Loan estimate provided in minutes
View Rates
Visit Rocket Mortgage
8.6
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
3.8
Brand Reputation
Based on Semrush's web analytics
4.8
Learn more on how we score
8.6
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
3.8
Brand Reputation
Based on Semrush's web analytics
4.8
Learn more on how we score
  • Cash-out refinance available
  • Loan officers available to assist
  • Mortgage and HELOC options
  • BBB- accredited with an A+ rating
Digital-first HELOC lender
View Rates
Visit Loan Depot
9.2
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.5
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
9.2
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.5
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
  • Rate lock while home shopping
  • Array of loan plans & closing costs
  • No rate lock or application fees
  • Fast preapproval turn times
Custom quotes, credit score unaffected
View Rates
Visit AmeriSave
9.3
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.6
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
9.3
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.6
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
  • No obligation, quote in minutes
  • Reverse mortgage options
  • Easily view live rates
  • Dedicated loan officer
Pre-qualify in under 24 hours
View Rates
Visit New American Funding
9.4
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.6
Brand Reputation
Based on Semrush's web analytics
4.8
Learn more on how we score
9.4
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.6
Brand Reputation
Based on Semrush's web analytics
4.8
Learn more on how we score
  • Get rates from multiple providers
  • Powerful home equity solutions
  • 100% online experience
  • Connect with lenders for $0
Unlock cash from within your home
View Rates
Visit Quicken Loans
9.5
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.8
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
9.5
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.8
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
  • Five year draw period
  • 10 or 15-year term repayment
  • Fast funding in 15 days
  • High customer satisfaction
HELOC products with fixed interest rates
View Rates
Visit Achieve
9.2
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.5
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
9.2
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.5
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
  • 5-minute approval, 5-day closing
  • Borrow $20K - $400K
  • 100% online application process
  • Excellent customer service
Online video notary & support
View Rates
Visit Figure
9.3
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.3
Brand Reputation
Based on Semrush's web analytics
5.0
Learn more on how we score
9.3
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.3
Brand Reputation
Based on Semrush's web analytics
5.0
Learn more on how we score
  • HELOC & home equity loans
  • No origination fees
  • Get up to 5 rate options
  • Accepts all credit scores
Large online marketplace of lenders
View Rates
Visit LendingTree
9.4
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.7
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
9.4
Scores are calculated based on:
Consumer Reviews
Sourced from TrustPilot
4.7
Brand Reputation
Based on Semrush's web analytics
4.7
Learn more on how we score
  • No monthly payments or interest
  • Quick and easy online experience
  • Minimum 550 credit score
  • Flexible income requirements
Alternative to HELOC loans
View Rates
Visit Unlock
Side-by-side comparison of mortgage lenders in 2024
Select up to 2 lenders to compare
Features
NMLS
#3030
#174457
#1168
#6606
#167283
Available in
50 states
50 states
49 states
49 states
50 states
Max LTV
90%
Undisclosed
N/A
85%
90%
Max Loan Amount
$350,000
$250,000
$1,500,000
$400,000
$350,000
Equal Housing Lender
HELOC Rate
Variable
Fixed, Variable, Hybrid
N/A
Fixed, Variable, Hybrid
Variable
Customer service
Phone & chat support
Phone and email support during business hours
Phone & email support
Phone & email support
Phone support
Online application
View Rates
View Rates
View Rates
View Rates
View Rates
HELOC Loans FAQs
Looking to take on a home equity line of credit loan but not sure where to begin? You've come to the right place! In addition to our comprehensive reviews of home equity lenders, we've compiled a list of some of the most commonly asked questions when it comes to HELOC loans.
What Is a Home Equity Line of Credit Loan?
A home equity line of credit (HELOC) is a second mortgage that allows you to access cash based on the value of your home. You can draw from a home equity line of credit and repay all or some of it monthly, similar to using a credit card.
Am I Eligible for a HELOC Loan?
Lender requirements may vary, but here's what you'll generally need to get a HELOC loan:

- A debt-to-income ratio that's 40% or less.
- A credit score of 620 or higher.
- A home value that's at least 15% more than you owe.
How Do I Apply for a HELOC Loan?
The process of getting a HELOC loan is similar to that of a purchase or refinance mortgage. Here are a few simple steps to follow:

1. Use a HELOC calculator to determine whether you have sufficient equity and begin shopping around for lenders.
2. Gather the necessary documentation demonstrating that you're creditworthy.
3. Once you select a lender and applied for the HELOC loan, you'll receive disclosure documents.
4. Lastly, you will sign the paperwork to close the loan making the line of credit available for you to access.
HELOC Vs. Home Equity:
A home equity loan and a HELOC are two ways you can tap into the equity of your home.

With a home equity loan (HE), you receive the money you are borrowing in a lump sum payment which will usually have a fixed interest rate. HELOC provides flexibility, allowing you to withdraw funds as needed, meaning you can borrow or draw money multiple times from an available maximum amount. You'll only pay interest on what you've borrowed during the draw period. However, unlike HE, interest rates for HELOCs are often variable so your monthly payments could be unpredictable.

Before borrowing with a home equity product, it's important to remember that the loan is guaranteed by collateral -- your home. If you are unable to cover your monthly payments, your home could be repossessed.
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ADVERTISEMENT DISCLOSURE
This site is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time. "Terms of Use"
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