Best HELOC Rates of October 2025

Aven is something new - a credit card that uses your home equity as the credit line. It is very convenient, but it works best for people who are responsible with money. It is easy to forget how much of your home equity you are using and how much debt your home is backing up. Aven is completely online, which is great if you like technology. But some people might want help in person.

Aven is something new - a credit card that uses your home equity as the credit line. It is very convenient, but it works best for people who are responsible with money. It is easy to forget how much of your home equity you are using and how much debt your home is backing up. Aven is completely online, which is great if you like technology. But some people might want help in person.

Figure is a great choice if you want a fast loan process with no in-person meetings. The best thing about Figure is speed - you can pre-qualify in five minutes and get your money in as little as five business days. Figure rates are lower than average, and you can save more by setting up automatic payments or joining certain credit unions. However, you will pay a big origination fee, and the HELOC works more like a regular home equity loan with a fixed rate and one large withdrawal.

Getting a HELOC from Achieve Loans could be great if you are a homeowner with fair to good credit and you need to combine your debts into one payment, which is what this online lender focuses on. However, the terms are harder if you want to borrow for another reason, like fixing up your home. Achieve is clear about its terms and the differences in how you can use the money, though it is not clear why the differences exist.

Figure is a great choice if you want a fast loan process with no in-person meetings. The best thing about Figure is speed - you can pre-qualify in five minutes and get your money in as little as five business days. Figure rates are lower than average, and you can save more by setting up automatic payments or joining certain credit unions. However, you will pay a big origination fee, and the HELOC works more like a regular home equity loan with a fixed rate and one large withdrawal.

Third Federal is one of a rare type of bank - a savings and loan association that focuses on home loans and savings accounts for regular people. This shows in its good rates, variety of loan options, and no fees, which make it a good choice for home equity borrowers. Unfortunately, some old-fashioned ways might turn people away, like its limited number of locations, in-person closings, and strict rules that are not clearly explained.

Getting a HELOC from Achieve Loans could be great if you are a homeowner with fair to good credit and you need to combine your debts into one payment, which is what this online lender focuses on. However, the terms are harder if you want to borrow for another reason, like fixing up your home. Achieve is clear about its terms and the differences in how you can use the money, though it is not clear why the differences exist.

FourLeaf Federal Credit Union stands out for its good rates, no fees, and clear terms about who can get a loan. It also scores high for having many ways to contact them and being available in almost every state. The main problem is slow funding time. Also, people who are not comfortable with technology might be worried about having no physical branches.

LoanDepot can be a good choice for homeowners in almost any state who want to access up to 90% of their home value. You can choose between variable-rate HELOCs and fixed-rate home equity loans. However, its high minimum withdrawal requirement is a problem.

A new kind of home lending company, RenoFi acts as a mortgage broker for people who need money for home renovations. It helps homeowners who may not normally qualify for home equity loans - people who work for themselves, have only fair credit, or have little equity built up in their homes. But these more relaxed rules and generous loan amounts come at a cost - a longer process and a higher interest rate than average.