Updated Daily · National Average
HELOC Rates
The national average HELOC rates today is 7.33% APR (October 09, 2026). The HELOC rates range from about 6.96% to 9.16% depending on your credit score and lender margin. Find and compare the current HELOC rates from 12 different lenders. Get daily HELOC rates update.
HELOC Rates Today
The table below shows the current HELOC rates today from 12 different lenders.
| Lender | Type | Loan amount | Draw / repayment terms | APR |
|---|---|---|---|---|
| Achieve Loans | HELOC | $15,000–$500,000 | 10-, 15-, 20-, or 30-year repayment period | 5.50% |
| Alliant Credit Union | HELOC | $10,000+ ($25,001 minimum in WI and Washington, D.C.) | 10-year draw, 20-year repayment period | 6.75%3.99% intro |
| Aven | HELOC | $5,000–$400,000 (min. initial draw $5,000) | 5-, 10-, 15-, or 30-year repayment period | 6.540%First 6 months and after — flat rate |
| Fifth Third Bank | HELOC | $10,000–$500,000 | 10-year draw, 20-year repayment period | 6.50% |
| FourLeaf Federal Credit Union | HELOC | $10,000–$1,000,000 (min. initial draw $25,000) | 10-year draw, 20-year repayment period | 7.000%5.990% first 12 mo. |
| Owning | HELOC | Min. initial draw $25,000 | — | 6.819% |
| Figure | HELOC | Min. initial draw $15,000 | — | 6.950% |
| Reliant Home Funding | HELOC | Min. initial draw $15,000 | — | 6.950% |
| Police and Fire Federal Credit Union | HELOC | Up to $600,000 | 5-year draw, 15-year repayment period | 6.00%4.99% intro |
| Rate | HELOC | $20,000–$400,000 | Up to 30 years | 6.60% |
| Splash Financial | HELOC | Up to $500,000 (min. initial draw $25,000) | 10-year draw, 10–20 year repayment period | 7.375%First 7 months and after — flat rate |
| Third Federal Savings and Loan | HELOC | $10,000–$300,000 | 10-year draw, 30-year total repayment period | 6.24% |
HELOC Calculators
Each HELOC calculator on this site is built around one specific question — a payment, a payoff date, an eligible credit limit, or a comparison between two offers — and each one loads with sensible default values so you get a complete answer, including a full amortization schedule, before you change anything.
What Is a HELOC?
A home equity line of credit, or HELOC, is a revolving credit line secured by your home that lets you borrow against your available equity as needed during a draw period, then repay what you borrowed during a separate repayment period. Because a HELOC is revolving rather than a one-time lump sum, the math behind payments, payoff timing, and total interest is more involved than a standard fixed loan — which is exactly what the calculators on this site are built to untangle.
Draw period
During the draw period — commonly 5 to 10 years — you can borrow, repay, and re-borrow against your credit limit. Most lenders require only an interest-only payment on the outstanding balance during this phase.
Repayment period
Once the draw period ends, the outstanding balance converts into a fully amortizing loan, typically over 10 to 20 years, and your payment rises to include both principal and interest.
HELOC Rates: Frequently Asked Questions
- What determines my HELOC rate?
- Your HELOC rate is typically the lender's margin added to a benchmark index (often the Prime Rate), adjusted by your credit score, combined loan-to-value ratio, credit line amount, and state.
- Is a HELOC rate fixed or variable?
- Most HELOCs carry a variable rate that moves with the benchmark index, though many lenders now let you lock all or part of the balance into a fixed rate.
- How is a HELOC payment calculated?
- During the draw period, payment is usually interest-only: balance × (APR ÷ 12). During repayment, the payment becomes a standard amortizing principal-and-interest payment over the remaining term — use the HELOC Payment Calculator above to see both.