Although most home equity lenders let you tap up to 85% of your home’s value, some lenders may offer high-LTV home equity loans that allow you to borrow more. Use our home equity loan calculator to estimate your home equity borrowing power.
LOAN AMOUNT | APR AS LOW AS
Rates are calculated based on conditional offers for both home equity loans and home equity lines of credit with 30-year repayment periods presented to consumers nationwide by LendingTree’s network partners in the past 30 days for each loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.
| MONTHLY PAYMENT |
|---|---|---|
$25,000 | 6.63% | $160.08 |
$50,000 | 6.63% | $320.16 |
$100,000 | 6.63% | $640.31 |
$150,000 | 6.50% | $948.10 |
Written by Rene Bermudez | Edited by Crissinda Ponder | Updated May 1, 2025Your credit score
The higher your credit score, the better your rate will usually be. Most lenders will allow a 620 minimum score, but some set the bar even higher at 660 or 680. Get your free credit score on LendingTree Spring today.Your DTI ratio
Your debt-to-income (DTI) ratio measures how much your monthly debt load is compared to your gross monthly income. Home equity lenders typically allow a 43% maximum DTI ratio, but the lower the ratio is, the better your rate offers will be.Your LTV ratio
Your loan-to-value (LTV) ratio compares how much you’re borrowing to your home’s value. The typical maximum LTV ratio is 85%, though lenders offer better rates if you borrow less. But some lenders offer high-LTV home equity loans with LTVs of up to 100% if you’re willing to accept a higher rate.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
90%
$45K
680
$8,122
5 to 30 years
100%
$500K
$3,442
5 to 30 years
$10K/$500K
0.25% for eligible borrowers
$2,483
5 to 20 years
0.50% for eligible borrowers
$5,092
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
5 to 30 years
$500K
14 days
$2,403
Bank of America offers a 0.25% discount for setting up automatic payments from a Bank of America checking or savings account. (Read our Bank of America mortgage review)
Wells Fargo gives a customer relationship discount for making automatic payments from a Wells Fargo deposit account but doesn’t disclose the exact amount. (Read our Wells Fargo mortgage review)
U.S. Bank offers a 0.50% “checking discount” to home equity customers who set up automatic payments from a U.S. Bank checking or savings account.
Key Bank offers a 0.25% interest rate reduction for home equity loan customers if you have a Relationship Account, which is available to those with a Key checking account.
Bank of America gives a discount for borrowers who enroll in its Preferred Rewards program.
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At current market rates, the monthly payment on a $50,000 home equity loan with a 20-year loan term would be about $455. Home equity loans have fixed rates, so these payments do not change over time. The total interest paid over the life of that loan would come to $59,127.
Home equity loan rates are relatively high right now, especially compared to the low rates we saw before the pandemic.
Home equity rates tend to fall when the Federal Reserve cuts the federal funds rate, which it did most recently on December 17th. This was the third and final rate cut of 2024, and home equity loan rates have trended downward since. That said, we shouldn’t expect any dramatic decreases since the Federal Reserve has announced that it will be more cautious with rate cuts in 2025.
chief consumer finance analyst |
“Any chance of the Fed cutting rates soon probably went out the window when recent reports showed a resurgence in inflation. Unfortunately, that means that home equity loan rates are going to stay relatively high, at least in the near future.” |
A cash-out refinance gives you access to cash by replacing your existing mortgage with a larger one. It’s a first mortgage, so you can get lower interest rates than you could with second mortgages like home equity loans. A cash-out refi is also easier to qualify for.
Loan costs: Cash-out refinances require you to pay closing costs, typically 2% to 6% of the loan amount. In comparison, home equity loan closing costs are usually between 2% and 5%.
Learn more about refinance rates today on LendingTree.If you prefer to leave your home equity alone, you may qualify for an unsecured personal loan. Rates on a personal loan are often higher than home equity products, but you won’t have to worry about the lender foreclosing on your home if you default on your payments.
Loan costs: Personal loans come with origination fees that typically cost 1% to 10% of your loan amount. If you shop around, you may also be able to find a suitable lender that offers personal loans with no origination fee.
See more about personal loan rates today.To determine the best home equity loan lenders, we reviewed data collected from 35 lender reviews completed by the LendingTree editorial staff for 2025.
Each lender review gives a rating between zero and five stars, based on several factors including loan features and loan variety, digital application processes and the availability of product and lending information online. To be eligible for the “best of” home equity loan title, lenders must have a lender review rating of at least four stars. To be considered for our “best overall” pick, lenders must issue mortgages in at least 35 states.
We awarded extra points to lenders that:
Publish home equity loan rates online
Provide detailed information about one or several different home equity loan options
Offer a loan-to-value (LTV) ratio above the 85% industry standard
Offer fast closing options
Offer products with rate discounts or no closing costs
Our editorial team brought together the data from our lender reviews, as well as the scores awarded for home equity-specific characteristics, to find the lenders with a product mix, information base and guidelines that best serve the needs of home equity loan borrowers.
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