Today's HELOC Rates
Here are today's Home Equity Line of Credit (HELOC) rates. See your personalized rates and find out how much cash you can get with our online pre-approval. It only takes a few minutes and won't impact your credit score.
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What impacts your HELOC rate?
Home Equity
The more equity you have in your home, the better your chances of getting a lower rate.
Loan type
The kind of HELOC you choose—fixed or adjustable—can change how much your interest rate goes up or down.
Credit score
A higher credit score usually means a lower rate because it shows lenders you’re good at paying back money.
Location
Where you live can affect your rate because lenders look at local housing markets and rules.
Terms
How long you take to pay back the loan can change the rate—shorter loans often have lower rates.
Your Home Equity Line of Credit (HELOC) rate isn’t one-size-fits-all. Lenders look at several key factors to determine your creditworthiness and lending risk. At Better, we keep this process simple, transparent, and designed to help you make smart borrowing decisions.
Credit score
Your credit score is one of the most influential factors in determining your HELOC rate.
- Excellent (740+): Access to the lowest rates
- Good (670–739): Competitive rates
- Fair or Below (580–669): Higher rates or limited approval
💡 Tip: Improving your credit score before applying can help you qualify for a better rate.
Rate type
At Better, all HELOCs are variable-rate—meaning your rate adjusts over time based on the market index (such as the Prime Rate). While this means your rate can fluctuate, it also allows you to take advantage of rate drops without refinancing.
Why we offer variable rates: Fixed-rate HELOCs often start higher, and locking in early can mean paying more than necessary if rates fall. However, if you prefer the predictability of a fixed rate, Better also offers a fixed-rate home equity line of credit—so you can choose the option that works best for your goals.
Home equity
The more equity you have, the better your rate.
Loan-to-Value (LTV) ratio is key:
- Under 80% LTV: Typically qualifies for our lowest rates
- 80% LTV or higher: Considered higher risk, may mean a higher rate
Tip: Paying down your mortgage or boosting your home value before applying can improve your LTV and help you get a better rate.
Property location
Rates can vary based on:
- Local housing market conditions
- State lending regulations
Term length & draw period
Your HELOC term determines how long you can access funds and how long you have to pay them back.
- Better’s standard HELOC: 3-year draw period with a repayment period after
- Longer-term option: 5-year draw available on 15-year HELOCs
Why it matters: Shorter draw periods can help you stay disciplined with borrowing, while still giving you flexibility for planned expenses like renovations or debt payoff.
Why choose Better for your HELOC
- Speed: Get pre-approved in as little as 3 minutes – no impact to your credit score
- Convenience: Apply, get approved, and manage your HELOC entirely online
- Transparency: No hidden fees, no last-minute surprises
- Competitive rates: See exactly how we stack up against other offers
Don’t settle for a HELOC that’s slow, costly, or confusing. Better makes it faster, easier, and smarter to tap your home equity—so you can put your plans into action sooner.
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| Term | Rate | APR | Points (cost) |
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1400+ customers
provide us 5 stars in
10/05/2023
Five Star Review!
Everything except closing can be done online, very easy to read online instructions and exactly what documents need to be submitted, and can electronically sign. Very fast turnaround time. With the rising credit card rates, it makes perfect sense to get HELOC with low interest rate.
See in TrustpilotExpert opinions
What's great about a HELOC?
The HELOC is a great way to access the equity in your home without touching the primary mortgage rate on your home.
Katharine Thibaudeau
Senior Loan Consultant
NMLS #1940997
How does a HELOC help you save on interest?
You only pay interest on what you use. Unlike a lump-sum loan, a HELOC acts like a credit line, giving you flexibility and potential interest savings if you don’t need the full amount at once.
Jake Schroeder
Loan Consultant
NMLS #2217822
What else matters besides the rate?
It’s important to have a conversation with the loan officer about what you want to do with the funds from your HELOC and how you expect to be able to use it immediately and in the future to determine the best fit.
Libby Owens
Senior Loan Consultant
NMLS #2089666
Is a HELOC is right for you?
If you can maintain responsible use of a credit card, then a HELOC should be no different—use what you want and pay off your balance as you can.
Cameron Rogers
Loan Consultant
NMLS #2065500
Mortgage rates for 30-year fixed loans have fluctuated between 6.125% and 7.775% over the past 6 months.
The current national average is 7.125%, influenced by inflation and Fed policy.
HELOC Rates FAQs
More resources
HELOC Calculator
Quickly see what you can borrow from your home, and estimate monthly home equity payments under different circumstances.
Read now ->
HELOC v. Cash-out Refinance Calculator
With our HELOC vs cash out refi calculator you can quickly see your estimated payment, rate, and potential savings.
Read now ->
Betterment Cash Reserve
Your equity just got more rewarding—earn $500 now
Save on your loan. Grow your money. All with one smart step.
Get a $500 gift card when you open a Betterment account and deposit $100 before your loan funds
Better customers earn 4.00% APY—nearly 10x the national average¹
Grow long-term wealth, even in a volatile market
Won’t affect your credit score
APR¹ represents the lowest available rate and may be as high as 15.55%. Lowest rate assumes a credit limit of $150,000, a combined LTV of 64%, and a FICO score of 780+. Actual rates and available credit depend on creditworthiness, LTV, loan amount, occupancy, and point adjustments. Advertised rates are based on the Prime Rate as published in the Wall Street Journal; rates are current as of [08/12/2025] and are subject to change without notice. This is not a commitment to lend.
Only the initial rate quote uses a soft credit inquiry and will not impact your credit score. A full application will include a hard credit inquiry.
Better Mortgage Corporation is a direct lender. NMLS #330511. Equal Housing Lender. Not available in all states. Please refer to NMLS Consumer Access for licensing verification.
