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Bankrate home equity lender reviews

Choosing a home equity lender that’s right for your individual needs can be difficult in a market with so many options. Bankrate regularly conducts objective lender reviews to help you make an informed decision. Whether you need a loan to remodel your home, consolidate debt or make a major purchase, here you’ll find ratings, full reviews and a description of each lender’s distinctive qualities to help guide your decision.

All lender reviews

4.7
Rating: 4.7 stars out of 5
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Founded in 2018, Figure is a new lender that provides home equity lines of credit (HELOCs) in 41 states and the District of Columbia.
4.6
Rating: 4.6 stars out of 5
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Citizens Bank provides home equity loans and HELOCs in addition to consumer banking, mortgages, student loans and more.
Guaranteed Rate
4.6
Rating: 4.6 stars out of 5
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Guaranteed Rate is one of the most well-known mortgage lenders in the U.S.
4.5
Rating: 4.5 stars out of 5
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Alliant has a 15-year HELOC and a 30-year HELOC that’s interest-only for 10 years.
Frost Bank
4.5
Rating: 4.5 stars out of 5
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Frost Bank’s home equity loans and HELOCs — available only in Texas — come with competitive rates and no application fees or prepayment penalties.
4.4
Rating: 4.4 stars out of 5
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Police and Fire Federal Credit Union offers home equity loans and HELOCs to its members in and around Philadelphia.
4.4
Rating: 4.4 stars out of 5
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Third Federal Savings and Loan offers home equity loans in eight states and home equity lines of credit, or HELOCs, in 25 states and Washington, D.C.
Citi
4.3
Rating: 4.3 stars out of 5
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Citi is one of the world's largest financial institutions and offers a number of consumer-facing products, including home equity loans and HELOCs.
4.3
Rating: 4.3 stars out of 5
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Discover prides itself on providing low-cost home equity loans.
4.3
Rating: 4.3 stars out of 5
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Those who seek a mix of an online experience and a dedicated loan officer might appreciate Spring EQ's approach to lending.
Bank of America
4.2
Rating: 4.2 stars out of 5
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Bank of America is one of the largest banks in the world, currently serving 67 million customers and small-business clients.
4.2
Rating: 4.2 stars out of 5
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A Bethpage Federal Credit Union HELOC may be a good option if you live in a state where the lender offers the product and its features fit your needs.
4.2
Rating: 4.2 stars out of 5
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Fifth Third Bank is a full-service bank that provides home equity lines of credit (HELOCs) and home equity loans in 11 states.
KeyBank
4.2
Rating: 4.2 stars out of 5
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KeyBank’s home equity loans and lines of credit let you borrow up to 90 percent of your home’s value.
4.1
Rating: 4.1 stars out of 5
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Amerant's HELOCs may be a good option for borrowers in Texas and Florida.
4.1
Rating: 4.1 stars out of 5
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Amplify Credit Union offers both home equity loans and home equity lines of credit starting at $50,000 to its members with properties in Texas.
4.1
Rating: 4.1 stars out of 5
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Chase is a national bank that offers an array of financial services, including home equity lines of credit, or HELOCs.
4.1
Rating: 4.1 stars out of 5
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Connexus Credit Union provides home equity loans and HELOCs in addition to auto loans, personal loans, student loans, credit cards and more.
Regions Bank
4.1
Rating: 4.1 stars out of 5
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Regions Bank offers home equity loans with flexible terms and fixed- and variable-rate HELOCs.
4.1
Rating: 4.1 stars out of 5
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Rockland Trust Bank provides home equity loans and HELOCs in addition to consumer banking, mortgages, investment products and more.
4.0
Rating: 4 stars out of 5
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Flagstar Bank, founded in 1987 and headquartered in Troy, Michigan, offers home equity loans and HELOCs with branches in five states.
4.0
Rating: 4 stars out of 5
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HSBC’s HELOC comes with competitive interest rates and low costs, especially if you have an established relationship with the bank.
4.0
Rating: 4 stars out of 5
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PNC offers a HELOC, but its website is scarce on details.
4.0
Rating: 4 stars out of 5
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Quorum Federal Credit union offers two HELOCs: one that lets you borrow up to 95 percent of your home’s equity and one for investment properties.
U.S. Bank
4.0
Rating: 4 stars out of 5
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U.S. Bank is the fifth-largest bank in the country, with 2,000 branch locations.
3.9
Rating: 3.9 stars out of 5
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Borrowers will need good credit to qualify for a BMO Harris Bank home equity loan or a HELOC with variable- and fixed-rate options.
3.9
Rating: 3.9 stars out of 5
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Northpointe Bank discloses little about its home equity loans and HELOCs online.
3.9
Rating: 3.9 stars out of 5
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PenFed operates in all 50 states and the District of Columbia and primarily serves members of the military community and government employees.
3.9
Rating: 3.9 stars out of 5
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TD Bank's limited reach means that it's not the right choice for everyone, but eligible borrowers can expect good service and low rates.
3.8
Rating: 3.8 stars out of 5
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Credit Union of Texas serves members in all 50 states but offers home equity lines of credit (HELOCs) only in the Lone Star State.
3.8
Rating: 3.8 stars out of 5
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Prosper was the first peer-to-peer lender in the United States. Over the years, it has helped over 1 million customers borrow over $18 billion.
3.8
Rating: 3.8 stars out of 5
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Republic Bank offers various financial products and services, including home equity loans and home equity lines of credit, or HELOCs.
3.8
Rating: 3.8 stars out of 5
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Rocket Mortgage now offers home equity loans.
Truist
3.8
Rating: 3.8 stars out of 5
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Truist offers variable-rate and fixed-rate/fixed term HELOCs.
3.7
Rating: 3.7 stars out of 5
Bankrate Score
Founded in December 2018 and headquartered in New Albany, Ohio, Lower offers mortgages, refinance loans, home equity loans and home equity lines of credit (HELOCs).
Homeside
3.5
Rating: 3.5 stars out of 5
Bankrate Score
Homeside Financial is a national mortgage lender offering home mortgages and home equity lines of credit, also called HELOCs.
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