Interactive Tool

Find Your Best-Match HELOC Lender

Pick what matters most to you, and we’ll show your best-matching lender from our HELOC comparison.

What matters most to you?

Your match

Alliant Credit Union

Best Overall
Max CLTV80–85%
Min Credit Score~620
Draw Period10 years

No closing costs for many borrowers, competitive rates, and solid CLTV — the most balanced all-around option.

Requires credit union membership, but it’s easy to obtain.

Bank of America

Best for Low Fees
Max CLTV~85%
Min Credit Score~660
Draw Period10 years

No application fee, no annual fee, and no closing costs on many HELOCs, backed by a large branch network.

Needs a credit score of about 660+ to qualify.

Figure

Best for Fast Funding
Max CLTV~85%
Min Credit Score~640
Draw Period~5 years

Approval in minutes and funding in as little as 5 days, using automated valuations instead of a traditional appraisal.

Trade-off is a shorter draw period than a traditional HELOC.

Better Mortgage

Best for Digital Experience
Max CLTV~90%
Min Credit Score620
Draw Period5–10 years

Up to 90% CLTV with a fully digital process — higher than most lenders on this list.

Requires an initial draw of at least $50,000 or 75% of your credit limit.

Aven

Best for Credit-Card-Style Access
Max CLTV~80%
Min Credit Score~640
Draw PeriodVaries

A hybrid, credit-card-style HELOC with fast online approval and funding in as little as a few days.

A different structure than a traditional bank HELOC — worth comparing carefully.

Truist Bank

Best for Large Bank Network
Max CLTV80–85%
Min Credit Score~660
Draw Period10 years

Flexible borrowing limits backed by a large banking network, suited to bigger renovation projects.

Needs a credit score of about 660+ to qualify.

Navy Federal Credit Union

Best for High CLTV / Military
Max CLTVUp to 95%
Min Credit Score~620
Draw PeriodUp to 20 yrs

Highest CLTV and longest draw period on this list — the most borrowing room for eligible military households.

Membership required: military, veterans, DoD employees, and family only.

Point

Best for Largest HELOC Amounts
Max CLTV~85%
Min Credit Score~640
Draw Period~5 years

Our highest-scored home equity lender, with HELOC lines up to $750,000. Also offers a home equity investment (HEI) with a 500 minimum credit score if you don’t qualify for the HELOC.

HELOC is originated through Figure, so it shares Figure’s credit and CLTV terms.

Interactive Tool

Find Your Best-Match HELOC Lender

Pick what matters most to you, and we’ll show your best-matching lender from our HELOC comparison.

What matters most to you?

Your match

Alliant Credit Union

Best Overall
Max CLTV80–85%
Min Credit Score~620
Draw Period10 years

No closing costs for many borrowers, competitive rates, and solid CLTV — the most balanced all-around option.

Requires credit union membership, but it’s easy to obtain.

Bank of America

Best for Low Fees
Max CLTV~85%
Min Credit Score~660
Draw Period10 years

No application fee, no annual fee, and no closing costs on many HELOCs, backed by a large branch network.

Needs a credit score of about 660+ to qualify.

Figure

Best for Fast Funding
Max CLTV~85%
Min Credit Score~640
Draw Period~5 years

Approval in minutes and funding in as little as 5 days, using automated valuations instead of a traditional appraisal.

Trade-off is a shorter draw period than a traditional HELOC.

Better Mortgage

Best for Digital Experience
Max CLTV~90%
Min Credit Score620
Draw Period5–10 years

Up to 90% CLTV with a fully digital process — higher than most lenders on this list.

Requires an initial draw of at least $50,000 or 75% of your credit limit.

Aven

Best for Credit-Card-Style Access
Max CLTV~80%
Min Credit Score~640
Draw PeriodVaries

A hybrid, credit-card-style HELOC with fast online approval and funding in as little as a few days.

A different structure than a traditional bank HELOC — worth comparing carefully.

Truist Bank

Best for Large Bank Network
Max CLTV80–85%
Min Credit Score~660
Draw Period10 years

Flexible borrowing limits backed by a large banking network, suited to bigger renovation projects.

Needs a credit score of about 660+ to qualify.

Navy Federal Credit Union

Best for High CLTV / Military
Max CLTVUp to 95%
Min Credit Score~620
Draw PeriodUp to 20 yrs

Highest CLTV and longest draw period on this list — the most borrowing room for eligible military households.

Membership required: military, veterans, DoD employees, and family only.

Point

Best for Largest HELOC Amounts
Max CLTV~85%
Min Credit Score~640
Draw Period~5 years

Our highest-scored home equity lender, with HELOC lines up to $750,000. Also offers a home equity investment (HEI) with a 500 minimum credit score if you don’t qualify for the HELOC.

HELOC is originated through Figure, so it shares Figure’s credit and CLTV terms.

The Mortgage Reports 2026 Best HELOC Lenders

Our Best Overall pick, followed by lenders grouped by what matters most to you — low fees, fast funding, high borrowing power, and more. See “How We Chose These Lenders” below for our full reasoning.

  • Best Overall

    Better Mortgage

    Best Overall
    4.3/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV ~90%
    Min Credit Score 620
    Draw Period 5–10 years

    Why it's our Best Overall pick: The strongest all-around combination on this list — CLTV up to 90%, an accessible 620 credit minimum, a fully digital process, and a solid 4.3/5 Overall Lender Score. Requires an initial draw of at least $50,000 or 75% of your credit limit, whichever is greater.

  • Point

    Best for Largest HELOC Amounts
    4.7/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV ~85%
    Min Credit Score ~640
    Draw Period ~5 years

    Why it's here: The highest Overall Lender Score on this list. Point’s HELOC (up to $750,000) is originated through Figure, so it carries the same credit score, CLTV, and draw period terms — but Point also offers a home equity investment (HEI) with a 500 minimum credit score for homeowners who don’t qualify for a HELOC.

  • Truist Bank

    Best for Large Bank Network
    4.5/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV 80–85%
    Min Credit Score ~660
    Draw Period 10 years

    Why it's here: Flexible borrowing limits backed by a large banking network, suited to bigger renovation projects or long-term borrowing needs — a solid choice mainly if in-person branch access matters to you.

  • Bank of America

    Best for Low Fees
    4.3/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV ~85%
    Min Credit Score ~660
    Draw Period 10 years

    Why it's here: No application fee, no annual fee, and no closing costs on many HELOCs — savings that can preserve $2,000–$5,000 versus a typical lender.

  • Aven

    Best for Credit-Card-Style Access
    4.0/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV ~80%
    Min Credit Score ~640
    Draw Period Varies

    Why it's here: A hybrid, credit-card-style HELOC with fast online approval and funding in as little as a few days — a different structure than a traditional bank HELOC.

  • Figure

    Best for Fast Funding
    4.0/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV ~85%
    Min Credit Score ~640
    Draw Period ~5 years

    Why it's here: Fully digital process with approval in minutes and funding in as little as 5 days, using automated valuations instead of a traditional appraisal. Trade-off is a shorter draw period.

  • Upstart

    Best for Low Credit Score Requirements
    4.0/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV Up to 95%
    Min Credit Score 600
    Draw Period Not published

    Why it's here: The most accessible credit minimum on this list at 600, plus CLTV up to 95%. A technology-driven lender (not a bank), with fully digital applications and funding often in days.

  • Best for High CLTV / Military
    3.2/5 The Mortgage Reports Overall Lender Score Read the full review
    Max CLTV Up to 95%
    Min Credit Score ~620
    Draw Period Up to 20 yrs

    Why it's here: Highest CLTV and longest draw period on this list — the most borrowing room for eligible military, veteran, and DoD households, with real HELOC terms that hold up well regardless of category. Its lower Overall Lender Score reflects that it doesn’t offer FHA or USDA loans (unrelated to HELOC quality). Membership required: military, veterans, DoD employees, and family only — which is also why it isn’t eligible for our Best Overall pick, reserved for lenders open to any borrower.

Rates, CLTV limits, and credit score minimums are approximate and vary by state, borrower profile, and property. Lender and homepage links are provided for reference; see full lender reviews for details.

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