​In 2025, homeowners seeking to leverage their property’s equity have a variety of options across the United States. Home equity loans and HELOCs offer avenues to access funds for purposes such as home remodeling, consolidating debt, or educational expenses. It’s not surprising that many of the high cost states like California, New Jersey, Virginia, Maryland and Florida make the list for best home equity loan and HELOC rates in 2025.

Top 15 States for Best Home Equity Loan Rates and Terms

home equity loan rates by state

Home equity interest rates for these financial products can vary significantly based on factors like geographic location, lender policies, and individual borrower profiles.

The RefiGuide published this article ranking the top 15 states offering competitive home equity loan rates in 2025. 

We broke down the top 15 states for competitive home equity loans and HELOCs if you were curious.

1. Virginia Home Equity Loan Rates

Virginia’s robust economy and competitive banking sector contribute to favorable home equity loan rates. As of March 2025, the average Virginia home equity loan rate was approximately 7.70%, slightly below the national average of 8.40%. Major Virginia home equity lenders in the state offer home equity and HELOC rates ranging from 7.20% to 8.00%, depending on loan terms and borrower qualifications. We suggest comparing the equity loans to the VA HELOC rates as well.

  • Bank of America: Offers competitive home equity lines of credit (HELOCs) with potential rate discounts for existing customers. ​

  • U.S. Bank: Provides both home equity loans and HELOCs with flexible terms and competitive rates. ​

  • Langley Federal Credit Union: offers fixed-rate home equity loans with rates starting as low as 5.99% APR for a 7-year term. This option provides the stability of fixed monthly payments over the loan term. ​

  • Virginia Credit Union: provides fixed-rate home equity loans with rates as low as 7.50% APR. This loan features no closing costs and fixed monthly payments, offering predictability for borrowers.

2. Maryland Home Equity Loan Rates

Maryland’s proximity to major financial hubs ensures access to a variety of lending options. The average Maryland home equity loan rate stands at 7.85%, with competitive offerings from both local and national banks. Borrowers with strong credit profiles can secure rates as low as 7.60%. Consider the Baltimore HELOC rates. Many of the Maryland home equity lenders are offering low introductory MD HELOC rates worth researching.

  • PNC Bank: Offers home equity loans with fixed rates and flexible repayment terms.​

  • Truist: Provides HELOCs with potential fixed-rate conversion options.

  • MECU Credit Union: MECU offers fixed-rate home equity loans with terms up to 15 years. For example, a 10-year fixed-rate equity loan is available at an APR as low as 6.49%, with an estimated monthly payment of $11.35 per $1,000 borrowed. MECU provides a low rate HELOCs in Maryland with a 5.99% fixed APR for the first 12 months, transitioning to a variable rate as low as Prime minus 0.25% thereafter. Credit lines are available for up to 15 years, with amounts ranging from $5,000 up to 80% of your home’s equity.

  • APG Federal Credit Union (APGFCU) :APGFCU offers fixed-rate Maryland home equity loans with terms up to 20 years. For instance, a 10-year loan has an APR as low as 5.64%, resulting in a monthly payment of approximately $10.92 per $1,000 borrowed.

3. Florida Home Equity Loan Rates

The Sunshine states’ dynamic real estate market influences the Florida home equity loan rates. In 2025, the average rate is around 8.10%, aligning closely with the national average. Florida home equity lenders provide rates between 7.77% and 8.30%, contingent on factors such as loan-to-value ratios and credit scores.

  • Regions Bank: Offers home equity loans with competitive rates and flexible terms.​

  • Bank of America: Provides HELOCs with potential rate discounts for qualifying customers. ​

  • Space Coast Credit Union (SCCU) SCCU offers HELOCs with no points, no loan origination fees, and no intangible tax. This makes it a cost-effective option for borrowers seeking flexible access to their home’s equity

  • Sun Coast Credit Union: Suncoast provides both fixed-rate home equity loans and variable-rate HELOCs with competitive interest rates. They offer up to $1,000 toward closing costs, enhancing affordability for borrowers.

4. California Home Equity Loan Rates

California’s vast economy and competitive lending environment result in attractive CA home equity loan rates. The average rate is approximately 7.75%, with top lenders offering rates starting at 7.50% for well-qualified borrowers. The state’s diverse financial institutions cater to a wide range of borrower needs. Whether you are looking for a HELOC in San Diego, Loan Angeles or San Francisco, we can help you shop for the Best California home equity lenders online at no cost.

  • Wells Fargo: Offers home equity lines of credit with competitive rates and flexible access to funds.​

  • Figure: Provides quick approval HELOCs with fixed rates, catering to borrowers seeking fast access to funds.

  • Star One Credit Unionoffers fixed-rate home equity loans with rates as low as 6.625% APR.This option provides the stability of fixed monthly payments over the loan term. ​They also provide HELOCs with rates starting at 7.500% APR, offering flexibility for borrowers who prefer to access funds as needed.

  • 1st United Credit Union  United offers HELOCs with rates as low as 5.500% APR. This line of credit functions similarly to a credit card, allowing easy access to funds through checks or transfers. Borrowers can utilize up to 80% of their home’s equity

5. New Jersey Home Equity Loan Rates

New Jersey’s banking sector offers home equity loan rates averaging 8.00% in 2025. Lenders provide rates ranging from 7.70% to 8.20%, influenced by borrower creditworthiness and equity loan terms. The state’s proximity to major financial centers contributes to a competitive lending landscape. Many banks and lenders are offering low intro NJ HELOC rates.

  • North Jersey Federal Credit Union (NJFCU) offers fixed-rate home equity loans with rates as low as 6.25% APR for a 5-year term. For example, a $10,000 loan at this rate requires 60 monthly payments of $194.47. Rates may vary based on creditworthiness and loan terms.
  • First Harvest Credit Union  First Harvest provides fixed-rate home equity loans with rates starting at 6.24% APR. Borrowers can finance up to 90% of their home’s equity, with loan amounts up to $200,000 for first-lien positions. The credit union also covers appraisal fees, reducing upfront costs for borrowers.

  • TD Bank: Offers New Jersey home equity loans with fixed rates and no application fees.​

  • Third Federal Savings & Loan: Provides competitive NJ HELOC rates with low fees,

6. South Carolina Home Equity Loan Rates

South Carolina’s growing economy and housing market have led to favorable home equity loan rates. The average rate is around 7.90%, with lenders offering rates between 7.60% and 8.10%. Borrowers with excellent credit can access the most competitive rates.

  • South State Bank: Offers home equity loans with competitive rates and flexible terms.​

  • Truist: Provides HELOCs with potential fixed-rate options and competitive rates.

7. Wisconsin Home Equity Loan Rates

Wisconsin’s stable housing market contributes to home equity loan rates averaging 7.85% in 2025. Local and regional banks offer rates from 7.60% to 8.00%, depending on borrower qualifications and loan specifics. Do not forget to check the Wisconsin HELOC rates as they could be lower than the fixed interest rates.

  • Associated Bank: Offers home equity loans with fixed rates and various term options.​

  • U.S. Bank: Provides both home equity loans and HELOCs with competitive rates and terms. ​

8. Georgia Home Equity Loan Rates

Georgia’s diverse economy supports a competitive lending environment. The average Georgia home equity loan rate is approximately 8.05%, with lenders providing rates between 7.80% and 8.20%. Borrowers with strong credit histories can secure more favorable terms.

  • SunTrust (now Truist): Offers home equity lines of credit with competitive Georgia HELOC rates and flexible terms.​

  • Regions Bank: Provides home equity loans with fixed rates and flexible repayment options.

  • Credit Union of Georgia: Offers fixed-rate home equity loans with rates as low as 6.09% APR for terms up to 15 years. Shorter terms may have Low intro Georgia HELOC rates as low as 5.49% APR. Additionally, there are no closing costs associated with these 2nd mortgages.

9. Michigan Home Equity Loan Rates

Michigan’s recovering housing market has led to home equity loan rates averaging 8.00% in 2025. Lenders in the state offer rates ranging from 7.70% to 8.10%, influenced by factors such as credit scores and loan amounts.

Lake Michigan Credit Union (LMCU)

  •  LMCU offers fixed-rate home equity loans with terms ranging from 5 to 15 years. Lake Michigan home equity rates are competitive, and there are no application fees. ​

  •  For those preferring a variable-rate option, LMCU provides HELOCs with a current rate as low as 7.24% APR. These lines of credit offer flexibility and no annual fees. ​

Michigan Schools & Government Credit Union (MSGCU)

  • MSGCU offers fixed-rate home equity loans with rates as low as 6.49% APR. These loans are disbursed in a one-time lump sum, making them ideal for specific projects or expenses. ​

  • For a more flexible borrowing option, MSGCU provides HELOCs with variable rates starting at 7.50% APR. This option allows borrowers to access funds as needed, similar to a credit card. ​

10. Texas Home Equity Loan Rates

Texas boasts a robust economy, and its home equity loan rates reflect this strength. The average rate is around 7.95%, with lenders offering rates between 7.70% and 8.15%. State regulations also play a role in shaping loan terms and availability. There are unique state restriction and rules for Texas home equity loans, HELOCs and cash out refinancing, so verify you meet the CLTV restrictions.

  • Frost Bank: Offers home equity loans with competitive rates and no closing costs.​

  • Bank of America: Provides HELOCs with potential rate discounts for existing customers. ​

11. North Carolina Home Equity Loan Rates

North Carolina’s growing financial sector contributes to competitive NC home equity loan rates, averaging 7.85%. Lenders provide rates from 7.60% to 8.00%, with favorable terms for borrowers with high credit scores.

  • Truist: Offers home equity loans and HELOCs with competitive rates and flexible terms.​

  • Bank of America: Provides HELOCs with potential rate discounts for qualifying customers.

12. Connecticut Home Equity Loan Rates

Connecticut offers home equity loan rates averaging 8.10% in 2025. Lenders in the state provide rates between 7.85% and 8.25%, influenced by borrower profiles and second mortgage characteristics. Learn how to shop and compare CT HELOC rates.

  • Webster Bank: Offers home equity loans with fixed rates and flexible terms.​

  • People’s United Bank: Provides HELOCs with competitive rates and flexible access to funds.

13. Pennsylvania Home Equity Loan Rates

Pennsylvania’s stable housing market results in home equity loan rates averaging 8.00%. Lenders offer rates ranging from 7.75% to 8.15%, with competitive Pennsylvania HELOC rates and terms available for qualified borrowers.

  • Truist: Offers home equity loans and HELOCs with competitive rates and flexible terms.​

  • Bank of America: Provides HELOCs with potential rate discounts for qualifying customers.

14. Ohio Home Equity Loan Rates

Ohio’s home equity loan rates average 7.90% in 2025. Lenders provide rates between 7.65% and 8.05%, with borrower creditworthiness playing a significant role in OH home equity rate determination.

  • Third Federal Savings & Loan: Offers competitive home equity loan rates with low fees. ​

  • Huntington Bank: Provides home equity lines of credit with competitive rates and terms.

15. Washington Home Equity Loan Rates

Washington’s growing economy and housing market contribute to WA home equity loan rates averaging 8.05%. Lenders offer rates from 7.80% to 8.20%, with favorable terms for borrowers with strong credit profiles. We suggest comparing Washington HELOC rates with fixed home equity loan rates online.

  • U.S. Bank: Offers home equity loans and HELOCs with competitive rates and flexible terms. ​

  • Wells Fargo: Provides home equity lines of credit with competitive rates and flexible access to funds.

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Factors Influencing Home Equity Loan Rates

Several factors affect the interest rates on home equity loans:

  • Credit Score: Higher credit scores typically result in lower interest rates.​

  • Loan-to-Value (LTV) Ratio: A lower LTV ratio can lead to more favorable rates.​Bankrate

  • Loan Amount: Larger loan amounts may qualify for lower rates, depending on the lender.​

  • Economic Conditions: Overall economic health and Federal Reserve policies influence interest rates.​

In 2025, homeowners across various states have access to competitive home equity loan quotes and find the best HELOC rates today. Factors such as creditworthiness, loan terms, and economic conditions play crucial roles in determining the specific rates available to borrowers.

How Long to Get a Home Equity Loan?

The time required to get a home equity loan varies by lender but typically takes two to six weeks from application to funding. The process includes applying, credit checks, home appraisal, underwriting, and closing. Some lenders offer expedited approvals, especially for borrowers with strong credit and low loan-to-value (LTV) ratios. If an appraisal is required, it may add extra time to the process. Choosing a lender with streamlined digital applications can help speed up approval.

What Companies Offer the Best Second Mortgage Rates Nationally?

Several national lenders offer competitive second mortgage rates, including Bank of America, Wells Fargo, U.S. Bank, and Rocket Mortgage. Online lenders like Better.com and LoanDepot also provide low-rate options with quick approvals. 2nd mortgage loan rates vary based on credit score, loan amount, and LTV ratio, so it’s best to compare lenders and request quotes. Additionally, credit unions and local banks may offer better deals for qualified borrowers, making it essential to shop around for the best rate.

What Are Equity Loan and HELOC Closing Costs on Average?

Home equity loan and HELOC closing costs typically range from 2% to 5% of the loan amount. These costs may include appraisal fees ($300–$600), origination fees (1%–2% of the loan), title search fees, and government recording charges. Some home equity lenders offer no-closing-cost HELOCs, but they may have higher interest rates. Always review Good Faith Estimates to understand total costs, as some lenders allow borrowers to roll closing fees into the loan balance.

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