North Carolina Home Equity Line of Credit
Average Rate: 9.87%
Lender | APR (%)? | Min. Initial Draw Amount |
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Third Federal Savings and Loan Equal Housing Lender / NMLS ID: 449401 See Table |
Intro APR 7.490 %
After Intro: 7.490 % |
$0 |
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Achieve Loans / NMLS ID: 1810501 See Table |
Intro APR 9.750 %
After Intro: 9.750 % |
$0 |
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Top Flite Financial Equal Housing Lender / NMLS ID: 4181 |
Tap Into the Equity of Your Home to Get The Cash You Need |
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Spring EQ / NMLS ID: 1464945 |
The leader for homeowners tapping cash from their homes since 2016. |
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AmeriSave Mortgage Corporation / NMLS ID: 1168 |
Home Equity Lines, Refinance, & Second Mortgages |
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PenFed Credit Union Equal Housing Lender / NMLS ID: 401822 |
Home Equity Line of Credit - Equal Housing Lender |
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Upstart / NMLS ID: 2443873 |
As low as 8.25% APR on your initial draw* |
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Figure Home Equity Line Equal Housing Lender / NMLS ID: 1717824 |
HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. |
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CrossCountry Mortgage, LLC / NMLS ID: 3029 |
"Unlock Your Home's Potential" |
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First Citizens Bank
Updated 2024-11-12 / NMLS ID: 423184 See Table |
Intro APR 5.990 %
After Intro: 7.990 % Intro Period: 12 months |
$0 |
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Truist Bank
Updated 2024-11-12 / NMLS ID: 399803 See Table |
7.750 %
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$0 |
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First National Bank
Updated 2024-11-12 / NMLS ID: 464053 See Table |
7.040 %
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$0 |
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First Bank
Updated 2024-11-11 / NMLS ID: 551928 See Table |
8.000 %
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$0 |
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Fifth Third
Updated 2024-11-12 / NMLS ID: 403245 See Table |
8.550 %
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$0 | |
mariababyy | Nov 14, 2022 I have been with his corporation since the year 2020 |
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HSBC
Updated 2024-11-12 / NMLS ID: 399799 See Table |
Intro APR 6.240 %
After Intro: 9.100 % Intro Period: 12 months |
$25,000 |
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Regions Bank
Updated 2024-11-12 / NMLS ID: 174490 See Table |
Intro APR 6.990 %
After Intro: 9.125 % Intro Period: 6 months |
$0 |
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Allegacy FCU
Updated 2024-11-12 / NMLS ID: 411603 See Table |
Intro APR 5.750 %
After Intro: 7.750 % Intro Period: 6 months |
$0 |
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Pinnacle Bank
Updated 2024-11-12 / NMLS ID: 409423 See Table |
8.000 %
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$0 |
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Alliance CU
Updated 2024-11-12 / NMLS ID: 440863 See Table |
Intro APR 8.500 %
After Intro: 8.750 % Intro Period: 3 months |
$0 |
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Corporate America Family CU
Updated 2024-11-12 / NMLS ID: 456438 See Table |
8.000 %
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$0 |
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Coastal FCU
Updated 2024-11-12 / NMLS ID: 619449 See Table |
7.900 %
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$15,000 |
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TD Bank
Updated 2024-11-12 / NMLS ID: 399800 See Table |
8.440 %
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$0 |
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Navy FCU
Updated 2024-11-12 / NMLS ID: 399807 See Table |
8.250 %
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$0 | |
Washington Trust Bank
Updated 2024-11-12 / NMLS ID: 728368 See Table |
8.500 %
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$0 |
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Bank of America
Updated 2024-11-12 / NMLS ID: 399802 See Table |
Intro APR 6.740 %
After Intro: 8.710 % Intro Period: 6 months |
$100,000 |
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State Employees' Credit Union
Updated 2024-11-11 / NMLS ID: 430055 See Table |
7.250 %
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$0 |
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Truliant Federal CU
Updated 2024-11-12 / NMLS ID: 411251 See Table |
8.000 %
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$0 |
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South State Bank
Updated 2024-11-12 / NMLS ID: 401262 See Table |
7.500 %
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$10,000 |
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details. |
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Pnc Bank, National Association Updated 10/04/2022 See Table |
3.740 % | Varies | |
Pentagon Credit Union Updated 06/25/2020 Restrictions See Table |
3.750 % | Varies | |
Citibank, National Association Updated 01/19/2021 See Table |
3.990 % | Varies | |
State Employees' Credit Union Updated 02/17/2023 Restrictions See Table |
4.500 % | Varies | |
Armed Forces Bank, National Association Updated 01/17/2020 See Table |
4.740 % | Varies | |
Coastal Credit Union Updated 08/26/2019 Restrictions See Table |
4.740 % | Varies | |
State Employees Cu Of Maryland, Inc Credit Union Updated 01/17/2020 Restrictions See Table |
4.750 % | Varies | |
Alliant Credit Union Updated 01/17/2020 Restrictions See Table |
4.750 % | Varies | |
Suntrust Bank Updated 06/25/2019 See Table |
5.000 % | Varies | |
Piedmont Federal Savings Bank Updated 08/23/2019 See Table |
5.500 % | Varies | |
Everbank, National Association Updated 06/25/2019 See Table |
5.500 % | Varies | |
Virginia Credit Union, Inc., Credit Union Updated 03/10/2020 Restrictions See Table |
5.500 % | Varies | |
Citizens Equity First Credit Union Updated 08/27/2019 Restrictions See Table |
5.540 % | Varies | |
United Nations Credit Union Updated 09/13/2019 Restrictions See Table |
5.630 % | Varies | |
Charles Schwab Bank, Ssb Updated 09/27/2019 See Table |
5.740 % | Varies | |
Navy Federal Credit Union Credit Union Updated 01/30/2023 Restrictions See Table |
5.750 % | Varies | |
Jovia Financial Credit Union Updated 02/28/2023 Restrictions See Table |
5.990 % | Varies | |
Td Bank, National Association Updated 10/10/2022 See Table |
6.340 % | Varies | |
Bank Of America, National Association Updated 04/21/2023 See Table |
6.490 % | Varies | |
Truist Bank Updated 12/15/2022 See Table |
6.490 % | Varies | |
Data provided by BestCashCow |
APR (Annual Percentage Rate) is the rate that incorporates monthly compounding charges to express the a finance charges as an annual rate.
1 Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. Compensation is higher for Featured placements. This table does not include all companies or all available products.
Rates from this table are based on loan amount of $100,000 and a variety of factors including credit score and loan to value ratios. Rates may change at any time and are not guaranteed to be correct. For specific requirements please check with the lender.
Home Equity Line of Credit (HELOC) Rates
Home equity lines of credit (HELOCs) are loans secured against the equity in your home, They are typically less costly and more flexible than home equity loans. Since they are lines of credit, the borrower only draws the amount that they need and only pays interest on that amount. The amortization schedule ordinarily does not require payback of the principal drawn until year 10 (HELOCs are, therefore, technically “interest only” loans until that time).
HELOC lenders will lend up to 90% the value of the equity in your home and the typical HELOC line is from $200,000 up to $500,000.
How to Find the Best HELOC Rate
As you see in the table above, the pricing of a home equity line of credit varies from lender to lender. HELOC rates are based on the prime lending rate (“prime”) - the rate that commercial banks charge their most creditworthy customers. Most lenders add on a margin above the prime rate. The average HELOC rate is 9.87%.
Risk to HELOCs
HELOC rates fluctuate. Repayment terms are tied to the prime lending rate and that rate is likely to move up – perhaps dramatically - over the next few years as the Federal Reserve raises the Fed Funds rate. A 10-year home equity loan or a 15-year home equity loan, however, may be a safer option at this time. Depending on your personal circumstances, you should also consider mortgage refinance options.