1
BO
Bank of America
HELOCs from the largest HELOC lender by volume
- No origination or annual fee
- 10-year draw period and 20-year repayment
- Fixed-rate option and relationship discounts
Updated October 2026 · rate · LTV limit · closing costs
Compare the Best Home Equity Loans (2026)
Borrow against the equity you have built. Compare variable-rate HELOCs and fixed-rate home equity loans from multiple lenders.
About 2 minto see your matches
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Step 1
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Providers
Featured home equity providers
2
F
Figure
Online HELOC with funding in as few as five days
- Funding in as few as five days
- Credit score as low as 600
- Fixed or variable rates
3
PB
PNC Bank
Bank HELOC with a traditional draw period
- 10-year draw period
- No requirement to draw at closing
- Branch and online service
Our top picks, explained
Best for no lender fees
BO
Bank of America
Keeps costs low with no origination or annual fee.
Pros and cons
- No lender fees
- Long draw period
- Doesn't publish typical closing times
Best for fast funding
F
Figure
The fastest route to cash for borrowers who know how much they need.
Pros and cons
- Very fast closing
- Fully online
- Full line is drawn at closing
- Origination fee up to 4.99%
Best for flexible draws
PB
PNC Bank
A traditional HELOC structure for borrowers who want to draw funds over time.
Pros and cons
- Draw only what you need
- Bank branch access
- Not available in every state
Side-by-side comparison
BO | F | PB | |
|---|---|---|---|
| Trustpilot rating | – | – | |
| Max CLTV | 85% | 85% | Varies |
| Draw period | 10 years | 3–5 years | 10 years |
| Annual fee | $0 | $0 | Varies |
| Fixed-rate option | Yes | Yes | Yes |
| Visit site | Visit site | Visit site |
Provider details were checked against public sources in October 2026; confirm current rates and terms with the provider. Listings may include providers that compensate The Top 10 Experts. Order and placement may be influenced by compensation. Advertiser disclosure.
Before you choose
What to compare
Use these points to compare any home equity provider, whether or not it appears on The Top 10 Experts.
CLTV
Combined loan-to-value
Lenders cap your total borrowing, first mortgage included, at a share of your home's value. That cap sets how much you can draw.
Rate type
Fixed vs. variable
Home equity loans usually lock a fixed rate. HELOCs usually float with the prime rate, so payments can change.
Draw period
How and when you access money
A HELOC works like a credit line during its draw period, then switches to repayment. A loan pays out once.
Fees
Closing costs and annual fees
Ask about appraisal, origination and annual fees, plus any penalty for closing the line early.
Common questions
What is the difference between a HELOC and a home equity loan?
A home equity loan pays a lump sum at a fixed rate. A HELOC is a revolving line you draw from as needed, usually at a variable rate.
Is my home at risk?
Yes. Both are secured by your home, so missed payments can lead to foreclosure. Borrow only what you can repay comfortably.
Is the interest tax-deductible?
In some cases, when funds are used to buy, build or substantially improve the home. Check with a tax professional for your situation.
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