Investopedia’s pick for the best home equity line of credit (HELOC) lender is Figure, based on the fintech’s polished online experience and low fees. The non-bank lender has prioritized customer experience, and its application and approval process are smooth and easy.
As we researched HELOC lenders, we focused on features like affordable loan costs, flexible borrowing limits and requirements, and customer experience. Our list includes small and large lenders, credit unions, and non-bank lenders so borrowers can find one that meets their needs.
To choose the best HELOC lenders, we collected data on interest rates, fees, credit requirements, customer satisfaction, and more on 15 of the largest HELOC lenders. We also collected and analyzed lending data from the Home Mortgage Disclosure Act (HMDA) database. After weighting those factors and scoring, we evaluated and identified the best overall lenders listed below.
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