If you have equity in your home and want flexible cash you can draw as you need it, a HELOC is usually the lowest-cost option. Figure is our top pick for 2026 for speed and simplicity, but the best HELOC lender depends on your credit, how much you need, and how fast you want the money. Here are the six we rate highest, compared side by side.
Rates and terms accurate as of August 2026 · Updated regularly by our editorial team · Check each lender for current rates
Our Top HELOC Lender for 2026
After comparing dozens of lenders, Figure is the one we recommend first. See the full 6-lender comparison below.
The fastest way to turn equity into cash without leaving your couch. Fully online, fixed rate on every draw, and no closing costs.
Quick comparison: the 6 best HELOC lenders
Side-by-side look at the top HELOC lenders for 2026.
Figure
Aven
Alliant
Upstart Home Lending
FourLeaf
Trovy*Starting APR shown; your rate depends on credit, LTV, and state. Verify current rates with each lender.
In-depth reviews
How each lender stacks up on rate, credit line, fees, and speed.
Figure
The fastest, most digital HELOC available. Apply online in minutes and get funds in as little as 5 days, with no closing costs and a fixed rate on every draw.
- Funds in as little as 5 days, fully online
- Fixed rate locked on every draw, no rate surprises
- No closing costs and no annual fee
- Credit lines up to $400K
- Soft credit check to see your rate
- Not available in every state
- 5-year draw period is shorter than some banks
- Variable-rate lovers may prefer a traditional HELOC
Figure is our top pick for most homeowners. It pairs the speed and simplicity of a fully digital application with fixed-rate draws, no closing costs, and funding in as little as 5 days. If you want cash out of your home fast without the paperwork of a bank, start here.
Aven
A HELOC delivered as a credit card, with a fixed rate for the life of the line, approval in as little as 15 minutes, and a low $5,000 draw minimum.
- Approval in as little as 15 minutes
- Fixed rate for the life of the line
- Borrows up to 89% of home value
- Low $5,000 draw minimum
- Rate check with no impact to credit
- 4.90% fee on your first draw
- Delivered as a card, not a traditional line
- Newer lender with a shorter track record
Aven is the standout for speed and access. Its card-based HELOC approves in minutes, carries a fixed rate, and reaches up to 89% LTV, higher than most. Just budget for the 4.90% first-draw fee when you compare total cost.
Alliant Credit Union
A member-owned credit union with one of the lowest intro rates available: 4.99% APR for the first six months, then a competitive variable rate, with a long 10-year draw period.
- 4.99% intro APR for the first 6 months
- Long 10-year draw, 20-year repayment
- No closing costs on lines under $250K
- Accessible 620 credit minimum
- Nationwide credit union membership
- $50 annual fee after the first year
- Intro rate jumps to 8.75%+ variable
- Membership signup required to apply
Alliant is the best pick if you plan to draw early and pay it down fast. The 4.99% six-month intro rate is among the lowest anywhere, and the 10-year draw gives you room. Watch the jump to a variable rate after the intro window.
Upstart Home Lending
Upstart Home Lending HELOCs are available for credit scores starting at 600, with a 100% online application and APRs from 6.52% – 18.00%1.
- Available for credit scores starting at 600
- 100% online application, with no office visits
- Fixed rates2 every time you tap into your credit
- You could have cash sent in as fast as 7 days3
- Easy-to-understand offer details, with no hidden fees or surprise charges
- APRs reach 18.00% at the top of the range1
- Origination fee to open an account is between 0% and 4.99% of the approved credit limit1
- The lowest APR requires credit union membership, a 780 FICO, CLTV under 70%, and DTI under 45%1
- Property insurance is required1
Upstart Home Lending is the option to explore if credit is what has held you back. HELOCs here are available for credit scores starting at 600, which is lower than most lenders on this list, and the application is 100% online. You get a fixed rate2 on each draw and 10 and 15 year terms. Read the full APR range of 6.52% – 18.00%1 before you apply, since the lowest APR carries conditions most borrowers will not meet.
Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873. Equal Housing Opportunity.
1Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of April 2026. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required.
2A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.
3In April 2026, 10% of funded HELOCs achieved a closing timeline of 2 days or less and a funding timeline of 7 days or less. This timeline assumes consumers close with our remote online notary, provide supporting documentation promptly, and ensure the information provided is accurate and consistent with our verification process. Delays, discrepancies, and other unforeseen factors may impact the closing timeline. MBA's 2025 Home Lending Study reports an average industry closing time of 37 days.
FourLeaf Federal Credit Union
A credit union built for larger borrowers: credit lines up to $1,000,000, a 6.99% 12-month intro rate, and no closing costs on lines under $500,000.
- Credit lines up to $1,000,000
- 6.99% intro APR for a full 12 months
- No closing costs on lines under $500K
- No application, origination, or appraisal fees
- Long 10-year draw period
- Higher 670 credit minimum
- 75% max LTV for the intro rate
- Best fit for high-value homes
FourLeaf is the choice for homeowners who need a large line. With limits up to $1M, a full-year 6.99% intro rate, and no closing costs under $500K, it is built for bigger equity draws. The 670 credit floor is the main gate.
Trovy
A flexible digital HELOC built for ongoing home projects, with rates from 5.99%, renewal options on the draw period, and no minimum upfront draw on lines up to $100,000.
- Rates starting at 5.99% variable
- No minimum upfront draw on lines up to $100K
- Renewable draw period for ongoing projects
- Funds available in a few days
- Fully digital application
- Lines capped at $250K
- Variable rate can rise over time
- Smaller, less established lender
Trovy fits homeowners funding a series of projects over time. The renewable draw period and no-minimum-draw feature make it easy to pull only what you need, when you need it. Best for mid-size lines rather than large one-time cash outs.
What Is a HELOC?
A HELOC (home equity line of credit) is a revolving credit line secured by your home. Instead of a lump sum, you get a credit limit you can draw from as needed during the draw period (usually 5 to 10 years), then repay over a longer term. You pay interest only on what you actually borrow, which makes a HELOC a good fit for ongoing or uncertain costs like renovations, tuition, or debt consolidation.
HELOC vs. Home Equity Investment (HEI)
A HELOC is a loan: you make monthly payments and pay interest, but you keep all of your home's future appreciation. A home equity investment (HEI) is not a loan: there are no monthly payments and no income check, but you settle by sharing a slice of your home's future value. Choose a HELOC if you can document income and want the lowest cost of capital; choose an HEI if you want cash without a new monthly bill. If a HELOC is not the right fit, see our best home equity investment companies guide.
Which HELOC is right for you?
Questions People Always Ask
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