Best HELOC Rates California Home Equity Line of Credit Rates

Best home equity line of credit (HELOC) rates in California

Looking for current Heloc Rates? ERATE.com provides an extensive list of Heloc Rates from banks, credit unions and mortgage lenders in CA.  We list top offers from numerous lenders for you. Over 35 lenders on Calif chart. Rates are updated daily. Additionally you can see the best Heloc rates even quicker each day via our Mortgage Rates iPhone App

(Last Updated: 05/19/2025)
Home Equity Lenders
APR
Rate
Initial Draw
 Contact details
6.990% Intro APR
6.990% After Intro PeriodIntro Period: 0 months		 6.990% Rate $0 Min. Initial Draw Amount
Conditions:
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com.
  • Third Federal rate are typically 20% lower than other leaders
  • Guaranteed Lowest Rate
  • No closing costs, prepayment penalties, or minimum draw requirements
  • 10 year draw period
7.350% Intro APR
7.350% After Intro PeriodIntro Period: 0 months		 7.350% Rate $15,000 Min. Initial Draw Amount
Conditions:
Available APRs range from 6.8% - 15.20*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states.(the advertised APR includes a combined 0.25% discount for opting into a credit union membership (0%) and enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Rates change frequently so your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw, depending on the state in which your property is located and your credit profile. You may also be responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone.
  • Flexible terms, borrow $15K-$400K, redraw up to 100%
  • Use to consolidate debt or finance your next home project
  • 100% digital app & automated valuation
  • Largest non-bank HELOC lender in the US
No Lender Fees
Conditions:
HELOC, HELOAN or CASHOUT REFI all available.
  • No Lender Fees
  • Fast
  • Easy
  • Over 20 Years Experience
6.490% Intro APR
7.750% After Intro PeriodIntro Period: 12 months		 7.750% Rate $25,000 Min. Initial Draw Amount
Conditions:
Rates/terms are subject to change. All offers of credit are subject to credit approval. Applicants may be offered credit at higher rates and other terms. Property insurance (including flood insurance, if applicable) is required. HELOCs not offered in Texas. Membership at FourLeaf is required by opening a minimum $5 share account. Rates shown are based on primary residence, minimum initial draw of $25,000 at account opening, monthly payments via automatic transfers from a FourLeaf checking/savings account, and borrower(s) inputs for credit score and Combined Loan-to-Value. If borrower(s) qualifies for an intro rate, the intro APR is fixed for 12 months. After, standard APR is variable based on the U.S. Prime Rate, plus a margin, and is subject to increase. To obtain an intro rate, borrower(s) must meet credit/loan program requirements, including (but not limited to): 1) maximum CLTV of 75%, 2) minimum credit score of 720 3) initial draw of $25,000 and maintain this balance for 12 months, 4) monthly payments via automatic transfers from a FourLeaf checking/savings account, and 5) have not had an intro rate within the past 5 years. Loan amounts over $500,000 are not available for the intro rate. The standard APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable), and is subject to increase after consummation. The current standard APR ranges from 7.50% - 18.00% as of 4/16/2025. Not all applicants will qualify for the lowest rate. The minimum floor APR is 3.25% and maximum is 18%. Prime Rate as of 4/16/2025 = 7.50%. Closing costs for the first $500,000 will be paid by FourLeaf but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. Fees generally range between $500 - $15,000. Borrower(s) will be responsible for mortgage-related taxes and title insurance costs on the line amounts over $500,000. Fees generally range between $500 -$60,000.
  • Tap into your home's equity & access the funds you need with a HELOC
  • Apply online or speak with a specialist
  • No application, origination & appraisal fees on lines up to $500K[3]
  • On average, access funds within 35 days[5]
9.875% Intro APR
9.875% After Intro PeriodIntro Period: 0 months		 9.875% Rate $0 Min. Initial Draw Amount
Conditions:
Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501). Equal Housing Opportunity. Offers may vary and loan requests are subject to eligibility requirements, application review, loan amount, loan term, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. 10, 15, 20, and 30-year terms available. Minimum 600 credit score applies for debt consolidation requests (20 and 30 year terms require a minimum credit score of 640), minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 6.74% - 14.75% and are assigned based on underwriting requirements; offer APRs may include a discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month and can fluctuate during the draw period. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied. Combined loan-to-value ratio may not exceed 80% (20 and 30 year debt consolidation requests may not exceed 75%), including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Equal Housing Opportunity. Contact Achieve Loans for further details.
  • Competitive rates, Pre-qualify in minutes
  • Mortgage Advisors standing by to help find the best solution
  • Flexible terms with fast funding
  • Minimum credit score: 640
Home Equity Line of Credit - Equal Housing Lender
Conditions:
Interest-only payments during the 10-year draw period
  • Home Equity Line of Credit - Equal Housing Lender
  • Loans Amounts from $25,000 - $500,000
  • Get a HELOC from PenFed to Put Your Home Equity to Work
  • HELOCs Can Offer Lower Rates Than Credit Cards or Personal Loans
10.950% Intro APR
10.950% After Intro PeriodIntro Period: 0 months		 10.950% Rate $0 Min. Initial Draw Amount
Conditions:
Your rate will never increase above the start rate. California properties only. Max CLTV 75%. 5 year interest only followed by a 20 year repayment period.
  • Up to $250,000 in Home Equity Line of Credit.
  • Your rate will never go above the start rate. It can only go lower.
  • Low monthly payment - Interest only for the first 5 years
  • Get approved online in less than 5 minutes.
HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online.
Conditions:
The Figure Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
  • Fastest way to turn home equity into cash
  • Flexible terms, redraw up to 100%, borrow $15k-$400k
  • Approval in as little as 5 minutes. Funding in as few as 5 days.
  • Use to consolidate debt or finance your next home project
Get up to $500k with no monthly payments, ever.
Conditions:
Pointʼs Home Equity Investment (HEI) is an entirely new way to unlock your homeʼs wealth. Point partners with and invests alongside the homeowner in the property. Subject to underwriting approval, Point will pay you an upfront, lump sum amount in exchange for a portion of your home’s future appreciation. Future appreciation is based on using the risk adjusted Appreciation Starting Value and calculating any gain or loss based on the final appraised value of your home at the time of exit. Point charges up to a 3.9% processing fee (subject to a $2,000 minimum) and other third party paid closing costs such as appraisal, escrow, and government fees. The term is 30 years. Point will place a lien on your home to secure performance of the underlying agreement. There are no monthly payments or interest accrual. Homeowner’s repayment amount is based on the future value of the subject property at the time of exit, as outlined in the underlying agreement.
  • No income requirements or need for perfect credit
  • Your home wealth, to use your way
  • Find out if you qualify in as little as 60 seconds
  • Home Equity Investments are not considered a loan in all states
Home Equity Loans & Refinance – Cash out
Conditions:
• Home Equity Loans & Refinance – Cash out • Customized rate quote with no impact to credit • Low Rates, Quick Approvals, Wide Range of Products • Over 100 Billion Funded. 22 Years in Business
  • Home Equity Loans & Refinance – Cash out
  • Customized rate quote with no impact to credit
  • Low Rates, Quick Approvals, Wide Range of Products
  • Over 100 Billion Funded. 22 Years in Business
Get cash now in exchange for a percentage of your homes future equity.
Conditions:
Unlock isn't a lender & doesn't offer loans, so you don't need perfect credit to apply! No Additional Debt!
  • No monthly payments or interest charges
  • Minimum Credit score: 500
  • Access up to $500k
  • No need to refinance
5.990% Intro APR
8.750% After Intro PeriodIntro Period: 12 months		 8.750% Rate $0 Min. Initial Draw Amount
8.240% APR 8.240% Rate $0 Min. Initial Draw Amount
7.650% APR 7.650% Rate $15,000 Min. Initial Draw Amount
5.990% Intro APR
8.750% After Intro PeriodIntro Period: 6 months		 8.750% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
8.400% After Intro PeriodIntro Period: 12 months		 8.400% Rate $25,000 Min. Initial Draw Amount
8.250% APR 8.250% Rate $0 Min. Initial Draw Amount
8.000% APR 8.000% Rate $0 Min. Initial Draw Amount
7.750% APR 7.750% Rate $0 Min. Initial Draw Amount
8.000% APR 8.000% Rate $0 Min. Initial Draw Amount
8.000% APR 8.000% Rate $0 Min. Initial Draw Amount
8.250% APR 8.250% Rate $0 Min. Initial Draw Amount
9.000% APR 9.000% Rate $0 Min. Initial Draw Amount
8.490% Intro APR
11.375% After Intro PeriodIntro Period: 6 months		 11.375% Rate $0 Min. Initial Draw Amount
8.750% APR 8.750% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
7.750% After Intro PeriodIntro Period: 6 months		 7.750% Rate $0 Min. Initial Draw Amount
4.990% Intro APR
7.250% After Intro PeriodIntro Period: 6 months		 7.250% Rate $0 Min. Initial Draw Amount
8.250% APR 8.250% Rate $0 Min. Initial Draw Amount
5.740% Intro APR
8.500% After Intro PeriodIntro Period: 12 months		 8.500% Rate $5,000 Min. Initial Draw Amount
7.750% APR 7.750% Rate $10,000 Min. Initial Draw Amount
6.490% Intro APR
9.000% After Intro PeriodIntro Period: 6 months		 9.000% Rate $100,000 Min. Initial Draw Amount
7.750% APR 7.750% Rate $0 Min. Initial Draw Amount
4.990% Intro APR
8.000% After Intro PeriodIntro Period: 12 months		 8.000% Rate $0 Min. Initial Draw Amount
5.115% Intro APR
8.000% After Intro PeriodIntro Period: 6 months		 8.000% Rate $0 Min. Initial Draw Amount
9.250% APR 9.250% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
8.750% After Intro PeriodIntro Period: 6 months		 8.750% Rate $0 Min. Initial Draw Amount
7.750% APR 7.750% Rate $0 Min. Initial Draw Amount
6.250% Intro APR
8.900% After Intro PeriodIntro Period: 6 months		 8.900% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
8.750% After Intro PeriodIntro Period: 12 months		 8.750% Rate $0 Min. Initial Draw Amount
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 and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

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If on a desktop you can click the Rate column to sort for the best rates. On far left you can switch to a Home Equity Loan for a fixed rate.

HELOC Explained

A Home Equity Line of Credit (HELOC) is a type of loan that allows homeowners to borrow money against the equity they've built up in their homes. Here's a breakdown of how it works:

Establishing Equity: Equity refers to the value of your home that exceeds any outstanding mortgage balances. For instance, if your home is valued at $400,000 and your mortgage balance is $200,000, you have $200,000 in equity.

Credit Line: Once you have equity in your home, you can apply for a HELOC through a lender. If approved, the lender will set a maximum credit line based on a percentage of your home’s appraised value, subtracting the balance owed on the existing mortgage. The percentage is often around 85%, but can vary by lender, your credit score, and other factors.

Draw Period: A HELOC has a draw period, typically 5 to 10 years, where you can borrow against your line of credit. During this period, you'll often make interest-only payments on the money you've borrowed. You can use as much or as little of the credit line as you like, similar to a credit card.

Repayment Period: After the draw period ends, the repayment period begins. This is often 10 to 20 years, during which you can no longer draw on the credit line and must pay back any outstanding balance plus interest. This period usually involves fixed payments that include both the principal and the interest.

Interest Rates: Interest rates for a HELOC are typically variable, meaning they can fluctuate over time. These rates are often based on a publicly available index (like the U.S. prime rate) plus the lender’s margin.

Uses of HELOC: The borrowed funds can be used for many purposes such as home improvements, education costs, debt consolidation, or other major expenses. But it's crucial to remember that failure to repay the loan can result in the loss of your home, since it serves as the collateral for the loan.

In summary, a HELOC is a flexible, reusable line of credit that can be a valuable tool for homeowners who have accumulated a significant amount of equity in their homes and who can responsibly manage the loan.


Navigating Home Equity Lines of Credit (HELOC) in California: What Homeowners Should Know

Introduction:
California's real estate market is renowned for its robust growth, making it a tempting proposition for homeowners looking to tap into their property's equity through a Home Equity Line of Credit (HELOC). In this article, we'll explore the advantages and disadvantages of HELOCs in the California context and our chart above provides you with current HELOC rates to help you make an informed decision.
Advantages of HELOC in California:

Equity Growth:
California's real estate market has a history of significant appreciation, offering homeowners the potential for rapid equity growth. A HELOC can provide access to this increased equity for various financial needs.


Home Improvements:
With the high cost of living in California, home renovations can be an excellent investment. A HELOC is an attractive option for financing these projects, potentially increasing your home's value even further.

Education Expenses:<

California is home to prestigious educational institutions. HELOCs can help finance higher education expenses for yourself or your children, offering competitive interest rates.

Tax Benefits:

In California, the interest paid on a HELOC may be tax-deductible when used for qualified purposes, such as home improvements. Consult a tax professional for personalized guidance.

Emergency Funds:

Given the state's susceptibility to natural disasters, such as earthquakes and wildfires, a HELOC can serve as a valuable resource for quick access to funds during emergencies, for repairs or temporary housing.
Disadvantages of HELOC in California:

Variable Interest Rates:

HELOCs usually come with variable interest rates. In California, where the cost of living is high, fluctuating interest rates can affect your monthly payments and budget.

Risk of Losing Your Home:

Similar to anywhere else, a HELOC in California uses your home as collateral. Failure to make payments could lead to foreclosure, a particularly concerning prospect given California's high property values.

Temptation to Overspend:

California's dynamic lifestyle and opportunities can tempt homeowners to overspend or accumulate unnecessary debt. Responsible borrowing and financial discipline are essential.

Market Volatility:

While California's real estate market has historically seen appreciation, it can also experience fluctuations. A decline in property values could reduce your available credit or result in negative equity.

Closing Costs and Fees:

Although HELOCs typically have lower upfront costs than some other loans, California homeowners should be aware of any closing costs and fees involved, as these can vary among lenders.


HELOC Rates in California:
Current Heloc rates depend on various factors, including your credit score, the lender, and your loan-to-value ratio. It's essential to shop around and compare offers from multiple lenders to secure the most favorable rate for your specific situation. Additionally, keep in mind that these rates can change over time, so staying informed is crucial.


Conclusion:
California homeowners considering a Home Equity Line of Credit should carefully assess their financial situation and objectives. HELOCs offer flexibility, lower interest rates, and potential tax benefits, making them an appealing option. However, it's essential to acknowledge the risks associated with adjustable interest rates and the possibility of losing your home, especially given California's unique real estate landscape. Borrowing responsibly, within your means, and with a clear plan for utilizing the funds is paramount. Consulting with a financial advisor or mortgage specialist familiar with California's market can provide tailored insights. Ultimately, whether a HELOC is the right choice for you depends on your financial goals and your ability to manage this form of borrowing effectively, taking into account the current HELOC rates and the specific opportunities and challenges of the California real estate environment.

Given the nuanced landscape of California's real estate and the specificities of Home Equity Lines of Credit (HELOCs), California homeowners should remain vigilant and proactive. It is advisable to continuously monitor changes in the market and regulatory environment that could affect the terms and viability of a HELOC. Engaging in regular consultations with financial advisors and staying updated with the latest financial trends and forecasts can help homeowners make informed decisions that align with their long-term financial health and real estate objectives.

To navigate the complexities of HELOCs in California effectively, homeowners should consider the potential impact of future economic shifts on interest rates and home equity values. Staying informed about local housing market trends and understanding the implications of your loan's terms are critical steps in leveraging a HELOC to your advantage. Moreover, establishing a clear repayment strategy before tapping into your home's equity can safeguard against financial strain in fluctuating market conditions. This proactive approach will not only optimize the benefits of a HELOC but also mitigate the risks associated with variable interest rates and the ever-changing real estate landscape in California.

If you find yourself facing financial difficulties, don't hesitate to reach out to your lender to discuss potential options, such as loan modifications or temporary payment deferrals, to help you navigate challenging times while protecting your home and credit.

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