HELOC Rates New YorkBest NY Home Equity Line of Credit Rates

Compare home equity line of credit (HELOC) rates in New York

(Last Updated: 07/12/2025)
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
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]
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
2.990% Intro APR
7.750% After Intro PeriodIntro Period: 6 months		 7.750% Rate $10,000 Min. Initial Draw Amount
5.990% Intro APR
9.140% After Intro PeriodIntro Period: 6 months		 9.140% Rate $0 Min. Initial Draw Amount
7.250% APR 7.250% Rate $0 Min. Initial Draw Amount
9.250% APR 9.250% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
8.500% After Intro PeriodIntro Period: 12 months		 8.500% Rate $25,000 Min. Initial Draw Amount
4.500% Intro APR
7.750% After Intro PeriodIntro Period: 6 months		 7.750% Rate $0 Min. Initial Draw Amount
9.750% APR 9.750% Rate $0 Min. Initial Draw Amount
3.990% Intro APR
8.000% After Intro PeriodIntro Period: 12 months		 8.000% Rate $0 Min. Initial Draw Amount
7.500% APR 7.500% Rate $25,000 Min. Initial Draw Amount
1.990% Intro APR
8.250% After Intro PeriodIntro Period: 6 months		 8.250% Rate $10,000 Min. Initial Draw Amount
8.390% APR 8.390% Rate $0 Min. Initial Draw Amount
5.740% Intro APR
7.750% After Intro PeriodIntro Period: 12 months		 7.750% Rate $30,000 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
8.000% APR 8.000% Rate $0 Min. Initial Draw Amount
5.000% Intro APR
7.500% After Intro PeriodIntro Period: 6 months		 7.500% Rate $50,000 Min. Initial Draw Amount
5.990% Intro APR
7.750% After Intro PeriodIntro Period: 12 months		 7.750% Rate $0 Min. Initial Draw Amount
7.500% APR 7.500% Rate $0 Min. Initial Draw Amount
2.750% Intro APR
7.250% After Intro PeriodIntro Period: 6 months		 7.250% Rate $0 Min. Initial Draw Amount
7.750% APR 7.750% Rate $0 Min. Initial Draw Amount
7.250% APR 7.250% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
7.750% After Intro PeriodIntro Period: 12 months		 7.750% Rate $0 Min. Initial Draw Amount
5.500% Intro APR
7.750% After Intro PeriodIntro Period: 12 months		 7.750% Rate $0 Min. Initial Draw Amount
6.490% Intro APR
9.320% After Intro PeriodIntro Period: 6 months		 9.320% Rate $100,000 Min. Initial Draw Amount
5.490% Intro APR
7.875% After Intro PeriodIntro Period: 12 months		 7.875% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
8.000% After Intro PeriodIntro Period: 9 months		 8.000% Rate $0 Min. Initial Draw Amount
5.990% Intro APR
7.750% After Intro PeriodIntro Period: 36 months		 7.750% Rate $0 Min. Initial Draw Amount
4.990% Intro APR
7.750% After Intro PeriodIntro Period: 12 months		 7.750% Rate $0 Min. Initial Draw Amount
7.750% APR 7.750% Rate $5,000 Min. Initial Draw Amount
8.250% APR 8.250% 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.

Finding a Home Equity Line of Credit Lender in New York State

When seeking a reputable home equity line of credit (HELOC) lender in New York State, conducting thorough research is key. Begin by exploring local banks and credit unions, known for their competitive rates and personalized service.

Major national banks also have a presence in New York and can offer a variety of HELOC options. Utilize online comparison tools to evaluate different lenders based on interest rates, fees, and customer reviews.

Consulting with a financial advisor or real estate expert familiar with the New York market can provide tailored advice, ensuring your financial needs and goals are met. The ideal lender should offer attractive rates, clear terms, and reliable customer support.

Navigating the diverse landscape of HELOC lenders in New York State requires a balanced approach, focusing on both local and national financial institutions. Prioritizing lenders that combine competitive rates with robust customer service can significantly enhance your borrowing experience.

Additionally, leveraging the expertise of financial or real estate professionals can guide you towards making an informed choice, tailored to the unique dynamics of New York's real estate market. Opt for a lender that not only meets your current financial needs but also aligns with your long-term financial strategy, ensuring a partnership that supports your financial well-being.

Moreover, it's wise to inquire about any additional benefits or features offered by lenders, such as flexible repayment options or the ability to lock in a fixed interest rate on a portion of your HELOC. Understanding the application process and any potential for closing costs or other fees upfront can also prevent any surprises down the line. In New York State, where the housing market can vary greatly from one region to another, selecting a lender with local expertise and a strong track record can provide added reassurance. Remember, the right HELOC lender will not only offer competitive terms but will also be a partner in achieving your financial goals, whether you're consolidating debt, making home improvements, or financing other significant expenditures.

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