Kansas HELOC Rates and Lenders

You might have options to tackle a home improvement to-do list, make a large purchase without cash savings, and avoid using a credit card or personal loan. One of the best ways can be through a home equity line of credit (HELOC). As a second mortgage, a HELOC allows you to use your home’s equity. 

HELOCs have a revolving credit line, similar to a credit card. With many HELOCs, you can borrow as much as you need when you need it. You’ll find out about some of the best Kansas HELOCs available and what to consider before you apply in our guide below.

Best online HELOCs in Kansas 

The best online lenders, such as the ones we’ve listed below, can save you time by allowing you to apply from anywhere, receive nearly instant decisions, and access fast funds. They can also give you an easy way to compare rates and terms side by side in minutes. 

Figure

Best Overall

4.9 _/5

LendEDU Rating

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Why we picked it

Figure is an excellent choice for Kansas borrowers due to its innovative approach to lending and quick application process. Using blockchain technology, Figure provides a seamless and efficient online experience, making it easy for homeowners to apply for a HELOC and get fast funds. This can benefit Kansans who prefer handling their financial needs from the comfort of their own home. Figure’s competitive fixed rates and transparent fee structure are additional reasons it stands out in the Kansas HELOC market.

The company offers clear terms and conditions, ensuring borrowers understand their financial commitments. Moreover, Figure’s commitment to customer service and user-friendly platform makes it an appealing option for those seeking a straightforward HELOC process.

• Fixed interest rates
• No in-person appraisal is needed
• Option to redraw up to 100% of funds
• Funding can be available in as few as 5 days
• Check your rate without affecting your credit score

Loan details

Rates (APR)	6.55% – 15.54%
Loan amounts	$15,000 – $400,000
Draw period	5 years
Repayment term	5, 10, 15, or 30 years
Funding time	As few as 5 days
Properties	Primary home, second home, or investment property
Credit score	640

Aven

Best Customer Reviews

4.8 _/5

LendEDU Rating

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Why we picked it

Aven is a top choice for Kansas homeowners because of its customer-friendly approach and quick, digital application process. As home values in Kansas have gradually increased, Aven provides an excellent opportunity for homeowners to take advantage of their growing equity.

With competitive fixed interest rates and no in-person appraisal required, Aven makes it easy for Kansas residents to access their home’s equity without the traditional hurdles.

Aven’s approval process, which can be completed in as little as 15 minutes, is ideal for Kansas homeowners who need a fast, straightforward solution for home improvement projects, debt consolidation, or other financial needs.

The 5-year draw period, with the flexibility to redraw up to 100% of available funds, allows for ongoing access to funds, giving Kansas borrowers the freedom to manage both immediate and future expenses with ease.

• No in-person appraisal required
• Fast approval process
• Flexible 5-year draw period with the option to redraw up to 100% of available funds
• Competitive fixed interest rates provide predictable payments
• Optional debt protection program

Loan details

Rates (APR)	6.99% – 15.49%
Loan amounts	$5,000 – $400,000
Draw period	5 years
Repayment terms	5, 10, 15, or 30 years
Funding time	As little as 3 days after signing
Properties	All types
Credit score	640

Bethpage FCU

LendingTree

Best Marketplace

4.5 _/5

LendEDU Rating

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Why we picked it

LendingTree is a top choice for Kansas borrowers due to its comprehensive comparison platform that allows users to explore multiple HELOC offers in one place. This service is useful for those who want to ensure they get the best possible rate and terms for their HELOC. By comparing different lenders, Kansas homeowners can more easily make informed decisions.

The platform’s ease of use and extensive network of lenders make it an ideal option for those in Kansas. LendingTree’s ability to provide personalized loan options based on the borrower’s specific financial situation helps ensure that users find the most suitable HELOC product. This makes the refinancing or accessing equity process much simpler and more efficient.

• Compare prequalified offers from multiple lenders
• See results for home equity loans and HELOCs
• No costs
• Doesn’t affect your credit score

Loan details

Rates (APR)	Starting at 6.24%
Loan amounts	$10,000 – $2 million
Draw period	2 – 20 years
Repayment term	5 – 30 years
Funding time	Varies
Properties	Varies
Credit score	Varies, 620 advisable

Local HELOCs in Kansas

Local lenders, such as the popular options listed below, offer advantages online lenders may not, including one-on-one customer service. Interacting with a real person may help you get quick answers, special benefits, and the support you need. 

Company	Rates (APR)*	Locations
CommunityAmerica Credit Union	6.49% for 1 year, then 7.99%	Multiple (Northeast Kansas)
BOK Financial	8.62%	Overland Park, Prairie Village, & Wichita
Commerce Bank	2.99% for 6 months, then 9.50% – 11.00%	Statewide
UMB Bank	6.99% for 1 year, then 8.99% – 11.75%	Multiple (Central & Eastern Kansas)

Each local lender bases its variable rates on the prime rate––the current rate banks offer their best customers––plus a margin. This is a common practice of financial institutions across the U.S.

If you’re considering applying for a Kansas HELOC with any of these lenders, pay close attention to:

• Introductory APRs
• Unique repayment options and member benefits
• The possibility of accessing more than 80% of your home equity

Commerce Bank boasts a stellar introductory rate during the first six months of its HELOCs, which may be an excellent feature to take advantage of if you’d like to borrow a more modest amount and pay it off sooner. 

CommunityAmerica and BOK offer a unique option to its borrowers: You can get a fixed rate for a portion of your loan––a huge plus because most HELOCs come with variable interest rates. CommunityAmerica also allows you to borrow up to 100% of your home’s value.

Fees can add up when borrowing is involved. UMB will waive its origination fees for borrowers who open a checking account. Consider this incentive if you don’t mind switching where you bank.

Beyond getting the best rate for your HELOC, the lender’s location and how convenient borrowing may be––depending on whether you’d earn borrower discounts or other benefits for doing so––will help you decide on the best option.

What’s the difference between online and local HELOCs in Kansas?

Choosing between online and local Kansas HELOC lenders will depend on your financial situation, home project logistics, and how much you value convenience and unique perks.

Online lenders offer competitive rates, almost instant decisions, and easy rate comparisons from the comfort of your own home. 

The above local lenders may allow you to access more of your home equity and offer unique benefits you might not find elsewhere.

Consider beginning your search with local lenders if your main concerns are: 

• Personal service 
• Getting service at a physical branch when needed
• Nontraditional borrower options, such as access to a higher amount of your home equity
• Competitive introductory rates

However, you may want to consider an online lender we reviewed above if you prefer: 

• User-friendliness
• Fast funding
• Quick comparison shopping

How do Kansas HELOC rates compare to other states?

In July 2024, the national average HELOC rate was around 10.04%. Several lenders nationwide base their rates on the prime rate—currently 8.50%—and a margin they determine. 

Many of the lenders in Kansas, including some we’ve shared, base theirs on the prime rate plus at least a 1.00% margin. So, living in Kansas won’t affect HELOC rates much for creditworthy borrowers with sufficient home equity—often 15% to 20%. 

Kansas HELOC rate averages don’t deviate much from the national average. However, you may be able to qualify for rates better than or similar to the national average––more on that below.

Do your best to maintain a healthy credit history. This will help you pay less interest over the life of your loan, saving you time and money. But don’t borrow before you’ve weighed all your options. 

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Does Your State Affect HELOC Rates? 

How to get the best HELOC rates in Kansas 

Whether you’re eligible for a HELOC in Kansas depends on your home equity, credit score, and debt-to-income ratio (DTI)––the amount of debt payments you have each month divided by your monthly gross income. 

The lower your credit score or the higher your DTI ratio, the riskier you become to a lender because you may be less likely to repay the loan. 

To give yourself the best chance at a reasonable rate, you should focus on reaching and achieving a FICO credit score of at least 740, limiting your debt compared to your income, and increasing the equity in your home by making extra or above-minimum mortgage payments if you can. 

But don’t forget to shop around. Taking a few to compare offers can help you find the best HELOC rates and terms based on these important factors. Start by checking rates online and visiting local lenders. When comparing your options, pay close attention to the following:

• Rates: Don’t just look at the lender’s introductory rates. Find out what you’d pay afterward. The intro period is short compared to the rest of the loan term.
• Fees and terms: Read the fine print, and make sure you understand what other costs may be involved, such as application or appraisal fees.
• Reputation: Once you find a lender you may want to apply to, look up customer reviews online. It can take a couple of minutes to determine whether a lender is legitimate.

Are there any Kansas-specific requirements or regulations?

HELOC requirements and regulations are generally similar across the states. Before applying for a HELOC in Kansas, remember that you have a right to clear disclosures. 

Most lenders require homeowners insurance, among other criteria, before approving your HELOC. Be prepared to inform it of significant changes that may affect your home’s value and the terms of your HELOC.

Before signing a HELOC or any loan agreement, gather all the necessary information to give you peace of mind and empower you to make decisions that will bring you closer to your financial and personal goals. 

Remember, cash is king. Whether through HELOCs or another avenue, borrowing is a risk. So, if your project can wait, consider pushing it to a later date and save up for it over time.

FAQ

What credit score do you need for a Kansas HELOC?

Most lenders in Kansas require a minimum credit score of 620 to qualify for a HELOC. However, to secure the best interest rates and terms, a higher credit score—above 700—is better. Lenders may have different requirements, so it’s important to check with the specific lender for its criteria.

What are the typical fees for a Kansas HELOC?

The typical fees for a Kansas HELOC can include an application fee ranging from $0 to $500, an origination fee of 0.5% to 1% of the credit limit, and an appraisal fee of $300 to $500. You might also pay an annual fee of $50 to $100 and an early termination fee if you close the HELOC within the first few years. These fees vary by lender, so it’s important to compare lenders to understand the total cost.

Are there any special programs or incentives for Kansas HELOCs?

Yes, some lenders in Kansas offer special programs or incentives for HELOCs, such as lower introductory rates for the initial six to 12 months, discounts for setting up automatic payments, loyalty discounts for current customers, and no closing costs under certain conditions. It’s best to inquire with lenders about any available promotions or special programs.

What happens if I move to another state with a HELOC in Kansas?

If you move to another state with a HELOC in Kansas, your HELOC terms generally remain the same. You are still responsible for repaying the HELOC according to the original terms, and if you rent out or sell the Kansas property, you may need to pay the HELOC in full. Always notify your lender about your move and discuss any potential implications to ensure compliance with the terms of your HELOC.

How we picked the best Kansas HELOCs

Since 2018, LendEDU has evaluated home equity companies to help readers find the best home equity loans and HELOCs. Our latest analysis reviewed 850 data points from 34 lenders and financial institutions, with 25 data points collected from each. This information is gathered from company websites, online applications, public disclosures, customer reviews, and direct communication with company representatives.

These star ratings help us determine which companies are best for different situations. We don’t believe two companies can be the best for the same purpose, so we only show each best-for designation once.

Recap of Kansas HELOC rates and lenders