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Home Equity HELOCs

Oklahoma HELOC Rates and Lenders

Finding the best HELOC rates in Oklahoma means you’ll pay less interest on your loan and save more money over time. The LendEDU team has found that Figure, Bethpage, and LendingTree are three of the best online lenders for Oklahoma HELOCs. We’ll also share several local lenders so you can compare options. 

Below, we’ll explore current Oklahoma HELOC rates and the factors that affect them. We’ll also provide tips to help you find the most competitive offers. Keep reading to learn how to make the most of your home equity and save money in the process.

Best for…
Rating (0-5)
Best overall
Best for large HELOCs
Best marketplace

Reviews of the best online HELOCs in Oklahoma

Going with an online Oklahoma HELOC lender versus a local one offers several benefits. You can compare rates and terms from multiple providers without leaving your home. These online lenders often have faster application times, and you may have an easier time getting approved with less-than-perfect credit. 


Best overall

4.9 /5
LendEDU Rating

Why we picked it

Figure stands out as the best option for HELOCs in Oklahoma due to its innovative online platform, which simplifies the application process. With competitive interest rates and quick access to funds, Figure offers a streamlined experience that’s perfect for homeowners looking for convenience and efficiency.

  • 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 period5 years
Repayment term5, 10, 15, or 30 years
Funding timeAs few as 5 days
PropertiesPrimary and secondary homes
Credit score640


Best for large HELOCs

4.7 /5
LendEDU Rating

Why we picked it

Bethpage is ideal for Oklahomans seeking a large HELOC thanks to its generous loan limits and flexible terms. As a reputable credit union, Bethpage provides personalized customer service and competitive rates, making it a top choice for those with significant equity in their homes.

  • Borrow $10,000 – $1 million
  • No application, origination, or appraisal fees
  • Convert part of your HELOC to a fixed-rate option
  • 12-month fixed introductory rate for qualified borrowers
  • $0 closing costs
Loan details
Rates (APR)6.99% for 12 months, then variable
Loan amounts$10,000 – $1 million
Draw period10 years
Repayment term5, 10, or 20 years
Funding time39 days, on average
PropertiesPrimary homes
Credit score670


Best marketplace

4.5 /5
LendEDU Rating

Why we picked it

LendingTree is the best marketplace for HELOCs in Oklahoma due to its extensive network of lenders. This platform allows homeowners to compare multiple offers and empowers borrowers to find the best rates and terms tailored to their specific financial needs.

  • Access to a wide network of lenders
  • Ability to compare multiple offers
  • Competitive interest rates
  • Easy online application process
  • Personalized loan offers based on credit profile
Loan details
Rates (APR)Starting at 6.24%
Loan amounts$10,000 – $2 million
Draw period2 – 20 years
Repayment term5 – 30 years
Funding timeVaries
PropertiesVary by lender
Credit score620

Local HELOCs in Oklahoma

Online lenders tend to focus on speed and convenience, but local Oklahoma lenders have stronger ties to your community and may better understand the local market. 

CompanyRates (APR)Location
Bank of Oklahoma8.62% – 18.00%Oklahoma City
Tinker Federal Credit Union7.45% – 12.95%Oklahoma City
WEOKIE Federal Credit Union7.25% – 18.00% (fixed) Oklahoma City
Oklahoma’s Credit Union8.50% – 18.00%Oklahoma City

Many of the best local Oklahoma HELOC lenders are credit unions. One major benefit of choosing a credit union is that they’re subject to National Credit Union Administration (NCUA) regulations, which cap the maximum interest rate for loans at 18%. Some non-credit-union lenders have higher maximum rates.

Some local HELOC lenders, such as WEOKIE FCU, offer fixed-rate HELOCs for borrowers who want to avoid a variable-rate loan. Many credit unions also give back to their local communities through various initiatives and programs.

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

As you shop for a HELOC in Oklahoma, you can choose between an online or local lender. Neither is better than the other—it all boils down to personal preference. So what’s the difference? 

Online lenders, such as Figure, Bethpage, and LendingTree, prioritize convenience and speed. Figure prides itself on lightning-fast online applications, Bethpage is ideal for large HELOCs up to $2 million, and LendingTree allows you to compare offers from many lenders all at once.

Local Oklahoma HELOC lenders, including Bank of Oklahoma, Tinker FCU, WEOKIE FCU, and Oklahoma’s Credit Union, are in your community. They have a strong understanding of the local market. And if your lender is from a credit union, you’ll also find competitive rates capped at 18% (due to NCUA regulations). 

How do Oklahoma HELOC rates compare to other states?

Oklahoma HELOC rates are generally in line with the national average. As of June 2024, the national average HELOC rate is 9.18%. In Oklahoma, rates range from 7.25% to 18.00%, which are consistent with what you’ll find across the country.


HELOC rates are primarily influenced by the federal funds rate or prime rate, not your specific location. So, regardless of what state you live in, you can expect interest rates to be similar.

Living in Oklahoma may affect your HELOC due to the state’s lower-than-average home values. According to Zillow’s Housing Report, the average Oklahoma home value is $207,178, compared to the national average of $360,681.

This means homeowners may have less equity in terms of dollar amounts compared to those in states with higher home values. This could limit the amount you can borrow through a HELOC. Compare HELOC rates in other states to see how Oklahoma stacks up.

How to get the best HELOC rates in Oklahoma

Your individual financial situation plays the biggest role in determining your HELOC rates. You can get the lowest rates by exceeding lender eligibility requirements and shopping around. 

Focus on these factors if you can: 

  • Improve your financial situation. Aim for a credit score of 780 or higher to secure the most competitive rates (620 is often the minimum score). Also, keep your debt-to-income ratio (DTI) below 43%, maintain a steady job, and have at least 15% to 20% equity in your home.
  • Prequalify with at least three lenders. You won’t know whether you’ve found the best loan unless you have offers to compare side-by-side. Get quotes from three to five lenders, and compare rates and terms to find the right one for your situation.
  • Use a HELOC marketplace to speed up the process. If you’re pressed for time, consider using an online HELOC marketplace, such as LendingTree. You can submit one short prequalification form to view offers from multiple lenders at once. 

Are there any Oklahoma-specific requirements or regulations?

Oklahoma does not have any state-specific requirements or regulations that have a significant impact on HELOC rates or terms. However, these are general laws and regulations to be aware of:

  • You have a three-day right of rescission, which allows you to cancel the HELOC agreement within three business days of closing without penalty.
  • The Oklahoma Truth in Lending Rules (Title 160, Chapter 45) require lenders to provide certain disclosures and limit fees for loans with rates above specified amounts. 
  • Lenders may require you to maintain home insurance coverage on the property securing your HELOC. You should inform your lender if you make any major changes that could affect your home’s value or insurability.
  • Any advertisements for HELOCs must clearly disclose certain information, including loan fees, APRs, and potential balloon payments. Advertisements can’t refer to HELOCs as “free money” or use other misleading terms.

Thinking of applying for a HELOC in Oklahoma? Before you sign any paperwork, read the terms and conditions, know your rights and responsibilities as a borrower, and get offers from several lenders to find the best one for your specific needs.


What credit score do you need for an Oklahoma HELOC?

Most lenders in Oklahoma require a minimum credit score of 680 to qualify for a HELOC. However, higher credit scores can mean better interest rates and terms. Some lenders might approve HELOCs for credit scores as low as 620, but these often come with higher rates.

What are the typical fees for an Oklahoma HELOC?

Typical fees for a HELOC in Oklahoma can include:

  • Application fee: $0 – $500
  • Appraisal fee: $300 – $700
  • Annual fee: $50 – $75
  • Closing costs: 2% – 5% of the total loan amount
  • Early closure fee: If you close the HELOC within a few years, your lender might assess a fee of 1% to 2% of the credit line

Are there any special programs or incentives for Oklahoma HELOCs?

Some lenders in Oklahoma may offer special programs or incentives, such as discounted rates for current customers, no closing costs, or reduced fees for HELOCs with larger credit limits. Inquire with lenders about their current promotions or incentives.

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

If you move to another state with a HELOC in Oklahoma, the loan remains tied to your property in Oklahoma. You are still responsible for making the payments according to the terms of your agreement. If you sell your home, the HELOC must typically be paid off from the proceeds of the sale. Some lenders may allow you to transfer the HELOC to a new property, but this varies by lender and is not guaranteed.

How we chose the best HELOCs in Oklahoma

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 Oklahoma HELOC rates and lenders

Best for…
Rating (0-5)
Best overall
Best for large HELOCs
Best marketplace