A home equity line of credit, or HELOC, allows Pennsylvania homeowners to borrow against the equity in their home at an interest rate that’s often lower than credit cards.
We’ve analyzed a variety of lenders, including online, national, and local institutions, to pinpoint which ones have the top HELOCs in Pennsylvania.
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Lenders with the best HELOC rates in PA
Pennsylvania homeowners have several excellent choices for a HELOC—but it’s worth noting that many of the most competitive rates today come from online lenders that operate across multiple states, including Pennsylvania.
These lenders often have lower overhead than traditional banks and credit unions, which can translate into lower rates, faster approvals, and fully digital applications. While local lenders can still be a strong option—especially if you value in-person service—online lenders tend to lead when it comes to rate competitiveness and convenience.
We’ve reviewed a mix of lenders below, but many of the standout options with the best rates are national or online providers that serve borrowers in PA and beyond.
Figure
Why we picked it
Figure is our top pick for a HELOC due to its blend of competitive fixed rates, quick funding, and flexible terms.
Advanced technologies such as blockchain and AI ensure a fast and efficient approval process, with funds available in as few as five days. This makes Figure ideal for borrowers seeking quick and reliable access to home equity without the traditional banking hassle.
- 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 | $20,000 – $750,000 |
| Draw period | 2 – 5 years |
| Repayment term | 10, 15, 20 or 30 years |
| Funding time | As few as 5 days |
| Properties | Primary home, second home, or investment property |
| Minimum credit score | 640 |
Figure Disclosures
- The Figure Fixed Rate 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.
- Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary, and where loan amounts are under $400,000 which would not require an appraisal. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing, or that require a waiting period prior to closing, or where loan amounts exceed $400,000.
- To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
- A Figure HELOC is secured with your home as collateral, whereas personal loans and credit cards are not.
- Our loan amounts range from a minimum of $15,000 to a maximum of $750,000. For properties located in AK, the minimum loan amount is $25,001 and for properties located in TX, the minimum loan amount is $35,000. Your maximum loan amount may be lower than $750,000, and will ultimately depend on your home value, lien position, credit profile, verified income amount, and equity available at the time of application. We determine home value and resulting equity through independent data sources and automated valuation models or appraisal. Loan amounts above $400,000 are subject to appraisal.
- Available initial APRs range from 6.65% to 15.25%, 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 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 ten year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Your actual rate will depend on many factors such as your credit, combined loan-to-value ratio, loan term, occupancy status, and whether you are eligible for and choose to pay a higher origination fee in exchange for a lower rate. Rates change frequently so your exact APR will depend on the date you apply. Additionally, for the variable rate HELOC, the APR is based on an interest rate index and the credit agreement margin, and an increase or decrease of the index value will cause a corresponding increase or decrease in the variable APR after account opening subject to a rate floor and rate cap, and your monthly payments may increase or decrease as the APR changes. 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), or an appraisal if your loan amount exceeds $400,000 ($500-$2,000, depending on property type, property value, and state), manual notarization if your county doesn’t permit eNotary ($350), 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.
- You should consult a tax advisor regarding the deductibility of interest and charges to your Figure Home Equity Line.
- The Figure Variable Rate 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 the selected rate at application 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 initial draw, plus a stated margin; however, the rate and payment will adjust monthly based on the market and the fluctuation of the Index subject to a Rate Cap and Rate Floor. 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. The index can change at any time and the unpaid balance of all draws are subject to the monthly variable rate. Accordingly, variable rates are based on the market and may change after account opening. This product is not available in: MA, VA, MS, IL, WI, VT, DC, OK, TX, NY, CO, WY, WV, SC.
Aven
Why we picked it
Customers praise Aven’s HELOC for its easy-to-understand terms and excellent customer service. It’s ideal for homeowners who want a transparent borrowing experience with ongoing support. Aven’s focus on customer satisfaction is reflected in its positive reviews, making it a strong option for anyone looking to tap home equity without hassle.
- Lowest rate guarantee
- Optional foreclosure protection program
- Approval in as little as 15 minutes
- Excellent Trustpilot reviews from thousands of customers
- 100% digital application process
- Increases credit line for select customers
- Automated appraisals
- High maximum loan-to-value ratio (LTV)
- Fast funding after signing
- Fixed interest rates from start to finish
- Check your rate with no credit impact
- Short draw period
- First-draw fee of 4.90%
- Only available in 32 states*
Loan details
| Rates (APR) | 6.99% – 15.49% |
| Loan amounts | $5,000 – $400,000 ($100,000) |
| 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 |
FourLeaf FCU
Why we picked it
FourLeaf offers HELOCs with a low fixed introductory rate for creditworthy borrowers. This lender is an excellent option for homeowners needing lines of credit due to its lack of upfront fees and wide range of borrowing amounts. It provides the financial leverage required for home renovations or other major expenses.
FourLeaf’s commitment to customer service and flexible loan terms makes it an excellent choice for those looking to maximize their home equity. The straightforward application process and competitive rates further enhance its appeal, ensuring borrowers can access the necessary funds.
- Borrow $10,000 – $1 million
- No application, origination, or appraisal fees
- Convert some or all of your HELOC to a fixed-rate option
- 12-month fixed introductory rate for qualified borrowersⓘ
- $0 closing costs
Read our full FourLeaf HELOC review.
HELOC details
| Rates (APR) | 6.99% for 12 months, then variable starting at 6.75%ⓘ |
| Loan amounts | $10,000 – $1 million |
| Repayment terms | Up to 20 years |
| Funding time | 6 to 10 weeks on average |
| Properties | Primary homes, second homes, or condos |
| Credit score | 670 |
The best local HELOC lenders in Pennsylvania
While online lenders often lead on rates and speed, Pennsylvania-based banks and credit unions can still be worth a closer look—especially if you value local expertise and personalized service. Our research highlights some of the top local HELOC lenders serving PA homeowners.
| Lender | What to know |
| Belco Community Credit Union | Must live, work, worship, volunteer, or attend school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry, or York counties |
| Pennian Bank | Lock in variable for up to 5 installments at a time |
| InFirst Bank | 10 locations in Pennsylvania |
Ultimately, choosing between a national and local lender comes down to the customer service experience you’re looking for. What is important to you—being able to walk into a place of business and talk with somebody who knows the area well or working with a national lender in which customer care is likely limited to corporation rules and regulations that may make the experience feel less “home-like.” Of course, the interest rate, terms, and eligibility requirements are also important when choosing a HELOC lender.
Erin Kinkade, CFP®
What are typical home equity line of credit rates in PA?
Home equity line of credit (HELOC) rates in Pennsylvania generally align with national averages, since most lenders—especially online and national providers—set rates based on broader market conditions rather than location alone.
Most HELOCs come with variable interest rates, which are typically tied to the prime rate. As a result, rates can fluctuate over time as the broader interest rate environment changes.
At any given time, you’ll typically see a range of rates depending on borrower qualifications and lender offerings. Some lenders advertise lower starting rates or introductory offers, while others may provide fixed-rate options for part or all of the balance.
Because pricing is largely driven by market conditions and individual borrower profiles, HELOC rates in Pennsylvania can vary widely, but they tend to follow the same general trends seen across the U.S., rather than being specific to the state itself.
How to get the best home equity line of credit rates in PA
Following these steps will help you land the best HELOC rates in Pennsylvania.
- Make sure you meet the basic eligibility requirements. Lenders will require your primary residence to be in Pennsylvania, which must be owner-occupied. Your loan-to-value ratio, the amount of your mortgage compared to your home’s value, should be under 85%.
- Check your credit report. Generally, you’ll want a credit score of 700 or higher for the best rates. The higher your score, the lower your interest rate is likely to be. Check your credit reports for any errors and pay down credit card balances before applying.
- Shop around with multiple lenders to find the best rate. Compare offers from banks, credit unions, and online lenders. Look at the introductory and ongoing rates, as well as any fees. Ask about current promotions, too.
Once you’ve selected a lender, the approval process typically takes two to six weeks. You must provide documents verifying your income, assets, and property details. The lender may appraise your home as well.
If you don’t currently qualify for the best HELOC rates due to poor credit, I recommend waiting and working on your credit score if you can. If it is necessary, access emergency funds first, then potentially ask a family member or friend or crowdfund. Lastly, look for a personal loan for bad credit.
Erin-Kinkade-headshot.png, CFP®
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About our contributors
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Written by Cassidy Horton, MBACassidy Horton is a finance writer passionate about helping people find financial freedom. With an MBA and a bachelor's in public relations, her work has been published more than 1,000 times online.
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Edited by Amanda HankelAmanda Hankel is a managing editor at LendEDU. She has more than seven years of experience covering various finance-related topics and has worked for more than 15 years overall in writing, editing, and publishing.
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Reviewed by Erin Kinkade, CFP®Erin Kinkade, CFP®, ChFC®, works as a financial planner at AAFMAA Wealth Management & Trust. Erin prepares comprehensive financial plans for military veterans and their families.