The best in home equity

Third Federal’s home equity options span both lines of credit and loans, with the latter offering the flexibility of a fixed or adjustable rate. The bank’s APRs were some of the lowest of the home equity lenders assessed by Bankrate.

Discover specializes in home equity loans for borrowers in almost every state. The online lender’s APRs were some of the lowest of the home equity lenders assessed by Bankrate.

TD Bank provides both HELOCs and home equity loans, making it ideal for a range of borrowers financing small or more extensive home renovations. Both types of loans come with longer repayment terms, and the bank can disburse funds in less than three days.

A home equity line of credit from Bethpage Federal Credit Union — open to anyone establishing a $5 savings account — offers multiple ways to save on consolidating debt: an initial lower rate and interest-only payments for 10 years. Best of all? No fees, including no charge for a fixed-rate conversion.

PenFed Credit Union requires a credit score of at least 680 for a home equity line of credit, higher than what some other home equity lenders ask for. Still, the credit union offers some of the lowest APRs of the home equity lenders assessed by Bankrate, and it’s accessible to anyone willing to open a savings account.

Lower requires a credit score of at least 640 for a home equity line of credit, approximately the middle of the pack of the home equity lenders assessed by Bankrate. The lender permits well-qualified borrowers to tap up to 95 percent combined loan-to-value (CLTV), much more than what many other lenders allow.

Guaranteed Rate’s home equity line of credit functions more like a home equity loan, with a fixed rate and a credit score minimum of just 620. With a remote closing, the lender can disburse funds in as little as five days.