HELOC terms at major lenders

Name: HELOC terms at major US lenders, October 2026
Creator: Home Equity Calcs

Published HELOC terms at 16 US lenders, taken from each lender's own website on October 6-7, 2026, with a source link for every value.

Last reviewed October 7, 2026. Lenders are listed alphabetically. Download the data (CSV).

Key numbers

Maximum CLTV

8 of the 16 lenders publish a maximum combined loan-to-value ratio (CLTV), the share of the home's value that the mortgage and the HELOC together may reach. The highest caps they publish run from 80% (Chase and KeyBank) to 90% (Spring EQ); the other 8 do not publish a general cap.

Minimum credit score

5 of the 16 lenders publish a minimum credit score, from 640 (Spring EQ) to 680 (Chase and Citizens). The other 11 do not publish one.

Smallest line

12 of the 16 lenders publish a minimum line amount, from $10,000 (Fifth Third Bank, KeyBank, Navy Federal Credit Union and Regions Bank) to $50,000 (Spring EQ).

Draw and repayment periods

13 of the 16 lenders publish the draw period, the years in which you can borrow from the line: 11 use 10 years, the others are Chase (3 years) and Navy Federal Credit Union (20 years). 12 publish the repayment period: 10 use 20 years, the others are Citizens (15 years) and PNC Bank (up to 30 years).

Annual fees

10 of the 16 lenders charge an annual fee. The standard fee runs from $50 (Citizens, TD Bank and Truist) to $99 (PenFed Credit Union) a year; Spring EQ does not publish the amount. 8 of them waive or limit it in some cases: the first year, Texas or other states, small lines, or with the lender's own accounts. Bank of America and Navy Federal Credit Union say they charge none, and 4 do not publish an annual fee.

Closing the line early

7 of the 16 lenders charge you for closing the line early: 3 charge a fee (Bank of America, TD Bank and U.S. Bank) and 4 can take back the closing costs they paid for you (BMO, PNC Bank, Regions Bank and Truist). This applies if the line is closed within 24 to 36 months of opening. The other 9 do not publish such a charge.

Introductory rates

5 of the 16 lenders publish an introductory rate, lasting 6 to 9 months: Bank of America, BMO, Fifth Third Bank, PNC Bank and Truist. 4 of these offers have application deadlines, listed in the table. Regions Bank mentions a promotional rate without stating its terms.

Counts leave out values we marked inferred or conflicting. To turn a CLTV cap into a dollar limit for your own home, use the HELOC calculator.

HELOC terms by lender

Each superscript number links to the lender page the value comes from; hover over it to see the exact sentence. "Not published" means we did not find the term on the pages we saved. This page has no sponsored offers or affiliate links. CSV with every value and quote.

Scroll the table sideways to see all columns.

Published HELOC terms at 16 US lenders, October 2026
Lender	Max CLTV	Min. credit score	Line amount	Draw / repayment	Annual fee	Early closure fee	Closing costs	Intro rate	States not offered
Bank of AmericaSources	85% (generally)¹ Exceptions: Texas homestead: max CLTV typically 80%, minimum advance $4,000, no early closure fee²	660¹	Min: $25,000 generally; $15,000 in certain locations² Max: $1,000,000 generally; $500,000 in certain locations²	Draw: 10 years² Repay: 20 years²	$0¹	$450 if closed within 36 months; not charged on lines under $25,000, in Maryland, or on Texas homesteads²	Bank pays all closing costs on lines up to and including $1,000,000²	6-month variable intro APR = WSJ Prime minus a discount; applications 9/1/2026-12/31/2026; varies by property state; no other discounts during intro (rate figure not shown in the page source)^2,1	None: all 50 states and DC²
BMOSources	not published	not published	Min: not published Max: not published	Draw: 10 years¹ Repay: 20 years¹	$75 per year through the ninth anniversary; waiver may be available by relationship balances¹	Closing cost recoupment fee may be charged if closed within 36 months¹	BMO pays closing costs on 1-4 family primary residences; above $500,000 borrower pays taxes and title fees in listed states¹	As low as 5.49% APR (Prime 7.00% on 09/17/2026 minus 1.51%) for 6 months; applications 8/3/2026-11/2/2026; no discounts during intro¹	Texas (no home equity products). Outside AZ, CA, CO, FL, ID, IL, IN, IA, KS, MN, MO, NE, NV, NM, ND, OK, OR, SD, UT, WA, WI, WY and El Paso County TX, the borrower must be an existing BMO client for at least 6 months¹
ChaseSources	80%¹	680^2,1	Min: $35,000 (or state requirement)¹ Max: $400,000¹	Draw: 3 years (additional draws allowed for 3 years after closing)¹ Repay: 20 years of amortizing payments, after a 10-year interest-only period (30-year term)¹	not published	not published	Origination fee up to 4.99% of the credit limit, financed into the line; title insurance and appraisal may be required; mortgage recording tax in AL, FL, GA, MD, MN, NY, OK, TN, VA²	not published	Texas sources conflict^1,3,2
CitizensSources	85% (labeled 'Max Loan to Value'; shown in the Rhode Island default rate box) varies by location¹	680 (shown in the Rhode Island default rate box) varies by location¹	Min: $17,500² Max: $2,000,000 (Rhode Island default rate box) varies by location¹	Draw: 10 years² Repay: 15 years²	$0 first year, then $50/year during the draw period; waived with Citizens Private Client, Private Bank or Quest Checking²	not published	$0 to open: no application, origination or closing fees¹	not published	Offered only in AL, AR, CT, DC, DE, FL, GA, IA, IL, IN, KY, MA, MD, ME, MI, MN, NC, NE, NH, NJ, NY, OH, OK, PA, RI, SC, SD, TN, VA, VT; all other states not offered²
Fifth Third BankSources	not published	not published	Min: $10,000¹ Max: $500,000¹	Draw: 10 years¹ Repay: 20 years¹	$65, waived for the first year; none in Texas¹	not published	No closing costs¹	4.99% intro APR for 6 months, then variable 7.00%-15.65% APR (range from disclosure dated 12/10/2025)¹	not published
FigureSources	not published	not published	Min: $15,000 (AK and TX minimums differ; not shown in the page source)¹ Max: not published	Draw: not published Repay: not published	not published	No prepayment penalty (closure fee not addressed) inferred¹	One-time origination fee (amount not shown in the page source)¹	not published	Variable-rate line not available in MA, VA, MS, IL, WI, VT, DC, OK, TX, NY, CO, WY, WV, SC¹
Huntington BankSources	89.99%¹ Exceptions: Texas 50(a)(6): max CLTV 80%, no annual fee, minimum advance $4,000¹	not published	Min: $10,000 ($15,000 in NC) inferred¹ Max: not published	Draw: 10 years¹ Repay: 20 years¹	$60 ($50 in MN; none on Texas Section 50(a)(6) lines)¹	not published	No 'no closing cost' statement on page; borrower-paid title insurance may be required above $750,000; mail-away/notary fees $140-$375 plus $25 courier when a third party closes¹	not published	not published
KeyBankSources	80% (owner-occupied)¹	not published	Min: $10,000¹ Max: $500,000¹	Draw: not published Repay: not published	not published	not published	not published	not published	not published
Navy Federal Credit UnionSources	not published	not published	Min: $10,000¹ Max: $500,000¹	Draw: 20 years¹ Repay: 20 years (disclosure: cannot exceed 20 years)^1,2	$0¹	not published	Product page: Navy Federal pays all closing costs (typically $300-$2,000 on lines up to $250,000); member pays prepaid interest and escrow on first-lien HELOCs. Binding disclosure: no Navy Federal charges to open or maintain the line, but borrower 'may be required to pay' third-party fees, typically $300-$2,000 on lines up to $250,000 sources conflict^1,2	not published	Texas¹
PenFed Credit Unionbrowser-rendered copySources	85% (owner-occupied homes and second homes outside Texas; depends on credit)¹ Exceptions: Texas: 80% (owner-occupied); condos: 80%¹	not published	Min: $25,000¹ Max: $500,000¹	Draw: 10 years¹ Repay: 20 years¹	$99 on each account anniversary¹	not published	PenFed pays most closing costs; closing costs range $500-$8,500 for a $500,000 line; borrower pays city, county or state taxes in FL, LA, MD, MN, NY, TN and VA, and the appraisal if one is needed (average $550-$850)¹	not published	not published
PNC BankSources	79.90%-89.90% (generally; labeled 'Maximum LTVs')¹ Exceptions: Texas: homestead primary residence only, max 80% CLTV¹	not published	Min: not published Max: not published	Draw: 10 years² Repay: Up to 30 years²	$75 each year of the draw period; none in Texas; waived for PNC Private Bank clients^1,2	Reimburse PNC-paid closing costs if closed within 36 months (not in Texas)¹	PNC pays certain closing costs; origination fee $299-$599 by line size (none in Texas); borrower pays NY and GA recordation taxes¹	5.74% intro APR for the first 6 months on lines of $50,000+; variable part only; applications Aug 16 - Oct 31, 2026, close by Dec 31, 2026¹	AK, HI, LA, MS, NV, SD¹
Regions BankSources	not published Exceptions: Texas: total debt on the home may not exceed 80% of fair market value¹	not published	Min: $10,000¹ Max: $500,000¹	Draw: 10 years¹ Repay: 20 years¹	not published	Third-party closing costs paid by Regions are charged back if closed within 24 months (not in Texas)¹	Regions pays closing costs (est. $150-$4,000) for lines up to $500,000¹	Promotional rate may be offered; terms not stated in the guide¹	Only states where Regions has a branch (no list in the guide)¹
Spring EQSources	90% of home value¹	640 ('as low as')¹	Min: $50,000¹ Max: $500,000¹	Draw: not published Repay: not published	Charged; amount not published¹	None stated; no prepayment penalties¹	No application fee; lender fee and third-party fees apply (amounts not published)¹	not published	No state list; the website does not take applications for New York properties (site-solicitation restriction)¹
TD BankSources	not published	not published	Min: $25,000¹ Max: No hard cap published; standard offer up to $500,000, larger lines with additional terms¹	Draw: 10 years² Repay: 20 years²	$50 after the first anniversary; none on lines under $50,000¹	2% of outstanding balance, max $450, if closed within 24 months; waived if refinanced into a TD loan or property sold¹	$99 origination fee; closing costs exist on lines over $500,000, investment properties and co-ops; third-party discharge recording fee $0-$600 or higher when paying off and closing¹	not published	not published
TruistSources	not published	not published	Min: $15,000 (range stated for the intro offer)¹ Max: $1,000,000 (range stated for the intro offer)¹	Draw: 10 years¹ Repay: 20 years¹	$50 in AL, AR, CA, FL, GA, IN, KY, NJ and OH¹	Closing costs Truist paid may have to be repaid if the line is closed within 36 months¹	Borrower can pay closing costs or have Truist advance most of them (option in some states for lines up to $500,000); other fees $0-$10,000 by state¹	As low as Prime minus 1.51% (5.24% APR, with Prime 7.00% as of 9/16/2026) for 9 months; excellent credit required for the lowest rates; applications through 11/30/2026, closed by 01/29/2027; not on fixed-rate advances¹	Offered only in AL, AR, CA, DC, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV¹
U.S. BankSources	not published	660¹	Min: not published Max: not published	Draw: 10 years² Repay: 20 years sources conflict^2,3	$75 after the first year; waived with U.S. Bank Platinum Checking Package¹	1% of original line, max $500, if paid off and closed within 30 months¹	No application fees or closing costs; initial escrow-related funding costs may apply^1,3	not published	not published

How we collected this

We saved each lender's public HELOC pages and disclosures on October 7, 2026 and took every value from them, together with the exact sentence it comes from. PenFed Credit Union blocks automated downloads, so its values come from a browser-rendered copy of the lender's page (Chrome) made on October 6, 2026, covering the page's disclosures section. The table marks this row "browser-rendered copy".
"Not published" means we did not find the term on the pages we saved. The lender may still give it in its application, in the disclosures it sends you, or for your ZIP code.
"inferred": Worked out from the lender's published text, such as a payment rule; the lender does not state it in so many words.
"sources conflict": The lender's own pages disagree; the source quotes show which statements the value rests on. For Chase, four statements on its pages say its HELOC is not offered in Texas, while a disclosure on its HELOC calculator page still lists Texas terms; the table follows the four statements.
"varies by location": The lender's page shows terms for one default location until you enter a ZIP code; other states may differ.
Terms change often and depend on your state, property, credit and line size, and introductory rates have end dates. Check the lender's current terms before you rely on a number.
Lenders are listed alphabetically and are not ranked. See how we make money.

Lenders not in the table

Wells Fargo: current HELOC not confirmed. On May 1, 2020, HousingWire reported that "Wells Fargo Home Lending will temporarily stop accepting applications for all new home equity lines of credit after April 30". On October 7, 2026, the lender's former HELOC page returned "We can't find your page", and its equity page names a cash-out refinance as the way to borrow against your equity. We left Wells Fargo out of the table.
Third Federal Savings & Loan and Flagstar Bank: their websites blocked our download, so we could not read their terms.

How to cite this page

Source: Home Equity Calcs, HELOC terms at major lenders (October 2026), https://homeequitycalcs.com/heloc-lender-terms

You are welcome to quote these numbers; please link to this page. To cite one key number, link to its heading, for example https://homeequitycalcs.com/heloc-lender-terms#annual-fee. The CSV file has one row per lender and term, with the source page, the exact quote and the date we retrieved it.

Sources

Bank of America (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.bankofamerica.com/home-equity/
2. https://www.bankofamerica.com/home-equity/assumptions-home-equity/
BMO (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.bmo.com/en-us/main/personal/loans-and-lines-of-credit/home-equity-line-of-credit/
Chase (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
Citizens (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.citizensbank.com/home-equity-loans/home-equity-line-of-credit-heloc.aspx
2. https://www.citizensbank.com/disclosures/heloc.aspx
Fifth Third Bank (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.53.com/content/fifth-third/en/personal-banking/borrowing-basics/home-loans.html
Figure (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.figure.com/home-equity-line/
Huntington Bank (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.huntington.com/Personal/Lending-comparison/home-equity-comparison/home-equity-lines-of-credit
KeyBank (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.key.com/personal/home-loans-lines/home-equity-line.html
Navy Federal Credit Union (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.navyfederal.org/loans-cards/equity/heloc.html
2. https://www.navyfederal.org/content/dam/nfculibs/pdfs/mortgage-equity/heloc_importanttermsdisclosure.pdf
PenFed Credit Union (browser-rendered copy of the lender's page (Chrome), retrieved October 6, 2026)
1. https://www.penfed.org/mortgage/heloc
PNC Bank (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.pnc.com/en/personal-banking/borrowing/home-equity-loans/home-equity-line-of-credit.html
2. https://www.pnc.com/content/dam/aox-images/cheloc/pnc-bank-cheloc-early-disclosures.pdf
Regions Bank (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.regions.com/-/media/pdfs/quick-guides/QuickGuide-HELOC
Spring EQ (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.springeq.com/variable-rate-heloc
TD Bank (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.td.com/us/en/personal-banking/home-equity/he-line-of-credit
2. https://www.td.com/us/en/personal-banking/home-equity
Truist (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)
1. https://www.truist.com/loans/heloc
U.S. Bank (lender's page saved as published (HTML or PDF), retrieved October 7, 2026)

Last reviewed October 7, 2026. This page is general information, not financial advice; Home Equity Calcs is not a lender. Found a term that has changed? Write to hello@homeequitycalcs.com.