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Sep
20
2025

Current HELOC Rates in Riverside County, CA Today

By | mortgage | Comments Off on Current HELOC Rates in Riverside County, CA Today

RIVERSIDE COUNTY HELOC RATES TODAY

Current HELOC rates in

Riverside County, CA.



Disclaimer: The prime rate directly influences the rates on HELOCs and home equity loans.


View your rate

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Compare HELOC rates in Riverside County.

Key Points

•  A home equity line of credit (HELOC) functions like a revolving credit line, similar to a credit card, where interest is charged only on the amount borrowed.

•  Lenders determine your HELOC interest rate based on your credit score, debt-to-income (DTI) ratio, and home equity.

•  HELOCs feature variable interest rates, which can lead to fluctuations in monthly payments and overall costs.

•  Failing to make timely payments can result in foreclosure.

•  Online calculators are available to help estimate monthly payments and total costs.

Introduction to HELOC Rates

This article aims to guide homeowners through the intricacies of home equity line of credit rates in Riverside County, California, encompassing cities like Palm Springs, Indio, Temecula, and Riverside. You will gain an understanding of the various factors that influence the rates offered. By the end of this guide, you will be better equipped to compare lenders, understand the benefits and risks of HELOCs, and take the necessary steps to qualify for a competitive rate. Whether you’re planning a home renovation or need funds for another significant expense, the information provided will assist you in making informed financial decisions.

What Is a HELOC?

A HELOC is a flexible credit line secured by the equity in your home (the home’s value minus your outstanding mortgage balance). Typically, you’ll need at least 15% equity in your home to qualify, and you can borrow up to 90% of that equity. Given that your home serves as collateral, it’s crucial to keep up with monthly payments to avoid potential foreclosure. HELOCs have two distinct phases, each with a different payment structure:

The Draw Period

During the 10-year draw period, you can access funds as needed, pay only interest (as opposed to principal and interest), and reborrow up to your credit limit if you repay the principal. A HELOC interest-only calculator can be a useful tool for estimating payments during this phase.

The Repayment Period

Following the draw period is the repayment period, which can extend up to 20 years and requires monthly principal-plus-interest payments. As HELOCs have variable interest rates, monthly payments can change periodically. A HELOC monthly payment calculator will be helpful for calculating your obligations.

Recommended: HELOC vs. Home Equity Loan

The Origin of HELOC Interest Rates

HELOC interest rates are primarily influenced by the prime rate, which is set by banks and other lenders based on Federal Reserve policies. Each lender then adds a margin to the prime rate, resulting in the varying HELOC rates you’ll encounter in Riverside County. Lenders also consider individual factors such as your credit score, debt-to-income (DTI) ratio, and the amount of equity you have in your home. This underscores the importance of shopping around and obtaining rate quotes and terms from multiple lenders before selecting a lending partner.

How Interest Rates Impact HELOC Affordability

The interest rate you secure on your HELOC directly impacts how much you can afford to borrow. Even a slight difference in the rate—for instance, a single percentage point—can significantly alter your overall payment. For example, if you borrowed $100,000 with a HELOC and had a 20-year repayment term, your monthly payment amounts would be approximately $775 at 7.00% interest, $836 at 8.00% interest, and $900 at 9.00% interest. Your total interest paid would be around $86,072, $100,746, and $115,934, respectively. Of course, due to variable interest rates, it’s unlikely your rate would remain constant for 20 years. However, a lower starting rate is always more advantageous.

HELOC Interest Rate Trends

While predicting future interest rates is impossible, monitoring the prime interest rate can provide valuable insights into HELOC rates in Riverside County. Over the past few years, the prime rate has fluctuated, ranging from an exceptionally low 3.25% in 2020 to a recent high of 8.50% in 2023. A historical perspective can help you gauge the potential range of a HELOC’s variable rate and determine whether current rates are comparatively low or high.

Date U.S. Rate
9/19/2024 8.00%
7/27/2023 8.50%
5/4/2023 8.25%
3/23/2023 8.00%
2/2/2023 7.75%
12/15/2022 7.50%
11/3/2022 7.00%
9/22/2022 6.25%
7/28/2022 5.50%
6/16/2022 4.75%
5/5/2022 4.00%
3/17/2022 3.50%
3/16/2020 3.25%
3/4/2020 4.25%
10/31/2019 4.75%
9/19/2019 5.00%
8/1/2019 5.25%
12/20/2018 5.5%
9/27/2018 5.25%

Source: U.S. Federal Reserve


Variable vs Fixed Interest Rates

HELOCs typically feature adjustable (also called variable) interest rates, which can fluctuate with market conditions, so it’s helpful to understand what this means. These rates often start lower than fixed rates. However, they can rise or fall over time, leading to somewhat unpredictable monthly payments. But there are some rules involved: Your HELOC agreement would spell out how often your rate can change and by how much, so you would go into the agreement with a sense of what the highest interest rate you might encounter would be. If you don’t think your budget has the flexibility to adapt to changing payments, a fixed-rate option such as a home equity loan might be more suitable for your financial situation.

Helpful Tools & Calculators

Before you apply for a HELOC, you can use online calculators to get a good handle on what your monthly payments might look like based on different amounts borrowed and different interest rates, during the interest-only and repayment phases.

Run the numbers on your HELOC.

Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

How to Qualify for a Competitive HELOC Rate

Lenders have certain benchmarks for HELOC applicants, and the minimum you’ll likely need to qualify for a credit line is 15% equity in your home, a credit score of 640 or better, and a DTI ratio below 50%. But if you want to get the best HELOC rates in Riverside County, you’ll need to push your numbers further. Here’s how.

Improve Your Credit Score

To get the best available HELOC rates, aim for a credit score of 700 or greater. Making your payments on time and chipping away at credit card balances can help your score soar. It’s also wise to check your credit report for errors and request a correction on any you find. Avoid opening new credit accounts or closing old ones in the months leading to your HELOC application.

Calculate Your Debt-to-Income Ratio (DTI)

Your DTI ratio is the total of your monthly debt payments (student loan, car loan, credit card, etc.) divided by your gross monthly income. For the best HELOC rates, try to trim your DTI ratio and get it under 36%. You can do this by paying down credit lines, increasing your income, or doing a combination of both.

Application Process for a HELOC in Riverside County

Many lenders offer prequalification for a HELOC on their website, which will give you a rough idea of the interest rate you might be offered and the amount you can borrow. It doesn’t guarantee that you’ll be approved. If you want to move forward, you’ll need to submit a full application, following these steps:

Step 1: Run the Numbers

Before you take the plunge and apply for a HELOC, it’s a good idea to check your credit scores and calculate your DTI ratio. You’ll also want to assess your home equity by subtracting your remaining home loan balance from your home’s current market value. Divide the result by the home value to get your percentage of equity. If it’s 15% or more, you could qualify for a HELOC.

Step 2: Compare Lenders

Research and compare different lenders to find the best HELOC rates available in Riverside County. Carefully look at interest rates, qualification requirements that you need to meet, minimum and maximum credit lines, any associated fees, and the length of both the draw and repayment periods. Each lender may have different terms, so understanding all the details is important for making an informed decision.

Step 3: Submit Your Application

Have your identification, income verification, and property information handy when you embark on the application. For income verification, your most recent pay stubs, W-2 forms, and tax returns are usually needed. If you’re self-employed, a lender might also ask for a profit-and-loss statement and two years’ tax returns. For property documentation, you’ll typically need a homeowners insurance declaration page. You can submit your HELOC application online, over the phone, or in person, and it’s usually a pretty straightforward process.

Step 4: Get an Appraisal

The appraisal is a professional and objective analysis to determine your home’s value in the current market. The cost can vary, but you’re usually looking at a range from $300 to $600. If your home appraises for more than your existing mortgage balance, such that you hit 15% equity or more, the lender may approve you for a HELOC. The appraisal is a crucial step, as it helps determine the amount of equity you can access and the specific terms of your borrowing agreement.

Step 5: Prepare for Closing

Before you can tap into your HELOC funds, you’ll need to sign the HELOC documents and take care of the associated fees. Some lenders can make funds available within three days of closing. Be sure to grasp all the terms and conditions, and have funds on hand to cover the closing costs.

Closing Costs and Fees

HELOC closing costs are typically lower than the fees you’d encounter with a home purchase or a refinance. Expect an appraisal fee to be the most significant cost. You might also see a title search fee (around $100 to $450), an application fee, origination charges, and administrative fees. Some lenders tack on an annual maintenance fee (up to $250) or transaction fees for withdrawals. Lenders may offer to reduce or even waive your closing costs, but this could mean a slightly higher interest rate.

Recommended: Different Types of Home Equity Lending

Tax Benefits and Considerations

Here’s a tip: Homeowners can deduct HELOC interest from their taxes, but only if the borrowed funds are specifically used to significantly improve their primary residence. This tax benefit is valid through 2025, though interest may still be deductible in future years, depending on tax policies. Tax laws can be intricate, and a tax advisor can help you confirm your eligibility for deductions and keep you apprised of how the rules change in future years.

Alternatives to HELOCs

There’s a universe of financing options in addition to HELOCs, so there are other ways to get equity out of your home and ways to borrow without involving your equity at all. Consider these alternatives if a HELOC doesn’t feel quite right.

Home Equity Loan

Unlike HELOCs, home equity loans give you a lump sum amount and are paid back at a fixed interest rate. You can usually access up to 85% of the equity you’ve built in your home. Lenders like to see a credit score of 680 or higher, and many prefer 700+ for the best rates. The monthly payments on these loans are predictable. A home equity loan calculator can help you see how much you might be able to borrow with this loan type.

Cash-Out Refinance

A cash-out mortgage refinance is another way for homeowners to tap into their home equity. In this scenario, you would refinance your mortgage for more than you currently owe and pocket the difference. Typically, you’ll need a credit score of 620 or higher and a DTI ratio below 43%. If you are thinking about a cash-out refinance vs. home equity line of credit, the key difference is that with a refi, you can choose a fixed or variable interest rate.

Personal Loan

A personal loan is typically unsecured and repaid in regular, fixed installments over two to seven years. The key benefit here is that your home is not at risk of foreclosure should you encounter financial challenges. Most lenders look for a credit score of 610 or higher when considering a personal loan application. While the process is relatively swift, do note that the interest rates are often higher than those of HELOCs or home equity loans.


The Takeaway

When pondering a HELOC, it’s important to consider it from all angles. HELOCs offer flexibility and potentially lower interest rates than personal loans, making them a cost-effective option for significant expenses. They’re particularly useful if you don’t know exactly how much you need to borrow, or if your costs are spread out over several years. However, a HELOC does carry the risk of home loss if you default. Investigating HELOC rates in Riverside County, CA with multiple lenders can shed light on the best options available for your financing needs.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate


FAQ

What can a HELOC be used for?

A HELOC can be a versatile financial tool, whether you’re eyeing a home makeover, need to cover personal expenses, or want to streamline debt payments. It’s especially handy for larger expenses, providing a revolving line of credit akin to a credit card but with a potentially higher ceiling and lower interest rate. Just be sure to have a plan in place to make your payments before you borrow.

What’s the monthly payment on a $100,000 HELOC?

The monthly payment on a $100,000 HELOC can vary greatly depending on the interest rate and the repayment period. During the draw period, which can last 5, 10, or even 20 years, you may only need to pay interest on the amount you’ve borrowed, which isn’t necessarily going to be the full $100,000. If you did use the entire credit line of $100,000, your interest rate for repayment would likely be a variable one. But at an average of 8.00% and a repayment term of 20 years, you would pay $836 per month.

Do you need an appraisal for a HELOC?

You usually need a home appraisal to qualify for a HELOC. The appraisal helps to determine the market value of your home, which is essential for calculating your available equity. Lenders use this information to qualify you and to set the credit limit for your HELOC. The appraisal process can take a few weeks and may involve a fee of $300 to $600. It’s a crucial step in the HELOC process.

How tough is it to get a HELOC?

Getting a HELOC is quite manageable if you meet the lender’s criteria. Generally, a minimum credit score of 640, a DTI ratio under 50%, and at least 15% in your home are what you need. The application process involves some number crunching, comparing lenders, and preparing for a home appraisal.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.


¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


SOHL-Q225-456

Browse other California home guides.

Browse HELOC rates by state guides.

More HELOC resources.

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

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Sep
20
2025

Current HELOC Rates in Bend, OR Today

By | mortgage | Comments Off on Current HELOC Rates in Bend, OR Today

BEND HELOC RATES TODAY

Current HELOC rates in

Bend, OR.



Disclaimer: The prime rate directly influences the rates on HELOCs and home equity loans.


View your rate

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Compare HELOC rates in Bend.

Key Points

•   Home equity line of credit rates in Bend are influenced by the prime rate and by individual borrower profiles.

•   Homeowners can usually borrow up to 90% of their home equity with a HELOC.

•   Variable interest rates can sometimes lead to unpredictable monthly payments.

•   If you’re looking for a more predictable payment, a fixed-rate home equity loan could be a better choice.

•   A HELOC can be a smart way to fund home improvements, debt consolidation, or other large expenses.

Introduction to HELOC Rates

This article is your comprehensive guide to HELOC rates in Bend, Oregon. You’ll gain insight into the factors that sway these rates, the pros and cons of HELOCs, and how to effectively compare offers from various lenders to secure the best option for your needs. Whether you’re considering a home improvement project or require funds for other purposes, a grasp of HELOC rates will empower you to make a well-informed decision. First step? Make sure you understand what a home equity line of credit is.

What Exactly Is a HELOC?

A HELOC is a revolving credit line that uses your home’s equity (the value of your home less the amount you still owe on your home loan) as collateral. To qualify, you typically need to have at least 15% equity in your home. With a HELOC, you can typically borrow up to 90% of your equity. Because you’re securing the HELOC with your home, you want to make sure you have a plan to make your payments — otherwise, the lender could foreclose on your home. HELOCs have variable interest rates, so the amount you owe might go up or down according to larger market forces. It’s also important to understand that a HELOC has two phases, and payments will be different in each.

The Draw Period

During the HELOC’s initial draw period (usually 10 years) you can access funds in increments, as needed. You’ll have to pay interest on what you borrow, but most lenders won’t require you to pay down the principal — although you can do so if you wish to draw on the credit line again. A HELOC interest-only calculator is useful during the draw period.

The Repayment Period

After the draw period ends, the repayment period of 10 to 20 years begins. Monthly payments will increase as you begin to repay the principal plus interest. HELOC interest rates are usually variable, which means the amount you pay each month may go up or down as rates change. A HELOC monthly payment calculator can help you compute what you might owe.

The Origin of HELOC Interest Rates

Lenders peg HELOC rates to the prime rate, which is influenced by the Federal Reserve’s monetary policies. Each lender then adds a margin to the prime rate, resulting in the range of HELOC rates you see across different financial institutions. However, lenders also take into account individual borrower factors such as credit score, debt-to-income (DTI) ratio, and the amount of equity in the home before setting a specific interest rate. This means it’s a good idea to shop around and obtain rate quotes from multiple lenders before zeroing in on your lending partner.

How Interest Rates Impact HELOC Affordability

It’s worth spending time to seek out the best rate in Bend because even a seemingly small difference in your HELOC rate can make a noticeable impact on your overall costs. For example, if you used $50,000 from a HELOC during your 10-year draw period, the difference in the monthly interest payment based on an 8.50% versus a 9.50% rate is $42 per month (monthly payments would be $354 and $396, respectively). That might not seem like a big deal, but over time, interest costs can add up. And if you were in a 20-year repayment period, paying both the principal and interest, getting the lower interest rate would save you more than $3,000.

Recommended: Different Types of Home Equity Lending

HELOC Interest Rate Trends

Although the prime interest rate doesn’t provide a crystal ball for HELOC rates, it does offer a helpful glimpse into the future. Since 2018, the prime rate has seen a range of 3.25% in 2020 to a peak of 8.50% in 2023. By understanding this historical ebb and flow, you can better prepare for potential rate changes and manage your finances accordingly.

Date U.S. Rate
9/19/2024 8.00%
7/27/2023 8.50%
5/4/2023 8.25%
3/23/2023 8.00%
2/2/2023 7.75%
12/15/2022 7.50%
11/3/2022 7.00%
9/22/2022 6.25%
7/28/2022 5.50%
6/16/2022 4.75%
5/5/2022 4.00%
3/17/2022 3.50%
3/16/2020 3.25%
3/4/2020 4.25%
10/31/2019 4.75%
9/19/2019 5.00%
8/1/2019 5.25%
12/20/2018 5.5%
9/27/2018 5.25%

Source: U.S. Federal Reserve


Variable vs. Fixed Interest Rates

HELOCs often come with variable (also called adjustable) interest rates, meaning they can change over the life of the loan. These rates may start lower than fixed rates, but they can go up or down as the market shifts. It’s not wholly unpredictable, however. Your HELOC agreement will spell out how often your rate can adjust, and by how much. If you can get comfortable with the idea of paying rates that fall within the guardrails spelled out in your agreement, a HELOC might suit you. If you prefer consistent monthly payments, there are alternative borrowing options covered below.

Helpful Tools and Calculators

One way to check your comfort level with variable interest rates is to use a HELOC calculator to compute what your monthly payments would be, during either the interest-only (draw) phase or the repayment phase. Give different borrowed amounts and interest rates a test-drive with an online calculator before committing to a HELOC.

Run the numbers on your HELOC.

Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

How to Qualify for a Competitive HELOC Rate

To qualify for a HELOC you will likely need 15% equity in your home, a credit score of at least 640, and a DTI ratio below 50%. But to qualify for the best interest rate available in Bend, you’ll need to aim higher. Follow this advice:

Improve Your Credit Score

Keeping your credit score at 700 or above is a smart move if you’re aiming for the best HELOC rates. Making payments on time and reducing credit card balances can give your credit score a lift, as can correcting any errors that you find in your credit report. Avoid closing old credit accounts or opening new ones in the months before you file a HELOC application.

Calculate Your Debt-to-Income (DTI) Ratio

To take advantage of the best HELOC rates, you’ll want a DTI ratio under 36%. To determine your DTI, add up all your monthly debt payments and divide by your gross monthly income. To improve your ratio, try to pay off some debt, increase your income, or do both.

Application Process for a HELOC in Bend

The application process for a HELOC in Bend is straightforward. You can start by prequalifying online, which can give you a clear picture of the rates and terms you might expect. If you decide to proceed with the full application, these are the steps:

Step 1. Run the Numbers

First things first, check your equity level (as we’ve seen, you need 15% equity, at minimum). Also look at your credit score (it should be at least 640) and DTI ratio (it should be 50% or lower). If you pass with flying colors on all three, move on.

Step 2. Compare Lenders

As you explore lenders’ offers, don’t just look at interest rates. Compare qualification requirements, credit line maximums, fees, and the length of the draw and repayment periods a lender offers, among other factors. Look for lenders with competitive HELOC rates in Bend and terms that suit your needs.

Step 3: Submit Your Application

Gather your papers, including your ID, proof of income, and details about the property you’re using as collateral. For income, you’ll usually need to show your most recent pay stubs, W-2s, and tax returns. If you’re self-employed, you might need to provide a profit-and-loss statement and your tax returns from the last two years. For your property, you’ll need a homeowners insurance declaration page. Once you’ve got everything together, you can start your application online, over the phone, or in person.

Step 4: Get an Appraisal

It’s likely that the lender you apply to will require this step, in which a pro visits your home, gives it a good look, and then crunches the numbers to see what it’s worth in today’s market. The cost? Usually between $300 and $600. If your home’s value comes in higher than what you owe, to the point that you meet the minimum equity needed for a HELOC, your lender could give you the green light. This step is key in nailing down how much equity you can tap into and the terms you’ll score.

Step 5: Prepare for Closing

Once you’re approved for a HELOC and decide to move forward, you’ll need to sign the HELOC documents and take care of any associated fees. Most lenders will let you access funds within three business days of the HELOC closing. Before you sign on the dotted line, be sure you understand all the terms and conditions. This is an important step to avoid any surprises and to make sure you’re prepared to use your HELOC.

Recommended: HELOC vs. Home Equity Loan

Closing Costs and Fees

HELOC closing costs are generally more affordable than those associated with purchasing a home or a cash-out refinance. The priciest item is often the appraisal fee. A title search, if needed, might set you back $100 to $450. You could also encounter application, origination, and administrative fees, as well as annual maintenance fees that could reach up to $250. Certain lenders might charge transaction, inactivity, or early termination fees.

Tax Benefits and Considerations

HELOC interest costs can be tax-deductible, but only if the funds were used to significantly improve your primary residence. These tax guidelines are good through 2025. To make sure you’re getting the most out of your HELOC, it’s a good idea to consult with a qualified tax advisor to confirm your eligibility for any deductions and to help you stay on track with HELOCs and taxes in 2026 and beyond.

Alternatives to HELOCs

A HELOC isn’t the only way to get equity out of your home, and it’s worth exploring all alternatives if you aren’t sure a variable-rate credit line is right for you.

Home Equity Loan

A home equity loan provides you with a lump sum at a fixed interest rate, and you’ll begin making principal-plus-interest payments at once. You can typically borrow up to 85% of your equity. Lenders look for a credit score of 680 or more, with many favoring 700 and above. This option is great if you have a specific need for a defined amount of money and prefer the predictability of fixed payments.

Recommended: Home Equity Loan Calculator

Cash-Out Refinance

A cash-out mortgage refinance is another method you can use to borrow based on your equity. In this case, you would refinance your mortgage for more than you currently owe and pocket the difference. Typically, you’ll need a credit score of 620 or higher and a DTI ratio below 43%. If you are thinking about a cash-out refinance vs. a home equity line of credit, one difference is that with a refi, you can choose a fixed or variable interest rate.

Personal Loan

A personal loan is an unsecured loan that you repay in regular, fixed installments over a period of two to seven years. The key benefit here is that your home is not at risk of foreclosure should you encounter financial challenges and be unable to make your loan payments. Most lenders look for a credit score of 610 or higher for this type of borrowing. While these loans are relatively quick to secure, the interest rates may be higher compared to HELOCs or home equity loans.


The Takeaway

Before you commit to a HELOC, it’s wise to consider the full picture. Yes, the lower interest rates are appealing, and there’s the potential for interest to be tax deductible. But on the flip side, there’s the sobering thought of losing your home if payments aren’t met. So, before you leap, take a moment to run some sample borrowed amounts and interest rates through an online calculator to see if you feel you can handle the payments. Then shop around for the best HELOC rates in Bend by seeking out rate quotes from multiple lenders.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate


FAQ

What can a HELOC be used for?

A HELOC is very versatile. You can use it for home improvements, education costs, consolidating your higher interest debt, or any other purpose. It works much like a credit card, allowing you to draw funds as you need them and repay over time. The interest on a HELOC may be tax-deductible if the loan funds are used to improve your home, but you should check with a tax advisor about your specific situation to be sure.

What would the monthly payments be on a $100,000 HELOC?

Your monthly HELOC payments will vary based on the interest rate and the repayment period. During the draw period, which typically lasts 10 years, you’ll usually make interest-only payments. Once the repayment period starts, you’ll pay both the principal and interest. If you borrowed the full $100,000 during the draw period and had an 8.00% rate, you might pay around $667 per month. Once the repayment phase kicks in, you would start paying down the principal, which would adjust your monthly payment upward to $1,213. Remember, HELOCs have variable interest rates so your exact numbers may differ.

Do you need an appraisal for a HELOC?

An appraisal is generally required during the HELOC application process to ascertain the value of your property and the equity you have. This step is crucial for lenders to evaluate the risk and establish the credit limit for your HELOC.

Will a HELOC impact my credit score?

Just applying for a HELOC might cause a minor, short-lived drop in your credit score due to the credit inquiry a lender will do as part of the application process. But making on-time HELOC payments and keeping your credit utilization low can actually boost your score. Just avoid missing payments, as doing so can have a negative effect.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.


¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


SOHL-Q225-451

Browse other Oregon home guides.

Browse HELOC rates by state guides.

More HELOC resources.

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Read more
Sep
20
2025

Current HELOC Rates in Las Vegas, NV Today

By | mortgage | Comments Off on Current HELOC Rates in Las Vegas, NV Today

LAS VEGAS HELOC RATES TODAY

Current HELOC rates in

Las Vegas, NV.



Disclaimer: The prime rate directly influences the rates on HELOCs and home equity loans.


View your rate

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Compare HELOC rates in Las Vegas.

Key Points

•   Home equity line of credit rates in Las Vegas are based on the prime rate, your credit score, debt-to-income ratio, and the amount of equity in your home.

•   HELOCs offer a revolving line of credit, with interest charged only on the amount borrowed.

•   Online calculators can help borrowers estimate monthly payments and total interest costs before applying.

•   You may be able to deduct from your federal taxes the interest you pay on a HELOC.

•   To get a HELOC, your lender will typically require a home appraisal.

Introduction to HELOC Rates

Welcome to our guide on HELOC rates in Las Vegas, Nevada. We’re here to help you navigate the current market and understand the factors that impact these rates. By the end, you’ll be equipped to compare different lenders, weigh the benefits and risks of HELOCs, and know what it takes to qualify for a competitive rate. Whether you’re dreaming of a home makeover or aiming to streamline your debt, we’re here to ensure you make an informed financial decision.

What Is a HELOC?

A HELOC is a financial product, similar to a credit card, that uses your home equity as collateral. To calculate your equity, subtract your mortgage balance from your home’s current value. Typically, you’ll need at least 15% equity to qualify. With a HELOC, you can borrow up to 90% of your equity. There are two main phases: a draw period to access funds, and a repayment period to pay back what you’ve borrowed plus interest.

The Draw Period

In the HELOC’s draw period, which is usually 10 years, you can access funds in increments, as needed. During this initial draw period, you’ll need to pay interest on what you borrow, but most lenders won’t require you to pay down the principal — although you can do so if you wish to draw on the credit line again. Use a HELOC interest-only calculator to help you compute what you might owe during this phase.

The Repayment Period

Once the draw period ends, a repayment period of 10 to 20 years begins. Monthly payments will increase because you’ll be paying back both the principal and interest. HELOC interest rates are usually variable, which means the amount you pay each month may fluctuate as rates change. You can refer to a HELOC monthly payment calculator during this phase in the HELOC process.

Recommended: Different Types of Home Equity Lending

The Origin of HELOC Interest Rates

Lenders peg interest rates for HELOCs and different types of home equity loans to the prime rate, a figure largely dictated by the Federal Reserve’s actions. Each lender then adds a margin to the prime rate, leading to the range of HELOC rates you’ll encounter. Your personal financial profile, including your credit score, debt-to-income (DTI) ratio, income, and home equity, will also play a role in the rate you’re offered. By familiarizing yourself with these factors, you’ll be better equipped to anticipate rate changes and make strategic decisions about when to apply for a HELOC.

How Interest Rates Impact HELOC Affordability

Interest rates play a significant role in the affordability of your HELOC. For example, during the repayment phase, your monthly payment on a $50,000 HELOC with a 15-year term at 8.50% is approximately $492, with a total interest cost of $38,626. But keep in mind even a small difference in the rate can mean a big difference in the amount of interest you’ll pay. At 9.50%, the payment increases to $522, with a total interest cost of $43,980. You can see a higher rate can incur quite a bit of additional interest over time.

HELOC Interest Rate Trends

Although it’s not a crystal ball, keeping an eye on the prime interest rate can offer valuable insight into the direction of HELOC rates in Las Vegas. Since 2018, the prime rate has fluctuated between 3.25% in 2020 and 8.50% in 2023. This historical perspective can help you brace for potential HELOC rate shifts.

Date U.S. Rate
9/19/2024 8.00%
7/27/2023 8.50%
5/4/2023 8.25%
3/23/2023 8.00%
2/2/2023 7.75%
12/15/2022 7.50%
11/3/2022 7.00%
9/22/2022 6.25%
7/28/2022 5.50%
6/16/2022 4.75%
5/5/2022 4.00%
3/17/2022 3.50%
3/16/2020 3.25%
3/4/2020 4.25%
10/31/2019 4.75%
9/19/2019 5.00%
8/1/2019 5.25%
12/20/2018 5.5%
9/27/2018 5.25%

Source: U.S. Federal Reserve


Variable vs. Fixed Interest Rates

HELOCs often come with variable interest rates, which means they can change over the life of the loan. While these rates might start lower than fixed ones, they can go up or down based on the market. For instance, if the prime rate goes up, your HELOC rate will too. Fixed-rate options are a bit rarer, but they do provide the stability of predictable monthly payments, which can be a great help when you’re budgeting and planning for the future.

Helpful Tools and Calculators

Before you apply for a HELOC, use our online tools to help you estimate your monthly payment and interest costs. A HELOC payment calculator and HELOC interest-only calculator are important financial tools that can help you understand what you can afford and how much you might borrow. A home equity loan payment calculator can allow you to compare loan offers and understand the long-term costs. These considerations can help you make a fine decision for your financial situation and long-term goals.

Run the numbers on your HELOC.

Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

How to Qualify for a Competitive HELOC Rate

To land a top-tier HELOC rate in Las Vegas, you’ve got to meet some standards. Keep your credit score up, your DTI ratio down, and your home equity high to boost your chances of scoring a low HELOC rate. And of course, it’s smart to shop around and compare offers from different lenders to find the best deal.

Improve Your Credit Score

In Las Vegas, a credit score of 680 or above is your ticket to competitive HELOC rates. Stay on top of regular payments, and keep those credit card balances in check. Before you take the plunge, give your credit report a once-over to spot any slip-ups and set the record straight.

Calculate Your Debt-to-Income Ratio (DTI)

Your DTI ratio is a simple formula: your total monthly debt payments divided by your gross monthly income. To secure the lowest rates, most HELOC lenders prefer to see a DTI under 36%, and the lower, the better. To find out your DTI, tally up all your monthly debt payments (credit card minimums, auto loan, student loans), and divide them by your gross monthly income. A lower DTI can open the door to more favorable HELOC rates in Las Vegas.

Application Process for a HELOC in Las Vegas

The application process for a HELOC in Las Vegas is straightforward, especially if you prequalify online. This preliminary step lets you view the rate you might qualify for. If you decide to move forward with a full application, you’ll gather necessary paperwork and submit an application. Here’s the full process:

Step 1: Run the Numbers

First, take a look at your credit scores and calculate your DTI. Then assess your home equity by subtracting your outstanding mortgage balance from your home’s current market value. Regular mortgage payments are a great way to build home equity over time. You can also increase your home equity by making renovations that boost your property’s value. The more home equity you have, the better the terms and the higher the amounts you can qualify for with a HELOC.

Step 2: Compare Lenders

Research different lenders to find the best HELOC rates in Las Vegas. Look at interest rates, qualification requirements, credit line minimums and maximums, fees, and the length of the draw and repayment periods. Each lender has its own terms and conditions, so shop around and read the fine print.

Step 3: Submit Your Application

Gather your documentation, including identification, income verification, and property information. Income documentation often includes recent pay stubs, W-2 forms, and tax returns. If you’re self-employed, lenders may ask for a profit-and-loss statement and two years’ tax returns. Lenders require a homeowners insurance declaration page as part of the property documentation. Submitting your HELOC application takes place online, by phone, or in person, and can be a straightforward process if you have all the necessary documents ready.

Step 4: Get an Appraisal

The home appraisal, an essential step, is where a professional objectively determines the value of your home. The cost for this service is typically around $300 to $600. If your home is appraised for more than your current mortgage balance, this could open the door for a home equity line of credit.

Step 5: Prepare for Closing

Before you can tap into your HELOC, you’ll need to sign the paperwork and take care of any associated fees. The good news is that most lenders will have your funds ready within about three business days after the HELOC closing. Before you sign on the dotted line, be sure to go over the terms and conditions carefully. Reviewing the closing documents thoroughly will ensure a seamless and successful HELOC application process in Las Vegas.

Closing Costs and Fees

HELOC closing costs are generally more affordable than those associated with home purchases or cash-out refinances. Appraisal fees as mentioned can be the steepest. Title searches, if necessary, can cost $100-$450. Additional charges might include application, loan origination, and administrative fees. Some lenders may also charge a yearly maintenance fee, which could go up to $250. While some lenders may waive closing costs, they might compensate with higher interest rates. Be sure to consider all costs when weighing your options.

Tax Benefits and Considerations

You can deduct HELOC interest on your federal tax return as a homeowner, but there’s a catch. The funds you’re claiming the interest on must have been used to significantly improve your primary residence. These tax guidelines are in play through 2025. To make sure you’re on the right track, it’s always a good idea to consult a tax advisor. They can help you navigate the tax implications and confirm your eligibility for HELOC-related deductions. Understanding these potential benefits can help you make the most informed decisions regarding your HELOC.

Alternatives to HELOCs

Other financing options you might consider include home equity loans, cash-out refinancing, and personal loans. Each of these options has its own set of advantages and considerations.

Home Equity Loan

A home equity loan hands you a hefty lump sum at a fixed interest rate, and you pay it back in regular installments. Here, you can usually tap into up to 85% of your home’s equity. Lenders often look for a credit score of 680 or more, with many favoring 700 and above. If you’re after a big chunk of cash upfront with a clear, structured payment plan, a home equity loan could be good for you.

Cash-Out Refinance

A cash-out mortgage refinance is a great option for homeowners looking to tap into their home equity by refinancing their mortgage for a larger sum and receiving the difference in cash. This is a fantastic solution for those who need a significant amount of money. Typically, a 620 credit score or higher and a DTI of less than 43% are required. You can choose between fixed or variable rates, with the latter potentially granting access to more equity.

Personal Loan

A personal loan is a versatile, typically unsecured loan that you repay in regular, fixed installments over a term of two to seven years. The key benefit? Your home is not part of the deal. This means, in times of financial strain, your home is safe from foreclosure. Most lenders look for a credit score of 610 or higher for a personal loan. While they are relatively quick to secure, the interest rates can be higher than those of HELOCs or home equity loans.


The Takeaway

As you consider the idea of a HELOC, it’s wise to look at the pros and cons. The flexibility and potentially lower rates are appealing, but remember, defaulting could lead to losing your home. Take the time to compare offers, understand terms, and shop around for what works for you.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate


FAQ

What can a HELOC be used for?

A HELOC can be used for home renovations, large personal expenses, and debt consolidation. HELOCs function like a credit card, allowing you to draw funds as needed and pay interest only on the amount used. This flexibility makes HELOCs a versatile tool for managing significant financial needs.

What would the monthly payments be on a $50,000 HELOC?

The monthly payment on a $50,000 HELOC varies depending on the interest rate and the repayment period you choose. For example, during the draw period, if you used the full $50,000 but just made interest payments, your monthly bill at 8.00% would be $333. Once you enter the repayment term of 20 years, the monthly cost would rise. Your best bet is to use a HELOC payment calculator to get an estimate based on your specific situation.

Do you need an appraisal for a HELOC?

Yes, an appraisal is a critical step in the process, as it determines the current market value of your home, which is used to calculate the amount of equity you can borrow against.

What might prevent you from getting a home equity loan?

There are a few things that could prevent you from securing a home equity loan, such as a low credit score, a high DTI ratio, or not enough equity in your home. Lenders typically look for a credit score in the upper 600s, a DTI ratio of 50% or less, and at least 15% equity in your home. If you don’t meet these criteria, you may be denied a home equity loan. But don’t worry. You can take steps to improve your financial situation and meet the requirements.

How does a HELOC impact your credit score?

Opening a HELOC might nudge your credit score down a bit due to the initial hard inquiry. And if you use a significant portion of the available credit, that could also cause a dip. But on the flip side, making timely payments can actually boost your score. Just be mindful that a HELOC does add to your total debt, which could impact your debt-to-income ratio.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.


¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


SOHL-Q225-443

Browse other Nevada home guides.

Browse HELOC rates by state guides.

More HELOC resources.

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Read more
Sep
20
2025

Current HELOC Rates in Anchorage, AK Today

By | Uncategorized | Comments Off on Current HELOC Rates in Anchorage, AK Today

ANCHORAGE HELOC RATES TODAY

Current HELOC rates in

Anchorage, AK.



Disclaimer: The prime rate directly influences the rates on HELOCs and home equity loans.


View your rate

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Compare HELOC rates in Anchorage.

Key Points

•   Home equity line of credit rates in Anchorage are based on the prime rate, your credit score, debt-to-income ratio, and the amount of equity in your home.

•   The interest rate is typically variable and based on the prime rate plus a lender margin.

•   You’ll need a minimum of 15% equity in your home to qualify.

•   You can usually deduct HELOC interest from your federal taxes if you’re using the funds to improve your primary residence.

•   Be sure to compare lenders and take advantage of online tools to estimate costs and payments.

Introduction to HELOC Rates

This article is your comprehensive guide to HELOC rates in Anchorage, Alaska. You’ll learn how to navigate the current market and secure competitive terms for your needs. In this guide, we’ll review home equity line of credit rates in Anchorage, so you can confidently get equity out of your home. We’ll cover the factors that impact HELOC rates, the pros and cons of these financial tools, and how to shop around for a fine deal. Whether you’re dreaming of a home makeover, looking to streamline your debt, or have a big expense on the horizon, you can feel empowered to make savvy financial choices.

What Is a HELOC?

A HELOC is a revolving credit line secured by your home equity (the value of your home less the amount you owe on your home loan). Most lenders will require you to have at least 15% equity in your home to qualify for a HELOC. You can typically borrow up to 90% of that equity. HELOCs have two main phases: the draw period and the repayment period. It’s important to understand how payments differ in each phase, given that missing payments can result in a lender foreclosing on your home.

The Draw Period

Homeowners first have a draw period, often 10 years, during which they can borrow in increments up to a specified credit ceiling. During this time, you would make only interest payments on what you have borrowed. A HELOC interest-only calculator can show you what these payments might look like.

The Repayment Period

After the draw period ends, the repayment period of 10 to 20 years begins. Monthly payments will increase as you begin to repay the principal plus interest. HELOC interest rates are usually variable, which means the amount you pay each month may fluctuate as rates change. Refer to a HELOC monthly payment calculator to help you figure out what you might owe.

Recommended: Different Types of Home Equity Lending

The Origin of HELOC Interest Rates

HELOC rates and different types of home equity loans are determined by the prime rate, which is influenced by the Federal Reserve, plus a lender’s margin. The margin varies by lender and is based on your credit score, debt-to-income (DTI) ratio, income, and the amount of equity you have in your home. Understanding how these factors affect your rate can help you anticipate rate changes and decide when to apply.

How Interest Rates Impact HELOC Affordability

The interest rate on your HELOC is a big deal because even a one-percentage-point difference can have a major impact on your monthly payments and the total interest you’ll pay. For instance, let’s say you have a $50,000 HELOC with a 15-year term, a percentage point increase (from 8.50% to 9.50%) would mean your monthly payment would go from $492 to $522. More important, your total interest would jump from $38,626 to $43,980 — a difference of more than $5,300 over the course of the HELOC.

Variable vs. Fixed Interest Rates

HELOCs often come with variable interest rates, meaning they can change over the life of the loan. While these rates usually start lower than fixed rates, they are subject to market fluctuations. For example, if the prime rate shifts, your HELOC rate will follow. This can work in your favor if rates drop, but it could also mean higher payments if rates go up.

HELOC Interest Rate Trends

It’s a good idea to keep an eye on the prime rate because it can offer valuable insight into potential movement of HELOC rates in Anchorage. For context, since 2018, the prime rate has varied, hitting a low of 3.25% in 2020 and a high of 8.50% in 2023. Knowing this history could help you brace for potential HELOC rate shifts.

Date U.S. Rate
9/19/2024 8.00%
7/27/2023 8.50%
5/4/2023 8.25%
3/23/2023 8.00%
2/2/2023 7.75%
12/15/2022 7.50%
11/3/2022 7.00%
9/22/2022 6.25%
7/28/2022 5.50%
6/16/2022 4.75%
5/5/2022 4.00%
3/17/2022 3.50%
3/16/2020 3.25%
3/4/2020 4.25%
10/31/2019 4.75%
9/19/2019 5.00%
8/1/2019 5.25%
12/20/2018 5.5%
9/27/2018 5.25%

Source: U.S. Federal Reserve


Helpful Tools and Calculators

Before you apply for a HELOC, use our online tools to help you estimate your monthly payments and interest costs. A HELOC payment calculator and HELOC interest-only calculator can help you understand how much you might expect to pay for a HELOC. A home equity loan calculator can help you determine how much you can borrow and how much your monthly payments might be for a home equity loan.

Run the numbers on your HELOC.

Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

How to Qualify for a Competitive HELOC Rate

To secure a competitive HELOC rate, you’ll want to keep your credit score high and your DTI ratio low. Lenders generally look for you to have at least 15% equity in your home — though more is better. Here are two more ways to make sure your finances are up to snuff before you apply.

Improve Your Credit Score

Keeping your credit score at 700 or higher can get you better rates because lenders see this as a sign of financial responsibility. Paying your bills on time and working to reduce your credit card balances can give your credit score a significant lift. Before you apply for a HELOC, take the time to review your credit report for any errors. Disputing any inaccuracies you find can help you boost your score.

Calculate Your Debt-to-Income Ratio (DTI)

Your DTI ratio is a simple calculation: just tally up your monthly debt payments and divide by your gross monthly income. To qualify for a competitive rate, most HELOC lenders prefer to see a DTI below 36%. The lower is usually better. A lower DTI tells lenders you can manage more payments and your debt load is under control. To boost your DTI, consider paying off some debts or finding ways to increase your income.

Application Process for a HELOC in Anchorage

The process of applying for a HELOC in Anchorage can be made much simpler by prequalifying online with many lenders. This is a smart first step because it allows you to see potential HELOC rates in Anchorage and terms you might qualify for before you start the application process. Prequalification is typically pretty straightforward, and it won’t affect your credit score. Once you’ve done that, you can begin the full application process, as follows:

Step 1: Run the Numbers

It’s wise to check your credit scores and calculate your DTI ratio. Also, take a good look at your home equity, which is essentially the difference between what your home is worth and what you still owe on your mortgage. The more you’ve paid down your mortgage, the more home equity you’ll have. If you’ve made improvements to your home that have increased its value, that can also boost your home equity.

Step 2: Compare Lenders

To find the right HELOC lender in Anchorage for you, you’ll want to compare rates and terms from multiple possible lending partners. Look at the interest rates, qualification requirements, minimum and maximum amounts you can borrow, fees, and the length of the draw and repayment periods. Because the terms vary from lender to lender, it’s important to shop around and read the fine print before you commit to a HELOC.

Step 3: Submit Your Application

Gather all of your necessary documents including ID, proof of income, and details about the property. For income verification, you’ll typically need recent pay stubs, W-2 forms, and a few years of recent tax returns. If you’re self-employed, they might ask for a profit-and-loss statement and those recent tax returns to confirm your earnings. For your property, you’ll need a homeowners insurance declaration page. Once you’ve got everything together, you can start your HELOC application online, over the phone, or in person.

Step 4: Get an Appraisal

A home appraisal is usually necessary to determine your home’s value. The cost can range from $300 to $600. This step is important because it helps determine the amount of equity you can potentially access and the specific terms of your HELOC agreement. A prospective lender will tell you what kind of appraisal is required, so wait for instructions.

Step 5: Prepare for Closing

Before you can access your HELOC funds, you’ll need to sign all the necessary loan documents and pay any fees associated with the loan. After you close your HELOC, some lenders may make the funds available to you within about three business days. Before signing, review the loan agreement and all the terms and conditions. Remember that closing costs can include appraisal fees, title search fees, and loan origination fees, among other potential charges.

Closing Costs and Fees

The good news is, HELOC closing costs are generally more budget-friendly than those associated with home purchases or cash-out refinances. As mentioned, you can anticipate an appraisal fee, which might be the steepest cost, along with title search fees, application, origination, and administrative fees. Keep an eye out for annual maintenance fees, as well as transaction, inactivity, or early termination fees from some lenders.

Recommended: HELOC vs. Home Equity Loan

Tax Benefits and Considerations

As a homeowner, you might be eligible to deduct HELOC interest from your federal taxes if the borrowed funds are used to significantly improve your primary residence. Since tax rules can change, it’s a good idea to consult a tax advisor to understand any implications for your specific situation and to see if you qualify for any HELOC-related deductions. Tax benefits and advantages can make HELOCs a more attractive financial option, especially if you’re using it for home-related expenses.

Alternatives to HELOCs

A HELOC isn’t the only way to get equity out of your home, and it’s worth exploring alternatives if you aren’t sure a variable-rate credit line is right for you.

Home Equity Loan

A home equity loan provides you with a lump sum at a fixed interest rate, and you’ll begin making principal-plus-interest payments at once. With this option, you can often tap into up to 85% of your home’s equity. Lenders usually look for a credit score of 680, and many like to see a credit score of 700 or higher. This is the preferred choice if you need a specific amount for a major, one-time expense.

Cash-Out Refinance

A cash-out mortgage refinance empowers you to unlock your home equity by refinancing your mortgage for a larger sum than you currently owe and pocketing the difference. This option is perfect for those who need a substantial amount of money and have a credit score of 620 or higher, with a DTI ratio less than 43%. You can choose between a fixed or variable rate, with variable rates often allowing access to more equity.

Personal Loan

A personal loan is typically unsecured, so you don’t risk foreclosure if you find yourself unable to make payments. It’s also repaid in regular, fixed installments over a period of two to seven years. Many lenders look for a credit score of at least 610 and higher. While they are relatively quick to secure, the interest rates can be higher than those of HELOCs or home equity loans.


The Takeaway

As you consider the possibility of a HELOC, look into both the benefits and the potential pitfalls. A line of credit offers flexibility in your borrowing and HELOC interest rates are usually better than those for personal loans. However, fluctuating interest rates and the risk of foreclosure are important elements. Take the time to weigh your financial situation and compare rates from a variety of lenders before committing.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate


FAQ

What can a HELOC be used for?

A HELOC can be used for many purposes, from home renovations to education costs to medical bills. It works much like a credit card: You have a revolving line of credit and can access funds as needed. During the draw period, you may need to pay only interest on the amount you’ve borrowed. This flexibility makes a HELOC a preferred method to manage significant expenses.

What would the monthly payments be on a $100,000 HELOC?

Your monthly HELOC payments will vary based on the interest rate and the repayment period. If you borrowed the full $100,000 and had an 8.00% rate, you might expect to pay around $667 per month during the draw period. Once the repayment phase kicks in, you would start paying down the principal, which would adjust your monthly payment to $1,213. Remember, HELOCs have variable interest rates and your exact numbers will differ, so refer to an online calculator.

What might prevent you from getting a home equity loan?

Having a low credit score, a high DTI ratio, or not enough equity in your home will affect your eligibility to land a home equity loan. Lenders typically look for a credit score in the upper 600s, a DTI ratio of 50% or less, and at least 15% equity in a home. If you don’t meet these criteria now, take steps to improve your financial situation and try again.

How does opening a HELOC affect my credit score?

Opening a HELOC can have a ripple effect on your credit score. The application process itself may cause a slight, temporary dip due to the hard inquiry. Once opened, the new account impacts what’s called your credit utilization — how much of your available credit you’re using. Using your HELOC wisely by making timely payments and keeping the balance in check can actually help build positive credit.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.


¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


SOHL-Q225-433

Browse other Alaska home guides.

Browse HELOC rates by state guides.

More HELOC resources.

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

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Sep
20
2025

Current HELOC Rates in Murfreesboro, TN Today

By | mortgage | Comments Off on Current HELOC Rates in Murfreesboro, TN Today

MURFREESBORO HELOC RATES TODAY

Current HELOC rates in

Murfreesboro, TN.



Disclaimer: The prime rate directly influences the rates on HELOCs and home equity loans.


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Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Compare HELOC rates in Murfreesboro.

Key Points

•   Home equity line of credit interest rates are determined by the prime rate and borrowers’ individual credit profiles.

•   HELOCs offer flexibility and potentially lower interest rates compared to other types of loans.

•   To make the most of your HELOC, it’s important to understand the draw and repayment periods.

•   Home equity loans and cash-out refinancing are alternatives to HELOCs.

•   HELOC interest may be tax-deductible if used for home improvements.

Introduction to HELOC Rates

This article is your go-to guide for understanding home equity line of credit (HELOC) rates in Murfreesboro, TN. We’re here to help you make the most of your home equity when borrowing. You’ll get a good grasp of HELOC rate trends, the factors that influence rates, and the tools you can use to estimate your costs. Whether it’s a home renovation or other expenses you’re looking to fund, we’re here to help you make an informed decision on whether a HELOC is the right fit for you.

What Is a HELOC?

A HELOC is a flexible borrowing method that allows you to borrow against the equity you’ve built up in your home by making payments on your home loan. To qualify, you’ll typically need to have at least 15% equity in your home, and you can often borrow up to 90% of that equity. Using your home as collateral means that if you fail to repay what you borrow, with interest, a lender could foreclose on your home. That’s why it’s important to understand the two main phases of a HELOC before you sign on.

The Draw Period

During the draw phase, you can borrow funds as you need them, up to your credit limit, and only pay interest on the amount you’ve borrowed. You can use a HELOC interest-only calculator to see what payments might be like at this time.

The Repayment Period

After a decade, repayment begins. Now, you’ll repay the principal while also still paying interest. A HELOC monthly payment calculator can give you a sense of what monthly payments would be as the HELOC’s variable interest rates change.

Recommended: Different Types of Home Equity Lending

Where Do HELOC Interest Rates Originate?

HELOC rates change with the fluctuations of the prime rate, which is the baseline interest rate banks use. This prime rate is heavily influenced by the Federal Reserve’s monetary policies. But each lender adds its own twist, called a margin, to the prime rate, which is why you’ll see different rates when you shop around among lenders. Your personal financial profile, like your credit score, debt-to-income (DTI) ratio, and the amount of equity you have in your home, also plays a part in the rate you’re offered.

How Interest Rates Impact HELOC Affordability

It will be well worth your time to spend time seeking out quotes from multiple lenders, because even a seemingly small difference in interest rate can translate into significant savings over the life of your HELOC. For example, if you used $50,000 from a HELOC during your 10-year draw period, the difference in the monthly interest payment based on an 8.50% versus a 9.50% rate is $42 per month (monthly payments would be $354 and $396, respectively). That might not seem like a big deal, but over time, interest costs can add up. And if you were in a 20-year repayment period, paying both the principal and interest, getting the lower interest rate would save you more than $3,000.

HELOC Interest Rate Trends

As you explore how to get equity out of your home, you’ll probably start looking more closely at the prime rate. While it’s no crystal ball, the prime rate can provide a glimpse of what might be on the horizon for HELOC rates in Murfreesboro. It’s also a good idea to take a peek at the history of the prime rate. Being familiar with it can help you put rates you’re seeing in the current marketplace into perspective, and can give you a sense of how much variable rates might change. The prime rate hit an unusual low of 3.25% in 2020 and a recent high of 8.50% in 2023.

Date U.S. Rate
9/19/2024 8.00%
7/27/2023 8.50%
5/4/2023 8.25%
3/23/2023 8.00%
2/2/2023 7.75%
12/15/2022 7.50%
11/3/2022 7.00%
9/22/2022 6.25%
7/28/2022 5.50%
6/16/2022 4.75%
5/5/2022 4.00%
3/17/2022 3.50%
3/16/2020 3.25%
3/4/2020 4.25%
10/31/2019 4.75%
9/19/2019 5.00%
8/1/2019 5.25%
12/20/2018 5.5%
9/27/2018 5.25%

Source: U.S. Federal Reserve


Variable vs. Fixed Interest Rates

As we’ve noted, HELOCs often come with variable (also called adjustable) interest rates. These rates often begin lower than fixed rates. Your HELOC agreement will spell out how often your rate can change and by how much, so you’ll know going into your HELOC the maximum rate you might encounter. Make sure you can see your monthly budget flexing to accommodate a larger payment before you sign on. If you think a fixed rate is more your speed, consider a home equity loan.

Helpful Tools & Calculators

Before you apply for a HELOC, you can use online tools to help estimate your monthly payment amount depending on how much you think you might borrow and how much your interest rate might be. Use the calculators below to try out different possible interest rates and determine how the costs might suit your budget.

Run the numbers on your HELOC.

Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

How to Qualify for a Competitive HELOC Rate

You can obtain a HELOC by meeting a few benchmarks: You’ll need 15% equity, a credit score of at least 640, and a debt-to-income (DTI) ratio under 50%. But to get the best rates in the marketplace, you’ll need to spruce up your stats still more. Follow this advice:

Improve Your Credit Score

To secure the most attractive HELOC rates, aim for a credit score of 700 or more. Timely payments and reducing credit card balances can give your credit score a lift. Be sure to review your credit report for any inaccuracies and dispute them if necessary to ensure your score reflects your financial responsibility. Keeping older credit accounts open and using them wisely can further elevate your credit score. And avoid opening new credit accounts in the months leading up to your HELOC application.

Calculate Your Debt-to-Income Ratio (DTI)

Your DTI ratio is a simple comparison of your monthly debt payments to your gross monthly income. Most HELOC lenders prefer a DTI below 36%, but the lower, the better. To calculate your DTI, tally up all your monthly debt obligations—mortgage, car loans, credit card payments—and divide by your gross monthly income. If you need to nudge your DTI ratio lower, try paying down some debts or look for a way to increase your income.

Application Process for a HELOC in Murfreesboro

Many lenders offer the convenience of prequalifying for a HELOC online. This initial step can give you a sense of the HELOC rates in Murfreesboro you may be eligible for. Once prequalified, you can decide whether or not to move forward with the full application.

Step 1: Run the Numbers

First off, check your credit score and calculate your DTI ratio. You’ll need a credit score of 640 and a DTI ratio below 50% to qualify. Also assess your home equity to make sure it’s over 15%. Subtract what you still owe on your mortgage from your home’s estimated value. Then divide the product by your home value to get a percentage of equity.

Step 2: Compare Lenders

Examine the rates you’ve prequalified for, and other rates you’re seeing in the market. Also compare qualification requirements, credit line minimums and maximums, fees, the length of the draw and repayment periods lenders are offering, and other factors. Look for lenders with competitive HELOC rates in Murfreesboro and terms that align with your needs.

Step 3: Submit Your Application

Gather some documents and get started on the application. You’ll need to provide identification, proof of income, and details about the property you want to use as collateral. For income verification, you’ll typically need to show recent pay stubs, W-2 forms, and tax returns. If you’re self-employed, you may need to provide a profit-and-loss statement and two years’ worth of tax returns. You’ll also need your homeowners insurance declaration page (lenders like to see that a property is insured). Submit your application online, over the phone, or in person. Just make sure everything is accurate and complete to help avoid any delays in the approval process.

Step 4: Get an Appraisal

An appraisal is a pro’s evaluation of your home’s worth, which determines how much equity you have and how large a credit line a lender might extend. It’s a small investment, usually around $300 to $600, and it will likely be required by your prospective lender. The lender will give you instructions on its appraisal process.

Step 5: Prepare for Closing

Before you can access your HELOC funds, you’ll need to sign documents and cover your fees. Some lenders can make funds available three days after the HELOC closing. It’s crucial to go over all the paperwork with a fine-tooth comb and make sure you’re clear on the terms and conditions.

Recommended: HELOC vs. Home Equity Loan

Closing Costs and Fees

The good news is that HELOC closing costs are generally lower than those for a home purchase or refinance. The highest expense is usually the appraisal fee. A title search, if required, may cost $100 to $450. You might also encounter application, origination, and administrative fees, as well as annual maintenance fees (up to $250) and transaction, inactivity, or early termination fees.

Tax Benefits and Considerations

HELOC interest costs can be tax-deductible, but only if the funds were used to significantly improve your primary residence. These tax guidelines are good through 2025. To make sure you’re getting the most out of your HELOC, it’s a good idea to consult with a qualified tax advisor to confirm your eligibility for any deductions and to help you stay on track with HELOCs and taxes in 2026 and beyond.

Alternatives to HELOCs

If you’re not sure a HELOC is the right choice for you, or just want to cover all your bases, there are a few other borrowing methods to consider.

Home Equity Loan

A home equity loan is different from a HELOC, though their names sound similar. With a home equity loan, you receive a lump sum and begin paying it back immediately, at a fixed interest rate. Most lenders will let you borrow up to 85% of your home’s equity. They’ll be looking for a credit score of 700 and above to offer you the best rate, though you can qualify at 680. A home equity loan calculator can help you find out how much you might be able to borrow with this method.

Cash-Out Refinance

A cash-out mortgage refinance is another method you can use to borrow based on your equity. In this case, you would refinance your mortgage for more than you currently owe and pocket the difference. Typically, you’ll need a credit score of 620 or higher and a DTI ratio below 43%. If you are thinking about a cash-out refinance vs. a home equity line of credit, one difference is that with a refi, you can choose a fixed or variable interest rate.

Personal Loan

A personal loan is typically unsecured and repaid in regular, fixed installments over a period of two to seven years. The key advantage here is the security of your home — there’s no risk of foreclosure. Many lenders look for a credit score of 610 or higher for personal loans. They are relatively quick to secure, but it’s worth noting that they often carry higher interest rates than HELOCs or home equity loans.


The Takeaway

As you ponder a HELOC, consider the pros and cons. The flexibility and competitive interest rates make HELOCs an attractive option for major expenses, and if you’re renovating, the potential for a tax deduction is nice, too. However, the variable interest rates and the potential of losing your home if you default are significant concerns. Researching HELOC rates in Murfreesboro and comparing offers from multiple lenders can help you make an informed decision.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

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FAQ

What can a home equity line of credit be used for?

A HELOC is a versatile financial tool that can be used for a variety of expenses, from home improvements to debt consolidation. It provides a flexible line of credit, allowing you to withdraw funds as needed during the draw period, typically 10 years, and make interest-only payments. This makes it useful for managing ongoing expenses or large projects that have unpredictable costs.

How much will you pay each month on a $50,000 HELOC?

During the draw period, most HELOCs would only require that you pay the interest on the portion of the $50,000 you’ve used. But once the draw period ends, your payments will cover both the principal and interest. If you borrowed the full $50,000 and repaid it at 7.00% interest over 20 years, your monthly payment would be $388.

Do you need an appraisal for a HELOC?

An appraisal is generally required during the HELOC application process to ascertain the value of your property and the equity you have. This step is crucial for lenders to evaluate the risk and establish the credit limit for your HELOC.

Will a HELOC impact your credit score?

Just applying for a HELOC might cause a minor, short-lived drop in your credit score due to the credit inquiry a lender will do as part of the application process. But making on-time HELOC payments and keeping your credit utilization low can actually boost your score. Avoid missing payments, however, as doing so can have a negative effect.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.


¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


SOHL-Q225-426

Browse other Tennessee home guides.

Browse HELOC rates by state guides.

More HELOC resources.

Turn your home equity into cash. Call us for a complimentary consultation or get prequalified online.

Read more
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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your 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.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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