What home equity loans closed at in 2025
- The median home equity loan closed at 8.50% in 2025. Half of the 456,729 loans closed between 7.60% and 9.38%.
- Longer terms cost more: a median of 6.75% for 5 years and 9.13% for 30 years.
- Borrowing more of your home's value raised the rate: 8.13% at a CLTV of 60% or less, 8.88% at 70% to 80% and 9.63% at 80% to 85%.
- HELOCs opened about a point lower: a median of 7.50%. HELOC rates are usually variable, so the two are not like for like.
For where rates stand today: the prime rate is 7.00% and the average 30-year fixed mortgage is 7.24% (week of October 29, 2026, Freddie Mac). Home equity loans are priced by each lender, usually above first-mortgage rates because they sit in second lien position.
Public HMDA data has no credit scores. How we counted.
Home equity loan rates by term
A longer term lowers the monthly payment but usually carries a higher rate and much more interest over the life of the loan.
Show the numbers
| Term | Loans | Median | Middle half |
|---|---|---|---|
| 5 years | 15,437 | 6.75% | 6.24% to 7.64% |
| 10 years | 61,396 | 7.63% | 6.87% to 8.50% |
| 15 years | 86,853 | 7.99% | 7.24% to 8.85% |
| 20 years | 203,969 | 8.83% | 8.13% to 9.63% |
| 30 years | 73,509 | 9.13% | 8.38% to 9.88% |
The most common terms shown. The scale runs from 0% to 12%. Source: LenderMatch analysis of 2025 HMDA data, FFIEC.
- 10 years at 7.63%Total interest about $21,613
- $597/mo
- 20 years at 8.83%Total interest about $56,620
- $444/mo
Home equity loan rates by state
In 2025, Pennsylvania (7.12%), Minnesota (7.63%), Vermont (7.63%) and Wisconsin (7.63%) had the lowest median home equity loan rates, and Louisiana (9.15%), Alabama (9.13%) and Arkansas (9.10%) the highest. The middle-half column shows how widely rates varied inside each state.
| State | Median rate | Middle half | Loans |
|---|---|---|---|
| United States | 8.50% | 7.60% to 9.38% | 456,729 |
| Alabama | 9.13% | 8.38% to 9.75% | 5,398 |
| Alaska | 9.00% | 8.15% to 9.63% | 911 |
| Arkansas | 9.10% | 8.38% to 9.75% | 3,493 |
| California | 8.50% | 7.75% to 9.25% | 51,220 |
| Colorado | 8.68% | 7.99% to 9.50% | 8,954 |
| Delaware | 8.68% | 7.88% to 9.50% | 2,216 |
| District of Columbia | 8.56% | 7.88% to 9.61% | 436 |
| Florida | 8.63% | 7.75% to 9.50% | 30,002 |
| Georgia | 8.93% | 8.25% to 9.75% | 16,574 |
| Hawaii | 8.75% | 8.16% to 9.55% | 731 |
| Idaho | 8.53% | 7.91% to 9.25% | 3,950 |
| Illinois | 8.75% | 7.95% to 9.62% | 12,462 |
| Iowa | 7.88% | 6.99% to 8.99% | 4,815 |
| Kansas | 8.68% | 7.99% to 9.50% | 3,662 |
| Kentucky | 8.80% | 7.99% to 9.63% | 4,962 |
| Louisiana | 9.15% | 8.38% to 9.95% | 2,781 |
| Maine | 7.99% | 7.00% to 8.88% | 2,991 |
| Maryland | 8.75% | 7.75% to 9.63% | 10,598 |
| Massachusetts | 8.25% | 7.25% to 9.00% | 8,923 |
| Michigan | 8.49% | 7.54% to 9.38% | 18,620 |
| Minnesota | 7.63% | 6.74% to 8.65% | 10,949 |
| Mississippi | 9.05% | 8.38% to 9.85% | 2,213 |
| Missouri | 8.75% | 8.13% to 9.50% | 7,909 |
| Montana | 8.49% | 7.75% to 9.13% | 1,722 |
| Nebraska | 8.55% | 7.75% to 9.50% | 2,778 |
| Nevada | 8.75% | 8.00% to 9.54% | 6,833 |
| New Hampshire | 8.29% | 7.49% to 9.10% | 3,026 |
| New Jersey | 8.50% | 7.65% to 9.28% | 15,525 |
| New Mexico | 8.50% | 7.75% to 9.50% | 3,574 |
| North Carolina | 8.89% | 8.04% to 9.75% | 12,057 |
| North Dakota | 7.75% | 7.09% to 8.50% | 1,424 |
| Oklahoma | 8.63% | 7.74% to 9.55% | 4,692 |
| Oregon | 8.63% | 7.88% to 9.45% | 6,467 |
| Pennsylvania | 7.12% | 6.27% to 8.88% | 23,707 |
| Rhode Island | 8.13% | 7.50% to 9.05% | 1,875 |
| South Carolina | 8.88% | 8.13% to 9.63% | 8,278 |
| South Dakota | 8.25% | 7.50% to 9.00% | 1,347 |
| Tennessee | 8.75% | 7.95% to 9.43% | 8,656 |
| Texas | 8.00% | 7.25% to 9.00% | 23,224 |
| Utah | 8.24% | 7.49% to 8.88% | 10,331 |
| Vermont | 7.63% | 7.00% to 8.80% | 1,102 |
| Virginia | 8.75% | 8.00% to 9.63% | 16,581 |
| Washington | 8.50% | 7.75% to 9.38% | 12,247 |
| West Virginia | 8.63% | 6.84% to 9.63% | 1,816 |
| Wisconsin | 7.63% | 6.27% to 8.88% | 11,123 |
| Wyoming | 8.75% | 7.99% to 9.55% | 1,054 |
Select a column heading to sort. Loans are closed-end loans in second lien position with a reported rate. Linked state names open that state's HELOC guide. Download this table (CSV).
How much you borrow and your rate
Combined loan-to-value ratio (CLTV) is your mortgage plus the new loan, divided by your home's value. The median rate rose with it: 8.13% at 60% or less, 8.88% at 70% to 80% and 9.63% at 80% to 85%. Fewer lenders go above 85%, and those loans are a different mix, so do not read the bands above 85% as cheaper.
Show the numbers
| CLTV | Loans | Median | Middle half |
|---|---|---|---|
| 60% or less | 166,781 | 8.13% | 7.25% to 8.80% |
| 60% to 70% | 105,454 | 8.50% | 7.74% to 9.25% |
| 70% to 80% | 124,246 | 8.88% | 7.88% to 9.63% |
| 80% to 85% | 31,414 | 9.63% | 8.50% to 10.75% |
| 85% to 90% | 21,025 | 9.50% | 8.00% to 11.00% |
| Over 90% | 5,698 | 8.63% | 7.75% to 9.75% |
The scale runs from 0% to 12%. Source: LenderMatch analysis of 2025 HMDA data, FFIEC.
Loan size and your rate
| Loan size | Loans | Median | Middle half |
|---|---|---|---|
| Under $50k | 121,924 | 8.49% | 7.34% to 9.38% |
| $50k to $100k | 197,069 | 8.63% | 7.75% to 9.50% |
| $100k to $150k | 75,907 | 8.50% | 7.65% to 9.28% |
| $150k to $250k | 44,792 | 8.38% | 7.59% to 9.24% |
| $250k to $500k | 14,794 | 8.25% | 7.50% to 9.13% |
| $500k and up | 2,243 | 8.25% | 7.38% to 9.00% |
How these rates are counted
- Data
- HMDA 2025 Snapshot loan-level data via the FFIEC HMDA Data Browser API, loans originated in 2025. Retrieved October 27, 2026.
- What is counted
- Home equity loans: closed-end loans in second lien position (456,729 loans with a usable rate).
- Filters
- Principal residence, consumer (not business) purpose, not a reverse mortgage, one to four units. Loans used to buy a home are not in the data, so purchase loans and piggyback second mortgages are left out.
- The rate
- The interest rate the lender reported at closing or account opening. For a line that opened at a promotional rate, that is the promotional rate.
- Middle half
- Half of the loans had a rate between these two numbers (the 25th and 75th percentiles). One quarter were lower and one quarter higher.
- Small groups
- Any group with fewer than 30 loans is not shown. Rates under 0.5% or over 25% are left out as promotional or reporting outliers.
- CLTV
- Combined loan-to-value ratio: everything secured by the home, divided by its value, as the lender reported it. Each range includes its upper bound.
- States
- The state where the home is. National figures add up all 50 states and DC.
Query
- Loan-level rows, one state at a time
https://ffiec.cfpb.gov/v2/data-browser-api/view/csv?states={ST}&years=2025&actions_taken=1&loan_purposes=2,31,32,4,5
Checks
Every published number was recomputed by a second, independent program from the raw rows, and each state's row count matches the HMDA Data Browser's own count for the same query.
Limitations
- These are rates on loans that closed in 2025, not today's offers. Rates have moved since; check the current prime rate and mortgage averages for where things stand now.
- Public HMDA data has no credit scores, so none of these rates are broken out by score.
- Smaller banks and credit unions with partial exemptions often do not report rates, and the smallest lenders do not report at all, so their loans are under-represented.
- A median shows what was typical, not what any one borrower will be offered. Lenders price on credit, income, equity and their own rules.
- The 2025 data is the snapshot release. FFIEC can publish revised files later, and figures may shift slightly.
How to cite this data
You are welcome to use these figures. Please credit LenderMatch and link to this page.
LenderMatch. “Home equity loan rates by state, 2025.” Analysis of 2025 Home Mortgage Disclosure Act data (FFIEC). Published October 27, 2026. https://lendermatch.io/home-equity-loan-rates/
Frequently asked questions
What is the current rate on a home equity loan?
Each lender sets its own fixed rate. As a benchmark, the median home equity loan in 2025 closed at 8.50%, and half closed between 7.60% and 9.38%. Today the prime rate is 7.00% and the average 30-year fixed mortgage is 7.24% (week of October 29, 2026).
Are home equity loan rates higher than mortgage rates?
Usually, yes. A home equity loan is a second lien, so the lender is paid after your first mortgage if the home is sold in foreclosure. In 2025, the median home equity loan rate was 8.50%, while the median cash-out refinance, a first lien, was 6.50%.
Does the loan term change the rate?
Yes. In 2025, the median was 6.75% for 5 years, 7.63% for 10 years, 7.99% for 15 years, 8.83% for 20 years, 9.13% for 30 years.
Which state has the lowest home equity loan rates?
In 2025, Pennsylvania (7.12%), Minnesota (7.63%), Vermont (7.63%) and Wisconsin (7.63%) had the lowest median home equity loan rates, and Louisiana (9.15%), Alabama (9.13%) and Arkansas (9.10%) the highest.
Is a HELOC or a home equity loan cheaper?
HELOCs opened about a point lower in 2025 (median 7.50% against 8.50%), but most HELOC rates are variable and can rise, while a home equity loan rate is usually fixed. The right choice depends on whether you need the money at once and how much rate risk you can take.
Keep reading
- What is a home equity loan (HELOAN)? A lump sum at a fixed rate, with a $50,000 example9 min read
- HELOC vs home equity loan: fixed lump sum or variable line? The $50,000 math8 min read
- Second mortgage rates: why they run higher than first mortgages and how to compare offers6 min read
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