Home Equity Loan :
(329 votes, average: 3.50 out of 5)
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Home Equity Loans Rates
Real rates. Not teasers. The home equity rates below are provided by homeowners members throughout America who took a home equity loan last few weeks. The rates are not the same as what you see online elsewhere since they are teaser rates. They may be a little below or higher what you see on other sites but they are real rates homeowners recently received.
Our goal; give a better idea who offer the best equity rates for your credit score. We’re also proving members’ satisfaction ratings for lender type and credit scores.
| Credit Score |
Satisfaction |
|||
|---|---|---|---|---|
| 720 – 850 | 690 – 719 | 620 – 689 | ||
| Nationally | 7.5% | 7.8% | 8.0% | |
| Credit Unions | 8.0% | 8.1% | 8.3% | 8.2/10 |
| Online lenders | 8.1% | 8.2% | 8.4% | 8.0/10 |
| Banks | 8.3% | 8.5% | 8.6% | 7.9/10 |
| 30 year fixed rate | 8.3% | 8.4% | 8.5% | |
| 15 year fixed rate | 8.2% | 8.4% | 8.4% | |
| 10 year fixed rate | 8.2% | 8.3% | 8.3% | |
| Satisfaction | 8.8/10 | 8.3/10 | 7.9/10 |
Source: MFP’s Community Home Equity Rates Survey of 6,210 members in August 2024
Members Satisfaction Survey
The survey collect information after members got a home equity loan. We collected data on the following points:
Equity Loan Rate & Fee Satisfaction:
Interest Rate: Satisfaction about the equity interest rate they received vs the rate they were offered.
Overall Fees: Satisfaction with the total fees associated with the loan.
Process Evaluation:
Application Process: Ease of completing the application process.
Communication: Clarity and frequency of communication from the lender throughout the process.
Speed: Speed of the overall home equity process.
Overall Satisfaction: Rating for the loan experience with this lender.