PenFed's HELOC starts at 7.000% variable in October 2026, with $25,000 to $500,000 lines, a 10-year draw, a $99 annual fee and most closing costs paid. Membership is required.
The Achieve HELOC is a fixed-rate line from $15,000 to $700,000 with a 600 minimum credit score in 31 states. Closing costs run $750 to $10,304, and you draw the whole line up front.
The real HELOC alternatives with no monthly payment: home equity agreements, reverse mortgages and selling, and the look-alikes that still have a payment.
What a 100K home equity loan payment costs each month at rates from 6% to 12% and terms from 5 to 30 years, plus HELOC interest-only payments, computed from the standard formulas.
Home equity loan vs home equity investment, worked in dollars: the monthly payment on a $50,000 loan next to what a home equity agreement costs at settlement.
Current is a fintech with Paycheck Advance up to $1,000, early direct deposit and a $75 bonus with code WELCOME75 for $1,500 or more in direct deposits. Here is who it fits.
CIT Bank's Platinum Savings pays 3.75% APY on balances of $5,000 or more and 0.25% under that, with $100 to open. Rates are as of July 1, 2026. Here is who it fits.
