In the third quarter of 2021, the overall average equity of American homeowners climbed by $3.2 trillion.

Over the same period, the average homeowner acquired $56,700 in equity.

Because of the growth in home equity, lenders are giving more HELOCs and other Home Equity Loans.

During the COVID-19 pandemic, several of them cut back on home equity lending.

Spring EQ offers a variety of APRs, with HELOCs starting at 3.99% and home equity loan starts with an APR of 6.48% offers home equity loans with an APR of 5.35% and HELOC at 4%.

FIGURE has a seamless home equity process with fixed rates as low as 3.24% and loans between $15,000 – $400,000.

New American Funding is starting home equity loan from $25,000 with an APR of 3.5% - 18%

Bank of America offers variable home equity rates, and APR is 4.520% in Louisiana and 5.26% in Texas.

HELOC is a revolving line of credit, but Home Equity Loan works as a fixed-term loan.


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