3.99% APR108 fixed intro rate for first 6 months (as low as 6.75% APR standard variable rate after)
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2025 Best HELOC Rates: Best for No Fees
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This next-level 3.99% introductory APR108 is built for fast movers, not wait and see-ers. With standard variable rates as low as 6.75% after the intro period, now’s the time to apply for an Alliant HELOC so you can put your plans into action. There are no application fees and no closing costs.45 Note: We only lend against properties in the following states: AZ, CA, CO, CT, FL, GA, HI, IL, IN, KY, MA, MI, MN, MO, NC, NJ, NV, NY, OH, PA, TN, UT, VA, WA, WI, and Washington DC. While Alliant doesn't charge any lender fees or closing costs, certain states (FL, GA, MN, NY, TN and VA) may charge additional state-specific taxes.
Use as a revolving line for:
✓ Home improvements
✓ Debt consolidation
✓ Large purchases
✓ Emergency expenses
✓ Your own path
Refinancing to an Alliant HELOC can save an average of $817 in the first year compared to national averages.15
Your HELOC funds can be accessed digitally on our award-winning mobile and online banking, making moving money or paying contractors a snap.
An Alliant home equity line of credit allows you to borrow up to 85% of the value of your home,97 then the flexibility to borrow what you need, as you need it. Available in most states.45
Alliant gives you 10 years to draw from your line of credit, during which you’ll only pay on the amount you borrow. This is followed by a repayment period up to 20 years.45
As an all-digital credit union, Alliant offers interest rates typically more competitive than a traditional bank.
During the initial 10-year draw period, if you want to pay off principal in addition to the scheduled interest-only payments, you can! And Alliant won’t penalize you if you pay your loan off early.
No closing costs (excluding applicant-ordered appraisals and notary fees) based on Interest-only Home Equity Line of Credit (HELOC) loans up to $250,000 and meeting Alliant criteria. A fee of up to $1,000 is applied to Interest-only HELOC loans more than $250,000. 45
Alliant can reward its members with low HELOC rates and fewer fees because we’re 100% digital and not-for-profit.
Answer a few questions and apply for a HELOC in minutes with our easy breezy application from your smartphone, laptop or tablet.
Note: If you are not an Alliant member already, you will be directed to the member application page prior to the HELOC application process.
You’ll first receive a completion confirmation, followed soon after by an initial loan decision. If your HELOC is "conditionally approved," we’ll ask you to provide a few more documents before a final decision is made.
We’ll send you closing documents via DocuSign (electronically) and FedEx. Once we receive your final autograph, we will fund your HELOC and you can start using your funds any time during your draw period.
Find out how a home equity line credit works and how one could be the answer for home improvements, debt consolidation or being prepared for an unexpected expense.
HELOC loan explained: Everything you need to know
How much can I borrow from my Home Equity (HELOC)?
HELOC draw period: What you should know
Low introductory and standard rates
Introductory fixed rate of 3.99% APR for first 6 months. After intro period, a standard variable rate as-low-as 6.75% APR applies.108
The credit line of your HELOC is based on how much equity you’ve built in your home and other factors. If you’re a homeowner who has years of mortgage payments behind you, you’ve likely built up a significant amount of equity. With a HELOC, you can use that equity as collateral to get a line of credit for home improvements, debt consolidation, educational expenses and more or for the peace of mind of knowing you have a readily accessible safety net for emergencies or unexpected expenses.
Draw period. You can spend against your line of credit for the first 10 years, known as the initial draw period. During that time, your payments will be interest-only and are based on only what you’ve borrowed (you don’t pay on your entire credit limit). As you pay down your balance, the amount you’ve paid off becomes available for use again.
Repayment period. After that 10-year draw period is the repayment period, which is typically 20 years. During the repayment period, you’ll pay both principal and interest, so your payments may be higher than during the draw phase.
Rates. HELOCs are issued at a variable rate of interest, meaning your interest rate can change over the life of your credit line. While your rate can change, there is a rate minimum, or floor, as well as a maximum rate cap over the life of your loan.
Everybody has unexpected expenses or cash shortfalls sometimes. Or maybe you want to consolidate high-interest debts, complete home improvements, or make a large purchase. Instead of emptying your savings accounts or cashing in stocks or other investments, you can use the equity in your home to open an Alliant Home Equity Line of Credit (HELOC). Alliant HELOCs have low interest rates and the flexibility of low monthly payments, too.
The amount of equity you currently have in your home will determine your Home Equity Line of Credit (HELOC) limit. You must retain at least 15% of the value of the equity in your home (sometimes referred to as a 85% LTV maximum). You can make a ballpark estimate of your HELOC maximum by calculating what 85% of your home’s value is, then subtracting your existing mortgage balance(s) from that number.
Yes! You can pay more than your minimum monthly payment to pay back your loan faster. In fact, it’s a smart money move to do so, as you’ll save on the interest you pay over the course of your loan! And Alliant won’t penalize you for paying back your loan earlier than scheduled.
You can transfer money from your HELOC in Alliant online banking, our mobile app or by phone.
After logging in to Alliant online banking, click into your HELOC account. Then select the Manage Account tab and click Order Checks. Select your HELOC account from the account dropdown and press the Continue button, then follow the prompts to select your preferred check layout and shipping options.
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