Best HELOC Lenders of 2024

Why We Picked This

Farmers Bank of Kansas City is a branch of Farmers Bank & Trust. While it started with a focus on agricultural lending, today it offers a range of lending products, including home and business loans.

Alternative to Farmers Bank of Kansas City

Citizens mortgages are a good alternative if you want a discount for automatic payments. Citizens offers a 0.125 percentage point interest rate discount to eligible mortgage borrowers who set up automatic payments, but you may need to pay from a Citizens checking account depending on where you live.

Why We Picked This

New American Funding is a mortgage lender offering a variety of home loan options to homebuyers and homeowners nationwide except for Hawaii and New York. The company, founded in 2003 and based in Tustin, California, has originated more than $66 billion in mortgages to date.

Alternative to New American Funding

If you don't want any surprises on fees, Ally Bank is a good alternative. Ally Bank charges no lender fees on its mortgages.

Why We Picked This

Pentagon Federal Credit Union, widely known as PenFed, offers borrowers access to many types of mortgages: conventional, adjustable rate, jumbo and Department of Veterans Affairs, plus refinancing loans and home equity lines of credit. The financial institution, which serves 2.9 million members, was established in 1935 and is based in Tysons, Virginia.

Alternative to PenFed Credit Union

For qualifying service members or veterans seeking a Department of Veterans Affairs loan, Veterans United Home Loans is worth considering. Veterans United operates nationwide and specializes in VA loans.

Why We Picked This

U.S. Bank is based in Minneapolis, Minnesota, tracing its roots back to 1863. The lender provides various banking products and services as well as a handful of mortgage options. The lender offers conventional loans, Federal Housing Administration loans, Department of Veterans Affairs loans, jumbo loans and more.

Alternative to U.S. Bank Mortgage

If you want an idea of what your interest rate would be before you apply for a mortgage, TD Bank is worth consideration. TD Bank will give you a personalized rate quote before you apply.

Why We Picked This

Chase, one of the world's largest banks, was founded in 1799 in New York and offers fixed-rate, refinance and other mortgage loans.

Alternative to Chase

If you need a mortgage loan but can't make a down payment, Alliant Credit Union is worth considering. Alliant Credit Union offers no-down-payment loans to first-time homebuyers, but you'll need excellent credit to qualify.

Why We Picked This

Guaranteed Rate, founded in 2000 and based in Chicago, offers mortgage options including conventional loans, FHA loans, jumbo loans and interest-only loans to customers in all 50 states and Washington, D.C. Borrowers can take advantage of specialized loan products and Guaranteed Rate's online application, documentation and loan payment options.

Alternative to Guaranteed Rate

If you're looking for a home equity loan, Farmers Bank of Kansas City is worth considering. Farmers Bank of Kansas City offers home equity loans and home equity lines of credit of up to a 100% loan-to-value ratio.

Why We Picked This

PNC Bank is one of the largest banks in the United States and serves customers in all 50 states and the District of Columbia. A full-service mortgage lender, PNC offers most mortgage loan product types.

Alternative to PNC Bank

If you prefer to work with a credit union over a large bank, PenFed Credit Union is worth considering. PenFed offers a full selection of mortgage products nationwide along with broker-paid closing credits, and anyone can easily join by opening a savings account with the credit union and depositing $5.

Why We Picked This

Navy Federal Credit Union serves more than 13 million active-duty and retired military, veteran, and Department of Defense members as well as their families. Founded in 1933 and based in Vienna, Virginia, this not-for-profit credit union offers a range of products, from credit cards to auto loans. Navy Federal is the largest credit union in the U.S., with $165 billion in assets and 354 branches worldwide.

Alternative to Navy Federal Credit Union

If you want to work with a credit union but don't qualify for membership with Navy Federal, PenFed Credit Union is a good alternative. PenFed offers a wide variety of mortgage products nationwide and anyone can easily join by opening a savings account with the credit union and depositing $5.

Why We Picked This

Founded as the First National Bank of Memphis in 1864, First Horizon is one of the 40 largest banks in the U.S. as of the end of September 2023, according to the Federal Reserve. First Horizon offers both personal and business banking services including a big selection of home lending products. Home borrowers looking for a government-backed loan, a conventional home loan, or those refinancing or building a new construction can find options with First Horizon.

Alternative to First Horizon Bank

CMG Financial is a good alternative if you want a more digital experience. CMG offers a range of digital tools via its website and app that can help you through the mortgage process.

Why We Picked This

Founded in 2008, OneTrust Home Loans is a privately owned direct lender that offers a variety of home loan options. This San Diego-based lender, which began as CalCon Mutual Mortgage before rebranding in 2013, places an emphasis on customer service.