Home Equity Line of Credit
A line of credit secured by your home. Draw what you need, when you need it, and repay as you go.
Rates change. See Current Rates for today’s figures.
What a HELOC Is
A home equity line of credit gives you a credit limit based on your equity rather than a single lump sum. During the draw period you take what you need and pay interest on what you have used. After that comes a repayment period. The rate is usually variable, which means the payment can change.
What You Should Know
Draw as You Need
Take what you need when you need it, rather than all at once.
Pay Interest on What You Use
Interest applies to the balance you have drawn, not the full limit.
Variable Rate
The rate can move, which means your payment can move too.
Draw Then Repay
A draw period where you can borrow, followed by a repayment period where you pay it down.
Secured by Your Home
Your home is the collateral. Missing payments puts it at risk.
Reusable
As you repay during the draw period, the credit becomes available again.
What to Have Ready
A Waypoint lender will look at your equity, your income, and your credit. A recent mortgage statement is the useful starting point.
- A recent mortgage statement
- Proof of income
- An idea of what the home is worth
Current Rates
Smart HELOC
As low as
4.99%APR²
Fixed Rate Home Equity
As low as
5.74%APR²
HELOC
As low as
6.25%APR²
Land Loans
As low as
7.00%APR²
APR = Annual Percentage Rate. Rates effective 16 September 2026 and subject to change without notice. Your APR may differ based on credit history, term, and loan to value. Not all applicants will qualify for the lowest rate. Equal Housing Lender. NMLS #404962.
Apply for a Home Equity LoanView all home equity rates and terms
| Loan Type | Rate As Low As | APR | Maximum Term (Months) |
|---|---|---|---|
| Fixed Rate Home Equity | 5.74% | 5.740% | 60 |
| Fixed Rate Home Equity | 5.99% | 5.990% | 84 |
| Fixed Rate Home Equity | 5.99% | 5.990% | 120 |
| Fixed Rate Home Equity | 6.25% | 6.250% | 180 |
| Fixed Rate Home Equity | 6.50% | 6.500% | 240 |
| Smart HELOC (6-month introductory rate) | 4.99% | 4.990% | 120 or 180 |
| Smart HELOC (12-month introductory rate) | 5.49% | 5.490% | 120 or 180 |
| Smart HELOC (24-month introductory rate) | 5.99% | 5.990% | 120 or 180 |
| HELOC | 6.25% | 6.250% | 120 or 180 |
| Land Loans | 7.00% to 9.00% | 7.258% to 9.091% | 60 to 240 |
Good to Know
The rate is usually variable
A HELOC rate moves with the market, so your payment can change.
Your balance matters too
The payment also moves with how much you have drawn against the line.
Talk it through with someone who lends here.
Local decisions. No obligation.
A short conversation before you apply tells you what you can realistically borrow and what it will cost. Book a time at any Waypoint branch, or start online and we will pick it up from there.
Important Disclosures
Equal Housing Lender. NMLS #404962.
APR = Annual Percentage Rate. Rates are accurate as of 16 September 2026 and are subject to change without notice. Your APR may differ based on credit history, credit worthiness, collateral year, term of loan, loan to value, and fees that may constitute finance charges. Not all applicants will qualify for the lowest rate. Your actual APR will be included in the initial Truth in Lending disclosure.
Land loan rates range from 7.00% to 9.00%, with an APR of 7.258% to 9.091%, over terms of 60 to 240 months.