Open-end home equity lines of credit. Denial rates run far higher on HELOCs than on purchase mortgages, so compare these lenders only with each other.
| # | Lender | Grade | HELOC applications | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Veridian Credit UnionWaterloo, IA | B | 1,752 | 8,725 | 8.9% | 6.49% |
| 2 | Dupaco CommunityDubuque, IA | A | 1,567 | 2,669 | 16.1% | 7.00% |
| 3 | GREENSTATE Credit UnionNorth Liberty, IA | B | 1,082 | 13,829 | 5.9% | 6.50% |
| 4 | Community Choice Credit UnionJohnston, IA | B | 1,025 | 2,653 | 11.8% | 6.13% |
| 5 | U.S. BankCincinnati, OH | D | 601 | 2,720 | 25.7% | 7.00% |
| 6 | Coastal Community BankEverett, WA | C | 595 | 895 | 1.3% | 10.99% |
| 7 | Premier Credit UnionDes Moines, IA | A | 378 | 742 | 12.1% | 7.00% |
| 8 | MidWestOne BankIowa City, IA | A | 346 | 1,488 | 15.4% | 6.00% |
| 9 | Figure LendingCharlotte, NC | C | 338 | 460 | 27.6% | 8.75% |
| 10 | Pennymac Loan ServicesWestlake Village, CA | C | 322 | 1,281 | 13.5% | 6.50% |
| 11 | Greater Iowa Credit UnionAmes, IA | D | 286 | 875 | 17.5% | 6.49% |
| 12 | Spring EqConshohocken, PA | D | 276 | 473 | 50.5% | 9.76% |
| 13 | ASCENTRA Credit UnionBettendorf, IA | C | 260 | 607 | 15.2% | 6.50% |
| 14 | Loandepot.ComIrvine, CA | D | 250 | 742 | 36.1% | 6.99% |
| 15 | Broker SolutionsTustin, CA | D | 212 | 2,386 | 6.4% | 6.75% |
| 16 | Northwest BankSpencer, IA | A | 211 | 2,181 | 5.7% | 6.38% |
| 17 | Collins Community Credit UnionCedar Rapids, IA | C | 205 | 1,170 | 16.1% | 6.75% |
| 18 | Bank IowaWest Des Moines, IA | C | 202 | 929 | 9.7% | 7.05% |
| 19 | Hills Bank and TrustHills, IA | A | 190 | 3,434 | 6.1% | 6.25% |
| 20 | Empeople Credit UnionMoline, IL | C | 182 | 1,057 | 14.2% | 6.49% |
| 21 | Nationstar MortgageCoppell, TX | C | 166 | 486 | 15.0% | 7.31% |
| 22 | Sofi BankCottonwood Heights, UT | D | 156 | 302 | 8.3% | 7.38% |
| 23 | BMO BankChicago, IL | F | 156 | 439 | 31.9% | 8.83% |
| 24 | LendageSan Mateo, CA | B | 112 | 181 | 9.4% | 10.75% |
| 25 | Rocket MortgagePlymouth, MI | C | 112 | 3,761 | 22.7% | 6.63% |
| 26 | CentrisOmaha, NE | B | 110 | 311 | 21.2% | 6.50% |
| 27 | Bankers TrustDes Moines, IA | B | 100 | 734 | 8.0% | 6.38% |
| 28 | Navy Federal Credit UnionVienna, VA | D | 98 | 496 | 20.0% | 6.38% |
| 29 | FirstHiawatha, IA | C | 95 | 189 | 9.0% | 6.00% |
| 30 | Central BankStorm Lake, IA | A | 94 | 1,121 | 4.5% | 6.63% |
| 31 | Bank of AmericaCharlotte, NC | F | 92 | 395 | 35.7% | 6.24% |
| 32 | Cedar Falls Community Credit UnionCedar Falls, IA | A | 83 | 294 | 5.1% | 5.88% |
| 33 | Financial Plus Credit UnionWest Des Moines, IA | A | 74 | 218 | 7.8% | 5.75% |
| 34 | R.I.A. Federal Credit UnionBettendorf, IA | D | 73 | 205 | 20.0% | 5.75% |
| 35 | MEMBERS1st Community Credit UnionMarshalltown, IA | B | 73 | 291 | 7.6% | 6.54% |
| 36 | The FamilyDavenport, IA | D | 70 | 158 | 21.5% | 7.74% |
| 37 | Better MortgageNew York, NY | F | 64 | 223 | 26.9% | 6.75% |
| 38 | Mutual of Omaha MortgageSan Diego, CA | C | 63 | 353 | 23.2% | 6.50% |
| 39 | First Interstate BankBillings, MT | D | 56 | 426 | 26.1% | 8.13% |
| 40 | I. H. Mississippi Valley Credit UnionMoline, IL | B | 49 | 434 | 9.9% | 6.25% |
| 41 | Fidelity Bank & TrustDubuque, IA | A | 46 | 772 | 3.4% | 5.95% |
| 42 | Great Southern BankReeds Spring, MO | C | 44 | 268 | 19.0% | 6.63% |
| 43 | Two Rivers Bank & TrustBurlington, IA | C | 44 | 338 | 12.7% | 6.99% |
| 44 | Guaranteed RateChicago, IL | B | 42 | 1,023 | 6.7% | 6.50% |
| 45 | BankIowa of Cedar RapidsIndependence, IA | C | 39 | 234 | 6.8% | — |
| 46 | Regions BankBirmingham, AL | C | 38 | 149 | 56.4% | 6.00% |
| 47 | Citizens BankProvidence, RI | C | 36 | 123 | 26.0% | 6.64% |
| 48 | PNC BankWilmington, DE | D | 36 | 127 | 30.7% | 6.38% |
| 49 | Community Savings BankEdgewood, IA | C | 36 | 242 | 14.9% | — |
| 50 | The Security National Bank of Sioux City, IowaSioux City, IA | C | 35 | 327 | 15.6% | — |
Ordered by the number of applications of this type received in 2025 in the state. All figures come from the lenders' own HMDA filings. Full methodology.
