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 | Black Hills Federal Credit UnionRapid City, SD | D | 301 | 1,223 | 23.0% | 7.75% |
| 2 | U.S. BankCincinnati, OH | D | 175 | 637 | 24.0% | 6.99% |
| 3 | First Bank & TrustBrookings, SD | C | 118 | 1,320 | 11.2% | 6.63% |
| 4 | Figure LendingCharlotte, NC | C | 102 | 146 | 34.9% | 7.85% |
| 5 | Pennymac Loan ServicesWestlake Village, CA | C | 101 | 345 | 9.6% | 6.63% |
| 6 | First PREMIER BankSioux Falls, SD | C | 101 | 1,389 | 11.7% | 6.88% |
| 7 | Coastal Community BankEverett, WA | C | 91 | 162 | 1.2% | 9.49% |
| 8 | First Interstate BankBillings, MT | D | 86 | 615 | 26.2% | 8.25% |
| 9 | Sofi BankCottonwood Heights, UT | D | 82 | 121 | 5.8% | 7.93% |
| 10 | Discover BankGreenwood, DE | F | 73 | 133 | 54.9% | 8.95% |
| 11 | Levo Federal Credit UnionSioux Falls, | B | 69 | 644 | 6.8% | 7.50% |
| 12 | Loandepot.ComIrvine, CA | D | 64 | 164 | 34.2% | 6.75% |
| 13 | Plains Commerce BankSioux Falls, SD | B | 53 | 2,280 | 5.5% | 6.25% |
| 14 | CorTrust BankMitchell, SD | B | 52 | 313 | 6.7% | — |
| 15 | Nationstar MortgageCoppell, TX | C | 50 | 131 | 13.7% | 8.25% |
| 16 | Navy Federal Credit UnionVienna, VA | D | 42 | 191 | 17.8% | 6.38% |
| 17 | BankwestPierre, SD | F | 37 | 786 | 14.0% | 7.25% |
| 18 | Rocket MortgagePlymouth, MI | C | 36 | 1,027 | 16.9% | 6.75% |
| 19 | First International Bank & TrustWatford City, ND | B | 35 | 610 | 4.1% | 6.50% |
| 20 | Citizens BankProvidence, RI | C | 34 | 143 | 23.1% | 6.88% |
| 21 | Broker SolutionsTustin, CA | D | 34 | 193 | 16.6% | 6.63% |
| 22 | Dacotah BankAberdeen, SD | B | 30 | 512 | 5.9% | 6.63% |
| 23 | Better MortgageNew York, NY | F | 29 | 59 | 17.0% | 7.69% |
| 24 | Lakeview Loan ServicingCoral Gables, FL | C | 29 | 155 | 44.5% | 6.25% |
| 25 | Crosscountry MortgageCleveland, OH | B | 28 | 239 | 4.2% | 6.75% |
| 26 | Central BankStorm Lake, IA | A | 28 | 394 | 5.1% | 6.50% |
| 27 | Mission LoansColumbus, OH | D | 25 | 51 | 2.0% | 8.75% |
| 28 | American Bank & TrustSioux Falls, SD | C | 24 | 613 | 11.9% | 6.63% |
| 29 | First Dakota National BankYankton, SD | A | 23 | 690 | 4.6% | 6.50% |
| 30 | Bank of AmericaCharlotte, NC | F | 22 | 76 | 26.3% | 6.49% |
| 31 | Bluestone Federal Credit UnionSioux Falls, SD | – | 21 | 61 | 4.9% | — |
| 32 | AspenRapid City, SD | – | 16 | 102 | 5.9% | 7.25% |
| 33 | The First National Bank in Sioux FallsSioux Falls, SD | A | 16 | 196 | 2.0% | — |
| 34 | Guaranteed RateChicago, IL | B | 16 | 280 | 8.9% | 6.38% |
| 35 | Fairway Independent MortgageMadison, WI | B | 16 | 490 | 2.2% | 6.25% |
| 36 | Mutual of Omaha MortgageSan Diego, CA | C | 15 | 90 | 24.4% | 6.49% |
| 37 | BMO BankChicago, IL | F | 12 | 92 | 27.2% | 8.68% |
| 38 | Wells Fargo BankCharlotte, NC | B | 11 | 217 | 17.5% | 6.50% |
| 39 | Finance of America ReverseTulsa, OK | C | 9 | 12 | 8.3% | 6.25% |
| 40 | Northern Hills Federal Credit UnionSturgis, SD | – | 9 | 33 | 9.1% | — |
| 41 | Black Hills Community BankRapid City, SD | C | 9 | 167 | 9.6% | — |
| 42 | Minnwest BankRedwood Falls, MN | C | 8 | 66 | 9.1% | 7.40% |
| 43 | Security National Bank of South DakotaNorth Sioux City, SD | – | 8 | 91 | 16.5% | — |
| 44 | First National Bank of OmahaOmaha, NE | C | 8 | 94 | 19.2% | 6.88% |
| 45 | CMG MortgageSan Ramon, CA | A | 8 | 919 | 2.3% | 6.38% |
| 46 | American FinancingAurora, CO | D | 7 | 61 | 31.2% | 6.25% |
| 47 | Spring EqConshohocken, PA | D | 6 | 10 | 80.0% | 7.20% |
| 48 | CitibankSioux Falls, SD | B | 6 | 13 | 23.1% | 8.19% |
| 49 | New Day FinancialWest Palm Beach, FL | F | 6 | 135 | 23.7% | 6.88% |
| 50 | Farm Credit Mid-AmericaLouisville, KY | D | 6 | 143 | 12.6% | 7.00% |
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.
