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Why do most banks don't offer HELOCs?

I want to know if anyone has a good experience with HELOCs. I’m aware that most banks don’t offer HELOCs anymore and I just started doing research about it. Thanks in advance. by jeremy794 from Eastport, Idaho. Oct 14th 2022 Reply


Stephen McWilliam (StephenMcWilliam)
#136 ranked lender in Florida - 48 contributions

There are lots of HELOC options. Send me an email with your specifics and I can attempt to direct you in the correct direction as it appears you may be in Idaho and we only originate in Florida. STEVE@FSMG.US

Oct 17th 2022
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Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

Jeremy - thanks - there are still many HELOC lenders ...these lenders normally will only allow a HELOC to be on a primary residence and also most heloc lenders are maxing the combined loan to value at 80-90% of value ....HELOC rates normally tied to PRIME rate ( 6.25% now ) and most helocs allow interest only payments

Oct 17th 2022
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