The first thing you consider when getting a HELOC or home equity loan is the rate, of course. When applying for a line of credit, you will also want to ask about the initial draw. Some lenders are requiring 80% to 100% immediate withdrawals from HELOCs. You may prefer a “use it as you need it” plan for flexibility — and to save on interest charges. HELOC and home equity loan rates: Friday, March 20, 2026 The average HELOC rate is 7.20%, down three basis points from one month ago, according to real estate ...