HELOC rates in Nevada rose from around 4.5% in 2020 to 9.6% by late 2023, slightly decreasing to 9.1% in November 2024. If this trend continues, homeowners may face higher borrowing costs, so consider locking in a rate soon.
HELOC
Best HELOC Rates in Nevada (January 2025)
Updated: January 25, 2025
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Key Takeaways
Higher loan-to-value (LTV) ratios lead to higher rates. The average APR for a HELOC in Nevada with an 80% LTV is 8.3%, compared with 9.0% for a 90% LTV.
HELOC rates vary by city in Nevada. Fallon has an average APR of 7.7%, whereas Pahrump's is 9.3%.
Different lenders offer varying rates for the same loan types. 1st United Credit Union's average APR is 5.8%, whereas Meadows Bank's is 10.5%.
Current HELOC Rates in Nevada
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HELOC Rates in Nevada by LTV Ratio
HELOC rates in Nevada depend on your loan-to-value (LTV) ratio and line limit. A lower LTV indicates more equity, reducing lender risk. For instance, with a 75% LTV, you've borrowed less against your home's value, minimizing the chance to default on your HELOC.
The table below lets you filter between different loan amounts, giving you a clearer view of your potential qualifications.
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Line Limit:$100,000
| 8.6% | 9.6% |
HELOC Rates in Nevada by City
HELOC rates in Nevada differ by city due to local housing markets and lender competition. For instance, a city with a stable real estate market might offer lower rates, reducing lender risk.
Use the table below to filter by your city and see average APRs for $50K and $100K HELOCs.
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City:Las Vegas
| $100,000 | 8.7% |
| $50,000 | 8.8% |
HELOC Rates in Nevada by Lender
HELOC interest rates in Nevada vary due to different pricing strategies and risk assessments among lenders in Nevada. The table below highlights the five lenders offering the lowest average APRs, enabling you to compare competitive rates.
| 1st United Credit Union | 6.0% |
| Plus Credit Union | 7.8% |
| Western Alliance Bank | 7.8% |
| Clark County Credit Union | 8.0% |
| Operating Engineers Local Union #3 Federal Credit Union | 8.0% |
HELOC rates today can differ between lenders within the same city. Use the table below to filter data by city and compare APRs, helping you find the best rate for your needs.
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City:Las Vegas
| Plus Credit Union | Credit Union | 7.8% |
| Western Alliance Bank | Commercial Bank | 7.8% |
| Operating Engineers Local Union #3 Federal Credit Union | Credit Union | 8.0% |
| Clark County Credit Union | Credit Union | 8.0% |
| Rize Federal Credit Union | Credit Union | 8.0% |
| Silver State Schools Credit Union | Credit Union | 8.0% |
| Valley Bank of Nevada | Commercial Bank | 8.0% |
| Mountain America Federal Credit Union | Credit Union | 8.5% |
| WestStar Credit Union | Credit Union | 8.5% |
| Aloha Pacific Federal Credit Union | Credit Union | 8.5% |
| Zions Bancorporation | Commercial Bank | 8.5% |
| InTouch Credit Union | Credit Union | 8.5% |
| BMO BANK NATIONAL ASSOCIATION | Commercial Bank | 8.9% |
| Navy Federal Credit Union | Credit Union | 9.1% |
| America First Federal Credit Union | Credit Union | 9.2% |
| City National Bank | Commercial Bank | 9.3% |
| UNIFY Financial Federal Credit Union | Credit Union | 9.4% |
| U.S. Bank National Association | Commercial Bank | 9.5% |
| Meadows Bank | Commercial Bank | 10.5% |
| Bank of America | Commercial Bank | 10.6% |
COMPARING HELOC RATES IN NEVADA: BANKS VS. CREDIT UNIONS
HELOC rates in Nevada vary between banks and credit unions, with banks typically offering higher rates. Currently, commercial banks in Nevada have an average HELOC rate of 9.0%, while credit unions offer a lower average rate of 8.3%. Credit unions are not-for-profit institutions, which often enables them to provide more competitive rates.
When choosing between the two, consider more than just rates. Banks may offer greater convenience, but credit unions often provide better customer service and lower fees. Also, check membership requirements for credit unions and any hidden fees or rate adjustment clauses with both lenders.
Ask the experts:
How do changes in the Federal Reserve’s interest rates impact HELOC rates, and what should homeowners expect if rates rise or fall?
Credit & Mortgage Expert
The current Federal Fund rate has a direct impact on the rate you get or have on a HELOC. So if rates increase or decrease, your HELOC rate will follow. Recently the Federal Reserve decreased the Federal Fund rate by 0.5%, and about a week or two later, the rate on my HELOC decreased by 0.5%.
HELOC Payment Calculator
HELOCs have become a popular tool for homeowners across the U.S. looking to tap into their home's equity. Use our Nevada HELOC payment calculator to determine your monthly payments based on amount draws, loan terms, and APR. The calculator provides an amortization schedule and shows the division between principal and interest over time. This helps you manage your HELOC effectively and plan your finances better.
Nevada HELOC Payoff Calculator
This HELOC payment calculator assumes that you take out one lump sum at the start of your interest-only period. Your actual payoff schedule will vary depending on your interest rate and market conditions.
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How to Get the Best HELOC Rates in Nevada
Finding the best HELOC rates in Nevada can help you save significantly over the life of your loan. For example, securing a lower rate can reduce monthly payments, freeing up funds for other expenses. Consider these five strategies to secure the most competitive rate:
Maintain a strong credit score
The average credit score in Nevada is 702. Improving it can help secure better rates from lenders.
Compare offers from multiple lenders
Shopping around can reveal competitive rates and provide leverage to negotiate better terms.
Reduce your debt-to-income (DTI) ratio
Lower debt-to-income (DTI) ratios show stability. Paying off debt can improve your chances for a lower rate.
Increase your home equity
More equity means less risk for lenders. Paying down your mortgage or making home improvements can help.
Review closing costs and rate caps
Closing costs affect expenses. Understanding rate caps helps manage costs as rates change.
HELOC Loan Rates vs. Home Equity Loan Rates in Nevada
HELOC interest rates in Nevada average 8.5%, slightly higher than home equity loan rates at 8.2%. This difference stems from the variable rate structure of HELOCs compared to the fixed rates of home equity loans.
- HELOCs are flexible, revolving credit lines with variable interest rates, susceptible to increases in rising interest rate environments, potentially affecting homeowners' finances over time.
- By contrast, home equity loans offer a lump sum at a fixed rate, ideal for those who prefer financial certainty and have specific large expenses.
When deciding between these options, consider your financial goals, risk tolerance, and whether you value the flexibility of a HELOC or the predictability of a home equity loan. Both allow you to borrow against your home's equity, so weigh the pros and cons to find the best fit for your needs.
CONSIDERING A HELOC ALTERNATIVE? TRY A CASH-OUT REFINANCE
Cash-out refinance is a HELOC alternative that replaces your existing mortgage with a new, larger loan, providing access to cash. Unlike HELOCs or home equity loans, it creates a new primary mortgage.
For instance, if you have a loan backed by the Federal Housing Administration (FHA) and your home is valued at $300,000 with a $150,000 mortgage balance, an FHA cash-out refinance for $200,000 could give you $50,000 in cash, but your new loan payments will be based on $200,000.
FAQ: Best HELOC Rates in Nevada
What are the current HELOC rates in Nevada and how do they compare to national rates?
The average Nevada's HELOC rates is 8.5%, slightly higher than the national average of 8.2%.
What fees are commonly associated with HELOCs in Nevada?
Common fees include application, appraisal, annual, and early closure fees, though specifics can vary by lender.
How do HELOC rates in Nevada compare to home equity loan rates?
HELOC rates in Nevada average 8.5%, while home equity loan rates are slightly lower at 8.2%, which may be favorable for those with bad credit.
How do HELOC Rates in Nevada vary between banks and credit unions?
Commercial banks in Nevada offer HELOC rates averaging 9.0%, while credit unions offer lower rates at 8.3%.
What's the best HELOC rate in Las Vegas? How does it compare to the current HELOC rate in Nevada?
Las Vegas's rates average 8.4%, which is slightly below the state average of 8.5%.
MoneyGeek examined 28 different banks and credit unions in Nevada using S&P Global's SNL Depository Rates dataset to stay current on the latest home equity line of credit rates.
This data is accurate as of January 10, 2025.
28Lenders Analyzed
About Zachary Romeo, CBCA
Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.
Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.