Updated: January 14, 2025
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Tappable equity is the portion of your home’s value you can borrow. A home equity loan (HEL) lets you access this equity to fund home improvements or consolidate debt.
Nevada's home equity loan rates are above national averages — 8.3% APR for a 10-year term (7.7% nationally) and 8.2% APR for a 15-year term (7.9% nationally). Learn more about current rates in Nevada, including city-specific rates, top lenders and tips for securing the best deal.
Higher loan-to-value (LTV) ratios often lead to higher rates. However, the average APR for a 15-year HEL in Nevada is 8.2% for 80% and 90% LTVs.
HEL rates vary by city in Nevada. For 15-year loans, Henderson has an average APR of 7.9%, while Sparks' is 8.6%.
Lenders offer different rates for the same loan types. InTouch Credit Union's average APR is 6.5%, while Plus Credit Union's is 9.7%.
MoneyGeek examined 15 different banks and credit unions in Nevada using S&P Global's SNL Depository Rates dataset to stay current on the latest home equity loan rates.
This data is accurate as of January 2025.
The current average APR for a 15-year home equity loan in Nevada is 8.2%, but various factors can influence lenders' rates. A higher credit score typically means a lower APR, while larger loan amounts may result in higher rates. Repayment terms also affect the APR. Use the table below to compare average APRs for home equity loans in Nevada by loan term.
| 10Year | 8.3% |
| 15Year | 8.2% |
| 5Year | 8.0% |
Home equity loan rates change daily, so keeping track can help you save on interest and ensure you borrow within your means.
For example, a 15-year home equity loan with an 8.2% APR has a monthly payment of $484 and a total interest of $37,051. A 10-year loan with an 8.3% APR has a monthly payment of $615 and a total interest of $23,751.
Home equity loans (HELs) and home equity lines of credit (HELOCs) allow homeowners to access their home's equity. HELOC rates in Nevada are variable, averaging 8.6%, while HELs have fixed rates, averaging 8.3%.
Fixed rates ensure consistent monthly payments, providing financial predictability. Variable HELOC rates may start lower but rise over time, potentially increasing monthly payments.
The rate you qualify for depends on your loan-to-value (LTV) ratio, which compares your mortgage balance to your home's appraised value. To calculate it, divide your mortgage balance by your home's value and multiply by 100. For example, if your home is worth $300,000 and you owe $240,000, your LTV ratio is 80%.
Lenders view higher LTV ratios as riskier, often leading to higher rates. However, Nevada's average APR for a 15-year home equity loan is 8.2% for 80% and 90% LTVs. Check the table for average rates based on your LTV ratio.
| 8.2% | 8.2% |
Average APRs vary by city in Nevada. Increased lender competition can lower interest rates in larger or more densely populated cities. Differences in property taxes and local fees can also affect rates and overall borrowing costs.
For example, Henderson's average APR is 7.9%, while Minden's is 8.4%. The table below shows the average home equity loan rates across Nevada cities for different terms.
| 10Year | 8.4% |
| 15Year | 8.4% |
| 5Year | 8.1% |
Home equity loan rates in Nevada vary between lenders due to their individual policies, risk assessments and market strategies. For instance, InTouch Credit Union offers the lowest average APR at 6.5%, while Plus Credit Union has the highest at 9.7%.
Compare rates and terms from different lenders to find the best deal. Use the interactive table below to discover the most competitive lenders in your city.
| InTouch Credit Union | 6.5% |
| Navy Federal Credit Union | 7.6% |
| Mountain America Federal Credit Union | 7.7% |
| America First Federal Credit Union | 8.0% |
| Rize Federal Credit Union | 8.1% |
| U.S. Bank National Association | 8.2% |
| Operating Engineers Local Union #3 Federal Credit Union | 8.3% |
| BMO BANK NATIONAL ASSOCIATION | 8.9% |
| UNIFY Financial Federal Credit Union | 9.4% |
| Silver State Schools Credit Union | 9.5% |
| Plus Credit Union | 9.7% |
Including credit unions in your home equity lender options can be beneficial. Commercial banks in Nevada have an average APR of 8.4%, while credit unions offer a slightly lower rate of 8.2%. However, credit unions often have stricter membership requirements.
Getting the best home equity interest rates can reduce your monthly payments and overall costs, freeing up funds for other financial goals. To secure the best rates, consider these strategies:
Lenders may offer different APRs for the same loan amount and credit profile. InTouch Credit Union has an average APR of 6.5%, while United Federal Credit Union offers 8.6%. Compare different home equity loan providers to find better rates.
Having more equity in your home can result in more competitive rates from lenders. Nevada homeowners can increase their equity by adding outdoor living spaces or solar panels.
Increasing your credit score can lead to more competitive home equity loan rates. Pay bills on time and reduce credit card debt to improve your credit score. The average credit score in Nevada is 691, according to Experian.
A lower debt-to-income (DTI) ratio — the percentage of your monthly income used to pay debts — can lead to better rates, as lenders see you as a less risky borrower.
Provide your income and recurring payments to calculate your DTI.
Enter all applicable payments to ensure accurate results.
MoneyGeek provides Nevada homeowners with reliable answers to their questions about home equity loan rates.
As of January 2025, the average APRs for home equity loans in Nevada are 8% for five-year, 8.3% for 10-year and 8.2% for 15-year terms. The rate you qualify for may vary based on factors such as your credit score.
To calculate your home equity, subtract your outstanding mortgage balance from your property's current market value. Understand home equity requirements to determine your loan eligibility.
Yes, rates can vary. For example, Henderson's average APR is 7.9%, while Minden's is 8.4% as of January 2025.
Home equity loan interest may be tax-deductible if the loan is used for home improvements, subject to IRS rules.
Drawbacks can include the risk of foreclosure if you default and potential fees associated with the loan.
The process to secure a home equity loan can take several weeks, depending on the lender and your preparedness.
Ensure you meet the eligibility for a home equity loan and credit score requirements. Then, apply with a lender.
Funds can be used for home improvements, debt consolidation or other major expenses. However, some lenders may impose restrictions.
You can apply for a home equity loan on primary residences and other properties, but terms may vary.
Consider a HELOC or a cash-out refinance as another type of loan to access your home's equity.
A HELOC offers a draw period and may include an annual fee, while a home equity loan provides a lump sum with fixed interest rates.
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.
