Alliant
4.0
4.0
MoneyAtlas
Rating
Pros
No or low fees: Alliant doesn't charge application, appraisal, or closing fees on HELOCs up to $250,000
Interest-only payments: The interest-only option allows you to make lower payments during the 10-year draw period
Pre-qualification: You can see what rates you might be eligible for without affecting your credit score
Cons
No fixed-rate option: Alliant does not offer a fixed-rate HELOC, meaning your interest rate can change
Membership required: You must be a member of Alliant Credit Union to apply for a HELOC