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CREDIT SCORE
HELOCs
LIVE RATE6.99% APRfor qualified borrowers · No hard credit pull
📋 Reviewed by WiseIQ Editorial Team · Updated April 2026 · Editorially independent
Sources & Methodology
WiseIQ's editorial team researches and fact-checks all content using primary sources. Our recommendations are based on independent analysis and are not influenced by advertiser relationships.
WiseIQ Expert Tip
A 0.5% difference in mortgage rate on a $350,000 loan saves over $35,000 in interest over 30 years. Always get at least 3 quotes before choosing a lender.
Important — Not a Mortgage Broker: WiseIQ is not a mortgage broker and does not originate home equity loans or lines of credit. Clicking through to a lender initiates a direct relationship between you and that lender. WiseIQ does not guarantee approval or specific loan terms. Product availability and terms vary by state. This comparison service may not be available to residents of all states. Always verify current terms directly with the lender before applying.
A 640–659 credit score gives you limited but real HELOC options. See which lenders accept fair credit and what you can realistically expect.
Advertiser Disclosure: WiseIQ earns a referral fee when you apply through links on this page. Rankings are based on value to the borrower, not commission size.
Best HELOC Lenders for 640–659 Credit Score
640
Fair Credit Range
HELOC Options at This Score
What to Expect
Fair credit opens more doors. You'll qualify for most standard loan products, though rates will be higher than average.
Rate Impact
Rates typically run 3–8% above prime.
💡 Top Tip for 640 Credit
Keep credit utilization below 30% and avoid applying for multiple products at once.
Timeline: 6–12 months of responsible credit use can move you to good credit.
3 lenders accept a 640–659 credit score. Ranked by value for this credit tier.
How we rank: Products are ranked by credit score fit, rates, fees, and features — not by commission size. See full methodology →
UP
Upstart HELOC
Upstart Mortgage
Top Pick for Fair Credit — Based on WiseIQ\'s Methodology
Variable APR
8.25%–18.00%
Credit Line
$15K–$500K
Min. Credit Score
620
Accepts 640–659 credit scores
AI underwriting — looks beyond credit score
No origination fee
Fast online application
FI
Figure HELOC
Figure Lending LLC
Fastest Funding
Fixed APR
7.85%–15.54%
Credit Line
$20K–$400K
Min. Credit Score
640
Funding in as few as 5 days
Fixed rate — no payment surprises
100% online application
No prepayment penalty
SE
Spring EQ HELOC
Spring EQ LLC
High LTV
Variable APR
8.50%–16.00%
Credit Line
$50K–$500K
Min. Credit Score
640
Up to 95% CLTV — highest available
Borrow more of your equity
Fast approval process
💡 WiseIQ Tip for 640–659 Borrowers
At 640–659, consider whether improving your score by 20–40 points before applying would meaningfully lower your rate. Even a 3-month focused effort on reducing credit utilization can push you into the 680+ tier and unlock significantly better terms.
See your personalized HELOC match
Answer 2 quick questions and see which HELOC you may be eligible for — no credit pull required.
Based on our analysis of thousands of consumer financial profiles, the most common mistake people make is focusing solely on the interest rate without considering total loan cost, fees, and repayment flexibility. Always compare the APR — not just the rate — and read the fine print on prepayment penalties before signing.
What to Know About HELOCs with a 640–659 Score
A 640–659 credit score is fair — your HELOC options are limited but not zero. Figure and Spring EQ both accept scores of 640+, and Upstart accepts 620+. You'll pay higher rates, but if you have significant home equity, a HELOC can still be your most cost-effective borrowing option.
Top Lenders for 640–659 Credit Score
Upstart (620+ — most accessible)
Figure (640+ — minimum threshold)
Spring EQ (640+ — high CLTV available)
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WiseIQ Editorial Team
Reviewed by Certified Financial Planners & Industry Experts
Our editorial team consists of financial writers, CFPs, and former banking professionals dedicated to providing accurate, unbiased financial guidance. All content is fact-checked and updated regularly. Learn about our editorial standards →
Frequently Asked Questions
Can I get a HELOC with a 640–659 credit score?
Yes — 3 of our top-rated HELOC lenders accept a 640–659 credit score. A 640–659 credit score is fair — your HELOC options are limited but not zero. Figure and Spring EQ both accept scores of 640+, and Upstart accepts 620+. You'll pay higher rates, but if you have significant home equity, a HELOC can still be your most cost-effective borrowing option.
What HELOC rate can I expect with a 640–659 score?
With a 640–659 credit score, you can typically expect HELOC rates in the 10.50%–16.50% range, depending on your lender, loan-to-value ratio, and debt-to-income ratio. The exact rate you're offered will depend on your complete financial profile.
Does checking HELOC rates hurt my credit score?
Pre-qualifying to see your rate uses a soft credit pull, which does not affect your credit score. A hard pull only occurs when you formally submit a full application. Always pre-qualify first to compare rates before committing to a full application.
Editorial Disclosure: WiseIQ's editorial team independently researches and recommends financial products. Rates and terms are subject to change — verify current information on the lender's website before applying.
People Also Ask
FICO scores are calculated from: payment history (35%), amounts owed/utilization (30%), length of credit history (15%), new credit/inquiries (10%), and credit mix (10%). Payment history and utilization are the two most impactful factors — focus on these first.
Credit scores range from 300–850. A score of 670–739 is considered "good," 740–799 is "very good," and 800+ is "exceptional." Most lenders offer their best rates to borrowers with scores of 720+. Below 580 is considered poor credit.
You can establish a credit score within 3–6 months of opening your first credit account. Building a good score (670+) typically takes 1–2 years of responsible use. Excellent credit (750+) usually takes 3–5 years of consistent positive history.
The fastest ways to improve your score: pay down credit card balances (reduces utilization), dispute any errors on your credit report, become an authorized user on someone's account, and avoid applying for new credit. Significant improvements can happen in 30–90 days.