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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.
A 740 credit score puts you in the Very Good range — you'll qualify for the best HELOC rates from virtually all major lenders. Here are the top options for your credit profile.
Very good credit puts you in the top tier of borrowers. You'll qualify for the best rates from nearly all lenders.
You're at or near prime rates.
At this level, the difference between 740 and 800 is minimal — focus on the best product terms, not just the rate.
Timeline: Maintain your habits. Small improvements here have diminishing returns.
Why we recommend it: Best LTV at 95% with competitive rates for 740+ borrowers. Fast online process.
Why we recommend it: Competitive rates with flexible draw and repayment periods.
Why we recommend it: Credit union rates are often lower than banks. 90% LTV available for 740+ borrowers.
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.
Yes. A 740 score is in the Very Good range and qualifies you for the best HELOC rates from most lenders. You're near the top tier for HELOC pricing.
With a 740 score, you'll receive near-prime rates. As of March 2026, the best HELOC rates for 740+ borrowers range from 6.50%–8.50% depending on lender, LTV, and draw amount.
With a 740 score you qualify for both. A HELOC is better if you need flexible access to funds over time. A cash-out refinance is better if you want a fixed rate and a single monthly payment. Compare the total cost of each option based on your current mortgage rate.
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.
Last reviewed: April 2026 | How we rank products →