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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.
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.
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.