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HELOC Rates in North Dakota

See current HELOC rates in ND, estimate how much you could borrow against your home equity, and compare a HELOC with a home equity loan or cash-out refinance.

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Current North Dakota HELOC Rates

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Lower offers HELOCs in North Dakota. Borrow up to $500,000. Rates as of October 30, 2026.

How much could you borrow with a HELOC in North Dakota?

A HELOC limit is a share of your home’s value, minus what you still owe on your mortgage. Here’s how that works out on an example North Dakota home worth $500,000, depending on how much you owe and the limit you qualify for.

Estimated HELOC limit on a $500,000 home, by amount owed and loan-to-value limit.

If you owe80% limit85% limit90% limit
50% of value ($250,000)$150,000$175,000$200,000
60% of value ($300,000)$100,000$125,000$150,000
70% of value ($350,000)$50,000$75,000$100,000

How we got these numbers: We use an example $500,000 home so you can scale the math to your own home. It’s the same scenario Lower’s HELOC rate examples are priced on: a $100,000 line behind a $300,000 first mortgage (the “60% of value” row). Each estimate is the home value times the limit, minus the amount owed, capped at $500,000. A “—” means there’s no equity left to borrow at that limit. These are examples, not an offer: your actual limit depends on your appraisal, your mortgage balance, your credit, your debt-to-income ratio and the limit your loan qualifies for. See how much equity you need for a HELOC.

North Dakota HELOC payment examples

Estimated monthly principal and interest at today’s North Dakota HELOC rates of 9.875% (9.875% APR) for the 20-year and 10.250% (10.250% APR) for the 30-year, if you borrow the full amount and repay it over the loan term.

Monthly principal and interest by amount borrowed, at the rates and APRs shown, rates as of October 30, 2026.

Amount borrowed20-year fixed at 9.875% (9.875% APR)30-year fixed at 10.250% (10.250% APR)
$25,000$239$224
$50,000$478$448
$100,000$956$896
$250,000$2,391$2,240

Payments don’t include property taxes or insurance. These fixed-rate HELOCs have a 3-year draw period, then repayment over the rest of the term (17 years on the 20-year, 27 years on the 30-year). The minimum initial draw is $25,000. See draw vs. repayment period.

How a HELOC works

  • A credit line secured by your home. Your limit is based on your equity. What is a HELOC?
  • A 3-year draw period. The minimum initial draw is $25,000. A Lower loan officer can walk you through how draws work on your line.
  • Principal and interest payments. You repay the balance over the loan term at your fixed rate. Today’s examples: 9.875% (9.875% APR) for the 20-year and 10.250% (10.250% APR) for the 30-year. How does a HELOC work?
  • Fixed-rate options. Many lenders’ HELOCs float with the prime rate. Lower’s HELOC rates are fixed for 20- or 30-year terms.
  • A limit based on your equity. Your mortgage balance plus the HELOC can’t go over a set share of your home’s value, and Lower HELOCs go up to $500,000.

HELOC vs. home equity loan vs. cash-out refinance

Three ways to borrow against your home.

HELOCHome equity loanCash-out refinance
How you get the moneyCredit line you draw fromLump sumLump sum at closing
Your current mortgageStays in placeStays in placeReplaced by a new, larger loan
RateFixed at Lower; variable at many lendersUsually fixedFixed or adjustable
Good fit forCosts that come in stagesOne large, known costLowering your rate and taking cash at once

Compare in detail: HELOC vs. home equity loan · HELOC vs. cash-out refinance.

Frequently Asked Questions

Can I get a HELOC in North Dakota?

Yes. Lower offers home equity lines of credit in North Dakota, up to $500,000. How much you can borrow depends on your home’s value, what you owe on your mortgage and your credit.

What are HELOC rates in North Dakota today?

Lower’s North Dakota HELOC rates as of October 30, 2026 are 9.875% for a fixed 20-year HELOC (9.875% APR) and 10.250% for a fixed 30-year HELOC (10.250% APR). Your rate depends on your credit, how much of your home’s value you borrow, and the property.

How much equity do I need for a HELOC in North Dakota?

Your mortgage balance plus the HELOC has to stay under a set share of your home’s value. For example, on a $500,000 home where you owe 60% of the value, a 90% limit leaves about $150,000 to borrow. Your actual limit depends on your appraisal, credit and debt-to-income ratio.

What is a HELOC draw period?

The draw period is when you can take money from the line. Lower’s fixed-rate HELOCs have a 3-year draw period and a $25,000 minimum initial draw. After the draw period, you repay the balance over the rest of the 20- or 30-year term with principal and interest at your fixed rate. Today’s North Dakota examples: 9.875% (9.875% APR) for the 20-year and 10.250% (10.250% APR) for the 30-year.

Is HELOC interest tax-deductible?

Under current federal rules, HELOC interest is generally deductible only if you use the money to buy, build or substantially improve the home that secures the loan, and you itemize. Interest on money used for other purposes, like paying off credit cards, generally isn’t deductible. Ask a tax advisor about your situation.

Can I get a HELOC on an investment or rental property in North Dakota?

Yes, HELOCs are available on investment and rental properties, though requirements and rates can differ from a primary home.

How long does it take to get a HELOC in North Dakota?

It depends mostly on how quickly the appraisal, title work and underwriting are done. On a HELOC secured by your primary home, federal law gives you three business days after closing to cancel, so funds are available after that.

Rates: Lower, as of October 30, 2026. Examples only; not an offer of credit. Lower, LLC, NMLS #1124061.

Find Out Why North Dakota Loves Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
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5.0

Erik is extremely knowledgeable in all aspects of home mortgage and financial matters. His guidance throughout our HELOC process was outstanding and he was able to make the complicated process of the loan very simple for us. We are very satisfi…ed with Erik and will definitely use him again when the need arises. Ken and Mary Moriarty Colleyville, TX

Ken M.

Verified Customer

September 17, 2026

5.0

Farryl was responsive, patient, and worked hard through a complicated process. She kept me updated, found solutions when issues came up, and helped get the HELOC completed successfully.

Tobi M.

Verified Customer

July 18, 2026

5.0

Farryl was excellent to work with. She was patient, responsive, and stayed involved through a complicated HELOC process. She kept me updated, helped solve every issue, and made sure the transaction was completed successfully. I truly appreciate… her professionalism and dedication.

Tobi N.

Verified Customer

July 19, 2026

5.0

Christine expedited approval for my HELOC and delivered my funds in record time. Thank you Christine!

Jeffrey L.

Verified Customer

June 27, 2026

5.0

I worked with Miquel Esersky on a HELOC loan. The experience was great, easy application, quick approval, great deal and it funded in 7 days from application. I highly recommend Miquel and The Esersky Group for real estate loans!

Brian B.

Verified Customer

March 24, 2026

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