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Huntington Bank offers no-application-fee home equity loans and HELOCs with no closing costs and rate discounts, but they’re only available in select states, and the lender’s customer marks aren’t the greatest.
Loan products offered | Home equity loan, HELOC |
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Minimum credit score | Home equity loans and HELOCs: Varies by borrower, but ideally in the high 600s |
APR range | Home equity: 6.09% to 8.17% APR HELOC: 2.96% to 18% APR APR |
Repayment terms | Home equity: 5, 10, 15 or 20 years HELOC: 10-year draw and 20-year repayment period |
Loan limits | Home equity: $10,000 to $750,000 HELOC: $10,000 to $750,000 |
State availability | Only available in: CO, FL, IL, IN, KY, MI, MN, OH, PA, WI, WV |
If you’re after a low-cost HELOC, Huntington Bank may be a good option, especially if you already do your checking and have annuity investments with the lender. While qualifying for its discount programs isn’t easy, if you do have a qualifying balance, you only have to pay third-party fees to establish your account.
But Huntington’s interest rates on home equity loans are significantly higher than other lenders we’ve looked at, and its customer service is lacking.
Huntington offers two relationship discounts for HELOCs to its new and existing bank customers.
Huntington Bank offers the following types of home equity products.
To find out if you’re eligible for a Huntington Bank home loan, you need to contact the bank, but basic eligibility for a mortgage with the company includes:
Expect the following fees from Huntington Bank:
BBB rating | A+ |
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Trustpilot rating | Poor |
Customer reviews verified as of | 03 May 2022 |
As of May 2022, Huntington Bank has a 1.9 star TrustScore from Trustpilot from only 28 reviews and a 1.16 out of 5 customer rating on the Better Business Bureau (BBB) website from 266 customers. Huntington Bank has been accredited with the BBB since 1921 and has an A+ business rating, but 1,043 customers have filed complaints against the bank in the past three years. It scores a little better on Wallethub, earning 3.1 out of 5 stars from 488 reviewers.
Online reviews paint a mixed picture. While many report positive experiences with the bank’s customer service team, others complain of delayed loan applications and poor service. One HELOC customer mentioned receiving good service and rates during the application process but complained it was difficult to make payments online due to outdated systems and processes.
In following this up, we spoke with a lending officer at the bank who assured us that the bank has online payments available and there are no limits on how much or how quickly you can pay back on your HELOC.
Customers reached out to the BBB with concerns over the legitimacy of a welcome letter issued by Huntington Bank. The bank confirmed that the letters are legit, but advises anyone who didn’t open an account and received this letter to call the bank immediately because it could be signal identity theft. You can reach Huntington by calling 800-480-2265.
You can start your application for the home equity product of your choosing by choosing the Get Started button on the website. You’ll answer questions about your personal and financial information, as well as give consent to run a credit check.
Submit the form and wait for a loan officer to contact you about next steps.
According to the website, a loan officer will contact you within 24 hours on weekdays from 8:30 a.m. to 7 p.m. ET and Saturdays 9 a.m. to 2 p.m. ET. If you have questions after submitting the form, call 866-917-4351 or email Internet.Lending@Huntington.com.
Be prepared to provide the following documents with your loan application:
We’ve reviewed the following mortgage products from this lender in our Huntington National Bank mortgage review:
Use our handy tool to compare estimated rates you might qualify for among top partners in your quest for the strongest home equity product. Select between the Purchase or Refinance options, then enter your ZIP, financial details, property type and other specifics to get personalized rates.