Bank of America HELOC vs. SoFi Home Improvement Loan
Side-by-side comparison · Updated 2026 · Independently reviewed
Bank of America HELOC
Bank of America
4.1
No closing costs, no annual fee HELOC with Preferred Rewards discounts for existing BofA customers.
Full review →
WealthSpott Verdict
Bank of America HELOC wins on more measurable categories — particularly on rate and cost. SoFi Home Improvement Loan may still be the right fit depending on your loan amount and term needs.
Feature
Bank of America
SoFi Home Improvement
APR Range
8.60% – 14.40% Best
8.99% – 25.81%
Loan Amount
$25,000 – $1,000,000 Best
$5,000 – $100,000
Term Length
120–240 months
24–84 months
Origination Fee
No closing costs; no annual fee
None
Min Credit Score
680+
680+
Funding Speed
2–4 weeks
Same day to a few days
Bank of America HELOC
SoFi Home Improvement Loan
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