loanDepot Mortgage vs. Bank of America HELOC
Side-by-side comparison · Updated 2026 · Independently reviewed
loanDepot Mortgage
loanDepot
4.2
High-volume online lender with a fully digital application and a wide range of loan types.
Full review →
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
loanDepot Mortgage wins on more measurable categories — particularly on rate and cost. Bank of America HELOC may still be the right fit depending on your loan amount and term needs.
Feature
loanDepot Mortgage
Bank of America
APR Range
6.40% – 7.90% Best
8.60% – 14.40%
Loan Amount
$100,000 – $3,000,000 Best
$25,000 – $1,000,000
Term Length
180–360 months
120–240 months
Origination Fee
0%–2% of loan amount
No closing costs; no annual fee
Min Credit Score
620+ Best
680+
Funding Speed
21–30 days
2–4 weeks
loanDepot Mortgage
Bank of America HELOC
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