Our analysis of 2025 HMDA data. Rates are medians on loans actually opened.
Why HELOCs were denied in Evansville, IN
First reason lenders gave, share of denials with a reason reported.
Denial rate by debt-to-income
Evansville, IN HELOC applications, 2025.
| Debt-to-income | Decisions | Denied |
|---|---|---|
| Under 20% | 115 | 10% |
| 20% to 29% | 234 | 12% |
| 30% to 35% | 201 | 10% |
| 36% to 42% | 252 | 12% |
| 43% to 49% | 154 | 18% |
| 50% to 60% | 84 | 51% |
| Over 60% | 55 | 96% |
If you were denied a HELOC in Evansville, IN
5 of the six major home equity investment providers list Indiana as a service area: CHEIFS, Hometap, Point, Unison, Unlock. See which could fit you.
Compare a HELOC, home equity loan, cash-out refinance, and home equity investment side by side, with your own approval odds, in the home equity options tool. A HELOC like the typical 2025 loan here would start around 7.13% at today’s prime rate.
State rules: Indiana.
Other metro areas in Indiana
Indianapolis, IN (28%) · Fort Wayne, IN (23%) · Terre Haute, IN (33%) · Elkhart, IN (24%) · Bloomington, IN (25%) · Lake County, IN (30%) · All 358 metro areas
Questions
What is the HELOC denial rate in Evansville, IN?
Lenders denied 21.0% of the 1,119 HELOC applications they decided in the Evansville, IN metro area in 2025, below the national rate of 32.9%, according to federal HMDA data.
Why do HELOCs get denied in Evansville, IN?
The most common first reason lenders gave was credit history (41% of denials with a reason reported).
What is a typical HELOC rate in Evansville, IN?
The median starting rate on HELOCs opened in the Evansville, IN area in 2025 was 7.50%. HELOC rates move with the prime rate, which has changed by -0.37 points since, so a similar loan today would start around 7.13%. Your rate depends on your credit, equity, and lender.
Source: FFIEC / CFPB HMDA data, 2025, second-lien HELOCs and home equity loans with a credit decision, by the metro area HMDA assigns. Metro names: U.S. Census Bureau. Free to use with attribution (CC BY 4.0). Methodology: HELOC denial data.
HEI Calculator
Run your own home and assumptions through every provider and get one comparable effective annual cost.
HEI Compare
Point, Hometap, Unlock, Unison, Splitero and CHEIFS side by side, with reviews and head-to-heads.
HEI Offers
See which providers fit your home, state, and credit, and grade an offer you already have.
HEI Facts, HEI Calculator, HEI Compare, and HEI Offers are sister sites run by the same independent team.