LOADING MARKET…
ORIGINATION SCOPE
HELOC (open-end): Open-end home-equity lines of credit: HMDA originations whose open-end flag is TRUE, from the hmda_home_equity_year rollup. A reported-loans floor — see the basis note below.
2025 · 1,226,554 originations · $190.50B · HELOC (open-end)
HELOC originations
1,226,554
2025 · reported-loans floor
Origination volume
$190.50B
disclosed dollars
By activity year · disclosed dollars, hover for units
Applications (all actions)
2,420,742
reported-loans floor
Reporting lenders
1,243
distinct HMDA reporters in this segment
Basis. Counts reflect HMDA-reported loan applications and originations, not a servicing or portfolio census. Open-end (HELOC) and lien-position figures are a reported-loans floor: about 2.3% of 2024 records do not report the open-end flag (the EGRRCPA partial-exemption sentinel), and small-volume depositories may be exempt from reporting these fields entirely, so a low or absent figure for a given company can indicate an exemption rather than an absence of lending. Loan counts are applications/originations in the reporting year, not outstanding balances.
2025 home-equity originations by structure
HELOC
1,226,554
$190.50B · 67.7% of the home-equity book
2nd lien
584,839
$49.68B · shown for context — not in this scope
HELOC (open-end) originations by property state · 2025 · hover for values
+25.0%
376+18.5%
457+66.6%
208+23.7%
284+33.2%
237+13.0%
304+27.0%
211+24.7%
271+18.5%
228+24.5%
270+32.1%
243+25.9%
249+25.6%
279+6.7%
278+16.8%
301+34.4%
266+20.2%
197+24.0%
271+24.5%
242+19.4%
152+22.0%
219+34.6%
179+16.5%
193+24.2%
262+31.0%
195+20.0%
187+16.7%
205+18.7%
216+25.7%
154+37.4%
152+39.0%
128+66.4%
88+24.4%
179+19.3%
131+32.8%
135+29.8%
143+40.7%
165+19.1%
154+5.3%
138+33.7%
139+23.5%
136+36.9%
117+22.4%
116+27.2%
89+23.7%
128+19.4%
118+13.7%
121+2.3%
82+29.0%
101+43.6%
68−28.2%
57+1170.8%
5National, 2025 · ranked by originations · top 100 · click a lender for its company view
Largest 2024→2025 HELOC origination-volume swings among the top 100 originators present in both years
Herfindahl-Hirschman Index over originator volume shares of the segment · DOJ/FTC bands
HHI 2025 (floor)
128
Unconcentrated
Computed from the top 100 lenders' shares of HELOC volume — the long tail adds at most a few points, so the true HHI is barely above this floor.Top-10 share
27.8%
top 5: 19.6%
Share of the segment's national disclosed volume held by the 10 / 5 largest HELOC originators, 2025Pool coverage
64.6%
top 100 lenders' share of segment $
The share of the segment's national volume the ranked pool accounts for — the denominator every share above is taken against.Combined loan-to-value of HELOC (open-end) originations · 2025 · the equity-opportunity cut
CLTV reported on 97.6% of HELOC originations (28,838 not reported). Bands cover reported values only.
The 0292 rollup carries no outcome, pricing or county dimension — these figures exist on the first-lien surfaces only, and this page refuses to relabel them
Denial rate, rate spread (APR − APOR), agency share, purpose mix, the county tier, the region drill and the faceted lender directory are not yet available on the HELOC (open-end) basis. The home-equity rollup stores applications, originations, volumes and CLTV bands per lender and state — it does not yet carry denial outcomes, pricing spreads or county grain, and showing the full-HMDA versions of those figures under a HELOC heading would be one label over two definitions. A rollup enrichment (denial + rate spread + county) is planned; until it lands, those panels live on All originations — and loan-level open-end records can be faceted today in the Loan Explorer.