Accumulating equity is one benefit of homeownership. But offer amounts to homeowners seeking home equity loans vary significantly across the nation’s 50 states. The national average is $83,872. Within that average is a huge range from state to state and Colorado sits on the top of that scale.
Colorado homeowners receive an average home equity loan offer of nearly $130,000, which is the largest home equity loan offer in the U.S., according to analysis by LendingTree, an online loan marketplace.
Hawaii and Connecticut homeowners are offered the next largest average home equity loans. Hawaii homeowners are approved for an average of $119,172, followed by $112,721 in Connecticut. Iowa marks the lowest homes equity offers of less than $31,000.