HELOC Balances Outstanding
Total outstanding balance on home equity lines of credit
Where the HELOC Balances Outstanding stands now
The HELOC Balances Outstanding was $458.5 billion in the second quarter of 2026. Since 2003 it has ranged from $242 billion in the first quarter of 2003 to $714 billion in the first quarter of 2009. It has been higher than a year earlier for four straight years.
What it means for households: Housing Affordability & Mortgage Statistics Behind on Your Mortgage?
How the HELOC Balances Outstanding has moved since 2003
HELOC Balances Outstanding: up since 2021
New York Fed Consumer Credit Panel / Equifax, total HELOC balance outstanding in billions, not adjusted for inflation: $458.5 billion in the second quarter of 2026, up from $411 billion a year earlier. Quarterly, 2003–2026.
What the HELOC Balances Outstanding measures
HELOC Balances Outstanding by quarter, 2003 to 2026
| Quarter | Amount | Change from a year earlier |
|---|---|---|
| Q2 2026 | $458.5B | +$47.5B |
| Q1 2026 | $446B | +$44B |
| Q4 2025 | $433.6B | +$37.6B |
| Q3 2025 | $422B | +$35B |
| Q2 2025 | $411B | +$31B |
| Q1 2025 | $402B | +$26B |
| Q4 2024 | $396B | +$36B |
| Q3 2024 | $387B | +$38B |
| Q2 2024 | $380B | +$40B |
| Q1 2024 | $376B | +$37B |
| Q4 2023 | $360B | +$24B |
| Q3 2023 | $349B | +$27B |
| Q2 2023 | $340B | +$21B |
| Q1 2023 | $339B | +$22B |
| Q4 2022 | $336B | +$18B |
| Q3 2022 | $322B | +$5B |
| Q2 2022 | $319B | −$3B |
| Q1 2022 | $317B | −$18B |
| Q4 2021 | $318B | −$31B |
| Q3 2021 | $317B | −$45B |
| Q2 2021 | $322B | −$53B |
| Q1 2021 | $335B | −$51B |
| Q4 2020 | $349B | −$41B |
| Q3 2020 | $362B | −$34B |
| Q2 2020 | $375B | −$24B |
| Q1 2020 | $386B | −$20B |
| Q4 2019 | $390B | −$22B |
| Q3 2019 | $396B | −$26B |
| Q2 2019 | $399B | −$33B |
| Q1 2019 | $406B | −$30B |
| Q4 2018 | $412B | −$32B |
| Q3 2018 | $422B | −$26B |
| Q2 2018 | $432B | −$20B |
| Q1 2018 | $436B | −$20B |
| Q4 2017 | $444B | −$29B |
| Q3 2017 | $448B | −$24B |
| Q2 2017 | $452B | −$26B |
| Q1 2017 | $456B | −$29B |
| Q4 2016 | $473B | −$14B |
| Q3 2016 | $472B | −$20B |
| Q2 2016 | $478B | −$21B |
| Q1 2016 | $485B | −$25B |
| Q4 2015 | $487B | −$23B |
| Q3 2015 | $492B | −$20B |
| Q2 2015 | $499B | −$22B |
| Q1 2015 | $510B | −$16B |
| Q4 2014 | $510B | −$19B |
| Q3 2014 | $512B | −$23B |
| Q2 2014 | $521B | −$19B |
| Q1 2014 | $526B | −$26B |
| Q4 2013 | $529B | −$34B |
| Q3 2013 | $535B | −$38B |
| Q2 2013 | $540B | −$49B |
| Q1 2013 | $552B | −$59.8B |
| Q4 2012 | $563B | −$64.1B |
| Q3 2012 | $573B | −$65.7B |
| Q2 2012 | $589B | −$35.5B |
| Q1 2012 | $611.8B | −$28.7B |
| Q4 2011 | $627.1B | −$40.7B |
| Q3 2011 | $638.7B | −$34.7B |
| Q2 2011 | $624.5B | −$58.1B |
| Q1 2011 | $640.5B | −$54.6B |
| Q4 2010 | $667.8B | −$38.6B |
| Q3 2010 | $673.4B | −$34.6B |
| Q2 2010 | $682.6B | −$30.4B |
| Q1 2010 | $695.1B | −$18.9B |
| Q4 2009 | $706.4B | +$1.4B |
| Q3 2009 | $708B | +$16B |
| Q2 2009 | $713B | +$34B |
| Q1 2009 | $714B | +$51B |
| Q4 2008 | $705B | +$58B |
| Q3 2008 | $692B | +$61B |
| Q2 2008 | $679B | +$60B |
| Q1 2008 | $663B | +$58B |
| Q4 2007 | $647B | +$43B |
| Q3 2007 | $631B | +$28B |
| Q2 2007 | $619B | +$29B |
| Q1 2007 | $605B | +$23B |
| Q4 2006 | $604B | +$39B |
| Q3 2006 | $603B | +$62B |
| Q2 2006 | $590B | +$62B |
| Q1 2006 | $582B | +$80B |
| Q4 2005 | $565B | +$97B |
| Q3 2005 | $541B | +$115B |
| Q2 2005 | $528B | +$161B |
| Q1 2005 | $502B | +$174B |
| Q4 2004 | $468B | +$166B |
| Q3 2004 | $426B | +$157B |
| Q2 2004 | $367B | +$107B |
| Q1 2004 | $328B | +$86B |
| Q4 2003 | $302B | — |
| Q3 2003 | $269B | — |
| Q2 2003 | $260B | — |
| Q1 2003 | $242B | — |
Quarterly · New York Fed Consumer Credit Panel / Equifax
Counties with the highest safety net and buffer scores
There's no county figure for this measure, so this list uses the safety net and buffer part of our County Distress Index.
| Rank | County | Score (0–100) |
|---|---|---|
| 1 | Choctaw County, OK | 94.8 |
| 2 | Stewart County, GA | 94.2 |
| 3 | Noxubee County, MS | 94.2 |
| 4 | Hudspeth County, TX | 94 |
| 5 | Brooks County, TX | 94 |
| 6 | Lake County, TN | 94 |
| 7 | Duval County, TX | 93.9 |
| 8 | Ripley County, MO | 93.5 |
| 9 | Dunklin County, MO | 93.3 |
| 10 | Quitman County, GA | 93.2 |
Questions about home equity lines of credit
How much HELOC debt is outstanding?
The New York Fed counted $458.5 billion owed on home equity lines of credit in the second quarter of 2026. That covers balances on consumer credit reports in its Equifax sample; it leaves out people without a Social Security number and balances in bankruptcy.
Are HELOC balances at a record high?
In the second quarter of 2026 balances were $458.5 billion. That is the most since the fourth quarter of 2016, but not a record. The New York Fed's series starts in 2003, and its figures are not adjusted for inflation. The highest was $714 billion, in the first quarter of 2009.
Is a HELOC the same as a home equity loan?
No. A HELOC is a revolving line you draw on as needed, up to a limit. A home equity loan is paid out in one lump sum and repaid in installments. The New York Fed counts home equity loans with mortgages, so they are not in this total.
Where does the HELOC data come from?
The New York Fed's quarterly Household Debt and Credit Report, built from its Consumer Credit Panel, a random sample of Equifax credit reports. Each report comes out about six weeks after the quarter ends.
Sources and method for the HELOC Balances Outstanding
- New York Fed Consumer Credit Panel / Equifax We use the quarterly figures as published, from the first quarter of 2003 through the second quarter of 2026, with no adjustment of our own. Federal Reserve Bank of New York’s report
We write with assistance from AI tools. Figures come from the data and sources named on this page.