16 No-Closing-Cost HELOC Lenders in Arizona (2026)
We checked the websites and disclosures of 16 lenders that make HELOCs in Arizona to find out who pays closing costs, and what each one asks in return. Terms were checked in October 2026. New to HELOCs? Start with our Arizona HELOC guide.
The Scout Executive Summary
- Many Arizona lenders pay HELOC closing costs: Arizona Financial, Desert Financial, OneAZ, Pima Federal, Vantage West and Hughes Federal all cover some or all of them, along with national lenders like Navy Federal and Bank of America.
- Most want the money back if you close early: Common windows are two to three years, and the repayment ranges from a flat fee to the full costs the lender paid.
- “No closing costs” doesn’t always mean no fees: Watch for annual fees, appraisals you pay yourself and caps on the line size that qualifies.
- Online lenders usually charge origination fees: Some charge up to 4.99% of the line, so compare the total cost, not just the rate.
In this Article
- Which Lenders Offer No-Closing-Cost HELOCs in Arizona?
- Which Arizona Credit Unions and Banks Pay HELOC Closing Costs?
- Which National Lenders Offer No-Closing-Cost HELOCs in Arizona?
- Which Lenders Charge HELOC Closing Costs in Arizona?
- What’s the Catch With a No-Closing-Cost HELOC?
- Is a No-Closing-Cost HELOC Cheaper Than Paying Costs Yourself?
- How Did We Choose These Lenders?
- No-Closing-Cost HELOC Arizona FAQ
Which Lenders Offer No-Closing-Cost HELOCs in Arizona?
Arizona Financial, Desert Financial, OneAZ, Pima Federal, Vantage West and Hughes Federal are Arizona lenders that pay some or all HELOC closing costs, and Navy Federal, Bank of America, U.S. Bank and several other national lenders do too.
Here’s the quick comparison. The full details for each lender follow below.
Arizona lenders
Closing costs on owner-occupied homes
No early-closure repayment published; $15,000 minimum line
Closing costs waived (estimated $200 to $750)
Repay them if you pay off and close within 3 years; $50 annual fee unless you’re a Rewards+ member
Third-party fees waived (promotion)
$500 if closed within 36 months; $75 inactivity fee without a balance and activity
Closing costs covered
Line must stay open 36 months; you pay any required appraisal
Closing costs on lines up to $100,000
Repay costs and origination fees if closed within 2 years; $50 annual fee
Up to $975 in fees waived through Dec. 31, 2026
Line must stay open 2 years; $10,000 minimum draw at funding
Standard closing costs, including appraisal
Requires a MidFirst checking account
National lenders
All closing costs, including appraisal
Membership limited to the military community
Closing costs on lines up to $1,000,000
Early-closure fee if closed within 36 months
No closing costs
1% of the line, up to $500, if closed within 30 months; $75 annual fee after year one
Closing costs on lines up to $250,000
$200 if closed within 36 months; $50 annual fee after year one
Customary closing fees on lines up to $500,000
Repay them if closed within 36 months; $75 annual fee after year one
Third-party costs on lines up to $500,000
Repay them if closed within 36 months; $75 annual fee
Most closing costs
You pay any required appraisal; $99 annual fee
Certain closing costs
$299 to $599 origination fee; $75 annual fee; repay costs if closed within 36 months
No closing costs
$275 annual fee; you pay any taxes
Each lender’s website and disclosures, checked October 2026. Terms change often, so confirm with the lender.
Which Arizona Credit Unions and Banks Pay HELOC Closing Costs?
Arizona Financial, Desert Financial, OneAZ, Pima Federal, Vantage West and Hughes Federal credit unions pay HELOC closing costs, and so does MidFirst Bank for its checking customers.
Arizona Financial Credit Union
Pays closing costs on HELOCs secured by an owner-occupied home.
You pay for a second appraisal if you ask for one. No early-closure repayment is published.
No annual fee. Minimum line of $15,000.
People who live, work, worship, attend school or do business in 10 Arizona counties, including Maricopa, Pima and Pinal, plus family members.
Desert Financial Credit Union
Waives closing costs, which it estimates at $200 to $750.
If you pay off and close the line within three years, you repay the waived costs. Points and origination fees aren’t waived.
$50 annual fee, waived for Rewards+ members. No application fee. Minimum of $10,000.
People who live, work, attend school, volunteer or worship in its Arizona service area, plus family.
OneAZ Credit Union
Waives closing costs and may pay third-party fees for you, on lines from $10,000 to $200,000.
A $500 fee if you pay off and close the line within 36 months.
A $75 annual inactivity fee, waived if you keep a balance and use the line.
People who live, work, attend school, volunteer or worship in Arizona. A $5 savings deposit is required.
Pima Federal Credit Union
Covers closing costs if the line stays open at least 36 months. It estimates third-party fees at $200 to $1,025.
You pay for an appraisal if one is required.
No annual fee published. Lines from $10,000 to $400,000.
Based on eligibility, with a $5 opening deposit.
Vantage West Credit Union
Covers closing costs on lines up to $100,000.
The line must stay open at least two years, or you repay origination fees and closing costs.
$50 annual fee. Lines from $10,000 to $650,000, on a primary or second home.
People who live, work, worship, attend school or volunteer in Pima, Pinal, Cochise or Maricopa counties, among others.
Hughes Federal Credit Union
Waives up to $975 in appraisal, title, flood and recording fees if you apply by December 31, 2026. Lines up to 90% of your home’s value on a primary home in Arizona.
The line must stay open two years, or you repay the fees. You must draw at least $10,000 when the line opens.
No annual fee published. Lines from $10,000 to $250,000.
Mainly people who live, work, worship or attend school in Tucson, plus some employer groups and family.
MidFirst Bank
Pays standard closing costs, including title review, flood determination, closing and document fees and a standard appraisal.
You must have a MidFirst checking account.
No application fee and no annual fee.
MidFirst checking customers. MidFirst has Phoenix-area branches. Confirm the offer applies to your Arizona address.
Scout’s Tip
Joining a credit union just for the HELOC?That’s usually fine. Most Arizona credit unions only need a small savings deposit to join. Before you open the account, ask the loan team whether the closing-cost offer applies to your line amount and your property type, since some cover owner-occupied homes only.
Which National Lenders Offer No-Closing-Cost HELOCs in Arizona?
Navy Federal, Bank of America, U.S. Bank, Alliant, Flagstar, BMO, PenFed, PNC and Third Federal offer HELOCs with no or limited closing costs, and each one lends on Arizona homes or doesn’t exclude Arizona.
Navy Federal Credit Union
Pays all closing costs, including settlement, credit report, appraisal, title and recording.
Membership is limited to the military community. On a first-lien HELOC, you pay prepaid interest and escrow.
No application, origination, annual or inactivity fee. Lines from $10,000 to $500,000.
Bank of America
No application fee, no closing costs on lines up to $1,000,000, and no annual fee.
An early-closure fee if you close the line within 36 months. Its disclosure lists $450 plus certain costs it paid.
U.S. Bank
No application fees or closing costs.
A 1% fee on the original line, up to $500, if you close within 30 months.
$75 annual fee after the first year, waived with a Platinum Checking Package.
Alliant Credit Union
No closing costs on lines up to $250,000. Lines over that may pay up to $1,000.
A $200 fee if you close within 36 months. Arizona lines are limited to 80% of your home’s value, minus your mortgage.
$50 annual fee, waived the first year.
Flagstar Bank
Pays customary closing fees, with extra fees on lines over $500,000.
Repay the closing fees if you close within 36 months.
$75 annual fee, waived the first year.
BMO
Pays third-party costs, including appraisal, title insurance and recording, on lines up to $500,000 for a primary or second home.
It can charge back the costs it paid if you close within 36 months.
$75 annual fee, which may be waived based on your BMO balances.
PenFed Credit Union
Pays most closing costs.
You pay any required appraisal, even if the line doesn’t close. An appraisal is always required over $400,000.
$99 annual fee.
PNC Bank
Pays certain closing costs.
Repay them if you pay off and close within 36 months.
$299 to $599 origination fee, based on the line size, and a $75 annual fee.
Third Federal
No closing costs on lines from $10,000 to $300,000, primary homes only.
You pay any taxes, such as recording tax, where they apply.
$275 annual fee, which is high compared with other lenders on this list.
Which Lenders Charge HELOC Closing Costs in Arizona?
Some Arizona credit unions and most online HELOC lenders charge closing costs or origination fees, which can add hundreds or thousands of dollars to the cost of opening a line.
- Arizona Central Credit Union: A $250 processing fee, a $185 document fee and a $14 flood fee, plus $150 to $1,200 for title and appraisal.
- Credit Union West: Says third-party fees usually run $100 to $1,000, plus a $250 fee if you close within 36 months.
- Figure: An origination fee of up to 4.99%, with no annual or early-closure fees.
- Better: An origination fee of up to $995, plus possible discount points and other fees.
- Achieve: Closing fees of $750 to $10,304, depending on the line and state.
A fee isn’t automatically a bad deal. Online lenders often close faster, and a lower rate can make up for an upfront fee over time. Compare the total cost. For what each fee covers, see our guide to HELOC closing costs.
What’s the Catch With a No-Closing-Cost HELOC?
The main catch with a no-closing-cost HELOC is that most lenders ask for the costs back if you close the line within two to three years, and some add annual fees or exclude the appraisal.
Before you choose an offer, ask each lender:
- How much would I owe if I closed the line early, in dollars, and for how long?
- Is there an annual or inactivity fee?
- Does the offer cover the appraisal, and does it apply to my line amount and property type?
- Is there a minimum draw when the line opens?
- What is the rate with and without the closing costs paid?
Closing early usually happens when you sell or refinance. If that’s possible in the next few years, see what happens to a HELOC when you sell or refinance and our full list of HELOC annual and early-closure fees.
Is a No-Closing-Cost HELOC Cheaper Than Paying Costs Yourself?
A no-closing-cost HELOC is usually cheaper if you keep the line open past the repayment window and the rate is about the same as other offers, but it can cost more if you close early or the rate is higher.
Here’s an example with a $50,000 average balance. Offer A charges $1,500 in closing costs. Offer B has no closing costs, a rate 0.25% higher, and requires you to repay the $1,500 if you close within 36 months.
$1,500
About $1,750 ($250 extra interest plus $1,500 repaid)
$1,500
About $625 in extra interest
$1,500
About $1,875 in extra interest
In this example, the no-cost offer wins in the middle and loses at both ends. If the rates are the same, the no-cost offer wins as long as you keep the line past the window. The example assumes a steady balance and rate gap, so your results will vary. Compare today’s rates on our Arizona home equity rates page.
How Did We Choose These Lenders?
We included lenders that make HELOCs on Arizona homes and say on their own websites or disclosures that they pay or waive some or all closing costs.
We checked each lender’s website and loan disclosures in October 2026. We didn’t use third-party reviews for any fee. Some lenders, including Mountain America, National Bank of Arizona, TruWest and Copper State credit unions, don’t publish closing-cost terms online, so they aren’t listed. Ask them directly. Pinal County Federal Credit Union lists a third-party reimbursement fee if you close within three years but doesn’t say whether it pays closing costs, so it isn’t listed either. EquitySquirrel isn’t paid by any lender on this list.
For more local options, see the best Arizona HELOC lenders and our Arizona HELOC guide.
No-Closing-Cost HELOC Arizona FAQ
Arizona Financial, Desert Financial, OneAZ, Pima Federal, Vantage West and Hughes Federal all pay or waive some or all closing costs. Arizona Financial publishes no early-closure repayment, while the others ask for costs back if you close within two to three years.
Not always. Pima Federal and PenFed say you pay for a required appraisal. Navy Federal, MidFirst and BMO say they cover it.
Many lenders ask you to repay the closing costs they paid, or charge a fee, if you close within two to three years. OneAZ charges $500 within 36 months, for example, and U.S. Bank charges 1% of the line, up to $500, within 30 months.
Some lenders allow a second home, such as Vantage West and BMO, but most offers are for primary homes. Rentals usually don’t qualify. Ask each lender before you apply.
Yes. Most Arizona credit unions only ask that you live, work or worship in their area and open a savings account with a small deposit.
Many charge an origination fee instead. Figure charges up to 4.99%, and Achieve lists closing fees of $750 to $10,304. Compare the total cost with a no-closing-cost offer.
It often is if you keep the line open past the repayment window. Compare the rate, annual fee and early-closure terms with other offers before you decide.
EquitySquirrel is an educational resource operated by Scout Media LLC, not a lender. This content does not constitute financial, legal, tax, or lending advice. HELOCs are secured by your home, and missed payments can result in foreclosure. Lender terms come from each lender’s website and disclosures as of October 2026, may change at any time, and some offers are limited-time promotions. Examples are illustrative and are not offers of credit. Confirm current terms directly with lenders. Aleksandra Kadzielawski, Lic #SA694336000.
