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California Home Equity Line of Credit Rates

Compare Home Equity Line of Credit rates from lenders in California with a loan amount of $50,000. To change the mortgage product or the loan amount, use the search box above. Click lender name to view more information.

California Home Equity Line of Credit

January 23, 2018: Average rate - 5.53%

Lender Rate (%) Monthly Payment Learn More
3.490
$224.24 Learn More
5.240
$275.79 Learn More
Los Angeles Federal Credit Union
Updated 01/17/2018
4.040
$507.18
Los Angeles FCU
Updated 01/17/2018
4.040
$507.18
Westamerica Bank
Updated 01/17/2018
4.500
$518.19
San Francisco Police CU
Updated 01/23/2018
4.500
$518.19
PenFed
Updated 01/23/2018
4.500
$518.19
SchoolsFirst FCU
Updated 01/23/2018
4.500
$518.19
Pacific Service CU
Updated 01/17/2018
4.500
$518.19
Corporate America Family CU
Updated 01/23/2018
4.500
$518.19
Schools First FCU
Updated 01/23/2018
4.500
$518.19
NuVision FCU
Updated 01/23/2018
4.750
$524.24
Patelco CU
Updated 01/23/2018
4.750
$524.24
Stanford FCU
Updated 01/23/2018
4.750
$524.24
First Internet Bank
Updated 01/23/2018
4.750
$524.24
Schools Financial CU
Updated 01/23/2018
4.990
$530.08
Los Angeles Police Federal Credit Union
Updated 01/23/2018
5.000
$530.33
Safe CU
Updated 01/23/2018
5.090
$532.53
Golden 1 CU
Updated 01/23/2018
5.250
$536.46
Navy FCU
Updated 01/23/2018
5.250
$536.46
First Tech FCU
Updated 01/23/2018
5.250
$536.46
Chevron FCU
Updated 01/23/2018
5.250
$536.46
Chevron Federal Credit Union
Updated 01/23/2018
5.250
$536.46
Capwest Mortgage Corp.
Updated 01/23/2018
5.250
$536.46
Lockheed FCU
Updated 01/23/2018
5.500
$542.63
First Financial CU
Updated 01/23/2018
5.500
$542.63
Bethpage FCU
Updated 01/23/2018
5.500
$542.63
California Credit Union
Updated 01/19/2018
5.500
$542.63
US Bank
Updated 01/16/2018
5.550
$543.87
California Bank & Trust
Updated 01/23/2018
5.625
$545.73
Comerica Bank
Updated 01/23/2018
5.750
$548.85
Umpqua Bank
Updated 01/23/2018
5.750
$548.85
Xceed Financial Credit Union
Updated 01/23/2018
5.750
$548.85
Financial Partners CU
Updated 01/23/2018
5.750
$548.85
HSBC
Updated 01/22/2018
5.890
$552.34
First Bank
Updated 01/23/2018
5.990
$554.85
Bank of the West
Updated 01/23/2018
6.000
$555.1
San Diego County CU
Updated 01/23/2018
6.000
$555.1
Exchange Bank
Updated 01/23/2018
6.000
$555.1
Tri Counties Bank
Updated 01/23/2018
6.000
$555.1
Wells Fargo
Updated 01/23/2018
6.125
$558.25
Union Bank
Updated 01/23/2018
6.240
$561.15
Los Angeles Firemen's CU
Updated 01/18/2018
6.250
$561.4
BBVA Compass Bank
Updated 01/23/2018
6.250
$561.4
State Farm Bank
Updated 01/23/2018
6.350
$563.93
Chase
Updated 01/23/2018
6.380
$564.69
Arrowhead CU
Updated 01/23/2018
6.500
$567.74
Bank of America
Updated 01/23/2018
6.610
$570.54

Data from above provided by Informa Research Services, Inc.

Armed Forces Bank, National Association
Updated 08/24/2017
1.99 Varies
U.S. Bank National Association
Updated 03/16/2017
1.99 Varies
WESCOM CENTRAL
Updated 10/12/2017
Restrictions
1.99 Varies
UNITED NATIONS
Updated 09/21/2017
Restrictions
2.49 Varies
LOGIX
Updated 09/22/2017
Restrictions
2.99 Varies
SAN DIEGO COUNTY
Updated 10/12/2017
Restrictions
2.99 Varies
Bank of America, National Association
Updated 01/05/2018
3.24 Varies
MISSION
Updated 11/01/2017
Restrictions
4.00 Varies
EDUCATIONAL EMPLOYEES
Updated 10/26/2017
Restrictions
4.00 Varies
ATLANTA POSTAL
Updated 10/10/2017
Restrictions
4.00 Varies
Alliant Credit Union
Updated 09/20/2017
Restrictions
4.00 Varies
FirstBank
Updated 06/12/2017
4.25 Varies
Pentagon Federal Credit Union
Updated 09/21/2017
Restrictions
4.25 Varies
EASTMAN
Updated 07/26/2017
Restrictions
4.25 Varies
El Dorado Savings Bank, F.S.B.
Updated 03/18/2017
4.50 Varies
Navy Federal Credit Union
Updated 09/04/2017
Restrictions
4.50 Varies
FIRST TECHNOLOGY
Updated 08/31/2017
Restrictions
4.50 Varies
PATELCO
Updated 09/21/2017
Restrictions
4.50 Varies
JPMorgan Chase Bank, National Association
Updated 01/05/2018
4.75 Varies
Wells Fargo Bank, National Association
Updated 01/05/2018
4.75 Varies

Data provided by BestCashCow

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Click here for more information on rates and product details.

Rates provided by BestCashCow are based on loan amount of $50,000 and a variety of factors including credit score and loan to value ratios. For specific requirements please check with the lender. Rates may change at any time.

Home Equity Line of Credit - Rates are based on a variable rate, second lien revolving home equity line of credit California for an owner occupied residence with an 80% loan-to-value ratio for line amounts of $50,000. Discount indicates the amount of reduction in the Rate for having monthly payments automatically deducted from an account and/or for having other relationship accounts with the institution, expressed as a percentage. Conditions ‘No closing costs’ indicates that customer is not required to pay closing costs on the line of credit. ‘With closing costs’ indicates that customer is required to pay closing costs on the line of credit. Rates may include discounts. Rates are subject to change without notice.

Home Equity Line of Credit (HELOC) Rates

Home equity lines of credit (HELOCs) are loans secured against the equity in your home, They are typically less costly and more flexible than home equity loans.  Since they are lines of credit, the borrower only draws the amount that they need and only pays interest on that amount. The amortization schedule ordinarily does not require payback of the principal drawn until year 10 (HELOCs are, therefore, technically “interest only” loans until that time).

HELOC lenders will lend up to 90% the value of the equity in your home and the typical HELOC line is from $200,000 up to $500,000.

How to Find the Best HELOC Rate

As you see in the table above, the pricing of a home equity line of credit varies from lender to lender.  HELOC rates are based on the prime lending rate (“prime”) - the rate that commercial banks charge their most creditworthy customers.  Most lenders add on a margin above the prime rate. The average HELOC rate is 5.53%.

Risk to HELOCs

HELOC rates fluctuate. Repayment terms are tied to the prime lending rate and that rate is likely to move up – perhaps dramatically - over the next few years as the Federal Reserve raises the Fed Funds rate. A 10-year home equity loan or a 15-year home equity loan, however, may be a safer option at this time. Depending on your personal circumstances, you should also consider mortgage refinance options.

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