Colorado Home Equity Line of Credit
Lender | APR (%)? | Min. Initial Draw Amount |
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![]() Figure Home Equity Line Equal Housing Lender |
Always FIXED rates from 4.99% APR. Approval in 5 minutes, funding in 5 days. |
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|
![]() Third Federal Savings and Loans Equal Housing Lender |
3.740 %
|
$0 |
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Bank of Colorado Updated 2019-12-07 |
4.990 %
|
$0 | |
Bank of America Updated 2019-12-07 |
5.660 %
|
$50,000 | |
Navy FCU Updated 2019-12-07 |
5.000 %
|
$0 | |
Colorado State Bank & Trust Updated 2019-03-25 |
Intro APR 3.490 % After Intro: 5.990 % Intro Period: 12 months |
$0 | |
HSBC Updated 2019-01-29 |
6.375 %
|
$25,000 | |
State Farm Bank Updated 2019-12-07 |
6.100 %
|
$0 | |
Bellco Credit Union Updated 2019-06-13 |
6.000 %
|
$0 | |
Washington Trust Bank Updated 2019-12-07 |
5.500 %
|
$0 | |
Chase Updated 2019-12-07 |
6.380 %
|
$30,000 | |
FirstBank Updated 2019-12-07 |
4.750 %
|
$0 | |
First Tech FCU Updated 2019-12-07 |
5.000 %
|
$0 | |
Bank of the West Updated 2019-12-07 |
5.290 %
|
$50,000 | |
Credit Union of Denver Updated 2019-12-07 |
Intro APR 3.490 % After Intro: 6.000 % Intro Period: 12 months |
$0 | |
TCF Bank Updated 2019-12-07 |
4.990 %
|
$0 | |
BBVA Compass Bank Updated 2019-12-07 |
5.330 %
|
$50,000 | |
KeyBank - Syracuse Updated 2019-12-07 |
5.400 %
|
$0 | |
Vectra Bank - Denver Updated 2019-12-07 |
Intro APR 3.240 % After Intro: 4.500 % Intro Period: 9 months |
$0 | |
Data from above provided by Informa Research Services, Inc. |
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Wells Fargo Bank, National Association Updated 12/02/2019 |
4.750 % | Varies | |
Tower Credit Union Updated 12/02/2019 Restrictions |
4.750 % | Varies | |
State Employees Cu Of Maryland, Inc Credit Union Updated 12/02/2019 Restrictions |
4.750 % | Varies | |
Alliant Credit Union Updated 08/26/2019 Restrictions |
4.750 % | Varies | |
Jpmorgan Chase Bank, National Association Updated 12/02/2019 |
5.000 % | Varies | |
Bank Of America, National Association Updated 12/02/2019 |
5.150 % | Varies | |
Armed Forces Bank, National Association Updated 06/25/2019 |
5.240 % | Varies | |
Academy Bank, National Association Updated 09/10/2019 |
5.240 % | Varies | |
U.s. Bank National Association Updated 08/20/2019 |
5.390 % | Varies | |
Tiaa, Fsb Updated 06/25/2019 |
5.500 % | Varies | |
Pentagon Credit Union Updated 09/10/2019 Restrictions |
5.500 % | Varies | |
Jovia Financial Credit Union Credit Union Updated 08/27/2019 Restrictions |
5.500 % | Varies | |
Virginia Credit Union, Inc., Credit Union Updated 06/03/2019 Restrictions |
5.500 % | Varies | |
Citizens Equity First Credit Union Updated 08/27/2019 Restrictions |
5.540 % | Varies | |
Citibank, National Association Updated 12/02/2019 |
5.590 % | Varies | |
United Nations Credit Union Updated 09/13/2019 Restrictions |
5.630 % | Varies | |
Charles Schwab Bank Updated 09/27/2019 |
5.740 % | Varies | |
Navy Federal Credit Union Credit Union Updated 08/27/2019 Restrictions |
5.750 % | Varies | |
Bellco Credit Union Updated 08/27/2019 Restrictions |
6.000 % | Varies | |
Bank Of The West Updated 08/07/2019 |
6.040 % | Varies | |
Data provided by BestCashCow |
APR (Annual Percentage Rate) is the rate that incorporates monthly compounding charges to express the a finance charges as an annual rate.
1Data 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.
The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. Compensation is higher for Featured placements. This table does not include all companies or all available products.
Rates from this table are based on loan amount of $50,000 and a variety of factors including credit score and loan to value ratios. Rates may change at any time and are not guaranteed to be correct. For specific requirements please check with the lender.
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 0.00%.
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.