Colorado Home Equity Line of Credit Rates

Compare Home Equity Line of Credit rates from lenders in Colorado 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.

Colorado Home Equity Line of Credit

July 20, 2018 Average Rate: 6.16%

Lender Rate (%) Monthly Payment Learn More
4.240
$245.68 Learn More
5.740
$291.47 Learn More
Credit Union of Colorado
Updated 07/20/2018
4.250
$512.19
Bank of America
Updated 07/20/2018
6.490
$567.49
Chase
Updated 07/20/2018
7.010
$580.8
MidFirst Bank
Updated 07/20/2018
4.490
$517.95
State Farm Bank
Updated 07/20/2018
6.850
$576.68
PenFed
Updated 07/20/2018
5.000
$530.33
Bank of Colorado
Updated 07/20/2018
5.740
$548.6
Key Bank
Updated 07/20/2018
5.500
$542.63
First Tech FCU
Updated 07/20/2018
5.750
$548.85
Bank of the West
Updated 07/20/2018
5.990
$554.85
Pentagon FCU
Updated 07/20/2018
5.000
$530.33
UMB Bank
Updated 07/19/2018
7.750
$600.05
Capwest Mortgage Corp.
Updated 07/20/2018
5.250
$536.46
BBVA Compass
Updated 07/20/2018
6.500
$567.74
Wells Fargo
Updated 07/20/2018
6.250
$561.4
UMB Bank
Updated 07/19/2018
7.750
$600.05
Bethpage FCU
Updated 07/20/2018
6.000
$555.1
Colorado State Bank & Trust
Updated 07/20/2018
5.500
$542.63
US Bank
Updated 07/20/2018
5.950
$553.85
Bellco Credit Union
Updated 07/16/2018
5.500
$542.63
Security Service FCU
Updated 07/17/2018
6.000
$555.1
Vectra Bank
Updated 07/20/2018
5.990
$554.85
Navy FCU
Updated 07/20/2018
5.750
$548.85
BBVA Compass Bank
Updated 07/20/2018
6.500
$567.74
FirstBank
Updated 07/20/2018
5.000
$530.33
Credit Union of Denver
Updated 07/20/2018
6.000
$555.1

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
UNITED NATIONS
Updated 09/21/2017
Restrictions
2.49 Varies
ANB Bank
Updated 01/08/2018
2.99 Varies
Academy Bank, National Association
Updated 02/27/2018
2.99 Varies
TOWER
Updated 10/11/2017
Restrictions
3.75 Varies
ATLANTA POSTAL
Updated 10/10/2017
Restrictions
4.00 Varies
ALLIANT
Updated 09/20/2017
Restrictions
4.00 Varies
FirstBank
Updated 02/07/2018
4.25 Varies
PENTAGON
Updated 09/21/2017
Restrictions
4.25 Varies
NAVY FEDERAL CREDIT UNION
Updated 09/04/2017
Restrictions
4.50 Varies
PATELCO
Updated 09/21/2017
Restrictions
4.50 Varies
Bank of America, National Association
Updated 04/17/2018
4.68 Varies
Wells Fargo Bank, National Association
Updated 02/14/2018
4.75 Varies
BELLCO
Updated 09/22/2017
Restrictions
4.75 Varies
CITIZENS EQUITY FIRST
Updated 10/10/2017
Restrictions
4.75 Varies
Bank of the West
Updated 03/16/2017
4.80 Varies
TIAA, FSB
Updated 06/28/2017
4.88 Varies
ENT
Updated 10/26/2017
Restrictions
4.99 Varies
JPMorgan Chase Bank, National Association
Updated 05/16/2018
5.00 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 Colorado 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 6.16%.

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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