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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.
| Lender | Rate (%) | Monthly Payment | Learn More |
|---|---|---|---|
|
3.240 |
$217.33 | Learn More |
|
Nationwide Bank Updated 10/23/2017 |
3.900 |
$300.36 | |
|
PenFed Updated 10/23/2017 |
4.250 |
$376.14 | |
|
FirstBank Updated 10/23/2017 |
4.250 |
$512.19 | |
|
First Internet Bank Updated 10/23/2017 |
4.750 |
$323.11 | |
|
Vectra Bank Updated 10/18/2017 |
4.990 |
$268.11 | |
|
Key Bank Updated 10/23/2017 |
5.000 |
$268.41 | |
|
US Bank Updated 10/23/2017 |
5.150 |
$273.01 | |
|
Capwest Mortgage Corp. Updated 10/23/2017 |
5.250 |
$336.92 | |
|
Wells Fargo Updated 10/23/2017 |
5.375 |
$279.99 | |
|
Bank of America Updated 10/23/2017 |
5.890 |
$296.25 | |
|
Credit Union of Denver Updated 10/23/2017 |
6.000 |
$358.22 | |
|
BBVA Compass Updated 10/23/2017 |
6.200 |
$291.84 | |
|
Bank of the West Updated 10/23/2017 |
6.250 |
$307.86 | |
|
Data from above provided by Informa Research Services, Inc. |
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| 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 | |
| Bank of America, National Association Updated 10/10/2017 |
2.99 | Varies | |
| ANB Bank Updated 05/11/2017 |
2.99 | Varies | |
| Academy Bank, National Association Updated 04/28/2017 |
2.99 | Varies | |
| ENT Updated 04/10/2017 Restrictions |
3.50 | Varies | |
| TOWER Updated 10/11/2017 Restrictions |
3.75 | Varies | |
| ATLANTA POSTAL Updated 10/10/2017 Restrictions |
4.00 | Varies | |
| Alliant Credit Union Updated 09/20/2017 Restrictions |
4.00 | Varies | |
| Capital One, National Association Updated 10/10/2017 |
4.24 | Varies | |
| FirstBank Updated 06/12/2017 |
4.25 | Varies | |
| Pentagon Federal Credit Union Updated 09/20/2017 Restrictions |
4.25 | Varies | |
| EASTMAN Updated 07/26/2017 Restrictions |
4.25 | Varies | |
| JPMorgan Chase Bank, National Association Updated 10/10/2017 |
4.50 | Varies | |
| NAVY FEDERAL CREDIT UNION Updated 09/04/2017 Restrictions |
4.50 | Varies | |
| PATELCO Updated 09/21/2017 Restrictions |
4.50 | Varies | |
| Wells Fargo Bank, National Association Updated 10/10/2017 |
4.75 | Varies | |
| BELLCO Updated 09/22/2017 Restrictions |
4.75 | Varies | |
| CITIZENS EQUITY FIRST Updated 10/10/2017 Restrictions |
4.75 | Varies | |
|
Data provided by BestCashCow |
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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 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.
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 4.89%.
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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Last Update on October 22, 2017
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