Iowa Home Equity Line of Credit Rates

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

Iowa Home Equity Line of Credit

October 17, 2018 Average Rate: 6.51%

Lender Rate (%) Monthly Payment Learn More
5.490
$283.58 Learn More
MidWest One Bank
Updated 10/10/2018
6.750
$574.12
Security National Bank
Updated 10/17/2018
6.500
$567.74
Navy FCU
Updated 10/17/2018
6.000
$555.1
State Farm Bank
Updated 10/17/2018
7.100
$583.12
American Trust
Updated 10/17/2018
5.000
$530.33
American National Bank
Updated 10/11/2018
6.250
$561.4
US Bank
Updated 10/15/2018
6.550
$569.01
Farmers & Merchants Bank & Trust
Updated 10/11/2018
5.750
$548.85
Bethpage FCU
Updated 10/17/2018
6.250
$561.4
Regions Bank
Updated 10/17/2018
6.125
$558.25
Bank of America
Updated 10/17/2018
7.240
$586.75
Bankers Trust
Updated 10/17/2018
5.250
$536.46
Capwest Mortgage Corp.
Updated 10/17/2018
5.250
$536.46
Farmers State Bank
Updated 10/10/2018
5.250
$536.46
Wells Fargo
Updated 10/17/2018
5.875
$551.97
Pentagon FCU
Updated 10/17/2018
5.250
$536.46
Bank of the West
Updated 10/17/2018
6.240
$561.15
West Bank
Updated 10/10/2018
6.000
$555.1
Dupaco Credit Union
Updated 10/17/2018
5.250
$536.46
Bankers Trust Company
Updated 10/17/2018
5.250
$536.46
Bank Iowa
Updated 10/17/2018
5.450
$541.39
Iowa-Nebraska State Bank
Updated 10/10/2018
5.250
$536.46
Dupaco CU
Updated 10/17/2018
5.250
$536.46
First Midwest Bank
Updated 10/17/2018
6.000
$555.1
PenFed
Updated 10/17/2018
5.250
$536.46
Chase
Updated 10/17/2018
7.130
$583.9
Great Southern Bank
Updated 10/17/2018
5.750
$548.85
First Citizens National Bank
Updated 10/10/2018
5.750
$548.85
Central Bank
Updated 10/17/2018
5.250
$536.46

Data from above provided by Informa Research Services, Inc.

NASSAU EDUCATORS
Updated 08/10/2018
Restrictions
0.99 Varies
UNITED NATIONS
Updated 08/10/2018
Restrictions
2.99 Varies
Bank of America, National Association
Updated 09/06/2018
3.49 Varies
Premier Bank
Updated 08/14/2018
3.49 Varies
Decorah Bank & Trust Company
Updated 08/20/2018
3.95 Varies
Bank Iowa
Updated 08/15/2018
3.99 Varies
ATLANTA POSTAL
Updated 08/12/2018
Restrictions
4.00 Varies
ALLIANT
Updated 08/12/2018
Restrictions
4.25 Varies
First National Bank
Updated 08/24/2018
4.50 Varies
Hills Bank and Trust Company
Updated 08/15/2018
4.50 Varies
CBI Bank & Trust
Updated 08/24/2018
4.75 Varies
DIGITAL
Updated 08/08/2018
Restrictions
4.75 Varies
U.S. Bank National Association
Updated 08/20/2018
4.99 Varies
Wells Fargo Bank, National Association
Updated 08/09/2018
5.00 Varies
Farmers Trust and Savings Bank
Updated 08/22/2018
5.00 Varies
Farmers State Bank
Updated 08/14/2018
5.00 Varies
PENTAGON
Updated 08/10/2018
Restrictions
5.00 Varies
VIRGINIA CREDIT UNION, INC.,
Updated 08/10/2018
Restrictions
5.00 Varies
CITIZENS EQUITY FIRST
Updated 08/12/2018
Restrictions
5.24 Varies
Luana Savings Bank
Updated 08/15/2018
5.25 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 Iowa 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 6.51%.

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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