Montana Home Equity Line of Credit
Lender | APR (%)? | Min. Initial Draw Amount |
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AmeriSave Mortgage Corporation / NMLS ID: 1168 |
Home Equity Lines, Refinance, & Second Mortgages |
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Figure Home Equity Line Equal Housing Lender / NMLS ID: 1717824 |
HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. |
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Rate / NMLS ID: 2611 |
Lightning Fast HELOC |
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Clearwater Federal Credit Union
Updated 2024-10-11 / NMLS ID: 447584 See Table |
8.500 %
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$0 |
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Whitefish Credit Union
Updated 2024-10-10 / NMLS ID: 409281 See Table |
8.250 %
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$0 |
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Opportunity Bank of Montana
Updated 2024-10-11 / NMLS ID: 412554 See Table |
8.000 %
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$0 |
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First Interstate Bank
Updated 2024-10-11 / NMLS ID: 561537 See Table |
9.500 %
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$0 |
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Navy FCU
Updated 2024-10-11 / NMLS ID: 399807 See Table |
8.250 %
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$0 | |
Washington Trust Bank
Updated 2024-10-11 / NMLS ID: 728368 See Table |
9.000 %
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$0 |
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Bank of America
Updated 2024-10-11 / NMLS ID: 399802 See Table |
Intro APR 6.740 %
After Intro: 8.640 % Intro Period: 6 months |
$100,000 |
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details. |
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Pentagon Credit Union Updated 06/25/2020 Restrictions See Table |
3.750 % | Varies | |
Citibank, National Association Updated 01/19/2021 See Table |
3.990 % | Varies | |
State Employees Cu Of Maryland, Inc Credit Union Updated 01/17/2020 Restrictions See Table |
4.750 % | Varies | |
Alliant Credit Union Updated 01/17/2020 Restrictions See Table |
4.750 % | Varies | |
Valley Bank Of Kalispell Updated 08/29/2019 See Table |
5.250 % | Varies | |
Everbank, National Association Updated 06/25/2019 See Table |
5.500 % | Varies | |
Virginia Credit Union, Inc., Credit Union Updated 03/10/2020 Restrictions See Table |
5.500 % | Varies | |
Citizens Equity First Credit Union Updated 08/27/2019 Restrictions See Table |
5.540 % | Varies | |
United Nations Credit Union Updated 09/13/2019 Restrictions See Table |
5.630 % | Varies | |
Charles Schwab Bank, Ssb Updated 09/27/2019 See Table |
5.740 % | Varies | |
Navy Federal Credit Union Credit Union Updated 01/30/2023 Restrictions See Table |
5.750 % | Varies | |
Jovia Financial Credit Union Updated 02/28/2023 Restrictions See Table |
5.990 % | Varies | |
Bank Of America, National Association Updated 04/21/2023 See Table |
6.490 % | Varies | |
D. L. Evans Bank Updated 04/26/2024 See Table |
7.750 % | Varies | |
U.s. Bank National Association Updated 05/07/2023 See Table |
8.650 % | 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.
1 Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance 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 $100,000 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.