New Hampshire Home Equity Line of Credit Rates

Compare Home Equity Line of Credit rates from lenders in New Hampshire 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.

New Hampshire Home Equity Line of Credit

August 16, 2018 Average Rate: 6.15%

Lender Rate (%) Monthly Payment Learn More
5.740
$291.47 Learn More
4.240
$245.68 Learn More
DCU
Updated 08/16/2018
4.750
$524.24
Bellwether Community CU
Updated 08/16/2018
5.000
$530.33
Service Credit Union
Updated 08/16/2018
5.000
$530.33
Bank of New Hampshire
Updated 08/16/2018
5.000
$530.33
People's United Bank
Updated 08/16/2018
5.625
$545.73
Holy Rosary CU
Updated 08/16/2018
5.000
$530.33
State Farm Bank
Updated 08/16/2018
6.850
$576.68
Sovereign Bank
Updated 08/16/2018
5.750
$548.85
Triangle CU
Updated 08/16/2018
7.500
$593.51
Northway
Updated 08/16/2018
4.990
$530.08
St. Mary's Bank
Updated 08/16/2018
4.750
$524.24
Triangle Credit Union
Updated 08/16/2018
7.500
$593.51
Chase
Updated 08/16/2018
6.880
$577.45
Bank of America
Updated 08/16/2018
7.050
$581.83
TD Bank
Updated 08/16/2018
5.740
$548.6
Northeast CU
Updated 08/16/2018
5.000
$530.33
Pentagon FCU
Updated 08/16/2018
5.000
$530.33
Bethpage FCU
Updated 08/16/2018
6.000
$555.1
Northway Bank
Updated 08/16/2018
4.990
$530.08
Capwest Mortgage Corp.
Updated 08/16/2018
5.250
$536.46
PenFed
Updated 08/16/2018
5.000
$530.33
Navy FCU
Updated 08/16/2018
5.750
$548.85
Santander Bank
Updated 08/16/2018
5.500
$542.63

Data from above provided by Informa Research Services, Inc.

NBT Bank, National Association
Updated 08/08/2018
0.99 Varies
NASSAU EDUCATORS
Updated 08/10/2018
Restrictions
0.99 Varies
U.S. Bank National Association
Updated 03/16/2017
1.99 Varies
East Boston Savings Bank
Updated 08/10/2018
2.49 Varies
Salem Five Cents Savings Bank
Updated 08/10/2018
2.75 Varies
Meredith Village Savings Bank
Updated 12/28/2016
2.95 Varies
Merrimack County Savings Bank
Updated 12/28/2016
2.95 Varies
Northway Bank
Updated 12/28/2016
2.99 Varies
Franklin Savings Bank
Updated 12/28/2016
2.99 Varies
Bank of New Hampshire
Updated 06/28/2017
2.99 Varies
LOGIX
Updated 08/11/2018
Restrictions
2.99 Varies
UNITED NATIONS
Updated 08/10/2018
Restrictions
2.99 Varies
Piscataqua Savings Bank
Updated 12/15/2016
3.50 Varies
Savings Bank of Walpole
Updated 12/28/2016
3.50 Varies
Salem Co-operative Bank
Updated 12/28/2016
3.50 Varies
Federal Savings Bank
Updated 12/28/2016
3.50 Varies
Mascoma Bank
Updated 12/28/2016
3.99 Varies
Sugar River Bank
Updated 12/28/2016
4.00 Varies
ATLANTA POSTAL
Updated 08/12/2018
Restrictions
4.00 Varies
Claremont Savings Bank
Updated 12/28/2016
4.25 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 New Hampshire 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 6.15%.

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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