Oklahoma Home Equity Line of Credit
March 3, 2021 Average Rate: 5.01%
Lender | APR (%)? | Min. Initial Draw Amount |
Learn More |
---|---|---|---|
![]() Bethpage Federal Credit Union Equal Housing Lender / NMLS ID: 449104 See Table |
Intro APR 2.990 % After Intro: 3.750 % Intro Period: 12 months |
$25,000 | Learn More |
|
|||
![]() Figure Home Equity Line Equal Housing Lender / NMLS ID: 1717824 See Table |
Fastest HELOC on the planet! Apply in 5 minutes & close in days | Learn More | |
|
|||
First Fidelity Bank Updated 2021-03-03 / NMLS ID: 408914 See Table |
4.000 %
|
$0 | |
BancFirst Updated 2021-03-03 / NMLS ID: 441224 See Table |
4.250 %
|
$0 | |
Allegiance CU Updated 2021-03-03 / NMLS ID: 410417 See Table |
3.500 %
|
$0 | |
Bank of the West Updated 2021-03-03 / NMLS ID: 19116 See Table |
4.140 %
|
$50,000 | |
Washington Trust Bank Updated 2021-03-03 / NMLS ID: 728368 See Table |
4.000 %
|
$0 | |
Bank of America Updated 2021-03-03 / NMLS ID: 399802 See Table |
5.790 %
|
$50,000 | |
Bank of Oklahoma Updated 2021-03-03 / NMLS ID: 403501 See Table |
4.500 %
|
$0 | |
Weokie CU Updated 2021-03-03 / NMLS ID: 442689 See Table |
3.990 %
|
$0 | |
Tinker FCU Updated 2021-03-03 / NMLS ID: 490973 See Table |
3.000 %
|
$0 | |
Oklahoma's Credit Union Updated 2021-03-03 / NMLS ID: 729556 See Table |
3.250 %
|
$0 | |
HSBC Updated 2021-03-03 / NMLS ID: 399799 See Table |
Intro APR 1.740 % After Intro: 5.420 % Intro Period: 12 months |
$25,000 | |
First United Bank and Trust Updated 2021-03-03 / NMLS ID: 400025 See Table |
3.750 %
|
$0 | |
FNB Community Bank Updated 2021-03-03 / NMLS ID: 403400 See Table |
3.500 %
|
$0 | |
MidFirst Bank Updated 2021-03-03 / NMLS ID: 619047 See Table |
Intro APR 2.990 % After Intro: 4.490 % Intro Period: 12 months |
$5,000 | |
Arvest Bank Updated 2021-03-03 / NMLS ID: 403249 See Table |
3.750 %
|
$0 | |
Armstrong Bank Sallisaw Updated 2019-09-30 / NMLS ID: 648682 See Table |
5.100 %
|
$0 | |
Citizens Bank of Edmond Updated 2019-11-11 / NMLS ID: 476821 See Table |
5.250 %
|
$0 | |
True Sky CU Updated 2021-03-03 / NMLS ID: 453933 See Table |
4.000 %
|
$5,000 | |
Oklahoma Educators CU Updated 2021-03-03 / NMLS ID: 809518 See Table |
4.750 %
|
$0 | |
Prosperity Bank Updated 2021-03-03 / NMLS ID: 466414 See Table |
5.250 %
|
$0 | |
USE Federal Credit Union Updated 2021-03-03 / NMLS ID: 466435 See Table |
4.750 %
|
$0 | |
Chase Updated 2020-04-17 / NMLS ID: 399798 See Table |
4.750 %
|
$30,000 | |
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details. |
|||
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 | |
Bank Of America, National Association Updated 01/18/2021 See Table |
4.700 % | 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 | |
Tinker Credit Union Updated 09/13/2019 Restrictions See Table |
5.250 % | Varies | |
U.s. Bank National Association Updated 08/20/2019 See Table |
5.390 % | Varies | |
Tiaa, Fsb Updated 06/25/2019 See Table |
5.500 % | Varies | |
Jovia Financial Credit Union Updated 08/27/2019 Restrictions 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 | |
Bokf, National Association Updated 08/28/2019 See Table |
5.750 % | Varies | |
Navy Federal Credit Union Credit Union Updated 08/27/2019 Restrictions See Table |
5.750 % | Varies | |
Bank Of The West Updated 08/07/2019 See Table |
6.040 % | Varies | |
American Heritage Bank Updated 08/28/2019 See Table |
6.250 % | 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 Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. 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 $50,000 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 5.01%.
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.