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Oklahoma Home Equity Line of Credit Rates

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

Oklahoma Home Equity Line of Credit

July 20, 2018 Average Rate: 6.13%

Lender	Rate (%)	Monthly Payment	Learn More
	5.740	$291.47	Learn More
First Fidelity Bank Updated 07/20/2018	5.000	$530.33
True Sky CU Updated 07/20/2018	5.500	$542.63
USE Federal Credit Union Updated 07/20/2018	5.000	$530.33
Bank of Oklahoma Updated 07/20/2018	5.500	$542.63
Bank of the West Updated 07/20/2018	5.990	$554.85
Tinker FCU Updated 07/20/2018	4.950	$529.11
Navy FCU Updated 07/20/2018	5.750	$548.85
Prosperity Bank Updated 07/17/2018	4.990	$530.08
IBC Bank Updated 07/20/2018	6.000	$555.1
State Farm Bank Updated 07/20/2018	6.850	$576.68
BancFirst Updated 07/20/2018	6.000	$555.1
Pentagon FCU Updated 07/20/2018	5.000	$530.33
FNB Community Bank Updated 07/20/2018	5.000	$530.33
Communication FCU Updated 07/20/2018	4.290	$513.15
Oklahoma Educators CU Updated 07/20/2018	5.340	$538.68
PenFed Updated 07/20/2018	5.000	$530.33
Bank of America Updated 07/20/2018	7.420	$591.42
Capwest Mortgage Corp. Updated 07/20/2018	5.250	$536.46
Chase Updated 07/20/2018	6.880	$577.45
MidFirst Bank Updated 07/20/2018	5.500	$542.63
Citizens Bank of Edmond Updated 07/20/2018	6.250	$561.4
Tulsa Teachers CU Updated 07/17/2018	5.000	$530.33
Bethpage FCU Updated 07/20/2018	6.000	$555.1
First United Bank and Trust Updated 07/20/2018	5.750	$548.85
Arvest Bank Updated 07/20/2018	5.500	$542.63
Oklahoma Employees Credit Union Updated 07/20/2018	5.000	$530.33
Armstrong Bank Sallisaw Updated 07/20/2018	5.730	$548.35
Allegiance CU Updated 07/20/2018	5.250	$536.46
Data from above provided by Informa Research Services, Inc.
MidFirst Bank Updated 12/29/2017	1.00	Varies	Learn MoreShow Less
U.S. Bank National Association Updated 03/16/2017	1.99	Varies	Learn MoreShow Less
UNITED NATIONS Updated 09/21/2017 Restrictions	2.49	Varies	Learn MoreShow Less
BOKF, National Association Updated 12/29/2017	3.99	Varies	Learn MoreShow Less
ATLANTA POSTAL Updated 10/10/2017 Restrictions	4.00	Varies	Learn MoreShow Less
ALLIANT Updated 09/20/2017 Restrictions	4.00	Varies	Learn MoreShow Less
PENTAGON Updated 09/21/2017 Restrictions	4.25	Varies	Learn MoreShow Less
NAVY FEDERAL CREDIT UNION Updated 09/04/2017 Restrictions	4.50	Varies	Learn MoreShow Less
PATELCO Updated 09/21/2017 Restrictions	4.50	Varies	Learn MoreShow Less
Bank of America, National Association Updated 04/17/2018	4.68	Varies	Learn MoreShow Less
Wells Fargo Bank, National Association Updated 02/14/2018	4.75	Varies	Learn MoreShow Less
American Heritage Bank Updated 01/10/2018	4.75	Varies	Learn MoreShow Less
CITIZENS EQUITY FIRST Updated 10/10/2017 Restrictions	4.75	Varies	Learn MoreShow Less
Bank of the West Updated 03/16/2017	4.80	Varies	Learn MoreShow Less
TIAA, FSB Updated 06/28/2017	4.88	Varies	Learn MoreShow Less
JPMorgan Chase Bank, National Association Updated 05/16/2018	5.00	Varies	Learn MoreShow Less
Citibank, National Association Updated 02/06/2018	5.24	Varies	Learn MoreShow Less
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 Oklahoma 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 6.13%.

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.