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Texas Home Equity Line of Credit Rates

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

Texas Home Equity Line of Credit

January 21, 2018: Average rate - 5.20%

Lender Rate (%) Monthly Payment Learn More
Randolph Brooks FCU
Updated 01/21/2018
4.000
$506.23
Whitney Bank
Updated 01/21/2018
4.250
$512.19
Trustmark NB
Updated 01/21/2018
4.250
$512.19
TrustMark National Bank
Updated 01/21/2018
4.250
$512.19
United Heritage Credit Union
Updated 01/21/2018
4.450
$516.99
PenFed
Updated 01/21/2018
4.500
$518.19
Pentagon FCU
Updated 01/21/2018
4.500
$518.19
Cadence Bank
Updated 01/16/2018
4.500
$518.19
BB&T
Updated 01/21/2018
4.740
$524
Prosperity Bank
Updated 01/21/2018
4.750
$524.24
IberiaBank
Updated 01/21/2018
4.750
$524.24
Broadway Bank
Updated 01/21/2018
4.990
$530.08
Bank of Texas-Dallas/Fort Worth
Updated 01/21/2018
5.000
$530.33
Amegy Bank
Updated 01/18/2018
5.000
$530.33
BBVA Compass Bank
Updated 01/21/2018
5.240
$536.21
A+ Federal Credit Union
Updated 01/21/2018
5.250
$536.46
MidSouth Bank
Updated 01/17/2018
5.250
$536.46
Frost Bank
Updated 01/21/2018
5.490
$542.38
IBC Bank
Updated 01/21/2018
5.500
$542.63
Comerica Bank
Updated 01/21/2018
5.500
$542.63
Security Service FCU - Central
Updated 01/21/2018
5.500
$542.63
Wells Fargo
Updated 01/21/2018
5.750
$548.85
Citizens National Bank
Updated 01/21/2018
5.750
$548.85
Legacy Bank
Updated 01/21/2018
6.000
$555.1
State Farm Bank
Updated 01/21/2018
6.350
$563.93
Regions Bank
Updated 01/21/2018
6.375
$564.57
Chase
Updated 01/21/2018
6.380
$564.69
Bank of America
Updated 01/21/2018
6.840
$576.43

Data from above provided by Informa Research Services, Inc.

Armed Forces Bank, National Association
Updated 08/24/2017
1.99 Varies
U.S. Bank National Association
Updated 03/16/2017
1.99 Varies
BB&T
Updated 12/28/2016
2.24 Varies
UNITED NATIONS
Updated 09/21/2017
Restrictions
2.49 Varies
Bank of America, National Association
Updated 01/05/2018
3.24 Varies
RANDOLPH-BROOKS
Updated 10/12/2017
Restrictions
3.75 Varies
TOWER
Updated 10/11/2017
Restrictions
3.75 Varies
ATLANTA POSTAL
Updated 10/10/2017
Restrictions
4.00 Varies
Alliant Credit Union
Updated 09/20/2017
Restrictions
4.00 Varies
Pentagon Federal Credit Union
Updated 09/21/2017
Restrictions
4.25 Varies
AMERICAN AIRLINES
Updated 09/22/2017
Restrictions
4.25 Varies
EASTMAN
Updated 07/26/2017
Restrictions
4.25 Varies
Navy Federal Credit Union
Updated 09/04/2017
Restrictions
4.50 Varies
PATELCO
Updated 09/21/2017
Restrictions
4.50 Varies
JPMorgan Chase Bank, National Association
Updated 01/11/2018
4.75 Varies
Wells Fargo Bank, National Association
Updated 01/05/2018
4.75 Varies
CITIZENS EQUITY FIRST
Updated 10/10/2017
Restrictions
4.75 Varies
TIAA, FSB
Updated 06/28/2017
4.88 Varies
Citibank, National Association
Updated 01/05/2018
5.09 Varies
SECURITY SERVICE
Updated 10/17/2017
Restrictions
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 Texas 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 5.20%.

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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