Our U.S. Bank self-service tool makes it even easier to manage your HELOC and lock or unlock rates on your own. Check out this video to learn how. Step 2 Select your HELOC account. Step 3 Choose to lock or unlock a fixed rate. ...
Best home equity line of credit (HELOC) rates in January 2025 LOAN TYPE CREDIT LINE AMOUNT TERM PERIOD CURRENT APR Comerica Bank $10,000–$500,000 30 years 6.24% Bethpage Federal Credit Union Up to $1 million 10-year draw, 20-year repay 6.99% BMO $25,000-$150,000 10-year draw...
Variable rates:HELOCs have a fluctuating interest rate, which means the rate can go up or down depending on the economy and prevailing market rates. If your rate goes up significantly, you might no longer be able to manage the payments. ...
home equity rates † Click to go to home equity assumptions page Information for: Go and get state information You could enjoy a variable introductory rate on a home equity line of credit Now: 5.990% Special Introductory variable APRVariable APR Disclosures† for 6 months Later: 8.900% Varia...
home equity rates † Click to go to home equity assumptions page Information for: Go and get state information You could enjoy a variable introductory rate on a home equity line of credit Now: 5.990% Special Introductory variable APRVariable APR Disclosures† for 6 months Later: 8.900% Varia...
Variable-rate HELOCs typically have two types of rate cap: the periodic cap limits how much your rate can increase each time it's adjusted, and the lifetime cap sets the maximum rate you'll be charged, even if market rates go higher. You'll only be charged interest for the loan amount...
Top HELOC rates for January 2025 LenderAPRIntroductory APRLoan amountHELOC termsMax LTV US Bank7.95% to 11.6%N/A$15,000 – $750,000, up to $1 million for properties in California10-year draw period, unspecified repayment period80%
Best brick-and-mortar lender: Bank of America Bank of America Home Mortgage Loans Learn More Annual Percentage Rate (APR) Apply online for personalized rates Types of loans Conventional, FHA, VA, Affordable Loan Solution® mortgage, jumbo, medical professional, refinancing, HELOC Terms Varies Cred...
Potentially Lower Interest Rates: HELOCs often have interest rates lower than credit cards or personal loans, making them a great debt consolidation option in many cases. Tax Deductions: Interest payments on a HELOC can be tax-deductible if the funds are used for home improvements. Be sure to...
Visit Us Today Low Rates | Interest Only Payments | Easy Access to Funds Payments based on Amount Uses | Auto Debit Discount You can use a HELOC for a variety of things. Home Equity Lines and Loans2 may be used for any purpose: Debt Consolidation, Home Improvements, Major Purchases (app...