Here's an Amazing Home Equity Line of Credit Rate
0% FOR 6 MONTHS – 3.99% VARIABLE APR AFTER THAT*
PLUS NO ANNUAL FEE
Your home’s equity would do anything for you
The equity in your home wants you to know it’s here for you – and not just for home improvements. Use a home equity loan or line of credit for anything!
- Say goodbye to that higher-interest debt
- Take on the kitchen remodel you’ve been dreaming about
- Stop putting off those window replacements and roof repairs
- Add a home gym (and toss that dusty Ab Lounger)
- Make any other big purchase (new car, anyone?) and take advantage of a lower rate
Home Equity Line of Credit (HELOC)
A great option for when you need more flexibility. You have access to a pool of money and only borrow what you need when you need it.
- Borrow up to 100% of your home’s equity (maximum loan amounts apply)
- Get a variable rate as low as prime minus 0.50%3
- Lock in your balance to a low rate for a term of up to 15 years5
- No or low closing costs6
- Forget about annual fees or prepayment penalties*
- Deduct your interest from your taxes (if eligible)7
- Use it whenever anything unexpected comes up
- Access your funds easily online
Interest-Only Home Equity Line of Credit (HELOC)
A great option for when you’re looking for a lower, more affordable payment. Payments only include interest accrued on the loan – no principal – during the “draw” or borrowing period.
- Get ALL the same advantages of a standard HELOC with the same low rate!
- But enjoy a smaller minimum payment – just interest accrued on the loan since the previous due date, or $50 (whichever’s greater)
- Make larger payments when you have funds to do so (great if you work on commission or seasonal income!)
Home Equity Loan
A great option for when you have a project in mind and know the price tag. You take a set amount of money at a fixed rate and term.
- Borrow up to 100% of your home’s equity (maximum loan amounts apply)
- Get a great, low rate with low closing costs
- Deduct your interest from your taxes (if eligible)7
- Never pay an annual fee or prepayment penalty
home equity line of credit rates
The rates below are based on loan-to-value (LTV) ratio, which is your mortgage balance divided by your home’s value.
Home Equity Line of Credit (HELOC) Rates
Apply
As Low As 0.00% APR
First 6 Months*
3.99% APR
Variable Rate After That
Home Equity Line of Credit — Up to 70% LTV (Variable/Fixed)
Rates Effective May 26, 2022
Calculate your monthly payment
| Term (up to) | APR (as low as) | VPR (as low as) | Monthly Payment | |
| 6-Month Fixed Intro Rate4 | 0.00% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
|
| Variable, Revolving3 | 3.99% | Prime - 0.50% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
| Fixed 60 Months2 | 3.99% | $18.45 |
|
|
| Fixed 120 Months2 | 4.99% | $10.63 |
|
|
| Fixed 180 Months2 | 6.49% | $8.74 |
|
Home Equity Line of Credit — Up to 80% LTV (Variable/Fixed)
Rates Effective May 26, 2022
Calculate your monthly payment
| Term (up to) | APR (as low as) | VPR (as low as) | Monthly Payment | |
| 6-Month Fixed Intro Rate4 | 0.00% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
|
| Variable, Revolving3 | 4.49% | Prime - 0.25% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
| Fixed 60 Months2 | 3.99% | $18.45 |
|
|
| Fixed 120 Months2 | 4.99% | $10.63 |
|
|
| Fixed 180 Months2 | 6.49% | $8.74 |
|
Home Equity Line of Credit — Up to 90% LTV (Variable/Fixed)
Rates Effective May 26, 2022
Calculate your monthly payment
| Term (up to) | APR (as low as) | VPR (as low as) | Monthly Payment | |
| 12-Month Fixed Intro Rate4 | 2.99% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
|
| Variable Revolving3 | 4.99% | Prime + 0.50% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
| Fixed 60 Months2 | 4.99% | $18.91 |
|
|
| Fixed 120 Months2 | 5.99% | $11.13 |
|
|
| Fixed 180 Months2 | 6.99% | $9.02 |
|
Home Equity Line of Credit — Up to 100% LTV (Variable/Fixed)
Rates Effective May 26, 2022
Calculate your monthly payment
| Term (up to) | APR (as low as) | VPR (as low as) | Monthly Payment | |
| 12-Month Fixed Intro Rate4 | 5.99% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
|
| Variable, Revolving3 | 7.99% | Prime + 3% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
| Fixed 60 Months2 | 8.49% | $20.59 |
|
|
| Fixed 120 Months2 | 9.89% | $13.21 |
|
|
| Fixed 180 Months2 | 10.24% | $10.95 |
|
home equity loan rates
The rates below are based on loan-to-value (LTV) ratio, which is your mortgage balance divided by your home’s value.
Home Equity Loan Rates — Up to 70% LTV
Rates Effective May 26, 2022
Calculate Your Monthly Payment
| Term (up to) | APR (as low as) | Monthly Payment | |
| 36 Months | 3.99% | $29.58 |
|
| 48 Months | 3.99% | $22.62 |
|
| 60 Months | 3.99% | $18.45 |
|
| 84 Months | 4.49% | $13.93 |
|
| 120 Months | 4.99% | $10.63 |
|
| 180 Months | 6.49% | $8.74 |
|
Home Equity Loan Rates — Up to 80% LTV
Rates Effective May 26, 2022
Calculate Your Monthly Payment
| Term (up to) | APR (as low as) | Monthly Payment | |
| 36 Months | 3.99% | $29.58 |
|
| 48 Months | 3.99% | $22.62 |
|
| 60 Months | 3.99% | $18.45 |
|
| 84 Months | 4.49% | $13.93 |
|
| 120 Months | 4.99% | $10.63 |
|
| 180 Months | 6.49% | $8.74 |
|
Home Equity Loan Rates — Up to 90% LTV
Rates Effective May 26, 2022
Calculate your monthly payment
| Term (up to) | APR (as low as) | Monthly Payment | |
| 36 Months | 4.99% | $30.03 |
|
| 48 Months | 4.99% | $23.08 |
|
| 60 Months | 4.99% | $18.91 |
|
| 84 Months | 5.49% | $14.40 |
|
| 120 Months | 5.99% | $11.13 |
|
| 180 Months | 6.99% | $9.01 |
|
Home Equity Loan Rates — Up to 100% LTV
Rates Effective May 26, 2022
Calculate your monthly payment
| Term (up to) | APR (as low as) | Monthly Payment | |
| 36 Months | 8.49% | $31.68 |
|
| 48 Months | 8.49% | $24.73 |
|
| 60 Months | 8.49% | $20.59 |
|
| 84 Months | 8.64% | $15.79 |
|
| 120 Months | 9.89% | $13.21 |
|
| 180 Months | 10.24% | $10.95 |
|
Tools & Resources
Calculators
Worksheets
FAQs
Amount of equity in your home based on loan-to-value.
HOME EQUITY LOAN OR LINE OF CREDIT?
Find out what works best for you.
CALCULATE A HOME EQUITY LOAN PAYMENT
Calculate your loan payment.
CALCULATE A HOME EQUITY LINE OF CREDIT PAYMENT
Calculate your home equity line of credit payment.
CONSOLIDATING DEBT WITH HOME EQUITY
Home equity loans can be used to consolidate account balances from multiple credit cards or installment loans into a single loan.
Related Content
Home equity loan or line of credit (HELOC) — which one’s right for you?
Thinking about making some home improvements this fall — or planning ahead so you’re first in line with your contractors next spring? Then you’re probably on the lookout for affordable financing. One option that could be a good fit: tapping into the equity of your home.
Thinking about making some home improvements this fall — or planning ahead so you’re first in line with your contractors next spring? Then you’re probably on the lookout for affordable financing. One option that could be a good fit: tapping into the equity of your home.
From home improvements to paying off higher interest debt, there are many ways to use your home's equity. Learn about the difference between a Home Equity Loan and Home Equity Line of Credit - and how you can use one to make things happen.
Sure, decluttering might seem like the craziest thing we could suggest in the middle of making the holiday magic happen, but here’s the thing: maybe it could actually bring you a little more joy this holiday season.
Yes, it’s possible to create the home of your dreams, and it may be easier than you think with a home equity loan. But how does it work? Get up to speed with these tips from our very own Kim Sponem.