Third Federal Savings & Loan is currently offering a low HELOC rate: Prime - 1.01%. This rate is avaialble on all balances from $50,000 to $200,000. Balances from $10,000 to $49,999 have the rate of Prime - 0.51%. The line can be up to a 80% loan-to-value. There is no minimum advance or draw, and there are [...]
Stanford Federal Credit Union has a nice HELOC promotion going on right now: A HELOC with a three-month 4.75% teaser rate. The rate goes up to Prime+0% after the first three months. This HELOC has no prepayment penalties, no points, no annual fees, and “in most cases, start-up costs are $0.” Lines can be up [...]
Spencer Savings Bank has one of the lower variable HELOC rates we’ve seen recently: Their “SpencerFlex” line of credit for owner-occupied properties is Prime - .76%. The home must be a 1-to-4-family New Jersey home, and the HELOC has a minimum conversion balance of $25,000. Lines in excess of $150,000 have application fees starting at [...]
NASA Federal Credit Union has a nice HELOC offer: 3.99% APR for the first six months, then Prime - .50% for the remainder of the line of credit. You can borrow up to 90% of your home’s value to a maximum of $100,000 or 80% up to $400,000. The HELOC also has no closing costs, [...]
You don’t see a lot of fixed Home Equity Lines of Credit, so I wanted to mention this one: Columbia Bank in Washington and Oregon has a fixed HELOC at 6.25%. The loan has a minimum line of $10,000 and a maximum of $25,000 for a 5-year draw and a 10-year repayment. The loan-to-value can [...]
MassMutual FCU has a good HELOC Introductory rate : 2.99% for three months for up to 80% loan-to-value. Up to 90% loan-to-value, the intro rate goes up to 3.99%. After the introductory period, the rate reverts to Prime plus .50%. There are no appraisal fees, annual fees, title fees or application fees with this offer, [...]
