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heloc rates bank of america

A U.S. Bank Home Equity Line of Credit, or HELOC, lets the equity you’ve built in your home work harder for you. By borrowing funds against your home’s equity when you need it, a HELOC can be ideal whether you’re paying for a major expense or simply want to have quick access to emergency funds.

Home equity line of credit, or HELOC, rate: As of Oct 6, 2019, the average HELOC rate is 6.76%. Best HELOC lenders of 2019 The best HELOC lenders offer lines of credit with competitive interest.

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The following discounts are available on a new home equity line of credit (HELOC): (1) an "auto pay" discount of 0.25% for setting up automatic payment (at or prior to HELOC account opening) and maintaining such automatic payments from an eligible Bank of America deposit account; (2) an "initial draw" discount of 0.10% for every $10,000 initially withdrawn at account opening (up to 1.50% for initial draws of $150,000 or more) when that minimum balance is maintained for at least the.

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To learn more about the Bank of America Homebuyer Insights Report, click here. Bank of America’s Consumer Lending unit includes First Mortgage, Home Equity, Consumer Vehicle Lending, and Residential.

Home equity line of credit rates ;. BMO Harris Bank offers a home equity loan product with low loan minimums, low fees and a variety of term options.. a home equity line of credit, or HELOC.

The Offer. Currently, Bank of America is offering qualified homeowners an opportunity to take out a new home equity line of credit with an interest rate as low as 2.99%. The introductory interest rate is variable but can remain as low as the advertised rate for the first 12 months; after that time, the rate may be as low as 4.56%.

Bank of America mortgage review 2019. Ideal for borrowers who prefer a traditional bank. Bank of America offers several loans with low down payments, and existing customers may get a discount on fees.

Take advantage of a special low introductory home equity line of credit rate. learn about our low HELOC rate for the first 12 months and the interest-rate discounts available after the intro period. Apply online at Bank of America.