Best IL HELOC RatesIllinois Home Equity Line of Credit Rates

Compare home equity line of credit (HELOC) rates in Illinois

(Last Updated: 10/01/2020)
Home Equity Lenders
APR
Rate
Initial Draw
 Contact details
3.750% APR 3.750% Rate $0 Min. Initial Draw Amount
Conditions:
Variable APR of Prime + 0% (Floor 3.75%). APR based on LTV of 80% or lower, for loan amounts $10,000 - $400,000.
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  • Equal housing lender.
  • Available to members online seven days a week, 24 hours a day
  • Federally insured by NCUA
1.790% Intro APR
4.450% After Intro PeriodIntro Period: 6 months		 4.450% Rate $0 Min. Initial Draw Amount
Conditions:
Introductory rates as low as 1.79% APR for 6 months, with as low as 3.50% APR thereafter.*
  • Minimum monthly payment will vary based on outstanding balance and APR
  • Payments do not include taxes or insurance.
2.990% APR 2.990% Rate $0 Min. Initial Draw Amount
Conditions:
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com.
  • Third Federal rate are typically 20% lower than other leaders
  • Guaranteed Lowest Rate
  • No closing costs, prepayment penalties, or minimum draw requirements
  • 10 year draw period
Fastest Home Equity Line; Apply in minutes & close in days
Conditions:
Figure’s APRs can be as low as 2.99% for the most qualified applicants and will be higher for other applicants, depending on credit profile and the state where the property is located. For example, for a borrower with a CLTV of 45% and a credit score of 800 who is eligible for and chooses to pay a 4.99% origination fee in exchange for a reduced APR, a five-year Figure Home Equity Line with an initial draw amount of $50,000 would have a fixed annual percentage rate (APR) of 2.99%. The total loan amount would be $52,495. Your actual rate will depend on many factors such as your credit, combined loan to value ratio, loan term, occupancy status, and whether you are eligible for and choose to pay an origination fee in exchange for a lower rate. Payment of origination fees in exchange for a reduced APR is not available in all states. In addition to paying the origination fee in exchange for a reduced rate, the advertised rates include a combined discount of 0.75% for opting into Credit Union Membership (0.50%) and enrolling in autopay (0.25%). APRs for home equity lines of credit do not include costs other than interest. Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone.
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  • 100% digital app & online appraisal
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3.250% APR 3.250% Rate $0 Min. Initial Draw Amount
0.990% Intro APR
4.125% After Intro PeriodIntro Period: 6 months		 4.125% Rate $0 Min. Initial Draw Amount
5.750% APR 5.750% Rate $0 Min. Initial Draw Amount
3.250% APR 3.250% Rate $0 Min. Initial Draw Amount
4.250% APR 4.250% Rate $0 Min. Initial Draw Amount
2.990% Intro APR
4.500% After Intro PeriodIntro Period: 6 months		 4.500% Rate $0 Min. Initial Draw Amount
4.000% APR 4.000% Rate $0 Min. Initial Draw Amount
4.000% APR 4.000% Rate $0 Min. Initial Draw Amount
1.740% Intro APR
5.420% After Intro PeriodIntro Period: 12 months		 5.420% Rate $25,000 Min. Initial Draw Amount
2.990% Intro APR
4.000% After Intro PeriodIntro Period: 6 months		 4.000% Rate $25,000 Min. Initial Draw Amount
2.490% Intro APR
4.250% After Intro PeriodIntro Period: 12 months		 4.250% Rate $0 Min. Initial Draw Amount
4.000% APR 4.000% Rate $0 Min. Initial Draw Amount
4.750% APR 4.750% Rate $30,000 Min. Initial Draw Amount
4.990% APR 4.990% Rate $0 Min. Initial Draw Amount
3.250% APR 3.250% Rate $0 Min. Initial Draw Amount
4.000% APR 4.000% Rate $0 Min. Initial Draw Amount
4.420% APR 4.420% Rate $500 Min. Initial Draw Amount
5.150% APR 5.150% Rate $0 Min. Initial Draw Amount
1.990% Intro APR
3.490% After Intro PeriodIntro Period: 12 months		 3.490% Rate $0 Min. Initial Draw Amount
4.650% APR 4.650% Rate $0 Min. Initial Draw Amount
4.250% APR 4.250% Rate $0 Min. Initial Draw Amount
4.890% APR 4.890% Rate $50,000 Min. Initial Draw Amount

Disclaimer:
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

Home Equity Line of Credit - Rates are based on a variable rate, second lien revolving home equity line of credit for an owner occupied residence with an 80% loan-to-value ratio for line amounts of $50,000 or $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. Rates shown may be subject to regional pricing. 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 displayed may include discounts. Rates are subject to change without notice.

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