Home Equity Line Of Credit (HELOC) 90% CLTV

[Ron Drake]

Just did some research today on this since I have a lot of equity in my home, and thought I would share what I found. Searched local credit unions and big banks so your results may vary.

U.S. Bank is the winner so far

Up to 90% CLTV (Combined Loan To Value)

4.49% @ 90% CLTV. I know that will seem high at first but with all the other disclaimers on other products it isn't. Prime + 1.25% interest only. 3.99 @ lower LTV

Will waive $90 annual fee with qualified account. I have a mortgage on a house in Las Vegas so will be waived for me.

36 month early closure fee is $500

I found slightly better rates (credit unions), higher limits (B of A) but US Bank was the only one I found willing for qualified borrowers to go to 90%. B of A was 85%, most banks 80% but limited the ammount if you were over 70%

This is in California, your state may be different.