Home Equity Line of Credit

2.99% APR
6-Month1 Introductory Rate

Adjusts to a minimum as low as 9.25% APR with auto pay

Fund your passion with a HELOC

Take advantage of these additional rate discounts after the introductory rate based on eligible deposit accounts held at Rocky Mountain Bank, a division of HTLF Bank.2

Rate DiscountDeposit Account BalanceAPR
0.00%$0 - $49,999.99as low as 9.25%
0.25%$50,000 - $99,999.99as low as 9.00%
0.50%$100,000 - $199,999.99as low as 8.75%
0.75%$200,000 and aboveas low as 8.50%

What’s the difference between a Home Equity Line of Credit and a Home Equity Installment Loan?

Both loans use the equity in your home as collateral, so what’s the difference?

A Home Equity Line of Credit (HELOC) is a revolving credit line similar to a credit card. The borrower can draw money on the HELOC, pay it back and then draw on it again if they choose. 

A Home Equity Installment Loan is a fixed-term loan with a fixed interest rate. The borrower will receive the lump sum of the amount they are approved for, and then will pay it back with a fixed-term and fixed interest rate.

A HELOC may be the best option if you aren’t sure when or how much money you need. If you do not draw money from your HELOC, you do not have to make any payments. A Home Equity Installment Loan would be a good option if you have a larger project that you know the cost of upfront.

Speak With One of Our HELOC Experts

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Contact Us to Get Started

1The introductory Annual Percentage Rate (APR) for the first 6 months will be fixed at 2.99% with a cap at $500,000 lending limit. Introductory APR for loan-to-value (LTV) between 80% - 90% will be fixed at 4.24%. After the introductory rate period ends, the loan will become a variable rate loan and subject to change based on changes to the index. The index used to determine the interest rate is the Wall St. Journal Prime Rate. Current index as of 06/24/2024 was 8.50%, plus a margin of 0.75%. Your margin and APR will be based on credit history, loan-to-value, eligible deposit account balance with Rocky Mountain Bank, a division of HTLF Bank and automatic monthly payments. Automatic payment from Rocky Mountain Bank, a division of HTLF Bank checking account is required or 0.25% will be added to the APR. The minimum APR for plans with an 80% or less LTV is 3.25% and LTV between 80%-90% will be 4.50%. Maximum APR is 17.50% on all plans. No origination fee will be charged. Hazard insurance is required, and flood insurance may be required. Third party fees, if applicable, range from $0-$5,000. $50$15 annual fee will be assessed on the anniversary date of the loan.

2Eligible deposit accounts include personal consumer checking, savings, and money market accounts. Funds must be in deposit account prior to final loan approval.

The offer is available on new lines only, owner occupied homes. To qualify as a new line, you may not have had a line using the same owner-occupied home as collateral with Rocky Mountain Bank, a division of HTLF Bank within the past 30 days. Not available on piggyback loans to purchase property, homes that are for sale and/or listed for sale, purchase money HELOCs and refinancing existing bank mortgage or HELOC debt even if new money. Subject to credit approval and normal underwriting guidelines. Contact lender for details. Introductory rate effective for applications received on or after July 28, 2023 and may change at any time.

1The introductory Annual Percentage Rate (APR) for the first 6 months will be fixed at 2.99% with a cap at $500,000 lending limit. The Maximum loan-to-value (LTV) is 80%. After the introductory rate period ends, the loan will become a variable rate loan and subject to change based on changes to the index. The index used to determine the interest rate is the Wall St. Journal Prime Rate. Current index as of 06/24/2024 was 8.50%, plus a margin of 0.75%. Your margin and APR will be based on credit history, eligible deposit account balance with Rocky Mountain Bank, a division of HTLF Bank and automatic monthly payments. Automatic payment from Rocky Mountain Bank, a division of HTLF Bank checking account is required or 0.25% will be added to the APR. The minimum APR for plans with an 80% or less LTV is 3.25%. Maximum APR is 10.00% on all plans. No origination fee will be charged. Hazard insurance is required, and flood insurance may be required. Third party fees, if applicable, range from $0-$5,000. Third party fees will be waived except for appraisal fee. No annual fee.

2Eligible deposit accounts include personal consumer checking, savings, and money market accounts. Funds must be in deposit account prior to final loan approval.

The offer is available on new lines only, owner occupied homes. To qualify as a new line, you may not have had a line using the same owner-occupied home as collateral with Rocky Mountain Bank, a division of HTLF Bank within the past 30 days. Not available on piggyback loans to purchase property, homes that are for sale and/or listed for sale, purchase money HELOCs and refinancing existing bank mortgage or HELOC debt even if new money. Subject to credit approval and normal underwriting guidelines. Contact lender for details. Introductory rate effective for applications received on or after July 28, 2023 and may change at any time.

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