Best HELOC Rates and Lenders in Wyoming (2024)

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Reviewed byTimothy Manni
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Reviewed byTimothy Manni
Edited byRae Osborn
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Updated: April 23, 2024

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The best HELOC lender in Wyoming is Lower. It stands out for its competitive APR range of 8.75% to 13.5% and offers loan amounts from $15,000 to $500,000. With no annual fees and a low minimum credit score of 580, it ensures broad access to homeowners. It operates exclusively online.

MoneyGeek evaluated 10 HELOC lenders to guide Wyoming homeowners. These are not the only options in the state. Homeowners may also explore UniWyo Credit Union, WyHy Federal Credit Union and Blue Federal Credit Union, which offer unique benefits to their members.

Best HELOC Lenders in Wyoming

Best Overall: Lower

Best for Affordability: Aven

Best for Bad Credit: U.S. Bank

Best for Large Loan Amounts: Bank of America

Best for Debt Consolidation: PNC Bank

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    Overall Best HELOC Lender in Wyoming

  • Lower

    • 8.75% to 13.5%APR Range
    • $15,000 to $500,000Loan Amount Range
    • 580Minimum Credit Score
    • 10-year draw period; undisclosed repayment period Repayment Terms
    • NoneAnnual Fees

    Lower is the best HELOC lender for homeowners in Wyoming. With an APR range of 8.75% to 13.5%, Lower helps homeowners access their home equity without a hefty price tag. Loans start at $15,000 and go up to $500,000, with a minimum credit score requirement of just 580, making funding accessible to a wider range of borrowers. Homeowners can benefit from personalized support to navigate their HELOC, with the added peace of mind that comes from an A+ BBB rating.

    Pros

    • No annual fee
    • Credit scores from 580 accepted
    • Personalized post-loan support

    Cons

    • No rate discounts offered
    • No fixed-rate HELOC conversion
    • Unclear repayment period length
    Lower
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HELOC Rates in Wyoming by Credit Score

Your home equity line of credit (HELOC) APR in Wyoming may vary due to various factors. Despite a good credit score and a loan-to-value ratio under 80%, rates can differ based on repayment terms. Review the following table to see rate adjustments for different parameters.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:680 - 740
LTV Ratio:
LTV Ratio:80% or lower
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Shopping around for the best APR on a HELOC in Wyoming can save you money over the life of the loan. A lower APR means lower monthly payments and less interest paid out over time, making it easier to manage your borrowing and keep costs down. Taking the time to compare can lead to significant savings.

HELOC Calculator: Do You Qualify in Wyoming?

Homeowners in Wyoming might be looking at TransUnion's report for some good news on Total Tappable Equity, indicating how much you may borrow against your home's value. With higher home equity, your borrowing potential increases. The average credit score in the state is 724, as cited by Experian, suggesting a reasonable chance to secure a HELOC in Wyoming.

To get a HELOC, you must meet various criteria, with equity and a good credit score being key factors. The HELOC calculator allows you to estimate your eligibility by inputting different values. This tool fine-tunes your search, aligning expectations with realistic lending options.

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    Best HELOC Lender in Wyoming for Affordability

  • Aven

    • 7.99% to 15.49%APR Range
    • Up to $250,000Loan Amount Range
    • 620Minimum Credit Score
    • Unlimited draw period; 5 to 10-year repayment period for cash out;Repayment Terms
    • NoneAnnual Fees

    Aven is the top lender for homeowners in Wyoming looking to save on a HELOC. With APRs ranging from 7.99% to 15.49%, Aven offers financial flexibility. It has no annual fees, adding to the savings. Plus, signing up for autopay gives a 0.25% rate discount. Aven's product is a hybrid HELOC, acting like a credit card but reported as a HELOC to credit bureaus. This option offers convenience and cost savings, especially beneficial to Wyoming homeowners prioritizing affordability.

    Pros

    • Provides credit card backed by home equity
    • Earns 2% unlimited cashback
    • No fees or prepayment penalty

    Cons

    • Line limit only up to $250,000
    • 2.5% fee for bank cashouts
    • 10-day card delivery time
    Aven
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    Best HELOC Lender in Wyoming for Bad Credit

  • U.S. Bank

    • 8.95% to 13.1%APR Range
    • $15,000 to $750,000Loan Amount Range
    • 660Minimum Credit Score
    • 10-year draw period; up to 20-year repayment periodRepayment Terms
    • Up to $75Annual Fees

    U.S. Bank is the best HELOC lender in Wyoming for homeowners with bad credit. Bad credit doesn't stop you from securing a HELOC, but it may affect your terms. Fortunately, U.S. Bank offers a minimum credit score requirement of 660, which is more accessible than many competitors. U.S. Bank keeps costs relatively manageable with an APR range of 8.95% to 13.1%. Plus, there's a 0.5% rate discount when you set up autopay. These features are especially helpful for Wyoming homeowners looking to leverage their home's equity without perfect credit. U.S. Bank is accredited by the BBB, though currently does not have a rating.

    Pros

    • Offers a fixed-rate option
    • No closing costs
    • Minimum line amount is $15,000

    Cons

    • Early closure fee up to $500
    • Annual fee of $75
    • VISA Access Card restrictions
    U.S. Bank
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    Best HELOC Lender in Wyoming for Large Loans

  • Bank of America

    • Starting at 9.82%APR Range
    • $25,000 to $1,000,000Loan Amount Range
    • UndisclosedMinimum Credit Score
    • 10-year draw period; 20-year repayment periodRepayment Terms
    • NoneAnnual Fees

    Bank of America is a top HELOC lender for Wyoming homeowners needing substantial funds. With a HELOC, you have the flexibility to cover high-cost needs such as home improvements or education expenses. The lender's maximum loan amount is $1 million, which is a significant benefit for those undertaking large projects. Bank of America also offers a 10-year draw period followed by a 20-year repayment period, giving borrowers plenty of time to manage their finances without worrying about an annual fee. In times of financial difficulty, the bank assists homeowners, focusing on customer support. With no application, annual or closing fees and competitive discounts, Bank of America ensures homeowners can access the money they need for big ventures without undue financial strain.

    Pros

    • Competitive intro rate for six months
    • Assistance during financial hardship
    • No application or annual fees

    Cons

    • Charges a $450 early closure fee
    • Does not disclose minimum HELOC requirements
    • Minimum loan amount is $25,000 online
    Bank of America
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    Best HELOC Lender in Wyoming for Debt Consolidation

  • PNC Bank

    • 8.22% to 14.5%APR Range
    • $10,000 to $1,000,000Loan Amount Range
    • UndisclosedMinimum Credit Score
    • Undisclosed draw period; 5-30 year repayment periodRepayment Terms
    • $50Annual Fees

    PNC Bank is the top choice for homeowners in Wyoming seeking to consolidate high-interest debts like credit card balances or personal loans with a HELOC. A solid HELOC provider offers lower interest rates, fast fund access, and high loan limits. With a minimum APR of 8.22% and a maximum of 14.5%, PNC Bank can provide lower rates than many high-interest debts. The quick turnaround to receive funds, typically three days after closing, makes it a swift solution for debt consolidation. Homeowners can borrow up to $1 million, ensuring a wide range of debts are covered. PNC Bank also reimburses fees, adds extra savings and presents options like a rate discount with autopay setup from a qualifying PNC checking account.

    Pros

    • Borrow up to $1 million for debt consolidation
    • Autopay discount of 0.25% with qualifying account
    • Reimburses various loan-related fees

    Cons

    • Charges a $50 annual fee
    • Does not disclose key information
    • Charges a fee for rate lock changes
    PNC Bank
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How to Choose a HELOC Lender in Wyoming

MoneyGeek showcased the top HELOC lenders in Wyoming for various needs. Yet, if you're keen to widen your search, the upcoming strategies are designed to help you find a lender that fits your unique financial landscape.

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FAQ: HELOC Lenders and Rates in Wyoming

Navigating the HELOC landscape might seem tricky, but equipped with the right knowledge, you can make a choice that fits your needs in Wyoming. These FAQs shed light on key aspects of selecting a lender.

What's a good HELOC rate in Wyoming?
Which HELOC lender is best overall in Wyoming?
Can I still qualify for a HELOC in Wyoming if I have bad credit?
Which HELOC lender in Wyoming is best for large loans?
Can I use a HELOC to consolidate debt?
How can I ensure I find the right HELOC lender in Wyoming for me?
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