Best HELOC Rates and Lenders in Wyoming for 2024

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Edited byAshley Jacobs

Updated: December 28, 2023

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Before applying for a HELOC, MoneyGeek advises that you compare offers from many lenders to find the best option. HELOC rates begin at a special promotional variable APR of 0.99% for six months and can go up to 18%. We found that Bank of America is the best overall HELOC lender in Wyoming.

HELOCs are frequently used for major expenses such as investments, debt repayment, education, maintenance and more. If you have substantial home equity and good credit, a HELOC could be a good option for you.

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Home Equity Line of Credit (HELOC) Rates for 2024

When searching for a HELOC, it's crucial to compare interest rates and repayment terms from several lenders. This way you can find the best option for your needs.

The MoneyGeek table below highlights home equity line of credit rates and pertinent lender data as of May 2022. Since this information can change frequently, we update it regularly to keep it current.

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MoneyGeek’s Picks for Best HELOC Lenders in Wyoming

To help you choose the best option for your needs and criteria, MoneyGeek has listed the top home equity line of credit lenders in Wyoming. We do this because our goal is to help consumers with their financial needs.

Keep in mind that only a tiny proportion of lenders offer HELOCs. Most of these lenders are national banks that will only work with borrowers who have good to excellent credit. MoneyGeek recommends considering local credit unions as an alternative if a national lender rejects your HELOC application.

Best Overall HELOC Lender in Wyoming: Bank of America

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Best HELOC Lender for Good Credit in Wyoming: U.S. Bank

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Best HELOC Lender for Bad Credit in Wyoming: Figure

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Best HELOC Lender for Competitive Rates in Wyoming: PenFed

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HELOC vs. Home Equity Loans

Major expenses can be financed using your home as collateral using home equity loans (HELOANs) and home equity lines of credit (HELOCs). Knowing the differences between the two is essential when choosing an option.

With a home equity loan, a lump amount is delivered to the borrower all at once. Over the course of the loan, the interest rate and monthly payments are typically fixed.

Meanwhile, a home equity line of credit is like a credit card. You can make withdrawals as often as necessary within a predetermined time-frame, up to a predetermined limit, and repay the money you borrow. HELOC rates are often variable, which means they might change.

The table below further outlines the differences.

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Frequently Asked Questions About HELOCs

Understanding how to get a home equity line of credit can be complex. To assist you in learning more, MoneyGeek provided answers to some frequently asked questions about HELOCs.

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