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  Banner Bank HELOC

Banner Bank HELOC

in Home Equity Lines of Credit from Banner Bank

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Banner Bank HELOC

Unaffiliated

in Home Equity Lines of Credit from Banner Bank

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Highlights
Highlights
Loan Amount N/A
APR  (Fixed APR) 3.74% - 18%
Maximum LTV 80%

Banner Bank HELOC Review

Where does Banner Bank HELOC do business?

Banner Bank is based in Walla Walla, WA. The company was founded in 1890 and offers home equity lines of credit (HELOCs) to borrowers in 4 states across the USA.

What are the terms for a HELOC via Banner Bank HELOC?

HELOCs have a draw and a repayment period. During the draw period you can borrow as much as you need up to your credit limit. After the draw period, you are responsible for repaying the loan. 

Banner Bank HELOC offers home equity loans with a draw period of up to 10 years and a repayment period of 20 years.

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What range of rates does Banner Bank HELOC offer?

Banner Bank HELOC offers home equity loans with APRs starting at 3.74% and up to 18%.

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

Rate is quoted with autopay discount*.

What fees does Banner Bank HELOC charge for a HELOC?

Banner Bank HELOC may charge a loan origination fee. There is also an annual fee of $75.

What types of property can you use as security for a HELOC with Banner Bank HELOC?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. Banner Bank HELOC will consider lines of credit secured by the following property types:

  • Primary home

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Banner Bank

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 4 states
  • California
  • Idaho
  • Oregon
  • Washington

Feature Breakdown

Annual Fee $75
Minimum Age 18
Credit Score Range 750 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Intended Use
  • Primary Home
Maximum LTV 80%
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Proof of Residence
  • Social Security Number
  • U.S. Tax Identification Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Draw Period 10
Repayment Period 20
APR (Fixed APR) 3.74% - 18%
Introductory Rate 3.49%

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