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  Banner Bank HELOC

Banner Bank HELOC

in Home Equity Lines of Credit from Banner Bank · NMLS ID #439266

Unaffiliated

Banner Bank HELOC

Unaffiliated

in Home Equity Lines of Credit from Banner Bank · NMLS ID #439266

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Highlights
Highlights
Loan Amount N/A
APR  (Fixed APR) 3.24% - 18%
Maximum LTV 80%

Banner Bank HELOC Review

Banner Bank HELOC is offered by Banner Bank (NMLS #439266), a bank founded in 1890 and based in Walla Walla, WA. Banner Bank HELOC is available 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 terms ranging from 2 to 10 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 APRs starting at 3.24% 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 homes.

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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

  Available in 4 states
  • California
  • Idaho
  • Oregon
  • Washington

Feature Breakdown

Introductory Rate 3.49%
Purchase Intro APR Period (Fixed APR) 12 months
Annual Fee $75
Credit Score Range 750 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
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)
Maximum LTV 80%
Draw Period 10 years
Repayment Period 20 years
Loan Term 2 - 10 years
APR (Fixed APR) 3.24% - 18%

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