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Minnesota Home Equity Loans
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Home Equity Rates
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 4.09% 4.16%
15 year fixed Graph Icon Arrow 3.25% 3.30%
5/1 ARM Graph Icon Arrow 3.28% 3.36%

 Rate disclaimer

PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.09% 4.17%
15 year fixed refi Graph Icon Arrow 3.25% 3.34%
10 year fixed refi Graph Icon Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.20% 3.20%
48 month used car loan Graph Icon Arrow 3.18% 3.19%
60 month new car loan Graph Icon Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.24% 1.24%
2 Year CD Graph Icon Arrow 1.41% 1.41%
PRODUCT Rate
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%

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Minnesota Home Equity Loans


Whether it’s a home equity line of credit (HELOC) or a home equity loan; homeowners in Minnesota are taking advantage of the competitive rates and terms offered by local lenders. Home improvement, repair, debt consolidation, auto loan purchase or college tuition are only a few ways homeowners are using a home equity loan or line of credit to finance important endeavors. Making a decision about which home loan type to use can be confusing. Both home equity loan products use the equity in the homeowner’s home as collateral; however a home equity loan functions differently than a home equity line of credit (HELOC).

For example, if a homeowner in Minneapolis-St. Paul (55401) wants to consolidate the myriad of credit card debt into one, neat monthly payment (debt consolidation); a home equity loan may be the right fit. A home equity loan is offered at a fixed interest rate, with a pre-determined monthly repayment schedule. The borrower receives one lump sum of cash that can be used to cover one or several large items at once—such as paying offer creditors. The advantage to debt consolidation using a home equity loan is that in addition to having only one monthly payment, home equity loans typically have a lower interest rate than offered on credit cards. An example of how a home equity line of credit (HELOC) is useful could be with a homeowner in Cottage Grove (55016) in need of paying for college tuition. This revolving line of credit allows the borrower to access a steady cash stream an on ongoing basis and allows the borrower to make payments only on money drawn against the line. The home equity line of credit (HELOC) rate is variable; so repayment amounts may change.

More About Home Equity Loans


Minnesota Home Equity Loans by County
Aitkin County Home Equity Loans Isanti County Home Equity Loans Pipestone County Home Equity Loans
Anoka County Home Equity Loans Itasca County Home Equity Loans Polk County Home Equity Loans
Becker County Home Equity Loans Jackson County Home Equity Loans Pope County Home Equity Loans
Beltrami County Home Equity Loans Kanabec County Home Equity Loans Ramsey County Home Equity Loans
Benton County Home Equity Loans Kandiyohi County Home Equity Loans Red Lake County Home Equity Loans
Big Stone County Home Equity Loans Kittson County Home Equity Loans Redwood County Home Equity Loans
Blue Earth County Home Equity Loans Koochiching County Home Equity Loans Renville County Home Equity Loans
Brown County Home Equity Loans Lac Qui Parle County Home Equity Loans Rice County Home Equity Loans
Carlton County Home Equity Loans Lake County Home Equity Loans Rock County Home Equity Loans
Carver County Home Equity Loans Lake Of The Woods County Home Equity Loans Roseau County Home Equity Loans
Cass County Home Equity Loans Le Sueur County Home Equity Loans Saint Louis County Home Equity Loans
Chippewa County Home Equity Loans Lincoln County Home Equity Loans Scott County Home Equity Loans
Chisago County Home Equity Loans Lyon County Home Equity Loans Sherburne County Home Equity Loans
Clay County Home Equity Loans Mahnomen County Home Equity Loans Sibley County Home Equity Loans
Clearwater County Home Equity Loans Marshall County Home Equity Loans Stearns County Home Equity Loans
Cook County Home Equity Loans Martin County Home Equity Loans Steele County Home Equity Loans
Cottonwood County Home Equity Loans Mcleod County Home Equity Loans Stevens County Home Equity Loans
Crow Wing County Home Equity Loans Meeker County Home Equity Loans Swift County Home Equity Loans
Dakota County Home Equity Loans Mille Lacs County Home Equity Loans Todd County Home Equity Loans
Dodge County Home Equity Loans Morrison County Home Equity Loans Traverse County Home Equity Loans
Douglas County Home Equity Loans Mower County Home Equity Loans Wabasha County Home Equity Loans
Faribault County Home Equity Loans Murray County Home Equity Loans Wadena County Home Equity Loans
Fillmore County Home Equity Loans Nicollet County Home Equity Loans Waseca County Home Equity Loans
Freeborn County Home Equity Loans Nobles County Home Equity Loans Washington County Home Equity Loans
Goodhue County Home Equity Loans Norman County Home Equity Loans Watonwan County Home Equity Loans
Grant County Home Equity Loans Olmsted County Home Equity Loans Wilkin County Home Equity Loans
Hennepin County Home Equity Loans Otter Tail County Home Equity Loans Winona County Home Equity Loans
Houston County Home Equity Loans Pennington County Home Equity Loans Wright County Home Equity Loans
Hubbard County Home Equity Loans Pine County Home Equity Loans Yellow Medicine County Home Equity Loans