Nationwide Bank is offering an extremely low rate on home equity lines of credit (HELOCs) right now. Their advertised interest: 3.25%.

Bankaholic reports:

“Nationwide Bank has about the best deal around on HELOCs — if you can get one…

Its line of credit is available in all states, carries no annual fee, and pays the first $750 in closing costs, including the appraisal. That should be enough to cover everything, everywhere except in New York and Florida.”

To qualify, homeowners must have significant equity and a credit score above 720. If the Nationwide program doesn’t work for you, check out local credit unions. Many are now offering record low rates on home equity loans for the most credit worthy customers.

See Also:

How to Get the Best HELOC Rates and Terms

How a HELOC Works

Tags | Heloc, HELOC Rates, home equity line of credit, Nationwide Bank