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Utah home in the spring
Utah home in the spring
Utah home in the spring
Utah home in the spring
Utah home in the spring
Utah home in the spring
Utah home in the spring
Spring into your projects with a Utah HELOC

Utah Home Equity Line of Credit (HELOC)

Whether you're renovating in Salt Lake City, remodeling in Logan, paying bills or taking a dream vacation, you can use your home's equity to finance what's next.

A no annual fee HELOC from WaFd Bank is often more affordable than using credit cards or other loans. You'll also receive a discount on your interest rate when you make automatic payments from your WaFd checking account. And we'll even pay closing costs for our existing WaFd home loan clients on lines of credit up to $250,000.

HELOCs are available for primary, second home and investment properties, including jumbo HELOCs up to $700,000. Apply online, where you can securely upload your documents and receive status updates in our secure portal. Get started with a versatile HELOC today.

See Utah HELOC Rates arrow-right

Utah Home Equity Loan (HELOC) Calculator

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0Your Estimated HELOC Monthly Payment
Your estimated interest-only mortgage payment for the interest-only period doesn't account for the principal payments you'll make later when the loan begins amortizing. Contact one of our friendly loan officers for more information and accurate payment information.
  • $0
    Interest Only
  • $2,689
    Taxes
  • $3,780
    Insurance
  • NO ANNUAL FEE
  • Discount of 0.250% off your interest rate for automatic monthly payment from your WaFd Checking Account
  • Interest rate and APR (Annual Percentage Rate) are variable based on the Wall Street Journal Prime Rate plus a margin subject to credit approval of your credit history, loan to value, occupancy and EZ Pay requirements.
  • Monthly interest only payments do not include property taxes and insurance.
  • HELOCs available for owner occupied homes, second homes & investment properties.
  • Closing costs are paid only for primary homes, not for second, vacation, or investment properties.*
  • Fees Range: $354 - $7,579. Your HELOC fees are included in the disclosure provided at loan application and again at closing.
  • Home Equity Loan Calculator payments display monthly interest only payments assuming the outstanding balance displayed in the Equity Credit Line
  • HELOCs feature a 25 year term as follows:
    • 10 year draw period to borrow on your line of credit whenever you need it
    • Any outstanding loan balance after 10 year draw period will be amortized (principal and interest payments) over 15 years
  • Consult your tax advisor.
  • The rate will never exceed 17.99% APR.
  • Property Insurance is required.
  • Investment properties require WaFd to be in first lien position.
  • Loans are subject to credit approval. Restrictions and limitations may apply.
  • This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements.
  • Fees for our HELOC vary depending on the HELOC loan amount and property location.
  • NO ANNUAL FEE
  • Discount of 0.250% off your interest rate for automatic monthly payment from your WaFd Checking Account
  • Interest rate and APR (Annual Percentage Rate) are variable based on the Wall Street Journal Prime Rate plus a margin subject to credit approval of your credit history, loan to value, occupancy and EZ Pay requirements.
  • Monthly interest only payments do not include property taxes and insurance.
  • Consult your tax advisor.
  • The rate will never exceed 17.99% APR.
  • HELOCs available for owner occupied homes, second homes & investment properties.
  • Closing costs are paid only for primary homes, not for second, vacation, or investment properties.*
  • Fees Range: $354 - $7,579. Your HELOC fees are included in the disclosure provided at loan application and again at closing.
  • Home Equity Loan Calculator payments display monthly interest only payments assuming the outstanding balance displayed in the Equity Credit Line
  • HELOCs feature a 25 year term as follows:
    • 10 year draw period to borrow on your line of credit whenever you need it
    • Any outstanding loan balance after 10 year draw period will be amortized (principal and interest payments) over 15 years
  • Property Insurance is required.
  • Investment properties require WaFd to be in first lien position.
  • Loans are subject to credit approval. Restrictions and limitations may apply.
  • This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements.
  • Fees for our HELOC vary depending on the HELOC loan amount and property location.

Use a HELOC for Home Improvements

Some Benefits to a Home Equity Line of Credit

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You pay interest only on the amount you have borrowed
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Rate discounts available for auto pay from your WaFd checking account.
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NO annual renewal fees
How a Utah HELOC works
10 Year Interest-Only Draw Period, then 15 Year Payoff or Repayment Period, Refinance to a fixed interest and principal payment loan
10 Year Interest-Only Draw Period, then 15 Year Payoff or Repayment Period, Refinance to a fixed interest and principal payment loan
Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank*
Benefits of working with WaFd Bank
We keep your loan! We don't sell it to Wall Street or Fannie Mae.
We have competitive mortgage rates and will be with you every step.
You can quickly and securely apply online in minutes.
We keep your loan! We don't sell it to Wall Street or Fannie Mae.
We have competitive mortgage rates and will be with you every step.
You can quickly and securely apply online in minutes.

Your local Utah loan officer can help you get started

Find a Utah Loan Officer

Frequently Asked Questions

See More FAQsarrow-right
info-circleStill can't find what you are looking for? Contact your local branch or call us 24/7 at 800-324-9375.

* To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.