Home Equity Line of Credit (HELOC)

Special Intro Rate

4.99%

APR for 6 Months

Minimum FICO® Score of 700 required. Available for new primary residence accounts. All loans are subject to credit and underwriting approval.

View Standard Rates

Turn the equity you’ve built into flexible funding for projects, debt consolidation, education and more. A HELOC is a revolving line of credit secured by your home that lets you borrow as needed and pay interest only on what you use.¹

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With a Bank of Utah HELOC, You Can:

Use Equity on Your Timeline

Draw what you need for projects or expenses, repay and draw again as needed.

Talk Through Your Whole Picture

Work with local team members who look at your goals, budget and mortgage to ensure your HELOC fits your plans.

Prepare for What Comes Next

Have flexible funds available for planned projects or unexpected expenses.

6 Smart Ways to Use a HELOC

Use your line for planned projects or unexpected needs. Your loan officer can help you compare payment ranges and timelines based on how you plan to use the funds.

1Home improvements and repairs
2Debt consolidation
3Education and training

4Unexpected expenses
5Major purchases you plan for
6Future opportunities

How HELOCs Work

A HELOC turns part of your home’s equity into a reusable line of credit. You can borrow, repay and borrow again during your draw period, up to your approved line amount.

1

Review your equity and goals

Your loan officer looks at your home’s value, your existing mortgage and your credit to estimate how much you may qualify for and to understand how you plan to use the line.

2

Get approved for a line amount

Many homeowners qualify for a combined loan-to-value (CLTV) ratio up to about 85%, depending on home value, credit and loan terms. Your line limit is based on that CLTV and your overall profile.

3

Borrow as needed, then repay over time

During the draw period, you can access the line multiple times and pay interest only on what you use. Bank of Utah features no minimum opening draw so you can take only what you need. After the draw period ends, the line moves into repayment and you focus on paying down the balance.

What is CLTV? CLTV compares your current mortgage balance plus your requested HELOC amount to your home’s appraised value.

Loan structures and timelines can vary. Your loan officer will walk you through payment estimates and what to expect based on your property and goals.

HELOC Rates

As low as 6.74%

Term

10-year draw followed by a 10-year repayment period

Minimum Credit Line

$15,000

Minimum Draw Amount

None

²The advertised 6.74% variable APR requires a credit score of 740 or higher, a combined loan-to-value (CLTV) of 70% or lower, a primary residence and automatic payment from a Bank of Utah account. The variable APR is based on the Wall Street Journal Prime Rate plus a margin and may increase after consummation, up to a maximum of 18%. Minimum credit line is $15,000 with no minimum draw requirement. Fees may apply for loan amounts exceeding $250,000. All rates and offers are available for a limited time and subject to change without notice.

Effective Date: 4/9/26

Variable APR on Loans Less Than $250,000²	Term	Minimum Credit Line	Minimum Draw Amount
As low as 6.74%	10-year draw followed by a 10-year repayment period	$15,000	None

²The advertised 6.74% variable APR requires a credit score of 740 or higher, a combined loan-to-value (CLTV) of 70% or lower, a primary residence and automatic payment from a Bank of Utah account. The variable APR is based on the Wall Street Journal Prime Rate plus a margin and may increase after consummation, up to a maximum of 18%. Minimum credit line is $15,000 with no minimum draw requirement. Fees may apply for loan amounts exceeding $250,000. All rates and offers are available for a limited time and subject to change without notice.

Effective Date: 4/9/26

Talk With Us About a HELOC

Whether you are planning a project, consolidating debt or building flexibility, we will walk through numbers and options so you can move forward with confidence.

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¹ A HELOC is a home equity line of credit that uses your home as collateral. All loans subject to credit approval. Terms and conditions may apply.