Bank of Oklahoma
FDIC

FDIC-Insured—Backed by the full faith and credit of the U.S. Government

Home Equity Lines of Credit

It's all about equity

If you've built up equity in your home, a Home Equity Line of Credit will reward you for your diligence with interest rates that let you borrow against up to 85% of your home's available equity.
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Person putting up new wallpaper with new funding through BOK HELOC loan.

More about our home equity lines of credit

With a Home Equity Line of Credit, you can access up to 85% of the equity in your home at any time. When you apply for a HELOC, you may choose a monthly payment structure based on the outstanding principal plus interest or opt to only pay interest on the money you advance. This gives you flexibility and affordability.

SmartLock

Get the best of both worlds with SmartLock,1 by converting portions of your line of credit balance into fixed rate loans. SmartLock gives you the confidence of a fixed rate when you know exactly how much you'll need to take out, while still giving you all the flexibility of a home equity line of credit.
  • HELOC - Flexibility

    Flexibility

    With SmartLock, you never lose the flexibility in your HELOC. Once you've locked a portion of your loan, you can still use the rest of your available credit at any time and on anything you need.
  • HELOC - Stability

    Stability

    With SmartLock, a portion of your line of credit will have the stability of a loan. That means you'll lock in an interest rate, know your monthly payments in advance, and have the ability to set up automatic payments through your checking account with us.
  • Lower your HELOC Payments

    Lower your payments

    Using SmartLock can help you consolidate debt and lower your monthly payments.

  • HELOC - How it works

    How it works

    After you've made an advance from your line of credit, use SmartLock to lock those balances into separate fixed rate loans. Or, for even more savings, you can bundle several advances together at one rate. Then, you can continue to borrow from the remaining portion whenever you need.

1 Minimum amount required to lock the rate is $5,000. For terms 120 months or greater, the minimum amount to lock the rate is $10,000.

2 The APR is variable and based on the highest Prime Rate published each day in The Wall Street Journal Rates Table (the “index”), plus a margin during the revolving and repayment period. The index plus a margin ranged from 8.00% to 13.50% as of 9/19/2024. In no event will the APR exceed the lesser of 18% or the maximum rate allowed by applicable law. The Margin offered is dependent on the individual’s excellent and substantial credit characteristics. Individuals with less than excellent and substantial credit may be offered a higher margin. Property insurance required including flood insurance where applicable. A processing fee of $180-$350 depending on loan amount is due at closing. A $50 annual fee applies after the first year of account opening. Maximum loan to value (LTV) may vary based on applicant(s) credit score. Rates and Terms are subject to change without notice. All loans are subject to credit approval.