Not yet a HELOC customer?
Learn more about UMB’s HELOC offering and how a HELOC could help you with your next financial step.
Visit UMB HELOC lendingOffered to current HELOC clients, this option provides the convenience of a line of credit with a locked-in interest rate.
Offered to current HELOC clients, this option provides the convenience of a line of credit with a locked-in interest rate.
Learn more about UMB’s HELOC offering and how a HELOC could help you with your next financial step.
Visit UMB HELOC lendingUsing the fixed rate option, you can convert some or all of your UMB HELOC balance to a fixed rate for a set term. The fixed rate option may be a good choice if:
The fixed rate option may be requested during the draw period. The interest rate and your monthly payment on any portion of your loan that converts to a fixed rate and the resulting monthly payment may be higher than your variable rate. When your fixed rate term ends, any unpaid balance reverts back to the current variable rate. Once you've locked a portion of your loan, you can still use the rest of your available credit at any time during the draw period. As you pay down the fixed rate balance, those funds become available again during the draw period.
The terms of your fixed rate advance will determine your monthly payment and whether you have an unpaid balance when the fixed rate term ends.
*Maximum number of fixed rate conversions allowed per HELOC is three. Fixed rate conversions are not allowed for HELOCs which have previous or current past due payments. Fixed rate conversions may be requested during the draw period only.
Minimum fixed rate balance is $5,000. Terms, rates and fees are subject to change, without notice, prior to closing your fixed rate option.
Restrictions and documentation requirements may apply. All loans subject to credit and collateral approval. Geographic restrictions apply.