Regions Equity EssentiaLine is a flexible, renewable line of credit secured by the equity in your home. Competitive rates and convenient access are just a few of the features the EssentialLine offers. Our Home Equity Lines are a great way to fund home improvements or pay for college tuition and other major financial demands.
Home Equity Lines features:
- Rates range from 4.50% APR1 up to 11.50% APR
- Rate discounts available for qualifying customers2
- Money can be used however you see fit
- Funds available all at once or in increments, right away or at a later date
- Funds can be accessed at a Regions branch, using EssentiaLine checks, at an ATM, thru Online Banking, Visa® Platinum card (excluding Texas) or by calling Regions Revolving Credit at 1-800-231-7493.
- Regions pays all closing costs on lines up to $250,000 on your primary residence3
- No annual fee for the first year4
- Interest may be tax-deductible5
Regions Quick Guide to Your Home Equity EssentiaLine of Credit 
Use our convenient calculators to determine your payments, how much you can borrow and more.
To find out more about the Regions Home Equity Line call 1-888-IN-A-SNAP to speak with a Regions representative, or visit your local branch.
Learn More about our Home Equity Loans and Line of Credit
Loan in a Line
In today's economy, everybody is thinking about ways to save, which is why the Loan in a Line option for your Home Equity Line of Credit may be just what you need if you're looking for predictable payments and a predictable repayment term.
The Loan in a Line offers:
- Peace of mind and stability – unlike a variable rate that can fluctuate, you'll always know what your rate and payment will be
- Savings – when you lock in a low rate today, you can potentially save a significant amount of money over time as rates increase
- Flexibility – you can choose to lock in all or a portion of your balance. As you pay down your Loan in a Line balance, the difference becomes available again as credit tied to your original variable rate.
If you wish to lock in at a fixed rate on your current Regions Home Equity Line, or talk to our specialists to find the best option to meet your needs, just call 1.888.IN.A.SNAP or drop by your local branch today.
- APR is based on several factors which include credit history, loan-to-value (LTV), property type and lien status. Florida properties are subject to a 0.25% rate increase.
- Receive a 0.25% rate discount for opting into the Automatic Payment Option in which Regions will automatically debit the monthly payments from a Regions checking account; or receive a 0.50% rate discount for opting into the Automatic Payment Option and maintaining total deposits with Regions of $10,000 or more.
- If you close your line within 90 days from the opening date, any closing costs paid by Regions will be charged back to your line.
- $100 per year after the first date due on the anniversary date and billed on your statement. This fee is not charged if atleast one advance is taken per year. No inactivity fee on Texas properties.
- Consult a tax advisor regarding interest deductibility.
Home Equity Lines (EssentiaLine) Disclosure
* Annual Percentage Rate (APR): APR will vary based on The Wall Street Journal prime rate (which was 3.25% as of 12/1/12), but will never be more than 18% or less than 4.25%. Your APR will be based on several factors, including your credit history, loan-to-value ratio, property type, and lien status. Receive a 0.25% rate discount for opting into the Automatic Payment Option in which Regions will automatically debit the monthly payments from a Regions checking account; or receive a 0.50% rate discount for opting into the Automatic Payment Option and maintaining total deposits with Regions of $10,000 or more. If you receive the discount for the Automatic Payment Option and if the automatic debit is discontinued at any time during the repayment of the loan, for any reason whatsoever, the APR may increase by the amount of the discount you received. Florida properties are subject to a 0.25% rate increase.
OTHER COSTS OR FEES: Closing costs are estimated to range between $150 and $2,000, and Regions will pay closing costs for Lines of $250,000 or less. For Lines greater than $250,000, Regions will pay up to $500 in closing costs. If you terminate your Line within 90 days from the account opening date, closing costs paid by Regions will be charged back to your Line. The $100 inactivity fee is waived the first year and, as long as you receive at least one advance every year, for each subsequent year. If you terminate your Line during the first three years after the opening date for any reason other than the sale of your property, a $500 prepayment penalty will be imposed.
OTHER REQUIREMENTS: To obtain a Line, a) you must provide an enforceable security interest in your primary or secondary residence, b) your equity interest in that residence must be at least $10,000, and c) at the time of the account opening, the ratio of all debt secured by the residence (including any Line you obtain from us) to the fair market value of that residence must not exceed 80% (75% for Florida residence). Account is subject to a 10-year draw period, followed by a 10-year repayment period. Property insurance required, including flood insurance if applicable. Consult your tax adviser about the deductibility of interest. Offer subject to credit approval. Offer subject to change. Other legal requirements must be met. Not available in all states.
TEXAS LIMITATIONS: A minimum $4,000 draw is required for Texas Home Equity Lines. The amount of the Line cannot exceed 50% of the fair market value of the residence. The total indebtedness secured by the residence (including the Line) cannot exceed 80% of the fair market value of the home. Inactivity fee and prepayment penalty not applicable to Lines secured by a Texas residence. Visa Platinum Access card is not available in Texas.