Home Equity Line of Credit

We make it easy to apply for a Home Equity Line of Credit so you can focus on the important things in life. For a limited time, you can get a 0.99% introductory annual percentage rate (APR) for six months. After that, a variable rate applies. Current rates range from 3.75% to 10.38% APR.

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The Basics

A Regions Home Equity Credit Line is a flexible, revolving line of credit that’s secured by a primary or secondary residence. The property must be located in a state where Regions has a branch. Get a 0.99% intro APR for 6 months, then variable APR applies. Current HELOC rates 3.75% - 10.38% APR.

Loan in a Line Options
No Annual Fee
No Closing Cost Options

Home Equity Line of Credit Details

For You If...

You want a revolving credit line that allows you to borrow as much as you need up to your credit limit, to pay for home improvements, vacations or to consolidate debt. Learn More

Collateral Requirements

Property to be used as collateral must be in a state where Regions has branches, and must meet Regions' Home Equity Line of Credit requirements^{legal disclaimer number1}

Lien Position

1^st or 2^nd lien position

Required loan-to-value ratio (LTV)

Up to 80% Loan to Value

Loan Amount

^$10,000 - ^$500,000 depending on lien position and LTV

Annual Percentage Rate (APR)

0.99% APR 6-month introductory rate. After that, variable APR based on Wall Street Journal prime applies. Current rates range from 3.75% to 10.38%, and are current as of March 17, 2020.^{legal disclaimer number2}

Terms

30-year term (10-year draw and 20-year repayment period)^{legal disclaimer number3}

Closing Costs

Bank paid closing cost options^{legal disclaimer number4}

Access to Funds

Convenience Checks, Visa Platinum Access Card (except in Texas), Online, Phone, or at Branch

Payment Frequency & Amount

1/360th of the outstanding balance plus any accrued finance charges or $50, whichever is greater, during the draw period. During the repayment period, your monthly installment payments will be fully amortized over the 20-year repayment period. Other terms may apply.^{legal disclaimer number3}

Potential Fees

Over Limit Fee of ^$29

Late Fee for 5% of the payment amount (^$29 minimum, ^$100 maximum, ^$15 maximum for TX)

Returned Check Fee for ^$15 for all states

Loan in a Line Conversion Fee of ^$100

Rate Discounts Available

Rate discounts are available if you elect to have your monthly payments automatically debited from your Regions checking account through our Automatic Payment Option. The amount of the discount varies based on your type of relationship with Regions, ranging from 0.25% up to 0.50%.

Automatic Payment Option

Allows you peace of mind that your payments will be automatically debited from your checking account each month. If your checking account is a Regions checking account, you may qualify for a rate discount.

Loan Closing Options

Branch Only

Features

Bank paid closing cost options^{legal disclaimer number4}
No Annual Fee
Borrow as much as you need up to your credit limit
30-year term (10 year draw; 20 year repayment period) ^{legal disclaimer number3}
Loan in a Line options

Ways To Open

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Ways to apply for a Home Equity Line of Credit

Online Application
Apply today online.
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Visit a Branch
Apply at a branch near you today.
Find a Regions Branch
Apply by Phone
1-888-462-7627 Mon - Fri 6 a.m. to 7 p.m., Sat 8 a.m. to 2 p.m.

Some things are bigger than banking

At Regions, we're more than just bankers. We're home owners and parents and grandparents and neighbors. So, we get why you want a loan and how you're hoping to use it for the things in life that matter most. That's why we made it so easy to apply for a Home Equity Line of Credit in just minutes. From home improvements to college education and beyond, we offer the financial support to make it all happen.

Our custom calculators help you figure out the financial details.

Convert Your Equity Line Balances into a Fixed Rate!

Learn More

Why Regions?

Insights

Borrowing doesn't have to be an overwhelming experience. We have a host of helpful articles, home equity calculators and other tools to make the process easier.

Convenience

Manage your account online, and bank when you want with Mobile Banking, Online Banking with Bill Pay, and access to over 1,900 ATMs across Regions' 15-state service area. Help Me Decide

Personal Service

Our knowledgeable, experienced professionals will help you find just the right loan for you, then you'll enjoy award-winning customer service through a branch, online, over the phone, on Facebook or Twitter, or even at an ATM.

Community Involvement

We believe in giving back to our communities by supporting local organizations and donating our time and talents. We even give associates a paid day off each year to volunteer with a cause of their choice.

Looking for More?

Collateral: You must provide an enforceable first or second lien security interest in your primary or secondary residence with at least $10,000 of equity. The ratio of the new loan plus all other debt secured by your residence compared to the fair market value of your residence and must not exceed 80%. Property insurance, including flood insurance if applicable, is required. Texas Only: A minimum $4,000 draw is required for Texas Home Equity Lines. The total indebtedness secured by the residence (including the Line) cannot exceed 80% of the fair market value of the home. Prepayment penalty not applicable to Lines secured by a Texas residence.

Intro Rate: 0.99% intro annual percentage rate (APR) applies to new transactions, except those made to cover overdrafts, for your first six (6) billing cycles (although your first billing cycle may be shorter than normal). Intro rate discontinued for Payment Default or for balances converted to a fixed rate using the "Conversion Option." No other discounts apply to the intro rate. Subject to credit approval, documentation, collateral, and other requirements. The intro rate promotion may end at any time without notice. After Intro: After the intro rate period ends, all remaining balances will convert to the variable periodic rate and corresponding APR per the credit agreement, which is based on the Wall Street Journal prime rate (3.25% as of 3/17/2020), plus a margin. Your APR will never be more than 18% or less than 3.75% or increase or decrease by more than 5.00 percentage points annually. Your APR will be based on several factors, including your credit history, credit score, loan-to-value ratio, property type, loan amount and lien status. Ask a Regions Banker about potential post-intro rate discounts.

Closing Costs: Estimated closing costs of $150 to $2,000. Regions pays closing costs for lines of $250,000 or less, and up to $500 for lines greater than $250,000. If your line is terminated within 24 months of the opening date, third-party closing costs paid by Regions will be charged to the line. Consult your tax advisor about the deductibility of interest and other costs.