Home Equity Loan

A Regions Home Equity Loan is an installment loan that’s secured by a primary, secondary or investment residence. The property must be located in a state where Regions has a branch.

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The Basics

  • 4.125 percent APR

    Interest Rates as Low as 4.125% APR with auto pay

  • No closing cost

    No Closing Costs

  • fixed interest rate

    Fixed Interest Rate

Home Equity Loan Details

For You If...
You're planning home improvements, want to consolidate debt or refinance your existing mortgage or need cash for a large purchase. Learn More
Collateral Requirements
Property to be used as collateral must be a primary, second, or investment residence; be located in a state where Regions has retail branches; and have at least $10,000 equity.
Lien Position
1st or 2nd lien position for primary or secondary residence
1st lien position for investment property
Required loan-to-value ratio (LTV)
Up to 89% Loan to Value legal disclaimer number1
Loan Amount
$10,000 - $250,000 depending on occupancy type, lien position, and the amount of debt secured by the collateral legal disclaimer number1
Annual Percentage Rate (APR)
4.125% APR to 11.75% APR legal disclaimer number2
Terms
7, 10 or 15 years legal disclaimer number2
Closing Costs
Bank pays all closing costs
Access to Funds
Single Lump Sum
Payment Frequency & Amount
Monthly repayment. Repayment amount is fixed and is based on term and loan amount 
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
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
  • APR as low as 4.125% legal disclaimer number2
  • No Closing Costs
  • Fixed Interest Rate
  • 7, 10 or 15 year terms available
  • Predictable Monthly Payments

Ways To Open

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Ways to apply for a Home Equity Loan

  • online Online Application

    Apply today online.

    Apply Now
  • a Regions branch Visit a Branch

    Apply at a branch near you today.

    Find a Regions Branch
  • on the phone Apply by Phone

    1-888-462-7627 Mon - Fri 6 a.m. to 7 p.m., Sat 8 a.m. to 2 p.m.

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.

Rewards

When your Regions checking account is enrolled in Regions Relationship Rewards, you can earn points for opening or having a Regions home equity account. Points can be redeemed for travel, merchandise, cash and more.

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.

Save for the future with a Regions savings account.

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