Home Equity Loan

Apply for a Home Equity Loan in just minutes, so you can focus on the important things in life. Get a fixed rate as low as 3.00% with auto pay — and no closing costs.

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Overview
Details
Ways To Open

The Basics

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

Interest Rates as Low as 3.00% APR with auto pay
No Closing Costs
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 or second residence; be located in a state where Regions has retail branches; and have at least $10,000 equity.

Lien Position

1^st or 2^nd lien position for primary or secondary residence

Required loan-to-value ratio (LTV)

Up to 89% Loan to Value¹

Loan Amount

^$10,000 - ^$250,000 depending on occupancy type, lien position, and the amount of debt secured by the collateral¹

Annual Percentage Rate (APR)

3.25% APR to 11.625% APR ²

Terms

7, 10, 15 or 20 years ²

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 3.25% ²
No Closing Costs
Fixed Interest Rate
7, 10, 15 or 20 year terms available
Predictable Monthly Payments

Ways To Open

Apply Now

Ways to apply for a Home Equity Loan

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 Loan in just minutes. From home improvements to getting cash for a large purchase and beyond, we offer the financial support to make it all happen.

Our custom calculators help you figure out the financial details.

Regions is here to help you get the right loan for your unique needs. We’re happy to answer any questions and help you achieve your goals.

1-888-IN-A-SNAP

Need a plan for emergency expenses? Consider a Home Equity Line of Credit.

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.

Related Insights

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Questions When Considering a Home Equity Loan

Should I Take out a Home Equity Loan?

See All Insights

Looking for More?

TV is the ratio of the new loan plus all other debt secured by your residence compared to the fair market value of your residence. The maximum LTV for your loan will be based on your credit history/score, lien position, occupancy type, how the amount of your total debt compares to the amount of income available for repayment and other criteria. Maximum LTV examples for well-qualified borrowers:
1. First mortgage/primary residence: 89%
2. Second mortgage/primary residence: 85%
3. First mortgage/secondary residence: 75%
4. Second mortgage/secondary residence: 75%
When homes located in Texas are pledged as collateral, the total indebtedness (including the HELOAN) secured by your home cannot exceed 80% of your home’s fair market value.
Home Equity Loan Annual Percentage Rates (APRs) currently range from 3.25% - 11.625%, depending on several factors, including occupancy type, lien position, credit score/history, LTV ratio, loan term, and whether any discounts apply. Repayment Example 1: $50,000 loan, 7-year term, with Automatic Payment discount, 3.00% APR, 84 monthly payments of $660.67. Repayment Example 2: $50,000 loan, 15-year term, with Automatic Payment discount, 11.375% APR, 180 monthly payments of $580.13. These payments do not include taxes and insurance premiums. Actual payments may be greater if property insurance (including flood insurance if applicable) is required. Other discounts based upon your other Regions relationships may apply.