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Installment loan secured by a primary or secondary residence located in a state where Regions has a branch.
Regions Home Equity Line of Credit
Flexible, revolving line of credit secured by a primary or secondary residence located in a state where Regions has a branch.
For You If...
Regions Home Equity Loan
You're planning home improvements, want to consolidate debt or refinance your existing mortgage or need cash for a large purchase. Learn More
Regions Home Equity Line of Credit
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
Regions Home Equity Loan
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.
Regions Home Equity Line of Credit
Property to be used as collateral must be in a state where Regions has branches, and must meet Regions' Home Equity Line of Credit requirements1
Lien Position
Regions Home Equity Loan
1st or 2nd lien position for primary or secondary residence
Regions Home Equity Line of Credit
1st or 2nd lien position
Required loan-to-value ratio (LTV)
Regions Home Equity Loan
Up to 89% Loan to Value2
Regions Home Equity Line of Credit
Up to 80% Loan to Value
Loan Amount
Regions Home Equity Loan
$10,000 - $250,000 depending on occupancy type, lien position, and the amount of debt secured by the collateral2
Regions Home Equity Line of Credit
$10,000 - $500,000 depending on lien position and LTV
Annual Percentage Rate (APR)
Regions Home Equity Loan
5.50% APR to 13.00% APR 3
Regions Home Equity Line of Credit
0.99% APR 6-month introductory rate. After that, variable APR based on Wall Street Journal prime applies. Current rates range from 5.00% to 11.875%, and are current as of June 16, 2022.4
Closing Costs
Regions Home Equity Loan
Bank pays all closing costs
Regions Home Equity Line of Credit
Bank paid closing cost options6
Access to Funds
Regions Home Equity Loan
Single Lump Sum
Regions Home Equity Line of Credit
Convenience Checks, Visa Platinum Access Card (except in Texas), Online, Phone, or at Branch
Payment Frequency & Amount
Regions Home Equity Loan
Monthly repayment. Repayment amount is fixed and is based on term and loan amount
Regions Home Equity Line of Credit
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.5
Potential Fees
Regions Home Equity Loan
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
Regions Home Equity Line of Credit
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
Regions Home Equity Loan
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%.
Regions Home Equity Line of Credit
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
Regions Home Equity Loan
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.
Regions Home Equity Line of Credit
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
Regions Home Equity Loan
Branch Only
Regions Home Equity Line of Credit
Branch Only
Features
Regions Home Equity Loan
- APR as low as 5.25% 3
- No Closing Costs
- Fixed Interest Rate
- 7, 10, 15 or 20 year terms available
- Predictable Monthly Payments
Regions Home Equity Line of Credit
- Bank paid closing cost options6
- No Annual Fee
- Borrow as much as you need up to your credit limit
- 30-year term (10 year draw; 20 year repayment period) 5
- Loan in a Line options
Installment loan secured by a primary or secondary residence located in a state where Regions has a branch.
Regions Home Equity Line of Credit
Flexible, revolving line of credit secured by a primary or secondary residence located in a state where Regions has a branch.