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 6.375% APR with auto pay — and no closing costs.

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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.

  • fixed interest rate

    Interest Rates as Low as 6.375% 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 or second 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
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)
6.625% APR to 14.00% 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. Rate discount must be applied prior to loan closing and is not available if you enroll in auto-debit at a later date. 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 6.375% 2
  • No Closing Costs
  • Fixed Interest Rate
  • 7, 10, 15 or 20 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.

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.

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