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Home Equity

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If you’re looking for ways to leverage the equity in your home, a home equity line of credit may be right for you.

Today's low home equity rates

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You could enjoy a low variable introductory rate on a home equity line of credit

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We're unable to display rates at this time. We apologize for any inconvenience. Our experienced mortgage specialists are ready to help you with your financing needs:

 

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About our rate discounts

0.25% interest rate discount for setting up automatic monthly payment deductions from your Bank of America checking or savings account before account opening (does not apply to Bill Pay Service).

0.10% to 1.00% interest rate discount for making an initial withdrawal at account opening (0.10% for each $10,000 withdrawn up to a maximum discount of 1.00%).

Preferred Rewards® clients get a 0.125% to 0.375% interest rate discount on a new home equity line of credit.

Learn more about Preferred Rewards

Home equity calculator

Estimate your home's value

Low competitive home equity rates — plus:

No fees or closing costs

There's no fee to apply, no closing costs (on lines of credit up to $1 million) and no annual fee. There's also no fee to convert your variable-rate balance to a Fixed-Rate Loan Option.

Online application

Submitting your application takes about 15 minutes. When you're done, we'll show you how to check your application status and securely upload documents.

Convenient access to funds

You have the flexibility to decide when and how much to use (up to your available credit limit) through Online Banking and with convenience checks

Mobile & Online Banking

Manage your account, make payments and transfer funds with no fee using our top-rated Mobile Banking app and Online Banking.

Your home equity line of credit made easy

Start online

Submit your secure application online — it only takes about 15 minutes.

Work with a specialist

Our experienced mortgage specialists — rated 4.8 stars out of 5 on Zillow as of 8/15/16 by thousands of customers like you — will help you every step of the way.

Prepare for closing

If you want predictable monthly payments for a fixed term, consider a Fixed-Rate Loan Option.

Connect with a mortgage specialist

866.290.4674

Mon.-Fri. 8 a.m.-10 p.m. ET
Sat. 8 a.m.-6:30 p.m. ET

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