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Home Equity

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A home equity line of credit (HELOC) lets you borrow against available equity with your home as collateral.

Today's low home equity rates Disclosures

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


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Special Introductory variable APRVariable APR Disclosures for 12 months


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Variable APRVariable APR Disclosures after the introductory period

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



Take advantage of these interest rate discounts


For automatic monthly payments

Set up and maintain automatic monthly payments from your Bank of America checking or savings account and receive a 0.25% interest rate discount (does not apply to Bill Pay service).

Up to 0.75%

For initial withdrawals

Make an initial withdrawal when you open your account and receive a 0.05% interest rate discount for each $10,000 withdrawn (up to a maximum discount of 0.75%).

Up to 0.375%

For Preferred Rewards® clients

Preferred Rewards® clients get an interest rate discount of 0.125% (Gold tier), 0.25% (Platinum tier) and 0.375% (Platinum Honors tier).

Learn more about Preferred Rewards

Home equity calculator

Estimate your home’s value

Low competitive home equity rates — plus:

No application fees, no closing costs and no annual fee

There's no fee to apply, no closing costs (on lines of credit up to $500,000) 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, by phone, at our financial centers or with no-access-fee checks.

Mobile & Online Banking

Manage your account, make payments and transfer funds using our top-rated Mobile Banking app and Online Banking.

Your prequalification

If you're an existing customer please sign in to Online Banking, if not please sign in as a guest.

Your home equity line of credit made easy

Start online

Submit your secure application online - there's no fee and no obligation, and it only takes about 15 minutes. Start your application now or Complete a saved application

Work with a specialist

Our experienced specialists will help you every step of the way – and if you decide that predictable monthly payments for a fixed term is best for you, they’ll help you with a Fixed-Rate Loan Option.

Complete the process

Save time and securely upload documents online. If approved, you can enjoy the convenience of closing at a financial centerfinancial center of your choice. After that, you can easily access your new home equity line of credit as
you need it.

Home equity basics

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Sat 8 a.m.-6:30 p.m. ET

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