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Home Equity Line of Credit Rates & Features

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Get more from your home’s equity with our home equity line of credit Get a low introductory rate for your home equity line of credit

  • Interest may be tax-deductibleFootnote 1

  • No application fee or closing costsFootnote 1

  • Rate discounts are availableFootnote 1

  • Many convenient ways to access your funds

  • Fixed-Rate Loan Options are availableFootnote 1

What can your home equity do for you?

  • Home equity line of credit

    Variable APRFootnote
  • Get custom rates for home equity
    Go get rates for the selected state

DiscountsFootnote 1 on your rate

If you qualify, you could get up to 3 discounts on your interest rate.

Please note: The discounts are not available during the Introductory Period of any Introductory rate offer. Other advertised line of credit APRs include the automatic payment and initial draw discounts.

Automatic payments


Interest rate discount when your monthly payment is automatically deducted from your Bank of America checking or savings account (does not apply to Bill Pay service)

Preferred Rewards clients

0.125% to 0.375%

Interest rate discount for Preferred Rewards clients on a new home equity line of creditFootnote 2

Learn about Preferred Rewards

Initial draw

0.10% to 1.00%

An interest rate discount of 0.10% will apply for each $10,000 withdrawn at account opening (up to 1.00% for draws of $100,000 or more). The initial draw balance must be maintained for the first 3 full billing cycles.

Fixed-Rate Loan Option

If you want to have predictable monthly payments for a fixed term, consider a Fixed-Rate Loan Option.Footnote 1

Fees and closing costsFootnote 1

Zero Dollars
  • application fee
  • to make transfers through Online Banking
  • closing costs on HELOCs with a credit limit of $1,000,000 or lessFootnote 1
  • to convert your variable-rate balance to a Fixed-Rate Loan Option


Line amount

Glossary Term: Minimum: $25,000

Glossary Term: Maximum: $1,000,000 for a primary residence and $500,000 for second/vacation homeFootnote 1

Note: A home equity line of credit is not available on Glossary Term: investment or rental homes.

Easy access to your funds

Online Banking

Online Banking

Mobile Banking

Mobile Banking

Convenience Checks

Convenience checks

Financial centers

Financial centers

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