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Home Equity Line of Credit

A U.S. Bank Home Equity Line of Credit (HELOC) allows you to borrow funds on an as-needed basis. Our low rates make it convenient and easy to finance major expenses such as remodeling your home, consolidating debt, purchasing an auto, and more!

HELOC rates offer1

  • Competitive interest rates with no closing costs
  • Low monthly payments
  • Potential tax advantages

Apply Now | View Rates

Competitive low rates

  • Our low HELOC rates help keep more money in your pocket.
  • Special offers may be available when you apply. Your loan officer will have complete details.

Easy, ongoing access to funds

  • Funds are available on the fourth business day after signing your loan documents.
  • Access available funds anytime during the draw period.
  • Transfer funds 24/7 using Online Banking.
  • Other forms of funds transfer include check, phone, EquiLine Visa® Gold Access Card, or any U.S. Bank branch or ATM.

Convenient draw and repayment terms1

  • A 10-year draw period.
  • A 20-year repayment period.1

Payment options that fit your needs1

  • Choose a variable rate with a fixed-rate option, or interest-only payments.
  • The fixed-rate option lets you lock in all or any part of your variable balance with a fixed rate at any time. Use up to three fixed-rate options at one time.1

Save on fees and closing costs1

  • No application fees to open your account.
  • No closing costs.

Other home equity options

Four Ways to Get Started

By Phone

800-642-3547

Online
By Request
In Person

Estimate my rate now

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Estimate my rate now
 
 

Four Ways to Get Started

By Phone

800-642-3547

Online
By Request
In Person
  1. The Annual Percentage Rate (APR) is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. As of November 1, 2014, the variable rate for home equity lines of credit ranged from 3.99% APR to 8.50% APR. Higher rates may apply for lower credit limits (depending upon the market), an LTV at or above 80%, a low credit score and/or not having a U.S. Bank personal Package Checking account. The rate will not vary above 18% APR, or applicable state law, or below 3.25% APR. Choosing an interest only repayment may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. An annual fee of up to $90 may apply after the first year and is waived with a U.S. Bank personal Platinum Checking Package. See the Consumer Pricing Information brochure for terms and conditions that apply to U.S. Bank Package Checking accounts. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Customer pays no closing costs, except escrow related funding costs. Property insurance is required. U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation. Other restrictions may apply. Home Equity Loans and Lines of Credit are offered through U.S. Bank National Association. Deposit Products are offered through U.S. Bank National Association. Member FDIC. ©2014 U.S. Bank. All rights reserved.

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