Apply online in minutes to get a home equity line of credit (HELOC) and put your financial dreams in motion. Renovate your home. Consolidate your debt. Pay for college tuition. The possibilities are endless!
Put your home to work for you.
The equity you have in your home can get you a line of credit to help you meet your financial goals.
Use your HELOC to fund home improvements, education, medical bills or help you consolidate debts. By securing a revolving line of credit, you’ll add financial flexibility to your life.
Borrow the amount you need (up to the available limit), exactly when you need it. As you repay the loan, you’ll replenish your available credit.
Calculate how much you can borrow
Rates as low as:
7.00% APR¹
The Annual Percentage Rate (APR) is variable. Rates range from 7.00% APR to 11.75% APR and will not exceed 18% APR. Property insurance and flood insurance, if applicable, is required. See Home Equity Early Disclosure for fees and terms.
Your Results
Based on the information you entered, these are your results:
| Minimum HELOC Amount | |
|---|---|
| Minimum Amount $5,000 | Monthly Payment $50 |
| Maximum HELOC Amount | |
|---|---|
| Maximum Amount $75,000 | Monthly Payment $422 |
We're sorry. You may not qualify for a HELOC.
You entered your home's estimated value at $250,000.
In order to qualify for a HELOC, you would have to owe less than $XXX,XXX on your home.
You may qualify for another kind of loan or line of credit. Call (866) 536-3222 to speak with a banker to discuss your options or learn more about using home equity.
These estimates are provided for informational purposes only. Always consult a banker for your individual situation.
A HELOC is a great option for:
Tackle projects big and small, from a new roof to a new furnace and anything in between.
Take some of the stress out of school costs—use a HELOC to pay for tuition and other college-related expenses.
Get help with doctors’ bills, healthcare expenses or meeting your deductibles.
A HELOC can help you save money when you refinance high-interest debts at a lower interest rate.
From starter savings accounts to checking for the students in your life, Family Banking brings financial experiences home.
- They get a debit card and can track their money.
- You get a way to monitor their spending.
- Together, you can lock/unlock their debit card and get transaction notices and balance alerts.
Flexibility
HELOCs offer flexibility. You can borrow what you need, when you need it, up to your credit limit. This makes HELOCs ideal for expenses that may come in waves, such as home renovations. But that’s just the tip of the iceberg. HELOCs have many great uses.
Quick decision
With our fast processing, you can be conditionally approved in as little as three business days. Enjoy a smooth, hassle-free experience and access the funds you need—quickly and conveniently.
Draw and repayment
A HELOC is a revolving credit line. As you make purchases, your balance increases and available credit decreases. Payments reduce your balance, freeing up more credit.
HELOCs have two phases: the draw period (up to 10 years), where you can access funds and make interest-only payments, and the repayment period (up to 20 years), with principal and interest payments.
There’s no penalty for early payoff, and interest may be tax-deductible. Consult a tax advisor for details.
Apply Now
Learn more about a HELOC.
How does a HELOC work?
As you pay off your mortgage, you build equity—the difference between your home value and loan amount. A home equity line of credit lets you use that equity to make purchases. The advantage of a HELOC over traditional loans or credit cards includes competitive rates, low closing costs and possible tax deductions. Consult your tax advisor.
What’s the difference between a HELOC and a home equity loan?
The simplest way to understand the difference between the two is this: A line of credit remains available to you even after your balance is paid off. A loan, on the other hand, is a one-time transaction that's paid off over time with regularly scheduled payments of principal and interest.
How much home equity do I have?
Finding out how much equity you have in your home is easy.
- Estimate the value of your home. You can get approximate information by looking into your property tax assessment or the recent sale prices of similar homes in your area. Keep in mind these are just estimates and lenders will usually ask for an appraisal to determine your home's value.
- Calculate the total of any mortgage(s) and any liens on the property.
- Subtract the total amount of any mortgages and any liens from your approximate home value.
LEADING LENDER
IN THE MIDWEST
FOR OVER A DECADE²
Call 866-LEND ABC (536-3222)
Monday–Friday, 8 a.m. – 5 p.m.
Saturday, 8:30 a.m. – 12:30 p.m.
The rate shown is for borrowers with 60% loan-to-value or less, line amount of $250,000, and credit score of 760 or greater. APR is annual percentage rate.
- As of May 13, 2025, the variable rate for Home Equity Lines of Credit ranges from 7.00% APR to 11.75% APR. Rates may vary due to a change in the index. The maximum APR that can apply is 18.000% or the maximum permitted by law, whichever is less, nor will the APR go below 2.500% at any time during the term of the plan. Interest rates are subject to change without notice. The minimum line amount is $5,000.
- Borrower is not responsible for closing costs which include appraisal costs and title insurance costs. Property insurance and flood insurance, if applicable, are required. An annual fee of $50 may apply beginning with the first anniversary of the opening of the HELOC.
- Standard underwriting criteria will apply. Loans are subject to credit approval and program guidelines. (1502)
The Leading Lender in the Midwest designation is based on originated, closed-end mortgage loan count, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the Consumer Financial Protection Bureau Mortgage Database (HMDA), July 2024. (1171)