Regions Bank HELOC
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| Loan Amount | $10,000 - $500,000 |
| APR (Factor Based) |
8.25% - 15.125% (Verified 03/23/2023) |
| Maximum LTV | N/A |
Regions Bank HELOC Review
Regions Bank HELOC is offered by Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Regions Bank HELOC are available in 50 states (and Washington, DC).
Regions Bank HELOC FAQ
How much can you borrow with a HELOC?
HELOCs are lines of credit that are secured by your home. Once you get approved for a certain amount, you can access your funds by check, phone, credit card, or online up to your HELOC amount.
Regions Bank HELOC allows borrowers to apply for lines of credit of up to $500,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.What are the terms for a Regions Bank HELOC?
HELOCs have a draw and a repayment period. During the draw period you can borrow as much as you need up to your credit limit. After the draw period, you are responsible for repaying the loan.
Regions Bank HELOC offers home equity loans with a maximum term of 15 years with an additional draw period of up to 10 years.
Is there a minimum draw requirement?
No, there isn't a minimum draw requirement.
What range of rates does Regions Bank HELOC offer?
Regions Bank HELOC offers APRs as low as 8.25% and up to 15.125%.
Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.
What fees does Regions Bank HELOC charge for a HELOC?
Regions Bank HELOC may charge a loan origination fee .
Contact
- Headquarters
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700 Airport Rd
Huntsville, AL 35802 USA - (800) 734-4667
- Visit Site
- Email Support
Other Services by Regions Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Employment Statuses Considered |
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| Immigration Status Considered |
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| Joint Loan Applications Accepted |
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| Military Status |
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| Supported Income Types |
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