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  Regions Bank Home Equity Loans

Regions Bank Home Equity Loans

in Home Equity Loans from Regions Bank

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Regions Bank Home Equity Loans

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in Home Equity Loans from Regions Bank

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Highlights
Highlights
Loan Amount $10,000 - $250,000
APR  (Fixed APR) 3.25% - 11.625%
Loan Term (Years) 7 - 15 years

Regions Bank Home Equity Loans Review

Regions Bank Home Equity Loans is offered by Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Regions Bank Home Equity Loans is available in 50 states (and Washington, DC).

Regions Bank Home Equity Loans FAQ

How much can you borrow with a Regions Bank Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

Regions Bank Home Equity Loans allows borrowers to apply for home equity loans of up to $250,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of Regions Bank Home Equity Loans

This lender's maximum loan to value rate is 89%. That means the total debt secured by the property cannot exceed 89% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $69k.

What home equity loan rates does Regions Bank Home Equity Loans offer?

Regions Bank Home Equity Loans offers home equity loans with a fixed APR that ranges from 3.25% up to 11.625%.

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Regions Bank Home Equity Loans charge for a home equity loan?

Regions Bank Home Equity Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with Regions Bank Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Regions Bank Home Equity Loans will consider loans secured by the following property types:

  • Primary home.
  • Secondary homes and vacation properties.
  • Investment properties and house flipping projects.

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Late Fee Amount $29 - $100
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted Co-borrower
Maximum LTV 89%
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Mortgage Features No-Closing-Costs Option
APR (Fixed APR) 3.25% - 11.625%
Loan Amount $10,000 - $250,000
Loan Term 7 - 15 years
Interest Rate Types Offered Fixed-Rate Mortgage

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