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HOME EQUITY LINE OF CREDIT

Unlock the possibilities

Get fast, flexible access to funds for home improvements, debt consolidation¹ and more with a HELOC.

Apply now

Don’t miss this special
introductory rate:

Introductory variable rate

variable APR² for first

6 months

Variable rate thereafter

variable APR²;
includes discounts³

Rates above as of and subject to change.
Based on a line amount of $100,000 and an initial draw of $60,000.

Home Equity rates are unavailable at this time

Please try reloading the page again, or try back later. You can also call and speak to an agent Monday through Friday, 8:00 am to 10:00 pm Eastern and Saturday 8:00 am to 6:30 pm Eastern.

Call

Information for:

Use your HELOC for a variety of purposes

Home improvements
Debt consolidation¹
Large purchases
Education costs
Medical emergency expenses
And more

Why choose a HELOC from Bank of America?

$0 application fees²

$0 closing costs²

$0 annual fees²

Plus, take advantage of these interest rate discounts

0.125%
for automatic monthly payments³

Up to 1.50%
for initial withdrawals³

Up to 0.625%
for BofA Rewards™ enrolled or eligible members⁴
(Specific rate discount is based on your rewards tier or eligible rewards tier at the time of application.)

A HELOC is a better way to borrow

Lower interest rate

Rates are generally lower than personal loans or credit cards.

Easy access to funds

Access your money whenever you need it.

Interest may be tax deductible

You may be able to deduct HELOC interest, consult your tax advisor.

Estimate your home's value

Visit the Bank of America Real Estate Center® and enter your address to see a rough estimate of how much your home is worth. Try it out.

Get started with a Home Equity Line of Credit

Apply now

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The relative benefits of a loan for debt consolidation depend on your individual circumstances. For example, you may realize interest payment savings by making monthly payments towards the new, lower interest rate loan in an amount equal to or greater than what was previously paid towards the higher rate debt(s) being consolidated.

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You are invited to apply for a Home Equity Line of Credit (HELOC). This is not a commitment to lend; you must submit additional information for review and approval. Rate(s) and Annual Percentage Rate(s) (“APR(s)”) are for illustrative purposes only and are subject to change without notice. This invitation to apply is available for named recipient (and co-borrower, if any) of this material only, for new applications submitted between 5/1/2026 and 8/31/2026. Bank of America may discontinue Introductory Rate Home Equity Line of Credit offers without notice, regardless of originally-advertised offer period dates.

APR During the Introductory Period: The variable Introductory APR is based upon The Wall Street Journal Prime Rate (“Prime”) minus a discount. Prime may change at any time and is subject to change without notice. If Prime increases or decreases during the Introductory Period, the variable Introductory APR and minimum required payment will correspondingly change. The Introductory Period begins on the date of account opening. No client or other discounts are available during the Introductory Period.

APR After the Introductory Period: After the Introductory Period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the HELOC agreement. The variable APR is based on Prime plus a margin, and will vary with Prime. Your APR will not exceed 24% or go below 1.99% at any time during the term of your account. Sample APR assumes a new $100,000 HELOC in second lien position with a combined loan-to-value (CLTV) ratio of up to 70% on a single-family detached primary residence and a borrower with excellent credit. APR may vary based on initial draw, actual CLTV, property value, property location, line amount and other factors. The term of a HELOC is 30 years: 10-year draw period, 20-year repayment period. Property insurance is always required and flood insurance is required where necessary. Certain property types are not eligible collateral. The variable minimum monthly payment will be an amount sufficient to repay the outstanding balance in principal and interest payments over the remaining term at the applicable APR, subject to a minimum payment of at least $100. The minimum line amount is generally $25,000, but lines as low as $15,000 are available in certain locations. The maximum line amount is generally $1,000,000, but may be $500,000 in certain locations. Bank of America pays all closing costs on lines up to and including $1,000,000. If you terminate your account within 36 months of opening it, you will be required to pay an Early Closure Fee of $450. The Early Closure Fee does not apply for accounts with a maximum line amount less than $25,000 or for properties located in Maryland.

Additional Information for HELOCs in Texas subject to Section 50(a)(6) of the Texas Constitution: Early Closure Fee does not apply. The minimum advance is $4,000, maximum CLTV is typically 80% and maximum LTV is typically 80%. Access to the HELOC account using an ATM card or other access cards is not allowed.

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The following discounts are available on a new home equity line of credit (HELOC): (1) an "auto pay" discount of 0.125% for setting up automatic payment (at or prior to HELOC account opening) and maintaining such automatic payments from an eligible Bank of America deposit account; (2) an "initial draw" discount of 0.10% for every $10,000 initially withdrawn at account opening (up to 1.50% for initial draws of $150,000 or more). This initial draw minimum balance must be maintained for at least the first 3 billing cycles (less any required principal payments); and (3) a 0.25% discount for HELOCs in first lien position at account opening. These discounts are not available during the Introductory Period of any Introductory Rate offer. The advertised APR after the Introductory Period includes the auto pay discount, any applicable BofA Rewards discount, and the initial draw discount based on a $60,000 assumed initial draw.

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BofA Rewards™ Home Equity Line of Credit. Home Equity Line of Credit (HELOC) interest rate discounts are offered to clients who are enrolled or are eligible to enroll in BofA Rewards, based on their rewards tier at the submittal of home equity application (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). Amount of discount (0.00% for Member tier, 0.250% for Preferred Plus tier, 0.375% for Preferred Honors tier, and 0.625% for Premier tier) is based on the rewards tier at the submittal of home equity application and is not subject to adjustment after the application is submitted. For further details, visit the BofA Rewards section of the Personal Schedule of Fees. Benefit is non-transferable. BofA Rewards home equity benefit can be combined with certain other home equity interest rate discounts. Credit and collateral subject to approval. Terms and conditions apply. Programs, rates, terms and conditions subject to change without notice.

BofA Rewards™ Eligibility. Customers can enroll and maintain their membership in BofA Rewards™ if they have an open, qualifying Bank of America® checking account. BofA Rewards tiers are based on each customer’s combined average balance in qualifying deposit and investment accounts. The minimum balance for each tier is: Member, no minimum balance; Preferred Plus, $30,000; Preferred Honors, $100,000; and Premier, $1,000,000. When you enroll, you’ll be placed in the appropriate tier for your combined average balance and then moved to the highest tier you’re eligible for based on one of the following:

for the 30 calendar days following your first enrollment, the combined end-of-day collected balance of your qualifying accounts (“Daily Balance”), provided that your Daily Balance remains above the required amount for a minimum of three business days; or
subsequently, the combined average balance of your qualifying accounts calculated on the third business day of each month.

Eligible customers will be moved to the higher tier within 3 business days. New tier benefits may take up to 30 days to become effective. For full terms, including qualifying accounts and the method of calculation of average balances, refer to your Personal Schedule of Fees.

Additional Eligibility. Employees and retirees of Bank of America may be eligible for BofA Rewards membership on customized terms. For details, please call Employee Financial Services or refer to the Bank of America intranet site. Bank of America Private Bank clients qualify to enroll in the Premier tier regardless of balances. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible for BofA Rewards on customized terms. Refer to CEBI Program for details.

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MAP8935161-11202027 | LP-05-26-0047

Unlock the possibilities

Don’t miss this special introductory rate:

Use your HELOC for a variety of purposes

Why choose a HELOC from Bank of America?

Plus, take advantage of these interest rate discounts

A HELOC is a better way to borrow

Lower interest rate

Easy access to funds

Interest may be tax deductible

Estimate your home's value

Get started with a Home Equity Line of Credit

Don’t miss this special
introductory rate: