Variable rates as low as: 6.70% APR
There's no better time to apply. As interest rates drop, so does the rate on your variable rate HELOC.
A Citizens Home Equity Line of Credit offers many benefits
What you can do with a Home Equity Line of Credit
Home renovation
Increase your home value and enjoyment with a dream renovation.
Debt consolidation
Save money by consolidating debt into a lower monthly payment.
Pay for education
From kindergarten to college, a HELOC can help you and your family pay for education.
Make large purchases
Enjoy the flexibility to pay for vacations, big-ticket items or unexpected costs.
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^ Variable Annual Percentage Rate: Variable Annual Percentage Rate ("APR") based on The Wall Street Journal Prime Rate ( Prime ) published on the last business day of the month, (#Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=|Key=PRIME_RATE# APR as of #Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=|Key=PRIME_RATE_DATE#). Maximum APR 21%. Minimum APR 2.50%. Our best rate, including all rate discounts, cannot be lower than 2.50% APR.
Eligible properties include owner-occupied 1-to 4-family properties, condominiums and second/vacation homes. Ineligible properties include, but are not limited to: investment property (defined as non-owner-occupied property), a co-op, mobile home or manufactured housing. Property must be located in AL, AR, CT, DC, DE, FL, GA, IA, IL, IN, KY, MA, MD, ME, MI, MN, NC, NE, NH, NJ, NY, OH, OK, PA, RI, SC, SD, TN, VA or VT. Rate and terms are subject to change and credit approval. Home equity lines of credit are available in first or second lien positions. Not available for homes currently for sale. Homes previously listed for sale must be off the market for at least 90 days prior to application. Property insurance required. Flood insurance may be required. Citizens offers Home Equity Lines of Credit as low as $17,500, but terms may vary.
No annual fee for the first year, then $50 per year thereafter during the draw period. The Annual Fee is waived for the Citizens Home Equity Line of Credit if you have a Citizens Private Client™, Citizens Private Bank™ or Citizens Quest® Checking account open and active at the anniversary of your Credit Line when the Annual Fee would be assessed. If you do not meet this requirement, the Annual Fee of $50 will be charged to your Credit Line Account.
Legal Disclosure: Home Equity Lines of Credit are offered and originated by Citizens Bank, N.A. (NMLS ID# 433960) All loans are subject to approval.
Best Rate Requirements: Obtaining the best rate requires, but is not limited to, meeting the following criteria: 1) A new home equity line of credit application, 2) A line amount of $200,000 or more, 3) Line must be in first lien position, 4) A loan-to-value (LTV) of 80% or less, 5) Strong creditworthiness, and 6) At the time of origination, having a Citizens consumer checking account set up with automatic payment deduction for monthly home equity line of credit payments.
Interest-only payments disclosure: The interest rate is variable, and the monthly payments will change over the 10 years depending on changes to the Prime Rate. At the end of your 10-year draw period, your balance will be converted to a principal and interest monthly payment with a 15-year repayment period. If you select interest-only payments, at the end of the draw period, even if the interest rate stays the same, your monthly payment will increase, possibly significantly, because you will be required to pay both principal and interest.
Wireless: Wireless carrier, text, and/or data charges may apply.
FICO disclosure: FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
