No commitment, no impact to your credit score.
Variable rates as low as #Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=|Key=HLS_HELOC_APR_NON_TAX_STATES_DEFAULT# APR in your area.
Plus, you’ll enjoy:
- 0.25% deduction for autopay^
- No application fees, no closing costs and no origination fees^
- Money in hand in as little as 2 weeks
To view your personalized HELOC rate simply enter a few details about the property and yourself. Viewing your rate has no impact on your credit score, so why not see what you could qualify for?
© Citizens Financial Group, Inc. All rights reserved. Citizens Bank, N.A. Member FDIC
*IMPORTANT INFORMATION
^ Citizens HELOC disclosure: Home Equity Lines of Credit are offered and originated by Citizens Bank, N.A. (NMLS ID# 433960) All loans are subject to approval.
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.
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.
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.
Automatic payment discount disclosure: 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 is required at the time of loan origination to be eligible for the 0.25% rate discount.
