Home Equity Lines of Credit

Put your home equity to work for you

Tap into the equity you've stored up in your home

You've built up a lot of equity in your home over the years. With a home equity line of credit, or HELOC, you can unlock this value and use it in a variety of ways.

Competitive rates

Qualify for a low rate when you take equity out of your home.

Flexible payments

We'll work together to find a payment option that's ideal for you.

Overdraft protection

Use your equity line as overdraft protection on First Citizens accounts.

Ready to start using your home equity?
Promotional Rate

Take advantage of lower interest on a home equity line of credit

Rates as low as
5.99%APR1
12 months fixed when LTV is 80% or less

How can I use my home equity?

Get quick, easy access to the funds you need

For a backyard pool

For home renovations

For a rainy day

How can I use my home equity?

Get quick, easy access to the funds you need

For a backyard pool

How can I use my home equity?

Get quick, easy access to the funds you need

For home renovations

How can I use my home equity?

Get quick, easy access to the funds you need

For a rainy day

HELOC Benefits

Open a home equity line of credit

You've worked hard for your home. Now put that equity to work to achieve your goals.

  • Complimentary Premier2 or Prestige3 checking account
  • Interest may be tax-deductible4
  • Borrow up to 89.99% of your home's equity
  • Conveniently access your funds with checks or your EquityLine Visa® card or transfer to your checking account in Digital Banking
  • Lock in your rate with the fixed-rate option

HELOC payoff schedule calculator
Determine the HELOC that fits your needs

Use this calculator to get a detailed payoff schedule for the HELOC that's right for you.

How to get started

If you're unsure how to apply for a home equity line of credit, don't worry. We're here to guide you and make each step as simple as possible.

Step 1

Submit your application

The first step toward opening a HELOC is starting a conversation with one of our expert bankers and submitting an application for preapproval.

Step 2

Underwriting and appraisal

Once you've submitted your application, we'll work with you to gather and review important documents. This can include a credit report, personal financial information and home appraisal.

Step 3

Get final approval

In this phase, an underwriter reviews all documentation to complete final approval. Your banker will communicate final approval to you.

Step 4

Prepare for closing

Before closing, we'll contact you to discuss and review your HELOC approval. You'll review disclosures, discuss expected fees, provide any additional documentation needed and verify the closing date.

Step 5

Closing and funding options

Finally, you'll sign documents to officially open your HELOC. You can fund your line at closing or any time after closing by transferring funds online, using special EquityLine Checks or using the EquityLine Visa® card.

You may also choose to lock in a fixed interest rate for either a portion or all of the variable balance at or after closing.

FAQ
People often ask us

Promotional Rate HELOC FAQ
Your questions answered

Insights
A few financial insights for your life

Account openings and credit are subject to bank approval.

First Citizens checking account is recommended. Property insurance is required. Title insurance and flood insurance may be required.

Some restrictions apply.

1. This EquityLine account has a promotional APR of 5.99% fixed for 12 months when LTV is 80% or below. A promotional APR of 6.49% fixed for 12 months is applied when LTV is greater than 80%. No action is needed by the customer to activate a promotional rate and all balances on the account will receive this rate for the promotional period. After 12 months, the account will turn to the variable rate specified in your EquityLine agreement and may change at any time. APR is based on the highest Prime Rate published in the Money Rates table of The Wall Street Journal on the last business day of the previous calendar month. The current Prime Rate, as of December 1, 2024, is 7.75%. The APR is variable and may change at any time. Maximum APR is 18.00%. Minimum APR is 3.99%.

EquityLine will have a 10-year draw period at the variable rate specified in your loan agreement followed by a 15-year repayment period with a fixed rate determined prior to the end-of-draw term as specified in your loan agreement. Closing costs are generally between $150 and $1,500 but will vary depending on loan amount and on the state in which the property is located. First Citizens Bank may choose to advance certain closing costs on your behalf.

2. With qualifying EquityLine. The minimum line amount required is $25,000 or more.

3. With qualifying EquityLine. The line amount required is $100,000 or more.

4. Consult your tax advisor regarding the deductibility of interest.

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Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender.

NMLSR ID 503941