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Home Equity Line of Credit

Home Equity Lines of Credit

Making these dreams come true is easy when you take advantage of a Citizens Home Equity Line of Credit.

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Variable rate that adjusts with Prime. Pay interest only on the amount you use

Borrow between $17,500 and $2,000,000

Terms of 25 years, with a 10-year draw period

No application fee or closing costs, no set up or appraisal fees, $50 annual fee waived first year

Ideal for any expenses, such as home improvements, debt consolidation and education

Available to homeowners with equity


Or call (844) 792-6606 to speak with an expert. 

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Home Equity Line of Credit: Variable Annual Percentage Rate (“APR”) based on The Wall Street Journal Prime Rate (“Prime”) published on the last business day of the month, (5.5% APR as of 07/31/2022.) Maximum APR 21%. Minimum APR 2.50%. Obtaining the best rate requires the following criteria to be met: 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) Having an Investors Bank consumer checking account, set up with automatic monthly payment deduction at the time of origination, 5) A loan-to-value (LTV) of 80% or less (85% or less in Michigan), and 6) Strong creditworthiness. 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 2nd/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 CT, DC, DE, FL, IL, IN, KY, MA, MD, ME, MI, NH, NJ, NY, OH, PA, RI, 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 ninety days prior to application. Property insurance required. Flood insurance may be required. No annual fee for the first year, then $50 per year thereafter during the Draw Period. Investors Bank, a division of Citizens Bank, N.A., offers Home Equity Lines of Credit as low as $17,500, but terms may vary.

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