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Use your home equity

The equity in your home can help you pay for home improvements, consolidate debt or give you the peace of mind of knowing that cash is available if you need it. If you don't have equity in your home, Citi also offers Personal Lines and Loans.


Today's home equity rates

Rates based on


Line/loan amount
$100,000
Mortgage balance
$100,000
Estimated home value
$300,000
Property state
New York

Line of Credit

Variable Rate (APR)
%*

30-yr loan

Fixed Rate
(APR)
%*

Find your rate

Rate (APR)
_.___%
Find out more about home equity lines vs. loans

Home equity rates are unavailable at this time.
Please try again later or call 1-877-362-9100 to discuss your options or learn more about using home equity.

Home equity rates are currently unavailable.
Please try again later or call 1-877-362-9100 to discuss your options or learn more about using home equity.


*Rates as of 05/30/2016. For details about rates and other information, view important disclosures.

Additional assumptions: Customers must have the Citigold® Account Package, enroll in Citibank Auto Deduct (an automatic monthly debit from a Citibank deposit account) for repayment and have excellent credit. For HELOC applicants: assumes an initial draw of at least $25,000 taken at closing.

Citigold is Citibank's premier banking package, which offers preferred benefits and services. The account requires you to open and maintain a checking account in the Citigold Account Package which charges a monthly service fee when its combined average monthly balance requirement is not met. Ask for details.

Ways to apply for a home equity line or loan


Apply online

Find out in seconds whether you're conditionally approved for a home equity line or loan and we'll contact you to finish the process. Start your application

Apply by phone

1-877-362-9100

Call us to apply by phone or to learn more about using home equity. We're available Mon-Sun: 9:00 AM to 11:00 PM ET.

Apply in person

Stop into a Citi branch to apply for a home equity line or loan.

Find a branch

Why Citi Disclosures


1Consult a tax advisor concerning the deductibility of interest.

2No ATM access if collateral property is located in Texas.

Important disclosures


Terms, conditions and fees for accounts, programs, products and services are subject to change.

Home equity lines and loans are not offered for collateral properties located in Alaska. A home equity line or loan is available for single family residential properties (including co-ops in New York, Illinois, District of Columbia, New Jersey and Maryland). Home equity lines are also available for 2-4 family homes that are primary residences (excluding Texas). Home equity loans are also available for 2-family homes that are primary residences (excluding Texas). In Texas, home equity lines and loans are only available on collateral properties that are single family, primary residences. Home equity loans are not available in 1st lien position if the collateral property is located in New York. Home equity lines and loans are not available for mobile homes in any state. Certain limitations apply. Lines of credit and loans are subject to credit approval. Rates are subject to change without notice. All rates are current as of 05/30/2016.

For Home Equity Lines of Credit: Variable Annual Percentage Rate (APR) can be as low as Prime plus 0.49% (currently 3.99% variable APR) and as high as Prime plus 3.74% (currently 7.24% variable APR). To qualify for the lowest rate, customers must meet relationship balance requirements (as of the closing date); use Citibank Auto Deduct (an automated monthly debit from a Citibank deposit account) for repayment; meet certain loan-to-value and lien position requirements; take an initial draw of at least $25,000 at closing; and have a line amount of at least $100,000. Rates will vary depending on the state where the collateral property is located. Additional rate discounts may apply. The variable APR is indexed to the Prime Rate as published in the "Money Rates" section of The Wall Street Journal. Maximum APR is 18%. Annual fee: $50 during the draw period (not applicable if collateral property is located in Texas). Customers who elect to pay closing costs will receive an additional 0.25% rate reduction (not applicable if the collateral property is located in Texas). Closing costs can range from approximately $672 to $18,217, except in New York where they can range from approximately $716 to $24,527. Closing costs may vary based upon the line amount, property location and title insurance required. An Early Closure Release Fee may be charged to recover all costs incurred for originating your loan and may apply if you close your account within 36 months (not applicable if collateral property is located in Texas). Property insurance and the fee to release an existing mortgage may be required. Applicable for loan sizes up to $1 million. No 3rd lien positions. Home Equity Lines of Credit are available to U.S. residents only.

For lines with a 5-year draw period, your monthly minimum payments during the draw period can be as low as "interest-only". If you choose to pay only the amount of interest due, then at the end of the interest-only period you will still owe the original amount you borrowed and your monthly payments will increase because you must pay back the principal as well as interest. Your payment could increase even more if your variable rate increases.

Citibank offers Home Equity Lines of Credit with 5-year draw and 10-year periods. Home Equity Lines of Credit with a 5-year draw period are also available in combination with a Citi mortgage. Please speak to a personal banker for more details.

For Fixed Rate Home Equity Loans: Your Annual Percentage Rate (APR) may be as low as 5.99% APR (as low as 6.24% for New York properties) or as high as 7.74% APR (as high as 7.99% for New York properties). To qualify for the lowest rate, customers must meet loan amount and term requirements, use Citibank Auto Deduct (an automated monthly debit from a Citibank deposit account) for repayment and have excellent credit history. If you borrow $50,000 for 30 years at 7.24% APR, assuming no down payment, you will make 360 payments of approximately $340.75. An Early Closure Release Fee may be charged to recover all costs incurred for originating your loan if you close your account within 36 months (not applicable if the collateral property is located in Texas). Property insurance and the fee to release an existing mortgage may be required.

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