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Home Equity Line of Credit (HELOC)

With a Home Equity Line of Credit (HELOC), you'll have the peace of mind of knowing you can access the cash you need, when you need it.

For details about rates and other information,
view important disclosures.

Ways to apply for a home equity line

Apply online

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

Apply by phone


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 of Credit.

Find a branch

Also within home equity

Learn about home equity
Explore the benefits of using your home equity and the differences between a home equity line and loan.

Your home equity application
Get a step-by-step guide of the application process and find out what you'll need to apply.

Important disclosures

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

Home equity lines are not offered for collateral properties located in Alaska. A home equity line is available only for 1-2 family residential properties, including co-ops in New York, Illinois, District of Columbia, New Jersey and Maryland. Home equity lines are also available for 3-4 family homes that are primary residences (excluding Texas). Home equity lines are not available for mobile homes in any state. Certain limitations apply. Lines of credit are subject to credit approval. Rates are subject to change without notice. All rates are current as of 02/11/2016.

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 (not applicable if collateral property is located in TX). Customers who elect to pay closing costs will receive an additional 0.25% rate reduction (not applicable if collateral property is located in TX). Closing costs can range from approximately $587 to $18,217, except in NY where they can range from approximately $642 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 TX). 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. During the draw period, your monthly minimum payments 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.

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