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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 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). In Texas, home equity lines are only available on collateral properties that are single family, primary residences. 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 09/24/2016.

Variable Annual Percentage Rate (APR) can be as low as Prime plus 0.59% (currently 4.09% 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); have excellent credit; 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% to 0.50% rate reduction (not applicable if 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 and 10-year draw 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.

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