Use Your Home Equity

The equity in your home can help you pay for home improvements, consolidate debt or give you peace of mind knowing that cash is available if you need it.

Apply Online

or give us a call at

1-877-362-9100

Today's home equity rates

Rates effective as of Month D, YYYY. For details about home equity rates and other information, view important disclosures.

Choosing between a home equity line and loan

  • Learn more about Home Equity Lines of Credit

    A Home Equity Line of Credit (HELOC) is a form of revolving credit in which your home serves as the collateral. It is comprised of a draw period when you can access the funds and a repayment period during which you can no longer draw funds. A HELOC is approved for a specific amount that can be drawn on multiple times as needed, up to your available credit limit.

  • Learn more about Fixed Rate Home Equity Loans

    A Fixed Rate Home Equity Loan provides you with a fixed amount of money, repayable over a fixed period of time. The payment schedule will call for equal monthly Principal and Interest payments that pay off the entire loan within the loan period.

Don't have equity in your home? Explore personal lines and loans

Budget with home equity calculators

Our calculators help you explore your home equity options and determine how much you can borrow and how much your home equity payments will be based on a line or loan amount.

See all calculators

Upgrade or Move Video

Upgrade or Move?

Whether you're upgrading your current home or considering a move, understanding home equity can help guide your decision.

Home equity loan calculator

Apply online

Apply by phone

1-877-362-9100

Need help?

Call

1-877-362-9100

Important Disclosures

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

For Home Equity Lines of Credit: Variable Annual Percentage Rate can be as low as Prime plus % (currently % variable APR) and as high as Prime plus % (currently % variable ). 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 is indexed to the Prime Rate as published in the "Money Rates" section of The Wall Street Journal. Maximum is 18%. Annual fee: $50 during the draw period (not applicable if collateral property is located in Texas). No annual fee will be charged if at the time of the account opening, you are a Citigold or Citi Priority customer or an employee of Citigroup or its subsidiaries. Customers who elect to pay closing costs will receive an additional rate reduction (not applicable if the collateral property is located in Texas). Closing costs can range from approximately $680 to $32,000, except in New York where they can range from approximately $680 to $38,000. Closing costs may vary based upon the line amount, property location and title insurance required. Home equity lines of credit are not available in 1st lien position if the collateral property is located in New York. 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.

Home Equity Lines of Credit with an interest-only draw period require the to have $200,000 or more in personal assets with Citi, or $1,000,000 or more in combined personal assets with Citi and other financial institutions. Personal assets include, but are not limited to: deposit, checking, savings, money market, investment, Certificates of Deposit, stocks and bonds, retirement, mutual fund, annuities and trust accounts.

For Home Equity Lines of Credit with an interest-only 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. Please speak to a personal banker for more details.

For Fixed Rate Home Equity Loans: Your Annual Percentage Rate () may be as low as 6.59% (as low as 6.84% for New York properties) or as high as 8.54% (as high as 8.79% for New York properties). To qualify for the lowest rate, customers must meet loan amount, loan-to-value and term requirements, have excellent credit history, and use Citibank Auto Deduct (an automated monthly debit from a Citibank deposit account) for repayment. If you borrow $50,000 at 7.04% for a 30-year term, assuming no down payment, you will make 360 payments of approximately $334.00. Other rates and terms may be available. Repayments can be made over 5, 10, 15, 20, 25 or 30 years; however, the monthly payment amount may differ from the example used above based on the loan amount and repayment term selected. If you close your account within 36 months an Early Closure Release Fee may be charged to recover all costs incurred for originating your loan (does not apply to collateral properties in Texas). Property insurance and the fee to release an existing mortgage may be required. Fixed rate home equity loans are not available in 1st lien position.

Back to top

Share Your Screen With A Phone Representative

During your call, you may be asked to share your screen for a faster, more efficient experience. If you agree, the phone representative you're speaking with will give you a Service Code to enter below.

If you need assistance from a Citi representative, contact us via chat or phone