Bank of America

† Applies once the six month introductory period ends. Bank of America does not publish one post-introductory APR that applies generally. It advertises a different figure for each property state, and it states that APR may vary based on initial draw, actual CLTV, property value, property location, line amount and other factors. No general figure is recorded here for that reason. The customer discounts Bank of America publishes apply to this rate. They do not apply to the introductory rate: "No customer or other discounts are available during the Variable-Rate Introductory Period."

† Applies for the first six months only, and it is the one rate none of Bank of America's customer discounts touch. The bank states: "No customer or other discounts are available during the Variable-Rate Introductory Period." The advertised introductory APR is not the same in every state, so no single figure is recorded here.

* Interpreted or calculated from what Bank of America publishes, rather than figures it states: Maximum CLTV, Draw period, Repayment period.

The lender also states: Bank of America states a minimum credit score of 660 and at least 15% equity in the home. Closing costs are stated as waived only on lines of credit up to $1,000,000.

The lender also states: Bank of America does not publish a post-introductory APR that applies generally. Read live on 27 August 2026, its rate page advertised a different post-introductory figure for each of the 51 selectable jurisdictions, ranging from 7.425% to 8.965%, and it states that "APR may vary based on initial draw, actual CLTV, property value, property location, line amount and other factors." Each advertised figure is net of two assumed discounts Bank of America itself lists: an "auto pay" discount of 0.125%, and an "initial draw" discount of 0.600% for drawing a minimum of $60,000 at account opening and maintaining a minimum balance of $60,000 for at least the first three full billing cycles. A borrower who does not take both should not expect any of the advertised figures. Every figure also assumes "a new $100,000 HELOC in second lien position with a combined loan-to-value (CLTV) ratio of up to 70% on a single-family detached primary residence and a borrower with excellent credit". That 70% is an assumption behind an advertised rate, not a stated lending limit. Bank of America states the variable APR "is based on Prime plus a margin", and publishes neither the Prime value nor the margin. It also states "Your APR will not exceed 24% or go below 1.99% at any time during the term of your account", which is a lifetime bound and not an advertised rate.

The lender also states: Bank of America advertises two introductory APRs, not one. Read live on 27 August 2026, it advertised 4.740% or 5.740%, depending on the property state, each for six months, and it states "Introductory rates may vary by collateral property state." The 20 jurisdictions advertised at 4.740% were Arizona, Colorado, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Hampshire, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Utah and Washington. The 31 advertised at 5.740% were Alabama, Alaska, Arkansas, California, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Montana, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oklahoma, South Carolina, South Dakota, Vermont, Virginia, West Virginia, Wisconsin and Wyoming. The introductory rate is priced differently from the rate that follows it. Bank of America states: "The Variable Intro Rate is based upon The Wall Street Journal Prime Rate (Prime) minus a discount; that results in the APR stated above, and can change periodically based on Prime." That built-in discount is part of how the introductory rate is priced and is not one of the customer discounts listed elsewhere on the page, none of which apply here. Bank of America states this offer "is available for new applications submitted between 5/1/2026-8/31/2026". After 31 August 2026 it should not be presented as current, and any successor offer is new lender-published information that has to be researched before it is shown.