Home Equity line of credit and loans | HSBC
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Home Equity Line of ChoiceSM to meet your credit needs
- Home Equity Line of ChoiceSM
The home equity line of credit you need–with the flexibility and convenience you want.
- Preferred rates1 available for HSBC Premier2 clients
If you're an HSBC Premier client, you could receive a preferred line of credit rate on a new Home Equity Line of ChoiceSM
- Talk to an HSBC professional3.
- Locate your nearest branch
- Home Equity Availability Information
Home Equity Lines of ChoiceSM are available through HSBC Bank USA, N.A. in AL, AZ, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA and WI.
For more information regarding home equity products and features with Interest Only Options, Early Termination Fees click here* for more information.
1 To qualify for preferred rates on a Home Equity Line of ChoiceSM, you must be HSBC Premier prior to closing and choose to have your payment automatically deducted from an HSBC Premier checking account.
2 To qualify for HSBC Premier, you need to open a Premier Checking account and maintain $100,000 in combined U.S. personal deposit and investment balances. Business owners may use their commercial balances to qualify for personal Premier relationship. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. You have up to 90 days after account opening to meet the full $100,000 balance requirement.
3 Regular variable rate for an approved Home Equity Line of Choice of $50,000 or more with a Total Loan to Value (TLTV) <80% is Prime +1.99 APR. Rates vary for different TLTV's, line amounts, property and product types. Please contact us for current rates on lines with different terms. The maximum APR that can apply is the greater of 15.9% APR or 5 percentage points over the initial APR in effect as of closing.
The APR may vary daily based on the Prime rate published in The Wall Street Journal. If The Wall Street Journal publishes more than one U.S. Prime Rate for a day, the Index Rate will be the average of those rates. As of 01/28/2015 Prime Rate is 3.25%. Your Home Equity account will be secured by a mortgage on your home. Property and flood insurance, if applicable, are required. All persons on the deed must sign the mortgage. Lines are subject to credit approval.
Deposit products offered through HSBC Bank USA, N.A. Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A.. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at anytime and cannot be combined with any other offer or discount.
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