Home Equity line of credit details | HSBC

Home Equity Line of ChoiceSM

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It's your home equity. Access it when you need it.

You've worked hard to build equity in your home. If you're ready to start using that equity - whether for home renovations1, education expenses, to consolidate debt or another purpose - we can help.

Enjoy the convenience of time and money-saving features, such as:

  • Discount rates2 for Premier3 and Advance4 clients. Premier clients receive a 1.00% rate discount and Advance clients receive a 0.50% rate discount when you elect auto-pay from your HSBC checking account
  • Line amount to suit your needs. Credit line amounts available up to $350,000. For Premier clients, credit line amounts available up to $1 million
  • Easy access. You can access your cash funds simply by writing a check
  • Pay no application or annual fees5
  • No closings costs5. Pay no closing costs on lines up to $500,000
  • Tax deductibility. Interest charges may be tax deductible6
  • Fixed-rate loans7. You can have up to three fixed rate loans within your line of credit at any one time if you prefer the security of a fixed rate and payment amount

Getting started

To learn more or apply:

Additional resources

Our home equity resources can help you decide whether a Home Equity Line of ChoiceSM is right for you and your family. Learn more with our Home Equity FAQs, Home Equity Information Checklist and Key Facts.

1 Home Equity Line of ChoiceSM for the purpose of home improvement is not eligible in New Jersey.

2 Discounts and loan amount depend on specific program and may require certain Premier or Advance balances, reserves, equity and automatic payment from an HSBC Premier or Advance checking account.

3 To qualify for an HSBC Premier relationship, you need to open an HSBC 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 a personal HSBC Premier relationship. A monthly maintenance fee of $50 will be incurred if minimum balance requirements are not maintained.

4 To qualify for an HSBC Advance relationship, you need to open an HSBC Advance checking account and maintain combined U.S. personal deposit and investment balances of at least $10,000 OR at least $5,000 with a recurring direct deposit from a third party to an HSBC Advance checking account at least once per monthly cycle. Business owners may use their HSBC commercial balances to qualify for a personal HSBC Advance relationship. A monthly maintenance fee of $25 will be incurred if minimum balance or minimum balance with direct deposit requirement is not met.

5 The Annual Percentage Rate (APR) for a Home Equity Line of ChoiceSM is variable and is based on the U.S. Prime Rate published each day in The Wall Street Journal (but not the Weekend Edition of The Wall Street Journal) (the "Index") plus a margin. If The Wall Street Journal publishes more than one U.S. Prime Rate for a day, the Index will be the average of those rates. The index as of the last change date of December 17, 2015 is 3.50%. The maximum APR is the greater of 15.9% or 5% above the initial APR. The APR will not increase or decrease by more than 4% in each year. Rates apply to lines secured by your primary residence (excluding co-ops and 3-4 family property) with a total loan-to-value ("TLTV") ratio of 80% or less. Higher rates may apply for different TLTV's, property and product types. Please contact us for current rates on lines with different terms

The APR does not include closing costs. For lines equal to or lesser than $500,000, HSBC will pay all closing costs. For lines greater than $500,000, HSBC will pay half of the Mortgage Taxes and Title insurance costs, and all other closing costs, which are estimated to range between $1,000 to $17,000. If you terminate your account within the first three years, you will have to pay an early termination fee of $500 or $750 (California and Virginia properties), plus certain fees paid to third parties on your behalf. These third party fees include mortgage taxes and mortgage tax-like fees, and title insurance costs, and are estimated to range from $600 to $15,000 ($500,000 or less) or $500 to $9,500 (more than $500,000), but might be higher. No annual or application fees will be assessed. Your home equity account will be secured by a mortgage on your home. Property insurance is required and flood insurance may be required.

6 Consult your tax advisor for details on tax deductibility of interest paid on loans secured by your home.

7 The fixed rate loan option provides the ability to fix the interest rate on all or a portion of the outstanding balance during the draw period. Up to three balances can be fixed at one time. Additional conditions apply.

United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax advisor.

Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for properties located in the U.S. 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.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

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Premier3 clients receive a


auto-pay rate discount2

Advance4 clients receive a


auto-pay rate discount2

Have a question about your existing HELOC?

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Monday - Sunday 7:00am - 12:00am ET

†† Investments, Annuity and Insurance Products:


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我们随时为您提供帮助。需要普通话或英语服务,请拨 800.711.8001(北美洲境内免费长途电话)或 716.841.6989(美国以外地区可采用对方付费方式致电)。

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