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Home Equity Line of Credit

Enjoy a low variable introductory rate of 4.74% APR1 for the first 12 months with a new HSBC Home Equity Line of Choice

Turn your home’s equity into a source of funds for home improvements, debt consolidation3, tuition or major expenses. Save by borrowing at lower rates than other financing options and get a possible tax deduction on the interest you pay4.

HSBC’s Home Equity Line of Choice5

Our flexible line of credit allows you to borrow as little or as much as you need, up to your credit limit. It also offers the option to set up all or a portion of your outstanding balance to a fixed rate loan6 in one convenient account.

  • Credit lines available up to $250,000

  • No application fee, annual fees or closings costs7

  • Only pay interest on the amount you borrow


Initial Draw Discount2

Make an initial draw of $25,000 or more at closing to receive a 0.25% rate discount.

HSBC relationship auto-pay discount2


0.25% rate discount for setting up automatic payments from a Premier checking account.

Fixed rate segments

Enjoy the security of a fixed interest rate6 and monthly payments with the option to lock in up to three fixed rate loan segments within a home equity line of credit. Fixed rate segments are available during the draw period with terms of 5 to 20 years and may protect you from possible rising interest rates over time.

All displayed rates updated {{currentDate}}

Home Equity Line of Choice rates

Principal & Interest APR* Interest only APR*
New York 6.750%
California 6.650%
Washington 7.350%
Florida 7.350% 7.600%
New Jersey 6.350% 6.600%
All Other States 7.350%

Home Equity Line of Choice rates

New York
Principal & Interest APR* 6.750%
Interest only APR*
Principal & Interest APR* 6.650%
Interest only APR*
Principal & Interest APR* 7.350%
Interest only APR*
Principal & Interest APR* 7.350%
Interest only APR*
New Jersey
Principal & Interest APR* 6.350%
Interest only APR*
All Other States
Principal & Interest APR* 7.350%
Interest only APR*

Home Equity Line of Choice rates: based on HSBC Premier relationship, auto-pay discount, excellent credit, owner occupied, single family home, 2nd Lien HELOC, and initial draw discount2

Get started

Rates & line options

A Mortgage Consultant will contact you with a rate quote.

Home equity financing request

Take the first step to unlock your home’s potential.

Customers must meet one of the following HSBC Premier Relationship requirements to be eligible for a Home Equity:

  1. Have at least $75,000 in total deposits and/or investments
  2. Have at least $5,000 in total direct deposits per month8
  3. Maintain a US Residential Mortgage loan with an original loan amount of at least $500,000

Connect with a Mortgage Consultant

Call 844.HSBC.MTG (844.472.2684) to speak with a Mortgage Consultant to learn more.

Home equity checklist

During the home equity application process, you may be asked to provide the following.

Explanation of Terms

APR – The APR is the annual cost of the loan and includes fees (such as mortgage insurance, most closing costs, discount points and loan origination fees) indicating the total cost of the loan. 

*To qualify for discounted rates on a Home Equity Line of Choice, payment must be made via automatic payment from a U.S. HSBC checking account which must be opened and fully funded prior to closing. This APR also includes the initial draw discount2. Discounts can be cancelled or are subject to change at any time. 

Rates shown are for new Home Equity Line of Choice accounts only and may change daily without notice.

1 The Introductory APR applies only during the first 12 months and is based on the U.S. “Prime” Rate (6.25% as of September 22, 2022) minus 1.51%. Prime may change at any time and is subject to change without notice. If Prime increases or decreases during the Introductory Period, the variable Introductory APR and minimum required payment will correspondingly change.  After the 12 month introductory rate period the APR for any existing balance or future advances will convert to the applicable variable rate APR according to the terms of your Agreement. This APR may also vary monthly based on the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal. No discounts apply to the Introductory APR.

2 Rates, discounts and loan amounts depend on specific program and may require certain personal deposit and investment balances, reserves, equity and automatic payment from an HSBC U.S. Premier checking account. For home equity, the Premier APR includes a relationship auto-pay discount of 0.25% and initial draw discount of 0.25% for making a $25,000 minimum initial draw at closing. Initial Draw discount and HSBC relationship auto-pay discount applies to the interest rate after the introductory period ends.

3 Speak with your financial advisor or a counseling agency about debt consolidation.

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

5 To be eligible for an HSBC Home Equity Line of Choice you must have a U.S. Premier relationship. For a complete list of HSBC Premier Relationship eligibility requirements, please visit or speak with your Relationship Manager.

6 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.

7 For line amounts of $250,000 or less, HSBC will pay all closing costs. Generally, closing costs are estimated to range from $270 to $19,900, but may be higher depending on the location of your home and the amount of your line of credit. If you terminate your account within the first three years, you will have to pay an early termination fee of $500 (or $750 for properties located in California and Virginia), plus any mortgage tax-like fees paid by HSBC at the time your account was established. No annual or application fees will be assessed.

8 Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a Wealth Center or ATM.

 Investment and annuity products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.

Deposit products offered through HSBC Bank USA, N.A. - Member FDIC.

Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property 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 any time and cannot be combined with any other offer or discount.

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