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Home Equity Line of Credit

Use the equity in your home to pay for life's major expenses with a new HSBC Home Equity Line of Choice.

Here's what you get with HSBC's Home Equity Line of Choice

Our Home Equity Line of Choice lets you turn your home’s equity into a source of funds to pay for home improvements, debt consolidation[@debtconsolidation], tuition and any other major expenses. As well as borrowing at a lower interest rate than other financing options, you may also get a tax deduction[@helotaxdeductable] on the interest you pay.

  • Low variable introductory rate of 5.49% APR[@helocintroapr]Footnote link 3 for the first 12 months
  • Credit lines up to $500,000
  • No application fee, annual fees or closing costs[@helocfees]
  • Only pay interest on the amount you borrow
  • Available to new-to-country and international clients[@internationalcreditreport]

Key benefits

Initial draw discount

Make an initial draw of $25,000 or more at closing and get a 0.25% rate discount[@helocdiscount].

HSBC relationship auto-pay discount

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

Fixed rate segments

Get the security of a fixed interest rate[@helocfixed] and monthly payments with the option to lock in up to 3 fixed rate loan segments within a home equity line of credit.

Home Equity Line of Choice rates

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 discount.

 

Rates shown are for new Home Equity Line of Choice accounts only and may change daily without notice.
State Principal & Interest APR[@aprgenmortgage] Interest only APR[@helocintonly]
New York 7.75% 8.00%
California 7.65% 8.90%
Washington 8.35% 8.60%
Florida 8.35% 8.60%
New Jersey 7.35% 7.60%
All other states 8.35% 8.60%

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 discount.

 

Rates shown are for new Home Equity Line of Choice accounts only and may change daily without notice.
State New York
Principal & Interest APR[@aprgenmortgage] 7.75%
Interest only APR[@helocintonly] 8.00%
State California
Principal & Interest APR[@aprgenmortgage] 7.65%
Interest only APR[@helocintonly] 8.90%
State Washington
Principal & Interest APR[@aprgenmortgage] 8.35%
Interest only APR[@helocintonly] 8.60%
State Florida
Principal & Interest APR[@aprgenmortgage] 8.35%
Interest only APR[@helocintonly] 8.60%
State New Jersey
Principal & Interest APR[@aprgenmortgage] 7.35%
Interest only APR[@helocintonly] 7.60%
State All other states
Principal & Interest APR[@aprgenmortgage] 8.35%
Interest only APR[@helocintonly] 8.60%

Things you should know

APR information 

Who can apply?

You can apply for Home Equity Line of Credit if you:

  • Have a U.S. Premier relationship with HSBC

Get started

Connect with a Mortgage Consultant to learn more

From within the U.S.

844.HSBC.MTG (844.472.2684)

From outside the U.S.

716.841.6820

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Additional information

    Disclaimers 

    Deposit products are offered in the U.S. by 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 canceled or are subject to change at any time and cannot be combined with any other offer or discount.

    A Home Equity Line of Choice will be secured by a mortgage on your home. All persons on the deed must sign the mortgage. Property insurance is required and flood insurance may be required.

    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 https://www.us.hsbc.com/premier or speak with your Relationship Manager.

     

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