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Get the flexibility you need with attractive HELOC rates

When you need the money to do the things you want, a home equity line of credit (HELOC) is a great way to make it happen. A home equity line of credit allows you to take out money as you need it to pay for house projects; college tuition or unexpected expenses. You can also use a HELOC for debt consolidation, which means you’ll have just one payment to keep track of each month, often with a lower interest rates. Use a home equity line of credit to:

Loan Type APR* as low as
Home equity line of credit
3.50%

*APR refers to Annual Percentage Rate. APR effective as of 4/25/2017 and subject to change. Currently, we do not offer HELOC in Texas. 

HOME EQUITY LINE OF CREDIT

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Nationwide Bank NMLS #769318. To verify that a mortgage company or individual is authorized to conduct business in your state, visit the NMLS Consumer Access website.

* Disclosed Annual Percentage (APR) reflects a variable rate of Prime and assumes a loan to value ration of 60% or less, a loan amount of at least $100,000 and good credit history.  Variable rate is subject to change monthly based on the highest U.S Prime rate published in the money rates sections of The Wall Street Journal on the 15th day of the preceding calendar month.  All loans are subject to approval and your individual APR may vary based on your creditworthiness, loan to value and loan amount.  Total line of credit is calculated based on appraisal value of your home, not to exceed 60% of the appraised value of the property minus any existing mortgage balances.  The maximum APR that can be apply is 24.99% or the maximum amount permitted by law, whichever is less.

1 Up to $750 in closing costs, which includes appraisal fees, will be waived upon closing.  Closing costs are typically less than $750 unless property is located in Maryland, South Carolina, New York and Florida.  Customers in these states will be responsible for additional tax assessments over $750, which can be estimated between $750 and $6,000.  If the home equity loan or line is closed or paid off by the customer in the first 24 months, the customer must reimburse Nationwide Bank the lesser of $300 or actual costs waived. 

2 Please consult your tax adviser regarding the deduct-ability of interest of your home equity line of credit.

3  Insurance products offered through Nationwide Insurance are NOT insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank.  


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