See what's possible
A Home Equity Line of Credit (HELOC) uses the equity in your home as collateral. With us, there are no closing costs and investment properties may be eligible.
What you can do with a HELOC:
- Consolidate higher interest debt
- Make home improvements
- Pay for unplanned expenses
- Fund a down payment on your home purchase when combined with a Bank of the West mortgagefootnote3
What sets us apart is what we do and don't do with your money
Banks can lend up to 100% of their customers' deposits. Do you know what your money is funding?
$0 is the amount we finance towards Arctic drilling, tar sands mining and big tobacco.
How can I learn more about how a HELOC works?
How do I access the available credit under my Bank of the West HELOC?
You can access your credit by using Online Banking, HELOC checks, visiting a branch, or contacting customer service at 800-727-7500 (TTY: 800-659-5495).
How do I make a payment to my line of credit?
You can make a line of credit payment by using our automated phone system or by signing in to your Online Banking account or mobile app. Sign in to Online Banking, hover over “Payments & Transfers”, and click “Transfer & Payments Between My Bank of the West Accounts” (if you have a Bank of the West Checking or Savings account).
If you want to make a payment from a non-Bank of the West account, sign in to Online Banking, hover over “Payments & Transfers”, click “Transfer & Payments Between My Bank of the West Accounts”, then click “Use an account at another bank to pay your mortgage, loan, or line of credit.”
How can I set up automatic payments for my HELOC?
You can request automatic payments when you apply for a new HELOC. You’ll be able to confirm the automatic payment information on the Disbursement Request and Authorization form you will sign at account opening (if approved). If you have any questions regarding this process, please ask your home finance specialist.
If you have an existing HELOC, you can add or remove automatic payments at any time. You may establish automatic payments from another institution or from Bank of the West. If you choose to establish automatic monthly payments from your Bank of the West personal checking or savings account, you will receive a discount off your rate. Discounts may be reversed and your rate payments may increase if automatic payments are discontinued for any reason. If you have additional questions of would like to establish automatic monthly payments, please call us at 800-827-7500 (TTY: 800-659-5495).
How can a lender or title company request a HELOC Payoff Demand Statement?
A 3rd party may request a written payoff demand statement by completing the HELOC Payoff Demand Request form and faxing to 402-918-6940. You may request a payoff amount by calling 800-827-7500 (TTY:800-659-5495) and select “home equity line of credit payoff” to speak with one of our team members. We may temporarily suspend access to your credit line while a payoff statement is outstanding to ensure the quote remains accurate. To obtain a payoff quote for a fixed home equity loan, please call 888-915-2327 (TTY: 800-659-5495).
What is a subordination?Usually, a subordination is an agreement between your first mortgage lender and any junior lien lenders, such as your home equity lender. It allows the junior lien lender to agree to remain in second lien position after your first mortgage lender’s refinance.
How can a subordination by Bank of the West be requested by a first mortgage lender and how long does the process take?
Our subordination request form and requirements (PDF) outlines what is required for a first mortgage lender to submit a request. Once the first mortgage lender’s complete subordination package and payment to process the subordination request have been received, our subordination team will work with the first mortgage lender to make the process as quick and transparent as possible. We will not begin processing until all information is received from the first mortgage lender. Once received, please allow 30 business days for us to process the request. Unfortunately, we are unable to expedite any requests. All requests are processed in the order in which the complete subordination package is received. We may charge a fee to approve and process a subordination request.
After payoff and closure of my HELOC, when can I expect my lien release?
The release will be sent to the county in which the property is located for recording within your state’s time requirements. Typically, this will occur around 30 days after payoff, but is longer or shorter in some states.
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Choose your state of legal residence. We can then give you information about the products and services available in your area.
Note: Bank of the West has branches only in the states listed in the drop-down. At this time, we only open accounts for individuals and businesses in these states.