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See What You Can Do with a Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a line of credit where the borrower uses the equity in their home as collateral. Borrowers can access their funds by writing checks, making transfers at the branch, by phone, or through online banking. Throughout the ten-year draw period the minimum monthly payment is interest-only, although you can always choose to pay down the principal too. A HELOC is a revolving line of credit, meaning as you pay down the balance, the available credit line amount becomes available for use again at any time during the draw period. We stand out for our competitive rates and personalized service:

  • Get easy access to funds
  • Pay interest-only on the funds you use
  • Take advantage of no origination or closing costs
  • Variable Interest Rate during the Draw Period
  • Tap in to lines up to $2,000,000

Interest paid may be tax deductible (consult your tax advisor regarding the deductibility of interest). You'll also receive a 0.25% rate discount for automatic payments from your Bank of the West checking or savings account.

Are you ready? It's easy to apply online. If you'd like to speak with an Equity Specialist first, call 1-855-365-9378 or contact us online.  

Quick Tip

A Home Equity Line of Credit is great for home improvements, college tuition and consolidating debt.   

Equity Choice Line of Credit

We have two options for you to choose from depending on if you have a mortgage. Both options have a 10-year draw period.

  • Platinum Equity Choice Line of Credit

    If you do not have a mortgage, this is the right choice for you. Your home must be your primary residence for you to qualify.

  • Gold Equity Choice Line of Credit

    If you do have a mortgage, you will select this option; non-owner occupied properties may also qualify (subject to specific terms and conditions).

Fixed Rate Loan Option

  • This feature converts a portion or all of your variable rate balances from an Equity Line of Credit, up to your credit limit, to a fixed rate loan, without the need to re-apply each time
  • Bank of the West allows a maximum of three fixed rate loan options at any one time
  • One combined monthly statement shows both your variable line of credit and fixed rate loan activity


You can view your variable line of credit and fixed rate loan option activity on one combined monthly statement.

Get Down Payment Help

Our Purchase Money Second Line of Credit can help you with a cash down payment and out-of-pocket expenses.1 There is no origination fee or closing costs on the line of credit, although origination fees and closing costs apply to the first mortgage. Other features include:

Ready to get started?


Whether you want to buy a home, refinance your home, get a home equity line of credit or construction financing, we're ready to assist you with making your dreams a reality.

Contact Us

Check the latest Home Equity Line of Credit Rates and Important Disclosures.

Programs and interest rates are subject to change. Loans and Home Equity Lines of Credit subject to credit approval. Additional fees, conditions and restrictions may apply.

1Purchase Money Second line of credit must be closed concurrently with a Bank of the West 1st Mortgage.


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