Bank of America HELOC
Best for BofA CustomersBank of America
4.1
8.60%–14.40% APR$25,000–$1,000,000Fee: No closing costs; no annual feeMin credit: 680+
APR Range
8.60%–14.40%
Loan Amount
$25,000–$1,000,000
Term
120–240 mo
Origination Fee
No closing costs; no annual fee
Our take
Best for existing Bank of America customers — the Preferred Rewards discount reduces your rate by up to 0.625% and the no-closing-cost structure eliminates thousands in upfront costs. Rates are average for the industry but the relationship benefits tip the math for BofA account holders.
Is this right for you?
Sign up (free) and we'll tell you if this loan fits your specific budget and goals.
Check my fit →Takes 2 minutes · No credit check
Full details
| Minimum loan amount | $25,000 |
| Maximum loan amount | $1,000,000 |
| Lowest APR | 8.60% |
| Highest APR | 14.40% |
| Shortest term | 120 months |
| Longest term | 240 months |
| Origination fee | No closing costs; no annual fee |
| Minimum credit score | 680+ |
| Funding speed | 2–4 weeks |
Frequently asked questions
What is the APR range for Bank of America HELOC?
Bank of America HELOC offers APR from 8.60% to 14.40%. Your actual rate depends on creditworthiness, loan amount, and term length.
How much can I borrow with Bank of America HELOC?
Loan amounts range from $25,000 to $1,000,000. The amount you qualify for depends on your income, credit score, and existing debt.
What credit score do I need for Bank of America HELOC?
A minimum credit score of 680 is typically required. However, meeting the minimum doesn't guarantee approval — lenders also consider income, debt-to-income ratio, and employment history.
Does Bank of America HELOC charge an origination fee?
Yes, Bank of America HELOC charges an origination fee of No closing costs; no annual fee. This is deducted from your loan proceeds before disbursement.
How fast can I get funded with Bank of America HELOC?
Bank of America HELOC typically funds loans within 2–4 weeks. Actual funding time may vary based on verification requirements and your bank.
Is Bank of America HELOC worth it?
Best for existing Bank of America customers — the Preferred Rewards discount reduces your rate by up to 0.625% and the no-closing-cost structure eliminates thousands in upfront costs. Rates are average for the industry but the relationship benefits tip the math for BofA account holders.
Related guides
Verified Mar 2026
Bank of America HELOC