Regions Bank HELOC Review 2026
Last updated on August 24, 2026
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Our Take
5.0
HELOCs
NerdWallet rating
The Nerdy headline:
Regions Bank HELOCs come with an introductory rate lower than prime for the first six months after opening your account and can be used for either a first or second home. Borrowers can take advantage of discounts if they sign up for autopay or already have eligible Regions accounts. Regions will also cover closing costs on credit lines of $500,000 or less.
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Regions Bank: NMLS#174490
National / regional
Regional
Min. credit score
Not disclosed
Max LTV
80%
Loan types and products
N/A
Pros
- Can convert $5,000 up to your full outstanding balance to a fixed rate.
- Offers introductory rate for first six months after as well as autopay and existing customer rate discounts.
- Closing costs covered by Regions for credit lines up to $500,000.
Cons
- Maximum combined loan-to-value (CLTV) ratio is only 80%.
- Closing can take longer compared to some lenders.
- Charges overlimit fees, late fees and a fee to convert your balance to a fixed rate.
Full Review
đź’˛Regions Bank HELOC Rates
HELOC rates are determined by two things. The first is the prime rate, which is what banks pay to borrow from one another. The second part is a margin, which the lender calculates based on your financial qualifications (including your credit score, existing debts and income). The prime rate plus your margin equals your HELOC rate offer.
Current prime rate — last changed Dec. 2025 | Prime rate last week | Prime rate in the past year — low | Prime rate in the past year — high | Projected median prime rate for 2026 |
|---|---|---|---|---|
6.75% | 6.75% | 6.75% | 7.5% | 6.8% |
A range of sample rates are posted online.
đź‘Ť Reasons to get a Regions Bank HELOC
With a Regions HELOC, borrowers can convert $5,000 up to their full outstanding balance to a fixed rate. There’s also no initial or minimum draw requirement (unless you live in Texas where the minimum draw is $4,000). Regions Bank HELOCs can be used for either first or second homes (though not for investment properties or manufactured homes) and come with 30-year terms, which includes a 10-year draw period and 20-year repayment period.
You can take advantage of an introductory rate below prime for the first six months after account opening (a shorter period compared to some lenders). Rate discounts are available if you sign up for automatic payments or already have an eligible Regions checking account. Regions will also cover your closing costs for credit lines up to $500,000. If you close your account within the first 24 months, these closing costs will be charged to your credit line (except for properties in Texas).
» MORE: Best HELOC lenders
🤔 Reasons why Regions Bank’s HELOC gives us pause
To qualify for a Regions HELOC, the property you want to use as collateral must be located in one of 15 states where Regions has branches. And while Regions offers a lower introductory rate for its HELOCs, it lasts for just six months, which is a shorter time compared to some lenders. Its average closing time of 30 days is also longer than the 20-day average among HELOC lenders surveyed by NerdWallet in 2026.
To qualify for a Regions HELOC, your CLTV ratio must be no higher than 80% — lower than what many other lenders require. Regions doesn’t disclose its minimum credit score requirements.
Regions HELOC borrowers are also subject to multiple fees. These include overlimit fees of $29 and late fees that equal 5% of your payment amount (with a minimum of $29 and a maximum of $100). You’ll pay a fee of $100 each time you want to convert your balance to a fixed-rate option, too, though this is waived if you submit a request within the first 30 days after opening your account.
đź“Ž Ways to apply for a Regions Bank HELOC
How to Apply | Availability |
Online 🧑‍💻 | ✅ |
Over the phone đź“ž | âś… |
Mobile app 📶 | 🚫 |
In person 🏦 | ✅ |
You can contact Regions’ customer service team through online chat, by phone and in person.
đź›’ Alternatives to a Regions Bank HELOC
Wondering if another lender or product might be a better fit? It’s worth it to shop around to learn more about your options.
If you like having a fixed-rate option for your HELOC but don’t have access to Regions in your area, consider Bank of America, which lets you convert $5,000 up to your entire balance to a fixed rate.
If you want to be able to secure your HELOC with a second home, PNC is another lender that permits this and also doesn’t require an initial draw.
Lastly, if you’d prefer a higher CLTV ratio maximum, Fifth Third Bank accepts ratios up to 90%.
A HELOC isn’t your only option
You can also explore products outside of HELOCs. Alternatives to home equity lines of credit include a home equity loan, which offers a lump sum with a fixed rate, or a cash-out refinance, which replaces your existing mortgage with a larger loan.
Borrow from your home’s equity
Methodology
NerdWallet rates home equity line of credit lenders based on what matters most to borrowers: HELOC rates and fees, how much of a lender’s business is dedicated to home equity lines of credit, HELOC market share, product accessibility, borrowing flexibility and features, customer experience and rate transparency.
We review more than 40 lenders and score HELOC lenders using a weighted system that prioritizes affordability, flexibility and a smooth borrowing experience. Lenders earn higher scores for offering lower borrowing costs, higher combined loan-to-value (CLTV) limits, flexible draw and repayment terms, fixed-rate options, faster closing times and clear, accessible rate information, along with strong customer support throughout the process.
We use a mix of lender-provided information, publicly available data and our own analysis to evaluate each lender. Recent regulatory actions may affect a lender’s score.