Home Equity Lines of Credit

 
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A home equity line of credit* (HELOC Loan) is a cost-effective way to use the value of your home to pay for home improvements, college, or other major purchases. You withdraw and spend what you like, up to your maximum HELOC limit. But thanks to the flexibility of a First Horizon Home Equity Line of Credit, your benefits don't end there. By allowing you to fix a portion of your home equity line of credit we help you avoid rising mortgage interest rates**. Whether you want different home equity line of credit terms, a home equity line of credit increase, or a home equity line of credit loan draw extension, we go out of our way to meet your changing financial needs.†

A First Horizon home equity line of credit is one of the most flexible home equity credit options available and includes these added benefits:

  • Interest incurred with a home equity line of credit may be tax deductible§
  • Low rate home equity loan
  • Variable interest rate home equity loan
  • May be able to borrow up to 100% of your home's value
  • Easy access to your home equity credit line with First Horizon checks or credit card (available in most states)*
  • A home equity line of credit is a reusable source of funds
  • Interest-only mortgage payments during draw period. After the draw period, the home equity line converts to a payment of interest and principal.

Plus, when you become a First Horizon customer, you are entitled to Star Privileges®, our free, exclusive program that rewards you for doing business with us. You can redeem for gift certificates for dining and shopping, wonderful travel deals such as airline flights anytime, anywhere and major discounts at premier hotels.

Important Information to Help You Decide

See First Horizon Home Equity Line of Credit Terms and Conditions.

All loans subject to approval. Certain restrictions may apply. First Horizon Home Loans is a division of First Tennessee Bank National Association. Member FDIC.

*Home equity line of credit loan products are not available in Alaska and cannot be applied for online for real estate properties or home in Hawaii or Texas. To apply for a Home Equity Line of Credit for a real estate property or home located in Hawaii or Texas, please visit a financial center in one of those states or call (808) 599-2870 in Hawaii and (866) 849-8111 in Texas.

**Fixed-rate conversion/commitment fee (FINANCE CHARGE) is $100 for each conversion and is subject to change. Fixed-rate conversion applies to single-family, owner-occupied properties or 2nd homes. (Townhomes or condos are also acceptable.) The original HELOC must be in 1st, 2nd, or 3rd lien position on title. The fixed-rate conversion option does not apply to any HELOC product with a CLTV greater than 100%. Not available on HELOCs that have already been converted to our Loan-in-a-Line offerings. Fixed-rate conversions are not allowed for HELOCs secured by properties in Texas or on HELOCs which have previous past due payment of 60 days or more. Fixed rate conversions are available during the draw period only. Terms, rates, and fees are subject to change, without notice, prior to closing your fixed-rate conversion. Minimum conversion amount is $10,000. Certain restrictions and documentation requirements may apply.

†Modifications subject to credit approval and in some cases execution of modification documents. Other restrictions apply.

§Consult your tax advisor regarding the deductibility of home equity loan interest and charges. Subject to certain terms and conditions.



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