Home Equity Line of Credit
Get great rates. There's no better time to put money in your house to work for you with a Home Equity Line of Credit.

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Get a 12-month intro fixed rate 2.99% APR¹ – thereafter, variable rate as low as 3.00% APR². PLUS, no origination fee!

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Questions? Contact us at 800-615-1933 or stop by a banking center.


All products and services are subject to approval, including credit approval.

¹ Introductory rate will be fixed at 2.99% APR for the first 12 months of the contract for home equity lines of credit equal to or less than $500,000 in first lien position or $250,000 in second lien. Introductory rate applies to new lines of credit of at least $15,000 or $20,000 additional credit for refinances of existing First Horizon Bank mortgage term loans or lines of credit.

² After the 12-month introductory period ends, your APR is a variable rate based on The Wall Street Journal (WSJ) Prime Rate (the index) plus a margin that is determined based on your state, credit limit, lien position, loan to value, creditworthiness and other credit criteria. As of 10/1/2021, the WSJ Prime Rate was 3.25% and the variable rate for HELOCs range from Prime minus 0.25% (currently 3.0% APR) to Prime plus 4.97% (currently 8.22% APR). Your variable APR will never be more than 21% (18% in TX, FL, VA, and SC and 16% in GA, NC, and NY) or less than the 3% floor rate.

Subject to an Annual Fee of $50.

Home equity lines of credit are also subject to satisfactory appraisal, title search and proof of ownership. Lender may require property insurance. Valid for owner-occupied primary residences including single family, duplex (both sides must be owned by client), townhouse, condominium (1st Lien only). Some third-party closing fees, typically ranging between $0 and $1,300, are waived on lines of credit less than $350,000 not requiring the use of outside counsel to close. Other fees, for example, attorney fees and title insurance (if applicable), will not be waived. These fees typically range between $0 and $12,000, depending upon the circumstances of your line of credit. Local county/parish tax fees may also apply and are not waived. Proof of income required for all lines of credit. The First Horizon Bank home equity line of credit allows you to make multiple advances for any amount and will be available for a 5- or 10-year draw period. After the draw period has expired, any outstanding balance will be amortized over a 20-year period and will be payable in 240 monthly installments, depending upon the repayment terms and conditions of your line of credit agreement.

LA Property: You may prepay all or any amount owing under the home equity line of credit at any time; however, if you prepay and close the line of credit within the first 24 months after the date of your credit agreement, a prepayment penalty of 2% of the outstanding balance or $400.00, whichever is less, will be assessed provided the line of credit is greater than $25,000.00.

AL, AR, FL, GA, and TN Property: You may prepay all or any amount owing under the home equity line of credit at any time; however, if you prepay and close the line of credit within the first 24 months after the date of your credit agreement, a prepayment penalty of 2% of the line of credit or $400.00, whichever is less, will be assessed.

MS: You may prepay all or any amount owing under the home equity line of credit at any time; however, if you prepay and close the line of credit within the first 24 months after the date of your credit agreement, a prepayment penalty of 2% of the principal balance or $400.00, whichever is less, will be assessed.

VA: You may prepay all or any amount owing under the home equity line of credit at any time; however, if you prepay and close the line of credit within the first 24 months after the date of your credit agreement, a prepayment penalty of 1% of the principal balance or $400.00, whichever is less, will be assessed.

NC, NY, SC and TX Property: You may prepay all or any amount owing under the Plan at any time without Penalty.

TX Residents: Offer valid for owner-occupied primary residences only, located in the state of Texas. Total encumbrances on a Texas Homestead cannot exceed 80% loan-to-value. Overdraft protection, credit card and/or debit card access are not available. Texas home equity lines of credit have a draw period of 5 or 10 years. The minimum advance amount during the draw period is $4,000. After the draw period has expired, any outstanding balance will be amortized over a 20-year period and will be payable in 240 monthly installments, depending upon the repayment terms and conditions of your line of credit agreement.

Normal credit qualifications and other terms and conditions apply. Maximum debt to income, payment to income and loan-to-value ratios apply. Product, rates, and terms are subject to change based on market conditions and borrower eligibility. Please see a First Horizon Bank representative for additional details or ask about our standard HELOC product.

Please consult your tax advisor for details regarding deductibility of interest and charges.

Equal Housing Lender Subject to credit approval. Some restrictions apply.
First Horizon Bank. Member FDIC.