Take advantage of our competitive rate on a Home Equity Line of Credit.
See what your home can do for you with a Huntington variable rate home equity line of credit.
- Get a variable rate ranging from 5.49% to 17.24% APR on a new line of credit of $75,000 or more2.
- Additional rate discounts when you draw on your line at closing2.
- A variety of fixed rate lock options3 on all or part of your balance.
Please note there is a $60 annual fee4.
Take advantage of this offer by January 19, 2019.
|You can choose to stop receiving prescreened offers of credit from this and other companies by calling toll-free, 1-888-5OPT-OUT (1-888-567-8688). See PRESCREEN & OPT-OUT NOTICE below for more information about prescreened offers.|
It’s like talking to a banker. Without having to leave your home.
Important Information About This Offer:
Offers cannot be applied to any other Lending promotions.
Borrower-paid title insurance may be required on loan amounts greater than $750,000. Mail-away Fees, which also include a notary fee, range from $125 to $300 and will apply when closing is facilitated by a third party on Huntington’s behalf. In this instance, a $25 courier fee will also apply. Customers using a condominium as collateral may be charged a fee by their condo association to complete a questionnaire if required by the appraisal company. See a banker for more information about current rates and terms.
1Pre-Qualification: You have been pre-qualified for a Huntington home equity line of credit based on your credit history. This offer is subject to acceptable appraisal and title search for your home and confirmation that you meet our pre-established criteria for this loan. These criteria included credit bureau information, the available equity in your home, your income, and debt to income verification. We may modify our offer, or withdraw it entirely if you do not furnish the required collateral.
2The APR range shown requires a line amount of $75,000 or greater, secured by an owner-occupied property with an 80% loan-to-value (LTV) ratio. APRs range from 5.49% to 17.24%. The APR for this home equity line of credit is variable based on Prime plus or minus a margin and can change monthly but will never be higher than 18.0%. "Prime" and "Prime Rate" mean the "Bank Prime Loan" rate published by the Board of Governors of the Federal Reserve System in its statistical release H.15 (510) entitled "Selected Interest Rates." Current Prime Rate is 5.25% APR as of November 1, 2018. An additional 0.10%, 0.25% or 0.40% rate discount is available for taking a minimum draw of $10,000, $25,000 or $40,000 or greater, respectively at loan closing. A higher APR will apply if you choose a line of credit amount below $75,000 or if you have a higher LTV. The minimum draw at closing excludes any funds used to pay existing Huntington debt.
3You have the option to convert charges on your variable rate line to a fixed rate; however, the fixed rate will always be higher. A $75 fee will be charged for each transaction converting to an amount from a variable rate to a fixed rate in IL, KY, MI, OH, PA and WI.
Terms: Interest is calculated on the Huntington home equity line of credit for each monthly statement period by multiplying the monthly periodic rate times the average daily balance on the account. The monthly periodic rate is 1/365th (1/366th for any leap year) of the ANNUAL PERCENTAGE RATE in effect for the monthly statement period multiplied by the total number of days in that monthly statement period. There is a Draw Period for 10 years after the account is opened during which advances and purchases may be made, and during which reductions to principal are not required (unless line of credit has been exceeded), followed by a 20-year Repayment Period during which the minimum monthly payments amortize the outstanding balance on the line at the end of the Draw Period. The payment due date for the 240th monthly statement period in the Repayment Period for the home equity line of credit is called "Maturity Date". If you pay at least the minimum monthly payment each month, you will fully repay advances and purchase on your account by or before the Maturity Date. On the Maturity Date, if the total outstanding balance of this account is more than the minimum monthly payment due (because, for example, you have not paid at least the minimum monthly payment each month when due, or have incurred other charges or fees on your account that have not been paid), you must pay the total outstanding balance of your account. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a Special Flood Hazard Area. The amount of savings realized with debt consolidation varies by loan. Since a home equity line of credit may have a longer term than some of the bills being consolidated, there may not be a savings over the entire time of the line if you make only the minimum payments. Federally Guaranteed Student Loans and other loans with special government benefits should not be consolidated because you may lose the benefits.
This offer cannot be transferred.
PRESCREEN & OPT-OUT NOTICE: This “prescreened” offer of credit is based on information in your credit report indicating that you meet certain criteria. This offer is not guaranteed if you do not meet our criteria, including providing acceptable property as collateral. If you do not want to receive prescreened offers of credit from this and other companies, call the consumer reporting agencies toll-free, 1-888-5-0PT-OUT or 1-888-567-8688; or write Equifax Options, P.O. Box 740123, Atlanta, GA, 30374-0123 or visit the website www.optoutprescreen.com.
Still Have Questions?
If you can’t find what you’re looking for, let us know. We’re ready to help in person, online or on the phone.
To speak to a customer service representative, call (800) 480-2265, daily 6:00 a.m. to midnight ET.