Home Equity Lines of Credit - Popular Bank

Popular Equity Advantage Line of Credit1

We provide lines of credit in New York, New Jersey and Florida, for single-family homes, townhouses, condos and two- to four-unit residential properties.


New York & New Jersey Florida
Borrow up to 89.9% of your primary home’s value Borrow up to 80% of your primary home’s value

Minimum line of credit: $10,000

A home improvement is life improvement.

Home is where you reimagine, revive or renovate. Create a man-cave, design a craft studio or expand your kitchen. Move beyond the ordinary with a Popular Home Equity Line of Credit.1

Visit your nearest branch or call 1.888.317.9062 to learn more about our home lending options and attractive rates.

Introductory rate

3.85 % APR4
for 12 months

Variable rates as low as

5.50 % APR
after 12 months

Why Choose a Popular Home Equity Line of Credit?

Revolving Credit Line

Revolving Credit Line

Use your HELOC to cover large expenses such as home renovations or medical bills.

No Closing Costs

No Closing Costs2

No additional cost at closing equals more money to use for your expenses.

10-year draw period

10-Year Draw Period

Followed by a convenient repayment term.

Flexible Access

Flexible Access

Access your line by check, a transfer through online banking or a cash advance at a branch.

Free to Apply

Free to Apply

No application fees and no points required.

Tax Deductible

Tax Deductible

The interest you pay may be 100% tax deductible. Consult your tax advisor.

Fixed Rate Lock Option Available

Fixed Rate Lock Option3 Available

Lock up to three portions of your balance at one time. Repaid principal becomes part of your available line again.

Auto-Debit

Auto-Debit

Ask a Banker about our Auto-Debit service.

Learn how to use the equity in your home today. Contact your local branch or call our Customer Care Center at 1.888.317.9062.

1All loans subject to credit and property approval. Rates are variable, terms and conditions vary by state and product features, and criteria are subject to change without notice. Please contact a banker or Customer Care Center representative for updated information and current rates.

2Popular will pay all third-party fees for home equity lines of credit of $500,000 or less. For lines of credit $500,000 or less, if you choose to pay off and close your line of credit within three years, a single payment will be charged to recapture any third-party fees paid by the bank. If you refinance your line of credit with Popular, we will waive this single payment to recapture the third-party fees. Third-party fees, other fees and taxes apply to lines of credit over $500,000.

3Rate lock feature offers fixed-interest rate loans with a minimum lock amount of $5,000 per request, maximum 3 locked amounts at one time. The first rate lock is free, additional rate locks are $50, are treated as a finance charge and are assessed against the line. As it applies to applicable rate locks, loan payments consist of both principal and interest to fully repay the locked portion over the course of the term selected. See a banker for more details.

4The introductory rate of 3.85% APR is for a Home Equity Line of Credit (HELOC) for 12 months only for borrowers with a maximum 80% combined loan to value (CLTV) who take an initial draw of $25,000 at closing, maintain this balance for 12 months and have automatic payments from a Popular Bank deposit account. 1-4 family primary residence only, no co-ops, new Popular Bank HELOC accounts only. APR determined at application and is subject to change. After the introductory period, your APR will vary based on the Prime Rate (currently at 5.25% as of 8/1/19) plus an applicable margin between 0.25% and 6.25% depending on your credit score, amount borrowed and the state where the collateral property is located. Borrowers may be offered credit at higher rates and other terms. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will also be required. Annual fee of $50, waived for the first year. Offer ends 9/15/2019.

Please never share your Popular account details with anyone. Popular will never ask you for your password through email, social media or a third-party website. Learn more.