Bank of America HELOC review 2026
Bank of America offers a variable-rate HELOC with a starting APR of Intro 5.74%, then ~8.28% APR (variable). It's best for low-fee helocs with intro rate and fixed-rate option, typically wants a credit score of 660 or higher, and lends up to $1,000,000 at a maximum combined loan-to-value of 85%. Compare it against at least two other lenders before deciding — checking your rate through King of HELOC won't affect your credit.
Bank of America HELOC at a glance
| Starting APR | Intro 5.74%, then ~8.28% APR (variable) · as of June 2026 · bankofamerica.com |
|---|---|
| Min. credit score | 660 |
| Max. loan | $1,000,000 |
| Max. CLTV | 85% |
| States | National (availability/rates vary by state) |
| Best for | Low-fee HELOCs with intro rate and fixed-rate option |
Bank of America HELOC pros and cons
Pros
- 6-month introductory rate below prime
- No origination fee or annual fee; fixed-rate option available
Cons
- Doesn't publish average closing time
- Application not available via mobile app
Who a Bank of America HELOC is best for
A Bank of America HELOC is best for low-fee helocs with intro rate and fixed-rate option. To qualify you'll generally need a credit score around 660, a debt-to-income ratio of 43% or less, and enough equity to keep your combined loan-to-value at or below 85%. Strengthen any one of those before applying and you'll unlock better pricing — see our HELOC requirements guide and how to get the best HELOC rate.
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How this review was made (methodology)
Details above are compiled from public sources, including Bank of America's own published disclosures and third-party reviewers, and were accurate as of 2026-06-28. Rates are variable and change frequently. Ratings shown are third-party scores, attributed to their source — they are not King of HELOC's own ratings, and we don't publish invented ratings, rates, or customer reviews. Always confirm current terms on the lender's site before applying.
How we make money. King of HELOC is a marketing and lead-generation service, not a lender, and is not affiliated with or endorsed by Bank of America. We may be compensated by lending partners when you're matched with them, which can affect placement but never our editorial standards or the data on this page. All lines are subject to credit approval, income verification, and property valuation.
Compare other HELOC lenders
- Chase HELOC review — moderate lines and second-home helocs
- U.S. Bank HELOC review — borrowers who want fixed-rate locks and no-closing-cost helocs
- PNC HELOC review — large lines and higher cltv needs
- See all best HELOC lenders →
Frequently asked questions
Is Bank of America a good HELOC lender?
Bank of America is best for low-fee helocs with intro rate and fixed-rate option. Independent reviewers rate it 5.0/5 (NerdWallet). As with any HELOC, whether it's the best choice depends on your credit, equity, and state — compare it against at least two other lenders before deciding.
What credit score do you need for a Bank of America HELOC?
Bank of America typically looks for a credit score of 660 or higher. The lowest HELOC rates generally go to borrowers with 740+ credit, a low debt-to-income ratio, and a combined loan-to-value at or below 85%.
How much can you borrow with a Bank of America HELOC?
Bank of America lends up to $1,000,000 on a HELOC, subject to a maximum combined loan-to-value of 85% of your home's value minus what you still owe on your mortgage.
What states does Bank of America offer HELOCs in?
National (availability/rates vary by state) Availability and terms can change, so confirm on Bank of America's site before applying.