Home Improvement Loans

Explore all the ways we can help your renovation, addition or home improvement dreams become a reality.

Find the best way to finance your home improvement projects

VARIABLE RATE, BORROWING FLEXIBILITY
Home equity line of credit

Revolving line of credit.
Draw as little or as much as you need up to your credit limit.
No closing costs.^[1]
Rate discounts are available.^[2]
View available introductory rates.

Apply online Line details

FIXED PAYMENTS, NO CLOSING COSTS
Home equity loan

Fixed loan amount.
Predictable monthly payments.
No closing costs.

Apply online Loan details

CONVERT EQUITY INTO CASH
Cash-out refinance

Combine refinance with cash at closing.
Potentially lower your rate.
Conventional, VA and FHA cash-out loan options available.

Apply online Loan details

SINGLE LOAN & MONTHLY PAYMENTS
Renovation mortgage loan

Helps finance construction of a new home or renovation.
Interest charged as you pay for construction or renovation costs.
One-time closing, use funds as you go.

Apply online Loan details

NO COLLATERAL, FIXED RATE LOAN
Personal unsecured loan

No collateral required.
Interest rates^[3] range from 9.24% APR to 29.99% APR.
Maximum loan amount for existing customers^[4] is $50k.

Loan details

NO COLLATERAL WITH A VARIABLE INTEREST RATE
Preferred Line of Credit

A revolving line of credit that requires no collateral and has a variable interest rate.
The maximum line amount for existing customers ^[4] is $50k.

Apply online Line details

NO COLLATERAL, FLEXIBLE PAYMENTS
Prestige Visa® Signature Credit Card

Flexible option for smaller projects.
Earn up to 3% cash back on everyday purchases.^[5]
Earn up to 4% when you register for Rewards Multiplier.^[6]

Apply online Card details

AVAILABLE DIRECTLY THROUGH SELECT CONTRACTORS
Contractor-offered financing

Home improvement loans offered by participating contractors—and your home isn't used as collateral.

No application fee.
No closing or appraisal costs.
No prepayment penalties.

See how to manage your existing loan.

Contractor financing details

Use our calculators to see how home equity might work for you.

Home equity calculator

Estimate how much equity you have in your home.

Home equity loan versus line of credit calculator

Compare payment differences between a home equity loan and a line of credit.

Home equity payoff calculator

Find out how long it will take to pay off a home equity loan or line of credit.

Explore helpful insights about home improvement financing

Podcast
Remodeling & home improvement tips

Get tips to help you remodel or improve your home while maximizing your return on investment.

Listen now

ARTICLE
How to remodel & create your dream home

If you’re looking to make a change in your living situation, you may find that renovating is a better fit for your budget than moving.

Read article

ARTICLE
Time for a new home? Or a renovation?

To make a decision you'll be happy with in the long run, look closely at the factors that are most important to you and your family.

Read article

Explore more resources

Closing Costs: Estimated closing costs of $150 to $4,000. Regions pays closing costs for lines of $250,000 or less, and up to $500 for lines greater than $250,000. If your line is terminated within 24 months of the opening date, third party closing costs paid by Regions will be charged to the line. Consult your tax advisor about the deductibility of interest and other costs.
Rate discounts are available on HELOCs if you elect to have your monthly payments automatically debited from your Regions deposit account through our automatic payment option. Rate discount must be applied prior to loan closing and is not available if you enroll in auto debit at a later date. The amount of the discount varies based on your type of relationship with Regions, ranging from 0.25% up to 0.50%. If you sign up for automatic payment deductions and if those automatic deductions are discontinued by you or us at any time, the APR may increase by the discount amount.
As of today, annual percentage rates range from 9.24% APR to 29.99% APR. The lowest APRs are only available to borrowers with excellent and substantial credit history, who have their payments automatically debited from a Regions checking account (Auto-Pay), and meet other specific credit criteria, such as qualifying loan term of 36 months and a loan amount of $25,000 or more. Your interest rate will depend on your credit history, loan amount, loan term, and election to receive the 0.25% Auto-Pay discount. All loans are subject to credit approval. Loan amounts range from $2,000 up to $50,000 for existing customers. Loan terms range from 36 months (minimum) up to 60 months (maximum). Term length options depends on loan amount. Payment example: A $12,000 loan at 18.74% APR requires 48 payments of $357.16. A $20,000 loan at 17.99% APR requires 48 payments of $587.40.
To be eligible for our unsecured loans, lines of credit or our recreational vehicle loan, you must have a Regions deposit relationship (checking, savings, MM or CD) on which you are an owner that has been open for at least six months. You may apply over the phone, or at your local branch.
Rewards are not earned for any purchases of items that can be traded right away for cash (such as wire transfers, money orders, traveler’s checks, lottery tickets or casino chips), or any other cash advances, balance transfers, fees, interest charges, or unauthorized or fraudulent purchases.
Additional cash back on entertainment, dining, gas and grocery store purchases are awarded based on the merchant category code (MCC) assigned to the merchant where you made the purchase. Regions does not control which MCC a merchant is assigned; it is based on the primary good or service the merchant sells. If a merchant's MCC does not match the MCC for one of these categories, 1% cash back will be awarded for the purchase. Learn more about the Prestige card special offer.