Louisiana Home Equity Line of Credit (HELOC)

 Overview  Apply Now 

You've invested a lot in your home—put your home equity to work! The funds are yours to use any way you like. With a Capital One BankSM Home Equity Line of Credit, just write checks for the amounts you want to borrow.

  • No prepayment fees 
  • Rates as low as 4.53% APR1
  • Fixed repayment rate as low as 7.01% APR3 
  • Money accessible through online transfers, phone transfers, or checks
  • Simple application, quick decision
  • Overdraft protection for Capital One Bank branch checking accounts is available
  • Tax deductions potentially available on interest paid—tax advisor should be consulted
  • 0.25% APR discount with automatic payments from Capital One Bank branch checking or savings account2

After submitting your application, you will be required to visit a branch office in Texas or Louisiana to complete the process.

or call toll-free 1-800-664-0960
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Normal credit qualifications and other terms and conditions apply. Rates subject to change without notice.

Subject to a $99 origination fee and a $50 annual fee. Home equity lines of credit are subject to satisfactory appraisal, title search and proof of ownership. Some third party closing fees, typically ranging between $100 and $1,300, are waived. Other fees, for example, attorney fees and title insurance (if applicable), will not be waived. These fees typically range between $750 and $4,400, depending upon the circumstances of your line of credit. Local parish tax fees may also apply and are not waived. For Orleans Parish, the $325 Documentary Transaction Tax is not waived.  Consult your banker for additional details. Proof of income required for all lines of credit. Financial statement and two previous years' federal tax return with attached schedules required for lines of credit $250,000 or greater.

1The Capital One Bank Home Equity Line of Credit offers a variable rate as low as The Wall Street Journal Prime plus 1.24% on new lines $50,000 and greater, including the auto debit discount.  This rate is subject to change based on movement in The Wall Street Journal Prime.  As of 12/16/08, The Wall Street Journal Prime Rate was 3.25%.  The maximum possible APR on the variable-rate line of credit is 18%.  The Capital One Bank home equity line of credit allows you to make multiple advances for any amounts and will be available for a 10-year draw. After the draw period, you will be required to pay the entire outstanding balance in a single payment.  You have the option of paying more toward principal whenever you choose with no prepayment penalties. Please see a Capital One Bank representative for more details on Loan to Value requirements.

2 Stated rate includes a 0.25% APR discount when you set up automatic payments from your Capital One Bank’s branch checking or savings account.  APR may increase if automatic payments are not maintained.

3The fixed-rate option applies only to Capital One Bank home equity lines of credit. Customers must request the lock. The maximum number of locks on a home equity line of credit at any given time is three. There is a $50 fee to lock a fixed rate. The fixed-rate option is based on The Wall Street Journal's Prime rate plus or minus a margin determined at the time of your fixed-rate option. A fixed-rate option cannot be placed on the home equity line of credit during any promotional rate period. Minimum amount to lock in a fixed rate is $5,000. The maximum term for the fixed-rate option is 10 years, not to exceed the maturity date of the line of credit. Ask us for details.