Plan big with a Home Equity Line of Credit


Your home does so much for you: it’s where you work, eat, sleep and relax. A low introductory rate on a home equity line of credit can help you renew the space where you spend the most time. 


Cash available when you need it


Rates are typically lower than other sources of credit


Interest may be tax deductible (check with your tax advisor for complete details)


And with Valley’s My Mortgage App, paperwork is no longer an obstacle. Save time with a quick and efficient application process—easily upload documents, communicate with your Valley Home Loan Consultant, and check the status of your application. Learn more about the My Mortgage App



Valley's HELOC rates today:


For the first 12 months


6.99% APR


Then a variable rate as low as


8.00% APR


See our rates, term and conditions


Ready to begin?


Get started with your application using the My Mortgage App and someone will reach out to you. 




Prefer to speak with us first? Give us call at 1-888-235-4980 

We can help you decide between a HELOC or Home Equity Loan
HELOC vs Home Equity Loan

We can help you decide between a HELOC or Home Equity Loan

A Home Equity Line and a Home Equity Loan put buying in the palm of your hands, for whatever it is you want or need to do. Let us help you decide.

Find out which is right for you
Learn more about the My Mortgage App
Get in your dream home faster

Learn more about the My Mortgage App

Apply faster than ever before with the Valley My Mortgage App.

  • Upload documents faster and easier
  • Sign forms right from your phone
  • Access easy-to-use calculators in the app
  • Receive status updates on your application

Learn more about the My Mortgage App


The Home Equity Line of Credit introductory Annual Percentage Rate (APR) of 6.99% is fixed for the first 12 months from account opening. After that, the variable APR applicable to your account will be indexed to the highest Prime Rate published in The New York Times for the last banking day preceding the first day of each billing cycle. As of 1/29/2024
, the Prime Rate is 8.50%. This offer assumes applicants with excellent credit and includes a discount of 0.25% when Valley holds a first lien on the mortgaged property and 0.25% when the combined loan to value of all liens less than 70%. The maximum APR is 15.9% and, after the expiration of the introductory rate, the minimum APR is 3.5%. The maximum line amount for this offer is $350,000. A $75 annual fee applies. The term of the line includes a 10-year draw period with a 20-year repayment period. This offer is limited to new lines only for owner-occupied primary residences. Homeowners insurance is required; flood insurance is required where necessary. Minimum draw is $500. An early termination fee of $490 applies to NJ,PA & AL properties if your account is terminated during the first 15 months; for NY & FL properties, you must reimburse Valley for out-of-pocket origination expenses if your account is terminated during the first 36 months. For line amounts above $350,000 and up to $1,000,000, please contact your Valley Loan Officer for pricing and terms. Subject to credit approval. Additional terms and conditions apply. Offer may be withdrawn without notice.