Bank of America HELOC
Provider 
Founded 1904
Sells To Enterprises, Individuals
Pricing Model Fees, Transactional Commission
Ownership Public

Bank of America HELOC is a home equity line of credit offered by Bank of America to US homeowners.
Bank of America HELOC lets homeowners borrow against available home equity with the home as collateral, drawing funds as needed during the line's draw period. The product is marketed through Bank of America's consumer lending platform for home improvement, debt consolidation, and major expenses.
Borrowers repay and re-borrow against the available credit line under Bank of America's underwriting, with interest accruing on drawn balances.
| Attribute | Bank of America HELOC | Figure HELOC | |
|---|---|---|---|
| Provider | |||
| Founded | 1904 | 2018 | |
| Sells To | Enterprises, Individuals | — | |
| Pricing Model | Fees, Transactional Commission | — | |
| Ownership | Public | Public |
Provider 
Founded 1904
Sells To Enterprises, Individuals
Pricing Model Fees, Transactional Commission
Ownership Public
Provider 
Founded 2018
Sells To —
Pricing Model —
Ownership Public


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