Home Equity Lines of Credit

Your home’s equity gives you the flexibility to handle expenses or opportunities along the way.

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Features

Certain closing costs waived[[#2]]
No appraisal required for most lines up to $400,000[[#3]]
Up to $500 termination credit when switching banks[[#4]]

Key benefits

Ease and convenience

Draw your line of credit by requesting a withdrawal in person, writing a check, or using FHB Online.

Your choice

Fixed rate lock options for added flexibility.

Peace of mind

Access to funds for emergencies and unplanned expenses.

Ideal for

Flexibility to convert line of credit advances to fixed rate locks
Homeowners who may need access to cash in the future

What is the impact of making extra payments on my HELOC?

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FAQs

What is the difference between a loan and a line of credit?

A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan simply by writing a check, request a withdrawal in person, or use FHB online for payments or transfers to existing FHB accounts. You are also able to borrow any part of your credit line again once you have repaid it. Except for the annual fee, no payments are due until you advance your line of credit. For more information, browse our options on loans and lines of credit.

With a personal loan, you receive the whole loan when you're approved and you start paying interest immediately on the full amount. You have a fixed schedule of payments that you make until the loan is paid off. For more information, browse our options on loans and lines of credit.

How is a Consumer Home Equity Loan different from a Home Equity Line of Credit?

While the Consumer Home Equity Loan and Home Equity Line of Credit are both secured on your property, they have some differences. The Consumer Home Equity Loan is a loan with a fixed amount, rate, term, and payments. A Home Equity Line of Credit is a line of credit that can be drawn on at any time during the Draw Period, up to your credit limit. In contrast to the Consumer Home Equity Loan, a Home Equity Line of Credit has a variable rate, meaning that your monthly payments may vary. Under a HELOC you have the option to convert variable-rate balances to fixed-rate balances.

How can I manage and make payments to my HELOC?

You can easily view your loan balance, transfer funds, and make payments using internal or external transfers through FHB Online & Mobile Banking. If you have not yet enrolled in Online & Mobile Banking, you can enroll here.

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Disclosures

Subject to credit approval. Certain other restrictions may apply.
For Hawaii, certain closing costs will be waived for owner-occupants, investors, and lines secured by a second home. Fees for the following third-party services, if assessed, will not be waived: ALTA policies, appraisal services, trust reviews, or preparation of other legal documents. These closing costs are estimated at $750 – $3,557 (ALTA policy), $275 – $2,285 (appraisal services fee), $150 - $375 (trust review fee), and $225 – $475 (legal documentation). For Guam, Receive $100 off closing costs, which are estimated at $665 - $2,871 (appraisal services fee), $12 (flood determination fee), $840 - $2,212 (title report), $150 - $1,145 (recording fee), $416 (trust review fee), and $400 - $725 (legal documentation). Depending on your specific Credit Line, the closing costs could be higher than estimated and other closing costs may apply.
An appraisal may be required for properties whose tax-assessed values cannot be verified, leasehold properties, or properties in poor condition. An appraisal is required for home equity lines that are simultaneously opened with a mortgage, and secured on the same property, if the aggregate value of both loans is $400,000 or more.
Up to $500 Credit: If refinancing a non-First Hawaiian Bank loan or credit line, you may receive a credit at account opening of up to $500 to reimburse you for any early closing or termination fees assessed by your current lender and paid at closing