IMPORTANT: Our Airline Branch in the MA Green Shopping Center (7807 Airline Drive) is now PERMANENTLY closed. Please visit the nearest branch at 7124 Veterans Memorial Blvd. 

IMPORTANT: Our Airline Branch in the MA Green Shopping Center (7807 Airline Drive) is now PERMANENTLY closed. Please visit the nearest branch at 7124 Veterans Memorial Blvd. 

Home Equity Line of Credit

For a limited time, take advantage of our 4.99% introductory annual percentage rate (APR) for the first six billing cycles from account opening. After that, a variable rate applies. View all disclaimers

 

Take advantage of Metairie Bank’s Home Equity Lines of Credit.

Use the equity in your home to make home improvements, consolidate debt, cover tuition loan costs, manage unexpected expenses, and more.

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What is a HELOC?

A Home Equity Line of Credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses. A HELOC often has a lower interest rate than some other common types of loans, so it can be used to consolidate debt.

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How does a HELOC work?

With a HELOC, you’re borrowing against the available equity in your home and the house is used as collateral for the line of credit. As you repay your outstanding balance, the amount of available credit is replenished – much like a credit card. This means you can borrow against it again if you need to, and you can borrow as little or as much as you need throughout your draw period (typically10 years) up to the credit limit you establish at closing. At the end of the draw period, the repayment period (typically 20 years) begins.

How do I qualify for a HELOC?

To qualify for a HELOC, you need to have available equity in your home, meaning that the amount you owe on your home must be less than the value of your home. You can typically borrow up to 85% of the value of your home minus the amount you owe. Also, a lender generally looks at your credit score and history, employment history, monthly income and monthly debts, just as when you first got your mortgage.

Disclaimers

Offer limited to new Home Equity Lines, not available on refinancing of an existing Metairie Bank home equity line of credit or home equity loan and requires a mortgage on an owner-occupied 1-4 family dwelling with minimum loan amount of $25,000 and a maximum loan-to-value of 90% in Louisiana. Property insurance required. 

The introductory annual percentage rate (APR) is effective with HELOC applications taken on or after 05/01/2026 and applies to new transactions for your first six (6) billing cycles. No other discounts apply to the intro rate. The intro rate promotion may end at any time without notice.

Home Equity Line annual percentage rate (APR) IS based on The Wall Street Journal Prime Rate (the “Index”) plus a margin ranging between 0.0% and 3.50%. The APR will vary but not exceed 18%. Based on the 04/29/2026 Index value of 6.75% and a margin of 0.0%, the formula for subsequent monthly rate adjustments results in a current APR of 6.75%. Please note that due to the floor rate, following the introductory promotional period, the APR will never be less than 4.25%. Your APR may be higher. As of 04/29/2026, APRs range from 6.75% to 10.25%. Repayment options and margins vary based on creditworthiness and loan-to-value.  

The Bank pays closing costs on home equity lines of credit less than or equal to $250,000 in a first lien position. The Bank pays closing costs on home equity lines of less than or equal $250,000 in a second lien position, except for the appraisal which is paid by the borrower.  The Bank will not pay the Orleans Parish Documentary Tax, nor any fees associated with surveys or any curative title work that may be required in order to perfect a lien, nor will the Bank pay any initial or ongoing homeowner’s or condominium association fees or costs. All such fees and costs are the borrower’s responsibility. On lines of credit over $250,000, the borrower is responsible for all closing costs.  Fees associated with opening a Home Equity Line of Credit generally range from $0-$7,215.10.

Offer subject to change without notice.

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South Shore  504.834.6330  |  Northshore  985.674.2255