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What is a Home Equity Line of Credit (HELOC)?

A HELOC is an open-end line of credit that is secured by a consumer's primary residence. There may be different ways to access the funds from a HELOC, including by writing checks against the line of credit or transferring money from your HELOC to a checking or savings account.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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