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Home Equity Lines of Credit

Home Equity Lines of Credit

Do It All — Increase Your Home’s Value, Save Thousands, Improve Your Life

We offer homeowners great lending options with our home equity lines of credit. Perhaps the equity in your home can be used to pay off other debt, make a large purchase or go on vacation. It’s your choice, and we offer a variety of terms and conditions for home equity lines of credit. Just contact us and we can help you get the process started!

Your home’s equity has long been among the smartest, most affordable ways to borrow; with no closing costs and rate lock options, there's no better time to apply!

Using your home's equity wisely could actually help increase your property value, save you thousands in interest payments, even set you on a path toward opportunities for future success. Learn how unlocking your home’s affordable and flexible equity can help with your goals:

  • Consolidate debt
  • Remodel your home
  • Make home repairs
  • Pay for college
  • Buy a car
  • Purchase a recreational vehicle (boat, motorcycle, ATV)
  • Go on vacation

Boost Your Home’s Property Value Through Home Improvements

With a line of credit, you can draw on your home’s existing value at low rates to reinvest directly back into your home and potentially increase your property’s curb appeal and overall home value at the time of sale. Plus, the interest you pay may be tax deductible, too.*
Home improvement projects like these may potentially increase your home’s value:

  • Kitchen improvements
  • Convert an attic into a bedroom
  • Add an additional bathroom
  • Curb appeal projects -- new siding, new garage door, new front door, replacement windows, landscaping
  • Convert basement to family recreational area
  • Increase/add storage space
  • Add square footage
  • Miscellaneous improvements - security system, luxury appliances, home theater or spa features

Please note: Not all home improvement projects increase your home’s value. Some simply add to your enjoyment and comfort but not necessarily property value. You’ll want to research projects that best balance personal satisfaction with potential value.

Improve Your Financial Picture Through College Tuition

Whether you’re planning ahead for your child’s college education or furthering your own education, a home equity line of credit may be the most affordable option to pay tuition expenses. The addition of a bachelor’s or master’s degree could significantly improve your financial outlook through increased opportunities for a promotion, an exciting new career, or a higher salary and better benefits. Plus, the interest you pay may be tax deductible, too.*

Is a HELOC Right For You?

Call 1.800.205.3464 or visit a banking center to speak with a home equity expert and discover if an affordable and flexible HELOC is right for you.

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* Consult your tax adviser regarding the deductibility of interest. By playing videos on this page, you will be shown content embedded from youtube.com, whose privacy and security policies differ from our site. First Merchants is not responsible for and does not endorse, guarantee, or monitor content, availability, viewpoints, products or services that are offered on other websites. First Merchants is not liable for any failure of products or services advertised on the linked web sites; youtube.com may provide less security than firstmerchants.com.


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

What do I need to know about a HELOC?

What's the difference between a Home Equity Loan and a Home Equity Line of Credit (HELOC)?

What are approved uses of a Home Equity Loan or Home Equity Line of Credit (HELOC)?

What does “loan to value” ratio mean, and how does it affect my Home Equity Loan or Home Equity Line of Credit (HELOC) rates?

How can I access my Home Equity Line of Credit funds?

How many times may I access my Home Equity Line of Credit funds?


Have questions or need assistance? Just give us a call at 1.800.205.3464. Our Customer Service team is available weekdays from 7 a.m. until 8 p.m. ET, and from 9 a.m. until 3 p.m. ET on Saturdays.

Looking for a different number or an online form? Find it on our contact page.