Open the door to bigger opportunities.

Build your credit. Improve your home. Start with a $500 HELOC today.

At BankPlus, we believe everyone deserves the chance to invest in their home and build financial confidence. That’s why we created OpenDoor – a home equity line of credit designed to give you a manageable first step toward improving your home and strengthening your financial future.

Small loan, big impact.

  • Borrow as little as $500
  • Fixed 5% APR on base tier
  • No minimum credit score required for base tier
  • Qualify for larger loan amounts depending on underwriting criteria
  • 12-month term
  • No application, origination, transaction, or maintenance fee

Eligibility for the OpenDoor HELOC is based on the following property and residency guidelines:

  • The property must be located in a Low-to-Moderate Income Census Tract (LMICT).
  • Applicants must own their property.
  • The property must be your principal residence.
  • Title verification required.

Compare Open Door HELOC Options

 

Show Product Comparisons

Why it matters?

Because small steps today create bigger opportunities tomorrow.

This offer is perfect for:
  • Small home projects like painting, repairs, appliance upgrades.
  • Building or rebuilding your credit history.
  • Gaining access to larger borrowing options in the future.

Exploring your home financing options?

Our Welcome Home Mortgage designed to help residents in low- to moderate-income areas and income-eligible borrowers purchase or refinance a home with competitive fixed rates, no PMI, and flexible qualification options. You may also qualify for a 1% rate discount and assistance programs to help reduce upfront costs.

Learn More

Ready to Apply!

Take the first step toward building credit and improving your home. Visit or call your nearest BankPlus branch to apply today.

OR
Find Nearest Branch to Apply
x
To qualify, the property must be owner-occupied and your primary residence, located in a Low-to-Moderate Income Census Tract within the BankPlus assessment areas. Title verification is required. Built with protection in mind, OpenDoor HELOC is secured by your home with no maximum loan-to-value requirement for the base tier and is designed to help establish positive payment history. Maximum loan-to-value (LTV) limits apply to Middle and Upper Tiers. For the Base tier, the APR is fixed at 5.00% and will remain unchanged during the term of the plan. For Middle and Upper tiers, the Annual Percentage Rate (APR) is fixed at the Prime Rate as of the date of the application and will remain unchanged during the term of the plan. As of June 15, 2026, the Prime Rate is 6.75%, which is the APR currently offered for both tiers. The maximum APR that may apply to any tier is capped at 21.00%. No fees are charged to open or maintain the OpenDoor HELOC, and there are no application, origination, transaction, or participation fees. The estimated total cost to open the line is $0.