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 $500 at a fixed 5% interest rate — predictable payments you can plan for.
- No credit score required — you don’t need a history of borrowing to qualify.
- 12-month term — short and simple, designed to help you build credit quickly.
- Secured by your home — but with no maximum loan-to-value requirement.
- Pathway to larger loans — after 12 months of on-time payments, you may qualify for higher loan amounts.
- No loan fees – Apply and borrow with no application or maintenance fees.
Eligibility for the OpenDoor HELOC is based on the following property and residency guidelines:
- The property must be located in a Majority-Minority Census Tract (MMCT) or Low-to-Moderate Income Census Tract (LMICT).
- Only available for properties located in the Jackson, MS and New Orleans, LA markets.
- Applicants must own their property.
- The property must be your principal residence.
- Title verification required.
Compare Open Door HELOC Options
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.
Ready to Apply!
Take the first step toward building credit and improving your home. Visit or call your nearest BankPlus branch to apply today.
The OpenDoor HELOC is available exclusively for properties located in Jackson, Mississippi, and New Orleans, Louisiana markets. 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 not change over the life of the plan. As of December 30, 2025, the Prime Rate is 6.75%, which is the APR currently offered for both tiers. For the Base tier, the APR is fixed at 5.00% and will remain unchanged during the term of the plan. 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. The maximum APR that may apply to any tier is capped at 21.00%.