Access the funds tied up in your home’s equity and...
- Consolidate your debt!
- Add on a sunroom!
- Pay for a wedding!
- Replace your roof!
- Take a dream vacation!
- Much, much more!
Homeowners, the equity in your house can help pay for just about any major purchase you can dream of—like a home remodel, new landscaping, or even a pool. Or perhaps, at this time of the year, you are looking to consolidate your debt and save money.
Your line of credit is reusable, meaning you can access it again and again as you make payments during the draw period. With a line of credit, you’ll have funds available to you whenever you need them – and for whatever you choose.
*The Annual Percentage Rate (APR) is a variable rate based upon an index and a margin. The APR will vary with the Prime Rate (the index) as published in the Wall Street Journal. The variable rate APR will range from Prime + 0% to Prime + .425%, depending on the applicant’s credit score. This variable rate is based on auto-debit of payments from a First Bank checking account. If not auto-debiting payments from a First Bank checking account, add .75% to the rate. The APR may increase or decrease but will not exceed 18% nor will fall below 4.25% except during the 12 month promotional period. During the promotional period the rate will be based on applicant’s credit score with either Prime - 0.61% or Prime - 0.11% and both promotional rates requires auto-debit of payments from a First Bank checking account. As of 5/5/2022, the APR ranges from 4.25% to 5.185% and the promotional rate is 3.39% or 3.89%. Rates are subject to change. This promotional rate is available only for consumer checking account clients of First Bank who do not have a HELOC with First Bank as of April 30, 2022. Offer available for applications accepted May 5th, 2022 – June 15, 2022. Maximum credit line is $500,000 and there are no closing costs for standard documentation. Member FDIC.
**Available on Home Equity Lines of Credit (HELOC) originated April 1, 2019 or later. Minimum lock amount is $5000 Each advance is subject to a onetime $50 fee. Each HELOC is limited to three (3) Fixed Rate Advances at any one time.