Home Equity Line of Credit

Home Equity Line of Credit

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Take advantage of low rates!

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.

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.

Home Equity Line of Credit
As low as 4.25% APR.*


  • No closing costs on lines up to $1,000,000
  • 80% Loan to Value – combined mortgages plus Home Equity Line of Credit not to exceed 80% of home value
  • 10 year draw period with monthly interest-only payments
  • After the draw period, the outstanding balance will be paid off in monthly principal and interest payments, over a 15 year period

Get more information by contacting a First Bank branch.

*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%. As of April 1st, 2020, the APR ranges from 4.25% to 4.425%. Rates are subject to change.