Home Equity Loans
Use your equity to fuel your big dreams
Refinance. Improve. Consolidate. Vacation.
You have big plans and goals, so make them a reality. Get your home working for you with a loan that lets you bring your plans to life. Tap into your home's equity for refinancing, home upgrades, consolidating debt, college funds, that dream getaway, or more. First Bank’s
Contact UsHome Equity Loans come with these perks:
- No points and no application fee
- Fixed rate for the life of the loan
- With flexible loan terms for up to twenty years.
- Competitive interest rates
- Billing statements each month
- Loans available in a first-lien or second-lien position
- Local decision-making and processing
- Personalized, attentive service throughout the entire process
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OTHER IMPORTANT INFORMATION
1 All Home Equity products require the borrower to pay a mortgage recording fee, any other applicable recording fees or taxes depending on property location, and applicable notary/eNotary/Remote Online Notarization (RON) fees. Home Equity Loans and Home Equity Lines over $350,000 require Title Insurance and an Appraisal paid by the borrower. Other costs may also apply, such as a Tax Monitoring fee paid by the borrower (loans/lines over $250,000; 1st lien position only). The estimated range of fees generally total $100 to $6,416. Minimum credit line of $15,000 to a maximum credit line of $1,000,000. Home Equity Lines have an early termination fee of $300 (due if the line is terminated or pays off for reasons other than casualty loss, death of borrower, or refinance with First Bank within 18 months of account opening). Home Equity Loans are limited to 80% of the combined loan to value and Home Equity Lines are limited to 75% of the combined loan to value based on the estimated or appraised value. Applies to owner occupied (primary residence and secondary residence/vacation home) 1-2 family homes, townhouses, and condominiums in First Bank’s lending area. Homeowners insurance from the insurer of your choice is required. Federal flood insurance is required for any property located in a designated flood zone. Interest may be tax deductible; consult your tax advisor for details.
