Home Equity Line
1.99 % APR
5.00 % APR
Subsequent Rate
Home Equity Line of Credit^{¹}
Minimum line of $25,000 to a maximum line of $500,000 with an introductory APR fixed rate of 1.99%* for six months and thereafter a variable annual percentage rate of 5.00%
A home equity line of credit is a revolving, variable rate credit product that uses your home as collateral.
There are a number of things to consider when choosing a line of credit over a fixed term loan.
- Variable payment amounts based on amount of your credit line used.
- Variable interest rates (currently Prime rate + 0%, Minimum 3.75% APR) could change the amount of your monthly payments.
- On-going access to your available credit rather than a one time lump sum.
*Rates shown are subject to change at any time and without notice. All applications subject to individual approval. This line of credit will be secured by an interest in your real estate. The maximum loan-to-value ratio is 80%. Property insurance will be required. Title insurance is required on lines over $400,000 up to the maximum loan amount $500,000 and is estimated to range in cost from $2,600 to $3,100. The introductory Annual Percentage Rate (APR) is a fixed rate of 1.99% for the first six months and requires a minimum draw of $25,000 at closing. After expiration of the 6-month introductory rate period, the APR today is 5.00% which is equal to the highest U.S. Prime Rate in the Wall Street Journal + 0%, this is a variable rate which may increase. Maximum APR is 25% and the minimum APR after the introductory period is 3.75%. A $30 annual fee is waived the first year. A $250 fee applies for lines closed within twelve months of opening.
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Home Equity Loan
3.74 % APR
Minimum
$50,000
Home Equity 5 Year Loan
Minimum amount of $50,000 to a maximum amount of $500,000 with a fixed annual percentage rate of 3.740%
A home equity loan is a fixed term, fixed payment loan.
There are a number of things to consider when choosing a fixed term loan over a line of credit.
- Predictable payments: fixed payment terms for the life of the loan.
- Fixed interest rate: currently 3.740% APR.
- A lump sum payment: you'll receive your loan total in a single, lump sum at loan closing.
The Annual Percentage Rates (APR) shown are subject to change at any time and without notice. APR for entire amount borrowed. All loan applications are subject to individual approval. Other terms and conditions apply. If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums and the actual payments will be greater. For loans secured by real estate, property insurance will be required. Title insurance is required on lines over $400,000 up to the maximum loan amount $500,000 and is estimated to range in cost from $2,600 to $3,100. Payment example: The monthly payment per $10,000 loan amount for a 5 year (60 month) loan with a 3.740% APR would be $183.00.
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Home Equity Line
5.49 % APR
Minimum
$10,000
Home Equity 10 Year Loan
Minimum amount of $10,000 to a maximum amount of $49,999 with a fixed annual percentage rate of 5.49%
A home equity loan is a fixed term, fixed payment loan.
There are a number of things to consider when choosing a fixed term loan over a line of credit.
- Predictable payments: fixed payment terms for the life of the loan.
- Fixed interest rate: currently 5.49% APR.
- A lump sum payment: you'll receive your loan total in a single, lump sum at loan closing.
The Annual Percentage Rates (APR) shown are subject to change at any time and without notice. APR for entire amount borrowed. All loan applications are subject to individual approval. Other terms and conditions apply. If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums and the actual payments will be greater. For loans secured by real estate, property insurance will be required. Title insurance is required on lines over $400,000 up to the maximum loan amount $500,000 and is estimated to range in cost from $2,600 to $3,100. Payment example: The monthly payment per $10,000 loan amount for a 10 year (120 month) loan with a 5.49% APR would be $108.48.
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Home Equity Loan
5.24 % APR
Minimum
$50,000
Home Equity 15 Year Loan
Minimum amount of $50,000 to a maximum amount of $500,000 with a fixed annual percentage rate of 5.24%
A home equity loan is a fixed term, fixed payment loan.
There are a number of things to consider when choosing a fixed term loan over a line of credit.
- Predictable payments: fixed payment terms for the life of the loan.
- Fixed interest rate: currently 5.24% APR.
- A lump sum payment: you'll receive your loan total in a single, lump sum at loan closing.
The Annual Percentage Rates (APR) shown are subject to change at any time and without notice. APR for entire amount borrowed. All loan applications are subject to individual approval. Other terms and conditions apply. If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums and the actual payments will be greater. For loans secured by real estate, property insurance will be required. Title insurance is required on lines over $400,000 up to the maximum loan amount $500,000 and is estimated to range in cost from $2,600 to $3,100. Payment example: The monthly payment per $10,000 loan amount for a 15 year (180 month) loan with a 5.24% APR would be $80.34.
Call 800-220-BANK
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Overview
Loan options for a variety of uses. Borrow with Firstrust
and lay the foundation for a strong financial future.
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Lines of Credit
A line of credit is a revolving, variable rate loan with:
- Variable payment amount
- Variable interest rate
- On-going access to your credit line
Learn More
Home Equity Loans
A home equity loan is a fixed term loan with a:
- Lump sum payment of your loan total at closing
- Fixed Interest Rate
- Predictable Payments
Learn More