Home Equity Loans

  • Overview

    Everyone needs extra cash.

    Loan options for a variety of uses. Borrow with Firstrust
    and lay the foundation for a strong financial future.
    Apply Now
    6
    mth
    Intro*
    Home Equity Line
    1.99 % APR
    4.75 % APR
    Subsequent Rate

    Home Equity Line of Credit¹


    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 4.75%

    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 4.75% 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.

    Apply Now

    5
    yr
    Fixed*
    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.

    Call 800-220-BANK

    Apply Now

    10
    yr
    Fixed*
    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.

    Call 800-220-BANK

    Apply Now

    15
    yr
    Fixed*
    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

    Apply Now

    Overview

    Loan options for a variety of uses. Borrow with Firstrust
    and lay the foundation for a strong financial future.
    Learn More

    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

    We also offer...

    Home Swing Loans


    A home equity swing loan is a short term, temporary loan that allows you to use the equity in your existing, not-yet-sold home to finance the purchase of a new home.

    We offer minimum loan amounts of $25,000 to a maximum amount of$150,000 for a variety of terms with a fixed percentage rate.

    Call 800-220-BANK

    Personal Loans


    A Personal loan can help you get those larger purchases you need with no collateral. You don't even require home ownership to qualify.

    You get the benefits of:

    • Predictable monthly payments
    • No collateral required
    • One lump sum of money
    • A reduced APR when using automatic payments from a Firstrust Account.

    We offer minimum loan amounts of $3,000 to a maximum amount of $15,000 for a variety of terms with a fixed annual percentage rate.

    Call 800-220-BANK

    Auto Loans


    You can receive up to 90% financing on a new car and 80% financing on a used car for a variety of terms with a fixed annual percentage rate.

    Select the car you want to buy, new or used, and we'll help you determine the financing program that best meets your needs.

    With our auto loans you get the benefit of:

    • Predictable monthly payments
    • Choosing your payment date
    • A reduced APR when using automatic payments from a Firstrust Account.

    Sure Loans from CDs


    A sure way to get the loan you need within 24 hours of applying is to borrow against your Firstrust Certificate of Deposit (CD). You'll save money with a lower loan interest rate while you continue to earn interest on your CD. Borrow from a minimum of $2,000 up to a maximum of 100% of the available balance in your account and pay it back monthly.

    You can also save time by having your payment automatically deducted from the non- collateralized funds in your Firstrust checking or savings account.

    Call 800-220-BANK


    Disclosures

    Information above is current as of 03/19/2019.

    Home Equity lines of credit are offered by Firstrust Bank NMLS # 424205.

    Firstrust National Mortgage Licensing Service (NMLS) Representatives

     

  • x I need on-going access to cash

    Why consider a
    Line of Credit?

    Apply Now
    A line of credit is a revolving, variable rate credit product. You can draw on the line of credit at any time, as long as you do not exceed your credit limit.

    Home Equity Line of Credit¹

    Apply Now
    1.99 % APR
    6 Month Intro Rate
    4.75 % APR
    Subsequent Rate
    $25,000Minimum
    $500,000Maximum
    Ongoing access to money
    Use your home as collateral
    Variable monthly payments

    Personal Line of Credit

    Call 800-220-BANK
    Variable
    11.25 % APR
    (Prime Rate +6.50%)
    $5,000Minimum
    $15,000Maximum
    Can protect you from overdrawing
    No collateral required
    Ongoing access to money
    Variable monthly payments


    Disclosures

    1Rates 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 4.75%, 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.

    Information above is current as of 10/31/2019.

    Home Equity lines of credit are offered by Firstrust Bank NMLS # 424205.

    Firstrust National Mortgage Licensing Service (NMLS) Representatives

     

  • x I need a lump sum of money

    Why consider a Home Equity Loan?

    Apply Now

    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

    Home Equity 5 Year Loan

    Apply Now
    Fixed
    5.24 % APR
    $10,000Minimum
    $49,999Maximum

    Home Equity 5 Year Loan


    Minimum amount of $10,000 to a maximum amount of $49,999 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 5 year (60 month) loan with a 5.24% APR would be $189.82.

    Call 800-220-BANK

    Apply Now

    Fixed
    3.74 % APR
    $50,000Minimum
    $500,000Maximum

    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.

    Call 800-220-BANK

    Apply Now

    Home Equity 7 Year Loan

    Apply Now
    Fixed
    5.49 % APR
    $10,000Minimum
    $49,999Maximum

    Home Equity 7 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 7 year (84 month) loan with a 5.49% APR would be $143.66.

    Call 800-220-BANK
    Fixed
    5.24 % APR
    $50,000Minimum
    $500,000Maximum

    Home Equity 7 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 7 year (84 month) loan with a 5.24% APR would be $142.47.

    Call 800-220-BANK

    Home Equity 10 Year Loan

    Apply Now
    Fixed
    5.49 % APR
    $10,000Minimum
    $49,999Maximum

    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.

    Call 800-220-BANK

    Apply Now

    Fixed
    4.99 % APR
    $50,000Minimum
    $500,000Maximum

    Home Equity 10 Year Loan


    Minimum amount of $50,000 to a maximum amount of $500,000 with a fixed annual percentage rate of 4.99%

    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 4.99% 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 4.99% APR would be $106.02.

    Call 800-220-BANK

    Home Equity 15 Year Loan

    Apply Now
    Fixed
    5.49 % APR
    $10,000Minimum
    $49,999Maximum

    Home Equity 15 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 15 year (180 month) loan with a 5.49% APR would be $81.66.

    Call 800-220-BANK
    Fixed
    5.24 % APR
    $50,000Minimum
    $500,000Maximum

    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

    Apply Now



     

    Disclosures

    *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.

    Information above is current as of 12/03/2018.

    Home Equity lines of credit are offered by Firstrust Bank NMLS # 424205.

    Firstrust National Mortgage Licensing Service (NMLS) Representatives