Home Equity Line of Credit

Home Equity Line of Credit

We’ve built a better way to borrow!

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 4.08% APR for the first twelve months.* As low as 5.875% APR after.*

  • 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

Rates are subject to auto debit from a First Bank account. If not auto-debiting, the rate is 0.75% higher.

Get more information and apply by going to 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 introductory rate is a discounted variable APR and is based on Prime minus 1.42%, and will remain in effect for twelve months after loan origination. After this, the variable rate APR will range from Prime + 0.375 to Prime + 1.375%, depending on the applicant’s credit score. As of March 18, 2019 , the APR ranges from 5.875% to 6.875%. The APR may increase but will not exceed 18% in California or 20% in Missouri and Illinois. Offer 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 both the introductory rate and the permanent rate. Expires 3/31/19.