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Home Equity Loan

Home Equity Loans & Lines

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The possibilities are endless with a Home Equity Loan or Line of Credit from First National Bank! Plus, until June 30th we will be offering NO CLOSING COSTS!*

Home Equity Loans

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A home equity loan is a loan secured by the equity in a home. Equity is the value left when you subtract the debt on your home from the fair market value of your home. In other words, the price you paid for your home minus the remaining mortgage you have. 

With a First National Bank Home Equity Loan, you can consolidate debt or pay for major expenses. Home equity loans give you the security of a fixed-rate payment on principal or interest for the life of the loan, a steady repayment schedule and potential tax advantages.

Home Equity Line of Credit

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A home equity line of credit from First National Bank is a flexible credit line, with the benefit of anytime-spending possibilities. Whether you want to tackle that home improvement project, take a much-needed vacation, pay for your child's braces, finance a college education or simply consolidate your debt, we can help you find the perfect home equity line to fit your needs. Imagine the possibilities!

  • Variable-rate or fixed-rate financing - you choose the option that's best for you!
  • Funds available when you need it
  • Repayment based on amount of credit line outstanding
  • Up to 90% combined loan-to-value financing available
  • Interest may be tax deductible
  • Easy access - advance funds from your credit line to your checking account through Touch Tone Teller, Online Banking, or a call to your loan officer
  • Also serves as overdraft protection
  • Property insurance is required
Contact one of our Home Equity Specialist today! 


Jacki Foley

NMLS# 609249

Phone: 515-663-3085

Ankeny, Johnston and West Des Moines

Lori Short

NMLS# 900234

Phone: 515-273-8907

*No closing costs except appraisal if required by the Bank. Estimated appraisal cost is $400. This is a limited time offer available through June 30, 2017. Promotion excludes home purchase loans, refinance of home purchase loans, and loans for business purposes.  You will be required to maintain property insurance. Your approval, rate, and credit limit will be based upon your creditworthiness and property value. Your credit limit may not exceed 40% of your property’s value as determined by the Bank. The maximum amount of total loans with us and others, including this request, may not exceed 90% of your property’s value. Consult a tax advisor regarding potential deductibility of interest.

Home Equity Lines of Credit

Fixed rate 4.99% APR and variable rate options are available with 60 month terms.  The annual percentage rates (APR) may vary and will never be less than 4.00% APR or more than 13.00% APR.  The APR is accurate as of 3/20/17 and is subject to change without notice.

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