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Home Equity Loan

Home Equity Loans & Lines

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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

Kristi Tripp

NMLS# 672859

Phone: 515-440-7186

No closing costs unless in certain circumstances where an appraisal  may be required by the Bank. The estimated appraisal cost if needed is around $400. This is a limited time offer available through June 30, 2018. The promotion excludes home purchase loans, refinance of home purchase loans, and loans for business purposes. 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.Home Equity Lines of Credit: You will be required to maintain property insurance. Consult a tax advisor regarding potential deductibility of interest. Fixed Rate 4.99% Annual Percentage Rate (APR), and 5.25% APR lines are available with 60 month terms. As of March 26, 2018 the Variable rate (based upon the Prime Rate as the index as published in the Wall Street Journal plus a margin) 180 month term lines ranged from 4.75% APR to 5.50% APR. These rates may increase due to an increase in the Prime Rate, however will never be less than 4.75% APR, or more than 13.50% APR. This promotional offer is available for new applications submitted from April 1, 2018 through June 30, 2018. The APR is accurate as of March 26, 2018 and is subject to change without notice.

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