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Home Equity Loans
Index of Home Equity Loans
Home Equity Loans
The First National Bank of Elmer offers a complete line of loan products, at the lowest rates available. We take pride in providing fast and friendly service. The Bank’s Loan Department is fully staffed with experienced professionals ready to understand your borrowing needs and to provide flexible terms to meet those needs.
Your home’s equity could be working harder for you.
Leveraging the equity in your home is a great way to borrow money at a secure, low rate. A Home Equity Loan or Home Equity Line of Credit (HELOC) can help you pay for any number of large purchases or projects. From higher education tuition costs to home improvement or unexpected medical expenses, our home equity lending products provide you the financial freedom and flexibility you need.
Fixed Rate Home Equity
Lock in a fixed rate Home Equity Loan to finance whatever life may bring. With a Home Equity Loan from The First National Bank of Elmer, you can borrow against your home equity, receive the full amount upfront, and pay it back over time. (1)
- Payments never increase with a fixed interest rate for the full loan term
- No or low closing costs, no application fee
- First and second-lien interest rate options available
- Might be a good fit for you if you’re looking to borrow a large sum and pay it off over a period of time.
Home Equity Line of Credit (HELOC)
Get the funds you need without the burden of a high interest rate. With a HELOC, you can borrow from your home equity as needed. Borrow up to a pre-set limit and with a competitive variable interest rate. (2)
- No annual fees
- No or low closing costs and no application fee
- Finance up to 80% loan-to-value with a 15-year draw period
- Might be a good fit for you if you’re looking to borrow money at a low rate and repay the amount quickly
(1) The First National Bank of Elmer offers first-lien and second-lien amortizing fixed-rate Home Equity Loan products. The first-lien Home Equity Loan is available in amounts ranging from $10,000 to $1.0 million. The second-lien Home Equity Loan is available in amounts ranging from $10,000 to $1.0 million. Home Equity Loan products are available for consumer owner-occupied, single-family residences and are not available on manufactured homes. Closing costs vary by loan amount. Bank may choose to waive all or a portion of the closing costs. Bank must be in a valid first or second lien position. Property insurance and flood insurance, if applicable, are required on all collateral.
(2) The Annual Percentage Rate, referred to as APR, is based on an index (WSJ Prime Rate). The APR is variable and may change daily but will never exceed 16% or be less than 4.00% per annum. The margin for each loan is determined by credit qualifications, lien position, owner occupancy, loan-to-value (LTV) ratio and other loan features. HELOC product is available only for consumer owner-occupied, single-family residences and is not available on manufactured homes or leasehold properties. Bank must be in a valid first- or second-lien position. Property insurance and flood insurance, if applicable, are required on all collateral. Exclusions and limitations apply. Offer subject to bank’s standard credit approval criteria and is subject to change without notice.
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SAFE Act-NMLS Numbers
Safe Act Registration Disclosure: Secure and Fair Enforcement for Mortgage Licensing Act
The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), requires banks mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMLS). A listing of the mortgage loan originators of The First National Bank of Elmer along with their respective unique identifier number can be found below:
- The First National Bank of Elmer - 410762
- Julie Allen – 1376494
- Timothy K. Anderson - 613859
- Robert R. Bender - 1041930
- Elizabeth A. Connor - 2679867
- Kevin C. Cunningham - 710035
- Ray C. Garcia - 1376879
- Deanna Guerrero-Hernandez - 2654368
- Michael P. Madison – 466889
- Anthony Marino - 1486927
- Michael A. Penk - 662862
- Charlene Rutherford – 718614
- Jodie Willis - 1234345
- Ruth C. Thibault - 1524294
- Lisa Vargas - 1593707
- Trevor A. Watson – 748446