FirstBank | Loans and Lines of Credit

Loans and Lines of Credit

Borrowing money can make life easier and more enjoyable when you need extra funds to make large purchases, deal with emergencies and meet expenses. At FirstBank, we'll work with you to set up the loan that corresponds with your need for cash. Our consumer loan representatives will work with you one-on-one to suggest a loan or line of credit with repayment options that won't burden your monthly budget ... at an attractive interest rate. For additional convenience, we can deduct your monthly loan payment directly from your FirstBank checking or savings account. Contact any FirstBank office today ... and let us explore a lending option that best suits your unique situation!

A Variety Of Loans For Life's Many Opportunities ... and Obligations Whether you are interested in a loan or line of credit, FirstBank has an assortment of installment loans, home equity loans or home equity lines of credit that makes borrowing the money you need fast, simple and affordable. Ask Us About A Loan If ... you are borrowing a predetermined sum of money for one particular need, and prefer the predictability of fixed monthly payments. Ask About Our Home Equity Loans If ... you own your own home and want to get favorable interest rates and terms. You can get the money you need from either a fixed-rate Home Equity Loan or more flexible Home Equity Line of Credit. Ask Us For A VISA Credit Card Application If ... you need the convenience of easy purchases. Whether you have anticipated expenses, or unexpected emergencies ... whether your expenses are practical or a tad extravagant ... FirstBank has a variety of personal loan options available. See one of our qualified loan representatives to suggest the right option for you. Convenient FirstBank Services Make Borrowing E-A-S-Y! Automatic Payment – We can automatically deduct any FirstBank loan payment from your checking or savings account each month. That means no more writing and mailing checks ... or unnecessary fees from accidental late payments. Overdraft Protection – Overdraft protection guarantees that your checking account will always have ample funds to cover checks or scheduled electronic loan payments. FirstBank will automatically transfer $100 increments into your checking account to ensure a positive balance – sparing you the embarrassment, expense and credit problems resulting from bounced checks and overdraft charges. FirstACCESS Phone Banking – FirstBank's 24-hour telephone banking service lets you monitor your loan activity with ease. Using a touch-tone phone, you can verify loan balances and track other account activity from anywhere, anytime. Call 1-866-DIAL1st (342-5178) FirstACCESS Online Banking – Transfer money, make loan payments, check on the status of your account. Click Here for a test drive of this innovative banking product. FirstBank Has Loans For All Reasons Automobiles, RVs and Boats Debt Consolidation Indoor and Outdoor Home Improvements School Tuition Unexpected Emergencies Trips and Vacations Appliances, Furniture and Electronics Home Offices Handicap Home Alterations Weddings Investments Children's Braces Mortgages Luxury Items Pools and Spas What have you been wishing for that you'd like to have right now? A spacious new addition to your home? Perhaps an RV or boat? The ability to pay off debt? A long overdue vacation of your dreams? College or private school tuition for your children ... or for yourself? If you own your home, you may be sitting on all the cash you need to make those dreams a reality. FirstBank gives you two ways in which you can turn the equity of your home into readily available cash: Home Equity Line of Credit Home Equity Loan - Closed End Tax Deductible Interest Payments* If you itemize your tax deductions, you know how few the IRS actually allows ... *until it comes to the interest paid on your home mortgage.* A Home Equity Line of Credit or Home Equity Loan are among the few personal loans that afford you the opportunity to deduct the interest from your income tax.(Consult your tax adviser on the deductability of interest payments.) Consolidate Your Debts Into One Low Payment* If you have existing credit card balances, installment loans or finance company notes, you can pay off these debts with a Home Equity Line of Credit or Loan. There's also a good chance you can reduce your interest rate and your monthly payment! Home Equity Line of Credit – Write Yourself A Loan If you require *flexible borrowing and spending options,* FirstBank can offer you a Home Equity Line of Credit for up to 90% of the appraised value of your home, less any outstanding liens. Apply just once ... and when you are approved¹, you can simply *write yourself a loan* using a special convenient Equicheck. Use your line of credit *for whatever you want, whenever you want it!* As with a credit card, you'll receive an easy-to-understand monthly statement that itemizes all of your account activity. You can pay the entire balance owed ... or you can make a minimum monthly payment depending on your plan. Other benefits include: ATTRACTIVE INTEREST RATES – Interest rate will vary based on Wall Street Journal prime rate.²APR is subject to a minimum floor rate of 5.00%. Your APR may be higher based on several factors, including your credit history, loan to value (LTV), a FirstBank checking account relationship and election to have monthly payments auto deducted from a FirstBank checking account. APR will never be greater than 18% or the maximum rate allowed by applicable law. NO ANNUAL FEE NO CLOSING COSTS³ – FirstBank will pay up to $500 towards closing costs if a minimum draw of $10,000 is taken at closing, otherwise, borrower pays all closing costs. FirstBank pays closing costs only on a new HELOC transaction, not an increase of an existing FirstBank HELOC. FREE CHECKS Home Equity Loans If you have a single financial need – and you prefer the predictability of a fixed interest rate with fixed monthly payments – you can choose a Home Equity Loan. Once approved¹, you'll get the entire amount of your loan up front – with an attractive interest rate. You will receive a convenient coupon book to help you keep up with your payments and due dates. Two Sensible Choices! Whether you prefer the flexibility of a Home Equity Line of Credit, or the *predictability* of a Home Equity Loan, FirstBank will help you use your hard-earned equity ... to meet your wants and financial obligations of today. Applying For Your Loan ... Applying for your loan is simple. Just follow these steps: You will need to provide the approximate market value of your home and the balance owed on any existing mortgage on your home. Call or visit any FirstBank full-service banking office for assistance in determining the best loan option for you. Click here for the phone number of the FirstBank office nearest you. Submit an application. FirstBank will provide a prompt response to your loan request ... and you can start enjoying the financial benefits of your home's equity! ¹Subject to credit approval. ²Prime rate as of 7/13/09 - 3.25%. ³Purchase transactions may have additional fees not paid by the bank. Property insurance is required.