Home Equity Line of Credit
A home equity line of credit is perfect for expenses with multiple payouts from remodels to college tuition. Borrow as you need, pay back as you go and you’ll avoid paying interest on the money you need until you actually use it. First National Bank of Hutchinson is currently offering a home equity line of credit starting at 3.75% APR1.
Home Equity Loans
When it’s time to reinvest in your greatest investment, turn to First National Bank of Hutchinson. We’re now offering home equity loans at 4.302% APR2 with approved credit. Whether you want to tackle a home improvement project, finance a car or pay off a credit card, First National Bank of Hutchinson home equity loans are an efficient way to get things done.
Applications for a Home Equity Line of Credit or Home Equity Loan can be made at any of our locations (except Avenue A). To expedite the process, link here, to complete the application before visiting. At this time, we do not have a fully automated, online application process for our Home Equity Loans.
1 Subject to credit approval and mortgage position, up to 80% Loan to Value (LTV). Rates are subject to change. The Prime Rate is quoted in The Wall Street Journal as of the 15th day of each month. The APR may change monthly ranging from Prime to Prime plus 0.50%, depending on credit, but will not be lower than 3.75% APR or exceed 18% APR. There is a $100 documentation fee and appraisal fee due at origination. All other closing costs are waived. The annual maintenance fee is $50. Insurance must be carried on property securing the loan. Consult your tax advisor regarding tax deductibility.
2 Subject to credit approval and mortgage position, up to 80% LTV. The Annual Percentage Rate is subject to change and will vary depending on loan term and fees. Disclosed APR assumes a $20,000 loan with a $100 documentation fee. For example, a $20,000 loan with a contract interest rate of 4.30% would require 60 monthly payments of $371.06, resulting in an APR of 4.302%. Insurance must be carried on property securing the loan. Consult your tax advisor regarding tax deductibility.