Questions? Want to apply for a HELOC? Contact a FNB Loan Specialist (800) 246-0989

Disclaimer: Home Equity Line of Credit rate is based on credit score, LTV (loan to value) and an automatic payment. An Appraisal may be needed for a Home Equity Line of Credit (HELOC). APR – Annual Percentage Rate. *There is no closing cost if there is a draw of $5,000 or more at the time of funding. There is an annual fee of $50 that will be charged to the credit line annually. Your credit line will be charged $31 in the event of a stop payment. Your credit line will be charged $25 in the event of a late payment. The loan must remain open for a minimum of 3 years, if closed within 3 years of origination a penalty of $500 may be assessed at the time of account closure. A $50 fee will be charged to the credit line at the time of account closure, after the 3-year period. In addition to those charges, there is a $50 lien release fee in the event the
account is closed and released. Insurance must be obtained on the property securing the plan that is satisfactory to First National Bank of Germantown. The APR is variable and based on LTV. The Annual Percentage Rate is based on Prime Rates and can change monthly on the first day of the month. There is no limit on the amount by which the annual percentage rate can change during any one-year period. However, under no circumstances will your Annual Percentage Rate exceed 18% per annum or go below 4% per annum at any time during the term of the plan. You should consult your tax advisor regarding the deductibility of interest and charges for the plan.

For a $50,000 home equity line of credit, drawing the full $50,000, for a term of 240 months with a 7.75% APR, the monthly payment will be $322.92 during the 120-month draw period with no closing cost or fees. The payment for the repayment period would be amortized based on the balance of the HELOC at the end of the 120-month draw period for the remaining 120-month repayment period.

FNB Germantown NMLS #806474