Home Equity Line of Credit

Home equity loans are wonderful credit tools, but you may not want to borrow all your equity at one time.  You can access your equity as you need it, in a convenient and cost-effective way, with our home equity line of credit (HELOC).

First American Bank makes it simple. Complete an application and if you qualify, you’ll receive:

  • Convenient access to your line any time you need it
  • A competitive variable rate of interest
  • Monthly interest only payments on the outstanding balance
  • 10-year term
  • Borrow and repay your balance as often as you need for the term of the loan

Additionally, with a First American Bank home equity line of credit, you may be able to deduct up to 100% of the mortgage interest you pay from your taxes. (Please consult your tax advisor.)