Closed End Fixed Rate Loans
First American Bank has a number of closed end home equity loan options for all of your personal needs. A closed end loan provides you the funds you need and offers a fixed monthly payment of principal and interest so you rebuild your equity with each monthly payment.
Closed End Home Equity Loan
This loan option offers you the flexibility to use your loan proceeds for any purpose you have in mind. This may include financing a dream vacation, your child’s college education, or consolidating higher interest debts.
Home Equity Construction Loan
A short-term loan may be the right solution for large construction projects such as an addition or major renovation to your home. You may be able to borrower more money based on the increased value of your property subject to the planned improvements. Our construction loan team will assist you in managing the construction process and making payments to contractors for work completed.