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Home Equity Lines of Credit
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Last Updated: 04/18/2025

First Bank and Trust Home Equity Line of Credit

in Home Equity Lines of Credit from First Bank and Trust

Last Updated: 04/18/2025

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Highlights

Credit Score Range

650 - 840

Amount Range

$10,000 - $500,000

Maximum LTV

N/A

Minimum Draw

N/A

Loan Term (Years)

N/A

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First Bank and Trust Home Equity Line of Credit Review

First Bank and Trust Home Equity Line of Credit is offered by First Bank and Trust (NMLS #409296), a bank founded in 1925 and based in Brookings, SD. First Bank and Trust Home Equity Line of Credit are available in 2 states.

Key Takeaways

  • Fair credit accepted. Borrowers with a credit score as low as 650 may qualify for First Bank and Trust Home Equity Line of Credit.
  • Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

First Bank and Trust Home Equity Line of Credit Pros & Cons

First Bank and Trust Home Equity Line of Credit FAQ

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does First Bank and Trust Home Equity Line of Credit charge for a HELOC?

First Bank and Trust Home Equity Line of Credit may charge an origination fee.

What types of property can you use as security for a HELOC with First Bank and Trust Home Equity Line of Credit?

First Bank and Trust may consider HELOCs secured by the following property types:
  • Primary residences
  • Secondary or vacation homes

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First Bank and Trust Home Equity Line of Credit logo

Message from First Bank and Trust Home Equity Line of Credit

A home equity loan or line of credit allows you to use the equity you’ve built up in your home as collateral. The equity is the difference between the current value of the home and your current mortgage balance. 

Home Equity Line of Credit Features: Advance what you need, when you need it. Low variable rate. Interest-only monthly payments based on approval. Easy access via check, Digital Banking, or by contacting the bank.

Contact

Headquarters

520 6th Street
Brookings, SD 57006
Visit Site

Hours of Operation

Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
9:00AM - 12:00PM

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