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Last Updated: 04/18/2025

First Bank and Trust Home Equity Line 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

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

Pros

Cons

Considers applicants with fair credit.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.
Only available in 2 states.

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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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

Email Support

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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SuperMoney Net Recommendation Score

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-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.