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  First Bank and Trust Home Equity Line of Credit
First Bank and Trust Home Equity Line of Credit
in Home Equity Lines of Credit from First Bank and Trust · NMLS ID #409296
Unaffiliated

First Bank and Trust Home Equity Line of Credit

Unaffiliated
in Home Equity Lines of Credit from First Bank and Trust · NMLS ID #409296
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APR  (Variable APR) N/A
Maximum LTV 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 across the USA.

First Bank and Trust Home Equity Line of Credit FAQ

Is there a minimum draw requirement?

No, there isn't a 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 a loan origination fee .

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

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. First Bank and Trust Home Equity Line of Credit will consider lines of credit secured by the following property types:

  • Primary homes.
  • Secondary homes and vacation properties

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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

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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Checking Accounts

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Savings Accounts

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Mortgage Refinance

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Availability

  Available in 2 states
  • Minnesota
  • South Dakota

Feature Breakdown

Credit Score Range 650 - 840
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Loan Payoff Statements
  • Proof of Identity
  • Proof of Residence
  • Proof of Insurance
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
APR Type Variable APR
Interest Rate Types Offered Adjustable-Rate Mortgage (ARM)

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