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  First Bank And Trust Of New Orleans HELOC
First Bank And Trust Of New Orleans HELOC
in Home Equity Lines of Credit from First Bank and Trust of New Orleans · NMLS ID #525613
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First Bank And Trust Of New Orleans HELOC

Unaffiliated
in Home Equity Lines of Credit from First Bank and Trust of New Orleans · NMLS ID #525613
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Highlights
Loan Amount N/A
APR 2.99% - 4.25%
Maximum LTV N/A

First Bank And Trust Of New Orleans HELOC Review

First Bank And Trust Of New Orleans HELOC is offered by First Bank and Trust of New Orleans (NMLS #525613), founded in 1991 and based in New Orleans, LA. First Bank And Trust Of New Orleans HELOC is available in 3 states across the USA.

First Bank And Trust Of New Orleans HELOC FAQ

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What range of rates does First Bank And Trust Of New Orleans HELOC offer?

First Bank And Trust Of New Orleans HELOC offers APRs as low as 2.99% and up to 4.25%.

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

What fees does First Bank And Trust Of New Orleans HELOC charge for a HELOC?

First Bank And Trust Of New Orleans HELOC may charge a loan origination fee .

What types of property can you use as security for a HELOC with First Bank And Trust Of New Orleans HELOC?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. First Bank And Trust Of New Orleans HELOC will consider lines of credit secured by the following property types:

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Message From First Bank and Trust of New Orleans

Use the equity in your home to provide you easy access to cash for a variety of needs – there when you need it through a flexible line of credit access through a checkbook! Home Equity Lines of Credit (HELOCs) can be “carved out” with up to three fixed-interest payments within the total Line of Credit.  So, pay for the swimming pool with set payments and make other purchases utilizing the line paying off as you go. 

Availability

  Available in 3 states
  • Florida
  • Louisiana
  • Mississippi

Feature Breakdown

Credit Score Range 580 - 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
  • Income Statement
Repayment Period 10 years
Loan Term Up to 10 years
APR 2.99% - 4.25%

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