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  First Bank and Trust of New Orleans Home Equity Line of Credit

First Bank and Trust of New Orleans Home Equity Line of Credit

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

Unaffiliated

First Bank and Trust of New Orleans Home Equity Line of Credit

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  (Fixed APR) 2.99% - 4.25%
Maximum LTV N/A

First Bank and Trust of New Orleans Home Equity Line of Credit Review

First Bank and Trust of New Orleans Home Equity Line of Credit is offered by First Bank and Trust of New Orleans (NMLS #525613), a bank founded in 1991 and based in New Orleans, LA. First Bank and Trust of New Orleans Home Equity Line of Credit is available in 3 states across the USA.

First Bank and Trust of New Orleans Home Equity Line of Credit 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 Home Equity Line of Credit offer?

First Bank and Trust of New Orleans Home Equity Line of Credit offers APRs starting at 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 Home Equity Line of Credit charge for a HELOC?

First Bank and Trust of New Orleans 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 of New Orleans 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 of New Orleans 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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Message From First Bank and Trust of New Orleans Home Equity Line of Credit

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
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
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
  • 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
  • Driver License (or other photo ID)
  • Income Statement
Repayment Period 10 years
Loan Term Up to 10 years
APR (Fixed APR) 2.99% - 4.25%

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