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Last Updated: 04/18/2025

First Bank And Trust Of New Orleans HELOC

from First Bank and Trust of New Orleans

Last Updated: 04/18/2025

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Highlights

Credit Score Range

580 - 840

Amount Range

$10,000 - $500,000

Maximum LTV

N/A

Minimum Draw

N/A

Loan Term (Years)

Up to 10

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), a bank founded in 1991 and based in New Orleans, LA. First Bank And Trust Of New Orleans HELOC are available in 3 states.

Key Takeaways

Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for First Bank And Trust Of New Orleans HELOC.
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 Of New Orleans HELOC Pros & Cons

Pros

Cons

Considers applicants with fair credit.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.
Only available in 3 states.

First Bank And Trust Of New Orleans HELOC FAQ

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

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 an origination fee.

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

First Bank and Trust of New Orleans may consider HELOCs secured by the following property types:

Primary residences
Secondary or vacation homes

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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 Of New Orleans HELOC

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.

Contact

Headquarters

909 Poydras Street

Ste. 100

New Orleans, LA 70112

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:00AM - 4:00PM

Tuesday

9:00AM - 4:00PM

Wednesday

9:00AM - 4:00PM

Thursday

9:00AM - 4:00PM

Friday

9:00AM - 4:00PM

Saturday

Closed

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SuperMoney Net Recommendation Score

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-1000+100

No one recommends

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