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Home Equity Lines of Credit
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Last Updated: 04/18/2025

First Mid Bank & Trust Home Equity Line of Credit

in Home Equity Lines of Credit from First Mid Bank & Trust

Last Updated: 04/18/2025

First Mid Bank & Trust Home Equity Line of Credit logo
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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)

N/A

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First Mid Bank & Trust Home Equity Line of Credit Review

First Mid Bank & Trust Home Equity Line of Credit is offered by First Mid Bank & Trust (NMLS #411170), a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Home Equity Line of Credit are available in 2 states.

Key Takeaways

  • Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for First Mid Bank & Trust Home Equity Line of Credit.
  • No primary residences considered. First Mid Bank & Trust Home Equity Line of Credit does not offer financing for primary homes.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

First Mid Bank & Trust Home Equity Line of Credit Pros & Cons

First Mid Bank & Trust Home Equity Line of Credit FAQ

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does First Mid Bank & Trust Home Equity Line of Credit charge for a HELOC?

First Mid Bank & Trust Home Equity Line of Credit may charge an origination fee.

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First Mid Bank & Trust Home Equity Line of Credit logo

Message from First Mid Bank & Trust Home Equity Line of Credit

There has to be a reason you decided to buy and not rent, and it’s definitely not the yard work. Your home truly is the best asset you have, and at First Mid, you can use the equity in your home to start something great! A First Mid Home Equity Loan or Home Equity Line of Credit (HELOC) can give you the funds needed to cover planned or unexpected expenses.

Contact

Headquarters

1515 Charleston Ave
Mattoon, IL 61938
Visit Site

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 - 5:00PM
Saturday
9:00AM - 12:00PM

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