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Last Updated: 04/18/2025

First Mid Bank & Trust Home Equity Line of Credit

from First Mid Bank & Trust

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)

N/A

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

Pros

Cons

Considers applicants with fair credit.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.
Only available in 2 states.

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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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 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

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 - 5:00PM

Saturday

9:00AM - 12:00PM

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SuperMoney Net Recommendation Score

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-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.