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  First Bank and Trust Home Equity Loan

First Bank and Trust Home Equity Loan

in Home Equity Loans from First Bank and Trust · NMLS ID #409296

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First Bank and Trust Home Equity Loan

Unaffiliated

in Home Equity Loans from First Bank and Trust · NMLS ID #409296

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First Bank and Trust Home Equity Loan Review

First Bank and Trust Home Equity Loan is offered by First Bank and Trust (NMLS #409296), a bank founded in 1925 and based in Brookings, SD. First Bank and Trust Home Equity Loan is available in 2 states across the USA.

First Bank and Trust Home Equity Loan FAQ
Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does First Bank and Trust Home Equity Loan charge for a home equity loan?

First Bank and Trust Home Equity Loan may charge a loan origination fee

What types of property can you use as security for a home equity loan with First Bank and Trust Home Equity Loan?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. First Bank and Trust Home Equity Loan will consider loans secured by the following property types:

  • Primary home.
  • Secondary homes and vacation properties.
  • Investment properties and house flipping projects.

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Message From First Bank and Trust Home Equity Loan

Navigating the home-buying process doesn’t have to be hard. Our knowledgeable loan officers walk you through your mortgage options, ensuring you’re making the right decision. With expertise in the local market, you can confidently buy your new home with no surprises.

A home equity loan or line of credit allows you to use the equity you’ve built up in your home as collateral. The equity is the difference between the current value of the home and your current mortgage balance. Sometimes called a "second mortgage", a home equity loan typically has a shorter term. Advance what you need, when you need it. Low variable rate. Interest-only monthly payments based on approval. Easy access via check, Digital Banking, or by contacting the bank.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday 9:00am - 12:00pm

Other Services by First Bank and Trust

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Personal Credit Cards

2 Products

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First Bank and Trust Visa Gold Rewards Credit Card

First Bank and Trust Visa Signature Rewards Credit Card

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Personal Loans

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Private Student Loans

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CD Accounts

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Checking Accounts

4 Products

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First Bank and Trust Free Checking

First Bank and Trust easyGROW Checking

First Bank and Trust Real Deal Checking

First Bank and Trust First Class Club Checking

Money Market Accounts

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Savings Accounts

3 Products

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First Bank and Trust Savings

First Bank and Trust Cache Teen Savings

First Bank and Trust Kids-N-Coins Club Savings

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Home Equity Lines of Credit

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Home Purchase Mortgages

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Mortgage Refinance

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Availability

  Available in 2 states
  • Minnesota
  • South Dakota

Feature Breakdown

Credit Score Range 650 - 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)
Interest Rate Types Offered Fixed-Rate Mortgage

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