First Bank and Trust Home Equity Loan

Unaffiliated

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

Not enough votes for recommendation

Highlights
APR (Fixed APR)	N/A
Loan Term (Years)	N/A
Loan Amount	N/A
Maximum LTV	N/A

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 are 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

Headquarters
520 6th Street
Brookings, SD 57006 USA
Visit Site
Email Support

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

Availability

Available in 2 states

Minnesota
South Dakota

Feature Breakdown

Credit Score Range	650 - 840
Employment Statuses Considered	Other Employed Full-Time Employed Part-Time Self-Employed Retired
Immigration Status Considered	U.S. Citizen U.S. Permanent Resident
Intended Use	Primary Home Secondary Home Investment
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	Driver License (or other photo ID) 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