SuperMoney
Explore
Compare Rates

Compare All Home Equity Loans

Filter & compare all your options in one place.

View All Home Equity Loans
x No thanks, not right now
Advertiser Disclosure
  First Bank and Trust of New Orleans Home Equity Loan
First Bank and Trust of New Orleans Home Equity Loan
in Home Equity Loans from First Bank and Trust of New Orleans · NMLS ID #525613
Unaffiliated

First Bank and Trust of New Orleans Home Equity Loan

Unaffiliated
in Home Equity Loans from First Bank and Trust of New Orleans · NMLS ID #525613
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Home Equity Loans.
New American Funding Home Equity Loans
New American Funding Home Equity Loans

Strongly recommended

14 reviews
Learn More
Highlights
APR  (Fixed APR) Starting at 4.5%
Loan Term (Years) N/A
Loan Amount $15,000 - $250,000
Maximum LTV N/A

First Bank and Trust of New Orleans Home Equity Loan Review

First Bank and Trust of New Orleans Home Equity Loan 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 Home Equity Loan is available in 3 states across the USA.

First Bank and Trust of New Orleans Home Equity Loan FAQ

How much can you borrow with a First Bank and Trust of New Orleans Home Equity Loan home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

First Bank and Trust of New Orleans Home Equity Loan allows borrowers to apply for home equity loans of up to $250,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

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.

What home equity loan rates does First Bank and Trust of New Orleans Home Equity Loan offer?

First Bank and Trust of New Orleans Home Equity Loan offers home equity loans with a fixed APR

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 of New Orleans Home Equity Loan charge for a home equity loan?

First Bank and Trust of New Orleans Home Equity Loan may charge a loan origination fee of 1% of the loan amount.

What types of property can you use as security for a home equity loan with First Bank and Trust of New Orleans 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 of New Orleans 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.

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

Financing flexibility you need for your next big expense. If you've made years of mortgage payments, you've likely built up considerable equity in your home. First Bank and Trust gives you access to that equity through loans with competitive rates in the Louisiana, Mississippi and Florida marketplaces. Make home improvements, buy furnishings, pay college tuition, take vacations or consolidate debt. With a home equity loan, you can leverage the time you've spent working on and paying off your home, using the funds for endless possibilities.

 

Contact

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

Other Services by First Bank and Trust of New Orleans

Icon for Credit Card

Credit Cards

2 Products

Be the first to rate

First Bank and Trust of New Orleans Visa Platinum

First Bank and Trust of New Orleans Visa Classic

Icon for Loans

Auto Loans

Be the first to rate

Personal Lines of Credit

Be the first to rate

Personal Loans

Be the first to rate
Icon for Banking

CD Rates

Be the first to rate

Checking Accounts

3 Products

Be the first to rate

First Bank and Trust of New Orleans First Checking Account

First Bank and Trust of New Orleans Green Checking Account

First Bank & Trust Tuition Marquis Checking Account

Money Market Accounts

2 Products

Be the first to rate

1st Bank New Orleans High Yield Money Market

1st Bank Trust New Orleans Black&Gold Money

Savings Accounts

Be the first to rate
Icon for Mortgage

Home Equity Lines of Credit

Be the first to rate

Home Loans

Be the first to rate

Availability

  Available in 3 states
  • Florida
  • Louisiana
  • Mississippi

Feature Breakdown

Origination Fee (%) 1%
Credit Score Range 580 - 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
  • 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)
  • Income Statement
Pre-Approved Soft Credit Inquiry
APR (Fixed APR) Starting at 4.5%
Loan Amount $15,000 - $250,000
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)

Be the first to rate

 

Would you recommend First Bank and Trust of New Orleans Home Equity Loan to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)
Browse Home Equity Loan Lenders
SuperMoney
Goals
Partner with us
Go to homepage

Copyright 2022 SuperMoney, LLC. All rights reserved.

SuperMoney Advertiser Disclosure

*SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us.

This content is not provided by any financial institution. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any financial institution.

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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products.

We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

† To check the rates and terms you qualify for, one or more soft credit pulls will be done by SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.