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  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

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Highlights
Loan Amount $15,000 - $250,000
APR  (Fixed APR) Starting at 4.5%
Loan Term (Years) 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

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.

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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)

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