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Home Equity Loans
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Last Updated: 04/18/2025

First Citizens Bank Home Equity Loans

in Home Equity Loans from First Citizens Bank

Last Updated: 04/18/2025

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Credit Score Range

N/A


Amount Range

N/A


Maximum LTV

89.99%

Loan Term (Years)

5 - 15

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First Citizens Bank Home Equity Loans Review

First Citizens Bank Home Equity Loans is offered by First Citizens Bank , a bank founded in 1898 and based in Raleigh, NC. First Citizens Bank Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

  • No primary residences considered. First Citizens Bank Home Equity Loans 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.
  • High maximum LTV ratio. First Citizens Bank Home Equity Loans has a maximum loan to value ratio of 89.99%.

First Citizens Bank Home Equity Loans Pros & Cons

First Citizens Bank Home Equity Loans FAQ

What are the home equity loan requirements of First Citizens Bank Home Equity Loans

This lender's maximum loan to value rate is 89.99%. That means the total debt secured by the property cannot exceed 89.99% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $69.99k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does First Citizens Bank Home Equity Loans charge for a home equity loan?

First Citizens Bank Home Equity Loans may charge a loan origination fee

Is First Citizens Bank a legit company?

First Citizens Bank was founded in 1898, it is a well-established company that has been in business for 128 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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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.

Contact

Headquarters

4300 Six Forks Rd
Raleigh, NC 27609
Visit Site

Hours of Operation

Sunday
7:00AM - 11:00PM
Monday
7:00AM - 11:00PM
Tuesday
7:00AM - 11:00PM
Wednesday
7:00AM - 11:00PM
Thursday
7:00AM - 11:00PM
Friday
7:00AM - 11:00PM
Saturday
7:00AM - 11:00PM

Other Services by First Citizens Bank