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  First Mid Bank & Trust Home Equity Loan

First Mid Bank & Trust Home Equity Loan

in Home Equity Loans from First Mid Bank & Trust · NMLS ID #411170

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First Mid Bank & Trust Home Equity Loan

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in Home Equity Loans from First Mid Bank & Trust · NMLS ID #411170

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First Mid Bank & Trust Home Equity Loan Review

First Mid Bank & Trust Home Equity Loan is offered by First Mid Bank & Trust (NMLS #411170), a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Home Equity Loan is available in 2 states across the USA.

First Mid Bank & 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 Mid Bank & Trust Home Equity Loan charge for a home equity loan?

First Mid Bank & 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 Mid Bank & Trust Home Equity Loan?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. First Mid Bank & 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 Mid Bank & Trust Home Equity Loan

There has to be a reason you decided to buy and not rent, and it’s definitely not the yard work. Your home truly is the best asset you have, and at First Mid, you can use the equity in your home to start something great! A First Mid Home Equity Loan or Home Equity Line of Credit (HELOC) can give you the funds needed to cover planned or unexpected expenses. A Home Equity Loan provides you a lump sum of money dispersed in one payment. The loan is fully amortizing, and repaid in fixed monthly installments. This is ideal for any large, one-time expense. For more information, fill out a Contact Us form or call us at and ask about our Home Equity program.

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 - 5:00pm
  • Saturday 9:00am - 12:00pm

Other Services by First Mid Bank & Trust

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CD Accounts

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Checking Accounts

6 Products

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First Mid Bank & Trust Premier Checking

First Mid Bank & Trust Classic Checking

First Mid Bank & Trust Interest Checking

First Mid Bank & Trust Basic Checking

First Mid Bank & Trust Basic Student Checking

First Mid Bank & Trust Start New Checking

Money Market Accounts

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Savings Accounts

4 Products

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First Mid Bank & Trust Christmas Club Savings

First Mid Bank & Trust Summer Savings

First Mid Bank & Trust Kids First Savings

First Mid Bank & Trust Retail Savings

Icon for Mortgage

Home Equity Lines of Credit

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Home Purchase Mortgages

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Icon for Refinance

Mortgage Refinance

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Availability

  Available in 2 states
  • Illinois
  • Missouri

Feature Breakdown

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
  • 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
  • Adjustable-Rate Mortgage (ARM)

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