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

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 are 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

Headquarters
1515 Charleston Ave
Mattoon, IL 61938 USA
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Email Support

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

Banking

Mortgage

Refinance

Availability

Available in 2 states

Illinois
Missouri

Feature Breakdown

Credit Score Range	580 - 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