Home Equity Line of Credit Special!
Top Five Reasons Consumers use a HELOC
(according to an article by CNET Money, April 2023)
Home Improvements
- Consolidating High Interest Debt
- Higher Education Costs
- Unexpected Emergencies
- Business Related Expenses
We believe in saving with no strings attached! A Farmers Bank Home Equity Line of Credit may help you make those plans a reality. Contact LeAnne or Dana or apply today!
Apply Online
If you are interested in applying for a HELOC at Farmers Bank, you can get started by downloading and completing our application and bringing it into our office.
*Introductory Annual Percentage Rate (APR) of 6.75% is available for Home Equity Lines of Credit (HELOC) applications dated 05/01/2023 to 05/31/2023. The rate will be fixed for 6 months from the account opening date. Thereafter, APR can vary and will adjust to the Prime Rate (index), which is currently 8% as published in the Wall Street Journal. APR can change as often as monthly. APR will not fall below a rate floor of 3.75%, maximum APR is 21%. New money only. Interest only payments required. All loans are subject to underwriting and credit approval. Must have an active Farmers Bank checking account for the discounted rate and waived origination fee. No Origination fee will apply during the promotion period. All other regular closing costs apply, including appraisal costs (if applicable). Closing costs range in amounts typically from $203.40 - $850.80. All rates, terms and conditions are subject to changes without notice. Proof of property insurance required. Proof of property insurance, including flood insurance if located in a designated flood zone, required.