Home Equity Installment Loan

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  Borrow up to 85% of the value of your home²

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  Fixed, affordable interest rate³

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  Discount available for automatic payment from an FNB Deposit account

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  Flexible repayment terms available

Qualifying for a Home Equity Installment Loan:

In order to qualify for a Home Equity Installment Loan, you first need to have equity in your home. This means that the value of your home must be greater than the amount you owe on your home. This difference in the amount your home is worth and how much you owe is called equity. Typically, you can borrow up to 85 percent of your home's value less the amount you owe on your home. Other factors such as credit score, employment history, monthly debt payments and income are also considered.

The Borrowing Process:

Our objective is to make the borrowing process simple and straightforward. To apply for a Home Equity Installment Loan, you will want to have the following information available for your branch visit:

Required Identification:

• A non-expired ID (driver’s license, state-issued ID, Military ID, passport, or Permanent Resident Card and visa)

Getting Prepared:

While you won't need this for your initial visit to start the application process, as we evaluate your application, we may ask you for additional pieces of information. You may be asked:

• To verify your income
• To provide bank statements
• To provide tax documents