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Home Equity Line of Credit

Unlock the value of your home.

A Home Equity Line of Credit from FNB is a credit line that helps you access the equity in your home to provide a reusable source of financing to help meet your financial objectives. You can utilize all or a portion of the total credit limit as you need it, and only pay interest on the amount you use.

To Apply Now or Schedule an Appointment:

Unlock the possibilities with an FNB Home Equity Line of Credit

black and white house with blue tints

1.99% APR* 90-day introductory offer. As low as 6.99% APR* Variable APR. Apply today. View Disclosures

This offer ends May 31, 2023. Learn More

    • Cycle icon

      Flexibility to borrow repeatedly

    • Lock and 2 Arrows

      Variable interest rate with option to lock in a fixed rate6

    • Stack of Money

      Only pay interest on the amount you use5

    • House percent icon

      Borrow up to 85% of the value of your home3

  • Enjoy Real Flexibility:

    A home equity line of credit from FNB1 is a revolving line of credit. This means you have a set amount of money available to borrow — with the flexibility to take what you need as you need it. When you repay your balance, the credit line is freed up to borrow again. With this type of loan, you only pay interest on the amount you use during the draw period.

    How a Home Equity Line of Credit Works:

    With a Home Equity Line of Credit, you are borrowing against the available equity in your home, and your house is used as collateral. Lines of credit allow you to borrow up to a certain amount, rather than a set dollar amount. As you repay your outstanding balance, the amount of available credit is replenished, meaning you can borrow against it again and again.

    The time period which you are allowed to borrow is called the draw period and is typically seven years. The repayment period begins at the end of the draw period. Monthly payments during the draw period are interest only but become principal and interest during the repayment period.

    Key Features:

    • Flexibility to borrow as needed, repay and borrow again up to your credit limit2
    • Borrow up to 85% of the value of your home (less any outstanding mortgages or liens)3
    • Variable interest rate tied to the U.S. Prime Rate4,5
    • Optional LockOption that lets you lock in a fixed rate for all or a portion of your outstanding balance6
    • Access your funds via check or online transfer

    Great For:

    • Providing overdraft protection for your checking account
    • Covering unexpected expenses
    • Providing liquidity to bridge the gap between when your bills are due and when you get paid
    Interest Rates for Zip Code 20149

  • Qualifying for a Home Equity Line of Credit:

    In order to qualify for a Home Equity Line of Credit, 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% 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 Line of Credit, 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

  • Put your financial goals on the house.

    1. Home Equity Loan 1

      1.99% APR* 90-day introductory offer. As low as 6.99% APR* Variable APR.

      Whether you’re planning spring home improvements, consolidating debt or just want to prepare for the unexpected, an FNB Home Equity Line of Credit1 gives you flexible access to the equity in your home — whenever you need it.

      Apply today for this limited-time promotional offer before it's gone. Offer ends May 31, 2023.

      Review the offer disclosures by entering your zip code on the Loan Rates page.

       

       

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Notices & Disclosures
1 - FNB is an Equal Housing Lender; NMLS #766529.
2 - During the draw period
3 - All loan products are subject to credit approval.
4 - U.S. Prime Rate as published in The Wall Street Journal.
5 - Interest may be deductible; check with your tax advisor.
6 - $75 fee for each executed rate lock

View Product Details

*NC/SC Residents
* Annual Percentage Rate: Annual Percentage Rate (APR) shown is available as of February 2, 2023, to qualified applicants for variable rate lines of credit secured by single-family owner-occupied residential property. After the 1.99% APR 90 day introductory period, the APR will be a variable rate based on The Wall Street Journal’s Prime Rate. After the introductory period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the Home Equity Line of Credit agreement. A line of credit (line) amount of $25,000 is eligible for Prime minus 0.26% (7.49% APR); a line amount of $50,000 is eligible for Prime minus 0.51% (7.24% APR); a line amount of $100,000 is eligible for Prime minus 0.96% (6.79% APR); and a line amount of at least $150,000 is eligible for Prime minus 1.01% (6.74% APR). The APRs shown are available on 85% combined loan-to-value ratio. Refinancing of any First National Bank loan requires an increase of $25,000. Interest rate will vary as The Wall Street Journal’s Prime Rate changes but will never exceed the applicable state maximum rate, which is 18% in South Carolina and 16% in North Carolina. This offer is subject to geographical limitations as determined by First National Bank. As of February 2, 2023, The Wall Street Journal’s Prime Rate is 7.75%. Consult with a tax advisor to determine whether the interest you pay is tax deductible. Your APR may be higher based on the prevailing variable rate index value, your credit qualifications, the amount of your credit line, combined loan to value, whether you elect the automatic payment feature from a First National Bank checking account, and/or property type. Insurance: Property insurance is required. Title Insurance is required on lines of $500,000 or more at borrower expense. Flood insurance may be required. Annual Fee: Annual fee of $50 charged each anniversary date may apply. Early Termination Fee: Early termination fee of $350 may be assessed if line is closed within the first three years. LockOption Fee: LockOption fee of $75 for each lock. If the LockOption feature is requested, your payment must be automatically deducted from a First National Bank deposit account and cannot be cancelled. Offer may be withdrawn at any time without notice. Approval subject to credit qualifications. Other terms available at different rates. First National Bank NMLS# 766529. First National Bank Home Equity Line of Credit application must be on file by May 31, 2023.

*PA/OH/MD/WV/VA/DC Residents
* Annual Percentage Rate: Annual Percentage Rate (APR) shown is available as of February 2, 2023, to qualified applicants for variable rate lines of credit secured by single-family owner-occupied residential property. After the 1.99% APR 90 day introductory period, the APR will be a variable rate based on The Wall Street Journal’s Prime Rate. After the introductory period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the Home Equity Line of Credit agreement. A line of credit (line) amount of $25,000 is eligible for Prime minus 0.26% (7.49% APR); a line amount of $50,000 is eligible for Prime minus 0.51% (7.24% APR); a line amount of $100,000 is eligible for Prime minus 0.76% (6.99% APR); and a line amount of at least $150,000 is eligible for Prime minus 1.01% (6.74% APR). The APRs shown are available on 85% combined loan-to-value ratio. Refinancing of any First National Bank loan requires an increase of $25,000. Interest rate will vary as The Wall Street Journal’s Prime Rate changes but will never exceed the applicable state maximum rate, which is 24% in District of Columbia, 18% in Maryland, Ohio, West Virginia, Virginia, and 15% in Pennsylvania. This offer is subject to geographical limitations as determined by First National Bank. As of February 2, 2023, The Wall Street Journal’s Prime Rate is 7.75%. Consult with a tax advisor to determine whether the interest you pay is tax deductible. Your APR may be higher based on the prevailing variable rate index value, your credit qualifications, the amount of your credit line, combined loan to value, whether you elect the automatic payment feature from a First National Bank checking account, and/or property type. Insurance: Property insurance is required. Title Insurance is required on lines of $500,000 or more at borrower expense. Flood insurance may be required. Annual Fee: Annual fee of $50 charged each anniversary date may apply. Early Termination Fee: Early termination fee of $350 may be assessed if line is closed within the first three years. LockOption Fee: LockOption fee of $75 for each lock. If the LockOption feature is requested, your payment must be automatically deducted from a First National Bank deposit account and cannot be cancelled. Offer may be withdrawn at any time without notice. Approval subject to credit qualifications. Other terms available at different rates. First National Bank NMLS# 766529. First National Bank Home Equity Line of Credit application must be on file by May 31, 2023.

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