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    • 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 7 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
  • 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

With any account, you also get the latest in digital technology:

Products With You In Mind

FNB offers a full breadth of products and services for your needs.

Compare all accounts This comparison chart makes it easy to compare all our borrowing options.

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Compare all accounts This comparison chart makes it easy to compare all our borrowing options.

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Still not sure? Answer a few quick questions to help you find the right borrowing option.

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Still not sure? Answer a few quick questions to help you find the right borrowing option.

Help me decide
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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

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