Home Equity Line of Credit: Spring Offer

You’ve worked hard for your home. Maybe it’s time to put your home to work for you? A First Mutual Bank Home Equity Line of Credit (HELOC) gets the cash you need with competitive rates and great options — even if your mortgage isn’t with us.

HELOC Special*

6.99% APR for the first year, adjusts monthly at Prime + 1% after the first year.

A HELOC lets you borrow money for large expenses using the equity in your home as collateral. It’s a great way to cover education expenses, home improvements, medical bills, debt consolidation, a second residence, and much more.

Download Our HELOC Guide 

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*6.99% Introductory Annual Percentage Rate (APR) is accurate as of 4/2/2024. Home Equity Line of Credit has a variable rate feature. During the 12-month introductory period the Annual Percentage Rate (APR) is locked and will not increase. After the promotional period, the APR is variable and will be based on the Wall Street Journal Prime (index) plus 1.00% margin. The maximum APR is 12%. There is a 120-month draw period where advances may be taken. Your minimum payment in the draw period will be the accrued interest for the month. After the draw period, advances are no longer permitted (repayment period). Repayment of the outstanding balance must be paid no later than the next 120-months. Minimum FICO Score of 700; late fees apply. Maximum LTV up to 89% with First Mutual Bank holding the 1st mortgage. Property insurance is required, and flood insurance may be required (if applicable). Consult a tax advisor regarding deductibility of interest. All loans are subject to credit review and approval. Certain fees and other restrictions may apply. Owner-occupied properties only. Properties must be in Ohio or West Virginia. Offer subject to change without notice. Contact First Mutual Bank for details. NMLS# 1805397.