1.99% APR FOR 6 MONTHS ON A HOME EQUITY LINE OF CREDIT*
Turn your equity into upgrades with this incredible rate! You can also use your Home equity line of credit to pay off debt, fund education expenses, and much more!
Our home equity lines of credit have the following benefits:
- Loan-to-Value ratios as high as 90%
- ABSOLUTELY no points, fees, or closing costs
- Limits as high as $500,000
- Easy application and approval process
Take a look at how affordable your payments can be!
- $20,000 loan amount = $157.65 monthly payment*
- $30,000 loan amount = $236.48 monthly payment*
- $40,000 loan amount = $315.30 monthly payment*
- $50,000 loan amount = $394.13 monthly payment*
To find out more, give us a call at 901-380-7400 or stop by any of our banking centers.
| Loan to Value (LTV) | Terms and Draw Periods | APR |
|---|---|---|
| Up to 80% LTV | up to 20 years/12 year draw period | Prime + 0.00%^ |
| 81% to 90% LTV | up to 20 years/12 year draw period | Contact First South Financial for details. |
*Offers valid until 12/31/25. After the 6-month introductory period, the APR will revert to Prime, as listed in the Wall Street Journal, plus a margin of up to 2.00%. Maximum LTV is 90% and maximum APR is 18.00%. Rates may change quarterly based on rates published in the Wall Street Journal. Loan payment amounts are for example purposes only and are based on an APR of 7.25% + a margin of 0.00% APR and a term of 240 months with a maximum LTV of 80%. After your loan is established and if you pay off and close your line of credit within 36 months of opening, you would be responsible for a recapture fee generally totaling between $300 and $3,000. The fee includes costs associated with originating your loan and may include, but not limited to, appraisal fee, credit report fee, flood certification, and title search. There may be an appraisal cost if the appraisal fee exceeds $500. Homeowners insurance is required, and flood insurance may be required. Excludes existing FSF HELOCs. Balances cannot be transferred from existing First South Financial loans or credit cards to a First South Financial HELOC. Loans are subject to approval criteria; not all applicants will qualify. Home Equity Line of Credit is available in TN, AR, and MS. Equal housing opportunity. All rates and offers are subject to change or withdrawal without notice. Please see First South Financial for complete details. NMLS# 410640
