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Home > Loans & Credit Cards > Loans and Credit Cards > First South Financial Home Equity Loans

Home Equity Lines of Credit

A wonderful option for using the excess cash in your home. 

This is a variable rate loan that allows you to make draws against the equity in your home, much like using the available credit on your credit card.

A First South Financial Home Equity Line of Credit (HELOC) offers you the following benefits:

  • A great low interest rate
  • No floor rate
  • Limits as high as $500,000*
  • No points or origination costs

A home equity line of credit is a great way to pay for:

  • Major home remodeling
  • Purchasing a vehicle
  • A dream vacation
  • And more!

Have more questions? Check out our HELOC FAQs page.

Home Equity Line of Credit
Effective Date: Monday, March 27th, 2017
Loan to Value (LTV)Terms and Draw PeriodsRates
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 Prime + 2.00%^
91% to 95% LTV up to 20 years/12 year draw period Prime + 4.00%^
Now offering a 2.25% APR^ 12-month introductory rate!

Apply for a First South Financial Home Equity Line of Credit Loan  Calculate your First South Financial Home Equity Line of Credit Loan

We also offer many ways to make your home equity loan payments. Learn more about our loan payment options.

*Rate is based on Prime as published in the Wall Street Journal, which is currently 3.75% APR, plus a margin as listed. Rates are subject to change quarterly. Loans are subject to approval criteria; not all applicants will qualify. Members may be responsible for the appraisal fee which is approximately $350 or more. Please consult your tax advisor regarding interest deductability.  Please see First South Financial for complete details. NMLS# 410640

 

 

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