Consumer Loan Rates

APR is accurate as of November 1, 2017 and is subject to change

Personal Loans*

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TypeAPR
New AutoAs low as 2.61%
Used AutoAs low as 2.69%
New BoatsAs low as 4.99%
Used BoatsAs low as 5.34%
All Other Collateral SecuredAs low as 6.19%
Unsecured LoanAs low as 11.81%
Unsecured Line of CreditAs low as 2.75% over Prime Rate**

*Loan rates and terms are dependent on credit qualifications, terms, amount, and payment method

**Prime Rate is published in the Wall Street Journal Money Rates Table and is subject to change

Personal Real Estate Loan*

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TypeAPR
Equity Plus Loan

up to $150,000

As low as 5.64%
Equity Plus Loan

$150,000 and over

As low as 5.78%
Equity Plus Lot LoanAs low as 6.15%
Raw Land LoanAs low as 8.52%
Improved Real Estate Loan As low as 6.53%
Construction Loan

up to 6 months

As low as 10.17%
Construction Loan

up to 12 months

As low as 8.29%

*Loan rates and terms are dependent on credit qualifications, terms, amount, and payment method


Personal Home Equity Line of Credit*

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TypeAPR
First Advantage Line of Credit**As low as 3.50% over
FHLB 5 Year Fixed Rate
First Equity Line of Credit***As low as 0.00% over Prime Rate

*All home equity lines of credit are subject to credit approval. You may have to pay loan fees and third party closing costs which range between $17 - $1,000. Evidence of adequate property insurance is required. Loan rates and terms are dependent on credit qualifications, terms, amount and payment method. Additional fees, conditions and restrictions may apply. Contact your local FB branch or call (907) 228-4430 for current rates or questions. Home equity loans may qualify for tax deductible interest. Consult your tax advisor for details.


**The First Advantage Home Equity Line of Credit Annual Percentage Rate (APR) is variable and determined by adding a margin (base margin 3.5%) to the index which is based on the Federal Home Loan Bank of Des Moines 5 Year Advance Rate as published at www.fhlbdm.com and is subject to change. The index is 2.39% as of November 1, 2017. APR is based on a consumer purpose transaction and properties with a maximum Loan to Value (LTV) of 80%. The First Advantage Home Equity Line of Credit features a 5 year draw period followed by a 15 year repayment period. APR does not include cost other than interest. The minimum APR is 4.00% and a maximum APR of 17.00% or the maximum allowed by state law. An annual fee of $75 applies and is charged on your anniversary date each year. The First Advantage Line of credit requires a minimum line amount of $5,000 and a maximum line limit of $100,000. A 1.00% discount to the APR is given if the customer signs up for automatic payments from a First Bank deposit account at the time of loan origination. Early cancellation of automatic debit will result in an increase of the APR by 1.00%.


***The First Equity Home Equity Line of Credit Annual Percentage Rate (APR) is variable and determined by adding a margin (base margin 0.0%) to the index which is based on the Prime Rate as published in the Wall Street Journal Money Rates Table and subject to change. The index is 4.25% as of June 15, 2017. APR is based on a consumer purpose transactions and properties with a maximum Loan to Value (LTV) of 80%. The First Equity Home Equity Line of Credit features a 7 year draw period with regular minimum payments of 2% of the outstanding balance. A balloon payment in the amount of the outstanding balance of the line of credit may result at the end of the draw period if only minimum payments are made during the draw period. APR does not include cost other than interest. The minimum APR is 4.00% and a maximum APR of 17.00% or the maximum allowed by state law. An annual fee of $75 applies and is charged on your anniversary date each year. The First Equity Line of credit requires a minimum line amount of $5,000 and a maximum line limit of $250,000. A 1.00% discount to the APR is given if the customer signs up for automatic payments from a First Bank deposit account at the time of loan origination. Early cancellation of automatic debit will result in an increase of the APR by 1.00%.

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