Home Equity Line of Credit

Home Equity Line of Credit

Unlock the value in your home with a Home Equity Line of Credit from First National
Bank of the Gulf Coast. The money can be used for just about anything—including home
improvements, new vehicles, tuition payments, vacations, medical expenses and more!

Promotional rate of 2.49% annual percentage rate for 12 months. Thereafter, rate will be based on Wall Street Journal Prime plus 50 basis points, with a floor of 3.75% APR, (maximum rate 18% APR). APR and minimum payment can change due to variable rate feature. Interest only during 10-year draw period. 15-year repayment period of principal and interest. First or second lien position available. Loan-to-value no greater than 80% if First National Bank of the Gulf Coast holds first mortgage. LTV no greater than 70% on second lien position if first mortgage is with another financial institution. 20% cash required for an 80% LTV; 30% cash required for an 70% LTV. Closing cost fees may range from $500 to $13,000. Maximum loan amount is $1,000,000. Title insurance required on any loan of $150,000 or greater. Property insurance and flood insurance required as applicable. Offer subject to credit approval. Consult a tax advisor regarding the deductibility of interest. Bank will pay closing costs up to a maximum of $3,000. *If loan pays off within first year, customer must reimburse the closing costs paid by the bank.
Contact our consumer lending team for additional information today!
Please call (239) 325-3744 or e-mail billreitz@fnbofgc.com NMLS#982011