Home Equity Lines of Credit
A wonderful option for using excess cash in your home.
Check out our latest Home Equity Line of Credit Specials!
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
- Paying off higher interest debt
- And more
Have more questions? Check out our HELOC FAQs page.
| 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. |
GETTING PRE-APPROVED
KNOW YOUR FINANCING OPTIONS BEFORE YOU START TO SHOP
We also offer many ways to make your home equity loan payments. Learn more about our loan payment options.
^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%.Members may be responsible for the appraisal fee which is approximately $350 or more. Home owners insurance is 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. 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
