HELOC LP

Take shelter
from high-interest debt.

With a Home Equity Line of Credit from First National Bank of Waterloo, you can pay off high-interest credit card debt and lower your monthly payments.

Special introductory rate on a Home Equity Line of Credit

5.99%APR*
FOR 12 MONTHS

After 12 months, variable with rates as low as

8.25%APR*

Use the equity in your home to pay off high-interest credit cards with a Home Equity Line of Credit from the bank you trust.

Simply pay off your credit cards with your credit line checks, and you’ll pay less interest over the long term, and enjoy lower payments each month.

Local lending experts

All our loan decisions are made locally, and we care about seeing our neighbors succeed.

Easy online application

Apply in as little as 20 minutes.

Flexible funds

Your Home Equity Line of Credit is flexible—you only write checks to access the funds you need.

Competitive rates

Check out our current rates or contact a Mortgage Professional today.

Local holding and servicing of your loan

Unlike bigger banks, we keep our mortgages in-house, so you’ll always get personal, knowledgeable, local assistance with your loan.

We don’t just offer loans, we build relationships.

First National Bank of Waterloo has been a pillar of the community for 110 years. We invest in the areas we serve, and we focus on building long-lasting relationships with our customers. And while we are proud to be a local, community bank, we offer the same services as the larger banks.

*Home Equity Line of Credit has a fixed APR of 5.99% for twelve months from the date of closing. After that date, APR becomes a variable rate adjusted monthly based upon the Prime Rate, as published in the Wall Street Journal, and the Loan to Value (LTV) ratio for the life of the loan with a minimum rate of 4.00%. As of 7/27/23 Prime Rate was 8.50%. Loan to value ratio 70% or less: Prime – 0.25%. Loan to value ratio above 70% to 80%: Prime. Loan to value ratio above 80%: Prime + 1.0%. Maximum APR is 15.00%. If first mortgage is not with First National Bank of Waterloo, maximum loan amount cannot exceed 75% combined loan to value. Appraisal required. Homeowner insurance required. Flood insurance may be required, if applicable. Offer available only on new accounts for owner-occupied 1-4 family primary residences. Offer is subject to credit and collateral approval. Offer may be withdrawn at any time. Other Rates and Terms also available. Consult a tax advisor regarding deductibility.