Flexibility to Meet Your Needs
- Term: 10 years based upon amount borrowed
- Borrow 65%-85% of the equity in your home (owner-occupied) based on
- Minimum Loan Amount: $10,000
- Minimum Payment Amount: Interest-Only
- Interest-only payments will result in a balloon payment of the remaining loan balance at the end of the loan term.
- Variable Rate base on WSJ Prime and credit score
- Client pays all fees and costs
- $150 documentation fee
- Checks and/or Debit Card (requires an FFB checking account)
- Fees may be financed
- No prepayment penalty
Contact Us Today!
- Oklahoma City Area 405-416-2222
- Tulsa Area 918-728-6345
- Phoenix Area 602-912-5555
- Denver Area 720-782-7222
- Nationwide 800-299-7047
Disclosure:
Interest Only Home Equity Line of Credit - The APR during the revolving period is variable and ranges between WSJ Prime -.25 up to WSJ Prime +1.25 with a floor of 4.0% with a maximum APR of 21%. Available terms are between 7 - 10 years based on amount. The APR offered is based on the credit characteristics and Loan-To-Value (LTV). Loan amount must be $10,000 or greater. Current appraisal and property insurance are required including flood insurance when applicable. Client pays all fees and costs. A one-time $150 documentation fee applies, and all fees may be financed. Loan amounts range from 65-80% of your home’s value based on the amount borrowed and there is no down payment required. The minimum monthly payment is the interest accrued each month. For example, the minimum payment is $200 for a loan at 6% APR with a $40,000 balance. Interest-only payments will result in a balloon payment of the remaining loan balance at the end of the loan term. All rates and terms are subject to credit approval and could change without notice.