Interest-Only Home Equity Line of Credit (HELOC)

Flexibility to Meet Your Needs

First Fidelity Bank’s Interest-Only HELOC is designed to provide the freedom and flexibility you need to take care of the things that matter most.

  • Term: 7-10 years based upon amount borrowed
  • Borrow 65%-80% of the equity in your home (owner-occupied) based on 
  • Minimum Loan Amount: $10,000
  • Minimum Payment Amount: Interest-Only
  • 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

Apply online, speak with your local personal banker, or call us at the numbers listed below to find out more information about our Interest-Only Home Equity Line of Credit. 

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

Other rules and restrictions may apply. Consult your First Fidelity Banker for more information.


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. All rates and terms are subject to credit approval and could change without notice.

The Differences Between a HELOC and a Home Equity Loan

Details HELOC Home Equity Loan
  • Ideal for multiple, convenient purchases or expenses over time
  • Remodeling, education, emergency fund, etc.
  • Ideal for one-time expenses
  • Remodeling, debt consolidation, retirement prep, vehicle purchase, etc.
Rate Variable, based on Prime
Fixed (stays the same over the life of the loan)
Term 7-10 years Up to 10 years
  • $10,000 minimum loan amount
  • Combined loan-to-value up to 80%
  • $10,000 minimum loan amount
  • Combined loan-to-value up to 80%
  • Must be owner occupied
  • Residence or second residence
  • Must be owner occupied
  • Residence or second residence