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Home Equity Products

The most convenient way to borrow money. Our Home Equity Products give you flexibility, from interest only payments to a fixed rate loan. We have a product to fit your needs.

Home Equity Products Home Equity Line of Credit
Home Equity Loan
LTV (Loan to Value) 80% 80%
Minimum Loan Amount $10,000 $10,000
Closing Costs Actual Costs Actual Costs
Interest Interest may be tax deductible. Consult your tax advisor for further information regarding the deductibility of interest.

Calculate Your Home Equity Loan

Below is an example of how to calculate the possible equity in your home. For questions regarding your home values, rates, or terms, contact our Mortgage Department.

HELOC Calculation
Appraised Home Value
Advance Rate 80% x 80%
Lendable Equity $80,000
Less Existing 1st Mortgage Balance $50,000
Potential Home Equity $30,000

* The information provided above is for illustrative purposes only. The information shown may vary from your actual home value, rates, or loans. Interest rates are hypothetical. The following results are in no way guaranteed by First Community Bank and Trust.

Home Equity Loan Checklist

For all loan purposes above you will need the following items to start and complete your loan process.

Home Equity Checklist Items
All Applicants
  • Real Estate application (we will provide)
  • Income, Assets and Liability information
  • 2 current pay stubs
  • 2 years tax returns with W2s
At a Later Date
  • Legal Description of property
  • Survey
  • Appraisal
  • Title work
If Self Employed
  • Last 3 years of business tax returns
  • Last 3 year-end financial statements
  • Last 3 years personal federal tax returns

Talk to a Mortgage Loan Officer


All offers of credit are subject to credit approval.


Mortgage Loan Assistance

Mortgage Loan Calculators

Employee NMLS ID Numbers