Home Equity Line of Credit (HELOC)

We know your cash on hand does not always match the needs and goals of your household.

Costs associated with home improvements, family vacations, new vehicles or starting your own business can mount quickly.

Adding a credit card is not always the best solution for what life can throw at us. But a Home Equity Line of Credit (HELOC) very well could be the ideal choice for you as a homeowner.

A HELOC, is a form of revolving credit in which your home serves as the collateral to secure the loan. It gives you the flexibility to draw money for whatever your needs or goals might be. Interest rates are often more favorable than what you might encounter with other types of debt like credit cards. Interest is often tax-deductible.


By borrowing against the equity available in your home, you control when and how you use your money. The FAB&T HELOC is a reusable source of credit that is replenished as your repay your outstanding debt. The amount of loanable equity is determined by 80 percent of the value in your home, minus what you owe on your existing mortgage.

You can borrow as much or as little as you need from the HELOC and interest is only charged on the amount you are actually using.


If you own a home and have been consistently making payments and building equity, it’s likely you qualify. With the help of FAB&T, the process is simple and our staff will work with you every step of the way.


•Our HELOC product has a minimum monthly payment of the accrued interest. The customer determines how much principal, if any, they want to pay.
•We charge an initial one-time fee of $275, rather than charging hundreds or thousands of dollars in closing costs. The fees are minimal compared to the value of having the ability to use the line of credit for any purpose you wish.
•FAB&T offers a fixed interest rate for a specified term. The rate could change, but not as often as the variable rate HELOCs from other banks.
•You can access your funds a few different ways, including writing an equity line check; withdrawing from the line at any of our 22 branch locations or transferring the funds online into your FAB&T checking or savings accounts. There is no need for further approvals.


For more information, please email loans@fabandt.bank.

FAB&T branch managers and lenders are committed to helping you decide if a HELOC is right for you. Stop by one of our 22 branches or call 800-982-4511 today for more information.