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Unlock the equity in your home

3.99% APR*

Home Equity Line of Credit

A Home Equity Line of Credit lets you tap into the equity in your home to make your dreams a reality.

3.99% APR*

Introductory Fixed Rate for 12 Months

Whether it’s a remodel, a vacation, college tuition, debt consolidation or any other big purchase, a Home Equity Line of Credit makes it easy to access the funds when you need it without the need for added paperwork or waiting for approvals. And with Farmers, you get the added benefit of a dedicated Home Loan Specialist to help you navigate the lending process.


*The Home Equity Line of Credit 3.99% introductory APR (Annual Percentage Rate) rate is a 12-month fixed rate based on a 90% loan-to-value (LTV) or less at the time of application. A minimum new money loan amount of $25,000 or minimum $25,000 increase to an existing line with a minimum credit score of 675 is required. Auto debit from a Farmers National Bank Checking account is required to receive the lowest rate, but is not required for loan approval.  Advances of credit can be obtained during the draw period of 120 months.  After the draw period, the repayment period of 240 months begins.   If the minimum payment is made and no other advances were taken, it would take 30 years to pay off a credit advance of $10,000 at an Annual Percentage Rate of 5.50%.  During that period, 120 monthly payments would be made ranging from $42.19 to $46.71.  Then 240 monthly payments ranging from $68.15 to $68.80.  After the 12-month introductory period, the APR is variable and is based upon the Prime Rate (the index) as published in the Wall Street Journal. As of December 20, 2018, the current Prime Rate is 5.50%. The variable rate can change monthly based on the Prime Rate. The rate will not vary above 20.00% APR, or applicable state law, or below 5.50% APR except during the 12-month introductory period.  As of December 20, 2018, the variable rate for Home Equity Lines of Credit ranged from Prime + 0.00% to Prime + 4.25% depending upon the credit score and LTV at time of application. A $250 Loan Origination Fee will be advanced from the line of credit at the time of closing, the Customer pays no additional closing costs up to a $250,000 loan.  Loan amounts of $250,000 or more may require title insurance. The offer is for owner-occupied, single family properties only. Investment properties and second homes are not eligible. A $60 annual fee will be assessed upon the first anniversary date of account opening and annually thereafter. A Prepayment Penalty of $400 is applied if the account is terminated within the first three years (36 months) of the Credit Agreement date. Property insurance is required, and flood insurance will also be required if the property is determined to be in a Special Flood Hazard Area. Promotion is not available on Simultaneous Closing loans. Promotion not eligible for an investment property. Offer subject to credit approval and program guidelines.  Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Consult your tax and/or legal advisor regarding the deductibility of interest and fees. Other fees and restrictions may apply. Other rates and terms are available. The Checking Account terms and conditions that apply to Farmers National Bank checking account products can be obtained by visiting a branch location or calling the Customer Support Center at 1.888.988.3276. Offer expires August 31, 2019.

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