Home Equity Loans

The Home Equity Line of Credit 5.50% introductory APR (Annual Percentage Rate) rate is a 6-month fixed rate based on a 85% 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 720 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. lf 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 7.50%. During that period, 120 monthly payments would be made ranging from $57.53 to $63.70 in the draw period followed by 239 monthly payments of $80.56 in the repayment period and a final payment of $79.08. After the 6-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 19, 2024 the current Prime Rate is 7.50%. 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 4.00% APR except during the 6-month introductory period. As of January 1, 2025 the variable rate for Home Equity Lines of Credit ranged from Prime + 0.00% to Prime + 3.75% depending on the credit score and LTV at time of application. Customer pays no closing costs up to a $250,000 loan, except a $250 Loan Origination Fee that will be advanced to the line at the time of closing. Title insurance is required and paid for by the borrower on loans greater than $500,000. The offer is for owner-occupied, single family properties only. lnvestment 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 Hard 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. lnterest rates and program terms are subject to change without notice. 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 March 31, 2025.

Rates are subject to change. Variable rate based on The Wall Street Journal’s Prime Rate, presently 7.50%. Homeowners insurance required. Flood insurance required if applicable. Borrowers are responsible for doc stamps, intangible tax, transfer tax, and mortgage tax if applicable. Maximum APR 20%, Maximum LTV 85%. Minimum loan amount $10,000, 30-year term. A Farmers National Bank HELOC (Home Equity Line of Credit) is available as a first or second lien on owner-occupied, primary residences. Annual fee is $60 and waived the first year. Auto pay from Farmers National Bank checking or savings must be set up prior to closing to receive the lowest rate (.25% discount reflected in advertised rate). Additional terms and conditions apply. Rates accurate as of December 19, 2024.