Consumer Loans

Lines Of Credit

Loan Term
120 months
Effective Date
Line Amount
$5,001 To $24,999
Annual Percentage Rate
Terms and Conditions
The Annual Percentage Rate (APR) is a variable rate based on the highest Prime Rate published in the Money Rates section of The Wall Street Journal on the first business day of the month. Rates subject to change at any time. The maximum APR is 18%. Monthly payments of interest only will result in a balloon payment. No annual fee for the first year - $50 annual fee thereafter. Costs to satisfy certain prior liens may be assessed. Property insurance is required; flood hazard insurance may be required. Third-party fees and charges ranging from $350 to $380 may be assessed at closing. If you set up an Automatic Funds Transfer ("AFT") or Automated Clearing House ("ACH") at closing to make the monthly payment, First American Bank will pay third-party fees and charges at closing. In the event that you fail to maintain the AFT or ACH payment requirement for the term of the loan, the loan will be assessed a one time fee of $400. Subject to credit approval.
Equal Housing Lender
Member FDIC