Life happens - from unexpected emergencies and planned projects to meaningful milestones.  A Home Equity Line of Credit from First American Bank keeps monthly payments within your budget, while flexible payment options let you focus on what matters most.  

• No application fees


• ​Up to $2,500 closing cost credit*


• Competitive rates help you get the most for your money


• Use money for major home improvements, college expenses or to pay off high-interest debt

This is a limited time offer.  Simply apply by Friday, November 1st to qualify*!  Please call or email me for more information or stop into our Lake Zurich branch and speak to a banker about this special offer. 



*Offer valid 8/16/24-11/1/24. Loan must close 1/1/25. Available only to new Home Equity Line of Credit (HELOC) customers and current HELOC customers whose loan matures within one year from the date of application. Available only on collateral properties located in (i) Illinois (excluding Kankakee County. Please see a banker for rates applicable to Kankakee County, Illinois), (ii) Indiana, (iii) Wisconsin, and (iv) Minnesota. Not available for investment properties. 70% loan-to-value (65% for condos), or less. 7.50% Fixed Annual Percentage Rate (APR) during the six-month introductory period.  Thereafter, 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 each month. Based on the 8/1/23 Prime Rate of 8.50%, the following rates would apply: 8.50% APR for HELOC $100,000 or more; 8.74% APR for HELOC $50,000 to $99,999; 9.24% APR for HELOC $25,000 to $49,999; and 9.49% APR for HELOC $5,001 to $24,999. 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 - $75 annual fee thereafter. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood hazard insurance may be required. Some restrictions may apply. An Early Cancellation Fee of 2.00% of the credit limit, or $500, whichever is less, will apply if the loan is closed within the first 36 months. An Early Cancellation Fee is not applicable in Wisconsin or when prohibited by state law. Offer is subject to normal credit qualifications. 2-Up to $2,500 in Closing Cost Credit: Third Party Fees and Charges ranging from $500 to $3,100 may be assessed for HELOCs under $250,000 at closing. If at the time of closing you set up an Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH) to make the monthly payment on your HELOC and within the first statement cycle elect electronic statements, we will pay up to $2,500 of the Third Party Fees and Charges associated with closing on your HELOC, including, but not limited to, appraisal, title, flood, credit report, stamp & tax and recording fees (Third Party Fees and Charges). If at any time during the term of your HELOC you fail to maintain the AFT or ACH or an electronic statement, you agree to repay the Third Party Fees and Charges that we previously paid which will be added to the outstanding balance of your HELOC. If at the time of closing you do not set up an AFT or ACH to make the monthly payment on your HELOC, then you agree to pay the Third Party Fees and Charges at closing. Not available for investment properties or loans that fall outside our standard product, rate, term and underwriting guidelines. Rev 8/24. Equal Housing Lender.  Member FDIC.