You love living in your house, but did you know it's good for more than just that? You can use the equity you have built up in your home for just about any purpose, from financing your child's education to taking that dream vacation. For ongoing needs, we also offer a home equity line of credit (HELOC).

Details
  • Competitive rates for several short-term or one-time needs:
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible*
  • Local decision-making and processing
  • Attentive, friendly service from start to finish
HELOC

When you have financing needs for an ongoing project or event, a home equity line of credit (HELOC) is an affordable and hassle-free way to get funding.

  • Competitive rates for several ongoing or seasonal needs:
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available by mail or via in-person, online, or phone transfers to a specified F&M checking account
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing
  • Attentive, friendly service from start to finish

*Consult a tax advisor.