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Unlock the Power of Your Home with Our Home Equity Line of Credit!


Introducing F&M Bank’s Home Equity Line of Credit – Your Key to Financial Freedom!

Are you dreaming of a home renovation, planning your dream vacation, or facing unexpected expenses? Your home is more than just a place to live; it's a valuable asset that can open doors to new opportunities. With our exclusive Home Equity Line of Credit, you can turn those dreams into reality.

Why Choose F&M’s HELOC?

  • Introductory Rate2: Enjoy a limited-time special introductory rate that puts more money back in your pocket. Benefit from lower initial interest rates to kickstart your financial journey.
  • No Annual Fee
  • Flexible Access to Funds: Access the equity in your home when you need it most. Use the funds for home improvements, debt consolidation, education expenses, or any other financial goal you have in mind.
  • No Closing Costs5 on loans up to $250,000: We believe in transparency. Qualifying loans enjoy the advantage of no closing costs, making your financial journey even more affordable and accessible.
  • Expert Guidance: Our dedicated team of financial experts is here to guide you through every step of the process. From application to approval, we ensure a seamless experience tailored to your unique needs.

Build Wealth with Your Home's Equity!

Your home's equity is a valuable resource that can work for you. Whether you're looking to consolidate debt, invest in your future, or seize new opportunities, F&M’s HELOC is the smart choice.

Ready to take the next step? Complete the HELOC Inquiry form below or contact our friendly team today and discover how our Home Equity Line of Credit can empower your financial goals.

Unlock the potential of your home with F&M Bank – Where Dreams Begin and Prosperity Grows!

Home Equity Line of Credit Rates

Rates Effective 03/01/2024

Introductory Rate: 5.50% for 3 months. Then, 8.50% - 8.75%2
CLTV Intro APR1 (3 months) Standard Variable APR1
≤ 80% 5.50% 8.50%
≤ 89.99%3 5.50% 8.75%
Other Available HELOC Rates
CLTV Intro APR Standard Variable APR1
≤ 89.99%3 N/A 9.50% - 11.25%4



By Clicking Submit you agree that you are providing express written consent to be contacted by F&M Bank and its employees (together, “F&M Bank”) by email or at any of the telephone number(s) provided above by using an automatic telephone dialing system or an artificial or prerecorded voice or via text/SMS message, even if any of the telephone number(s) is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You also expressly agree that F&M Bank may contact you by email, or at any of the telephone number(s) provided even if you have registered such number(s) on a federal, state, or corporate “do not call” registry or have requested to be placed on an internal “do not call” list. You are not required to provide this consent as a condition of purchasing or receiving any property, goods, or services from F&M Bank. As an alternative, you may call F&M Bank directly at 800-645-4199.

F&M Bank’s Home Equity Lines of Credit are variable-rate, interest-only payment loans with a 10-year draw period that requires a balloon payment of the outstanding amount at the maturity of the loan. This offer is available on primary and secondary single-family residences, or owner-occupied condominiums located in TN and KY. Subject to credit approval. This is not a commitment to lend; and is subject to change without notice.

1 APR = Annual Percentage Rate. The rates stated are available on approved credit. Rates may be different as determined by the credit qualification factors such as credit score, debt to income, and CLTV. Not all applicants will qualify for the lowest rate.

2 Variable Introductory Rate: The variable introductory rate of 5.50% APR applies for the first three (3) months. Following the introductory period, the APR may vary daily, based on the then-current Prime Rate, as published in the Wall Street Journal (currently 8.50% APR), plus a margin of 0%, with CLTV ≤ 80%, or 0.25% with CLTV ≤ 89.99%. Your APR will not exceed 21.000% or go below 4.25% at any time during the term of the loan. Introductory rates available for new accounts only. 

3 CLTV percentages apply to first and second mortgages. Lesser CLTV percentages may apply on properties valued $750,000 and above.

4 The APR may range from equal to Prime, Prime plus 0.25%, Prime plus 1.00%, and Prime plus 2.75% depending on credit qualification factors such as credit score, debt to income, and CLTV.

No closing costs on non-purchase transactions with loans up to $250,000. Title and recording fees on purchase money transactions will be paid by the customer regardless of loan amount. This applies to both 1st mortgage and 2nd mortgage simultaneous transactions. 

You must pay certain fees to third parties, such as appraisers, credit reporting firms, and government agencies. Fees can range from $250.00 to $18,375.00. The maximum loan amount is $2,000,000.00. Appraisal fees paid by customer on transactions > $400,000 or when non-traditional 1-4 family residences are used as collateral. Title and recording fees paid by customer on all loan transactions > $250,000 and on purchase money transactions. Hazard insurance is required and if applicable flood insurance will be required. Ineligible properties include non-owner occupied and mobile home 1-4 family residences.

If your Home Equity Line of Credit is closed within 2 years (24 months) of the initial origination date, your will be required to pay third-party closing costs paid by F&M Bank.

Consult a tax advisor for deductibility for interest. Terms shown here are subject to change without notice.

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