Home Equity Lines

Flexibility & Freedom to do the Things that Need Doing

Estimate Your Payment   ➤

A Home Equity Line of Credit gives you access to money that you might need to handle a series of on-going expenses. From remodeling your home to paying for college, the money is there when you need it. Once approved, the Equity Line of Credit from Paint_RollersFirst Northern is set up so you can write checks when you need it.

A First Northern Financial Services Advisor will cover all the details with you from start to finish.

With a Home Equity Line of Credit you receive:

  • Up to 85% of your home’s appraised value (minus any outstanding balances owed)
  • An account from which you can withdraw only when you need it
  • Payments don’t begin until you actually use the money
  • Only repay the portion of the loan (plus interest) you use
  • If the purpose of your home equity line of credit advance is for substantial home improvements or to purchase your primary residence, interest payments may be tax deductible*

To get the application process started or to receive more information just stop in at the nearest First Northern branch and discuss the Home Equity Line of Credit program with a Financial Services Advisor.

Feel free to Contact Us with any questions and we’ll be happy to provide the answers you need.

*As with any financial transaction with tax implications, we encourage you to consult with a Tax professional to receive the most current information.

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Refinance and Save

Home Equity Lines

Borrow up to 85% of your home's equity
Line of Credit (variable) 4.25% APR*
Estimate Your Payments   ➤


Home Access Lines

Borrow up to 100% of your home's equity
Line of Credit (variable) 7.00% APR*



*APR = Annual Percentage Rate. Home Equity and Access Lines of Credit have variable rates. Loans and Lines of Credit are subject to credit approval. Rates are subject to Lender’s credit criteria, certain conditions, and restrictions. Rates are subject to change. The variable Line of Credit rate is set at the time of your loan (your initial rate) and adjusted each January and July 1st based on the Prime Rate as published in The Wall Street Journal, plus a margin as low as -.50% on Home Equity Lines of Credit (your margin may differ based on your qualifications, and as low as 2.00% for Home Access Lines of Credit (your margin may differ based on your qualifications). Your margin may vary based on your credit qualifications. As of 10/31/19 the Prime Rate was 4.75% APR. The current Home Equity and Home Access line of credit rates listed above are floor rates and are higher than the index plus margin.