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Citizens First Bank > Products > Personal Banking > Consumer Loans > Home Improvement and Home Equity Term Loans

Home Improvement

Personal Loans | Home Improvement and Home Equity Term Loans | Home Equity Line of Credit | Vehicle Loans

Looking to take a vacation, maybe pay-off some high-interest debt? Why not take advantage of the equity in your home with a Home Improvement or Home Equity Term Loan?

With a Citizens First fixed-rate Home Improvement or Equity Term loan, you can borrow up to 80% of the value of your home and take up to 20 years to repay the balance. And in many cases, the interest is tax deductible, so why not use the equity in your home to finance home improvements, a new car, boat, RV, or take that dream vacation.

Home Improvement & Home Equity Term Loan Details

Borrow up to 80% of the value of your home.
Competitive fixed rates with up to 240 months to repay the balance.*
Enjoy lower monthly payments and flexible terms.
Interest rate discount of 1/4% with Autopay (payment automatically deducted from a Citizens First checking or savings account).
Debt Protection is available.
Coupon book provided for convenient payment making.
In many cases, the interest is tax deductible (consult your tax advisor for more information).

Home Equity/Home Improvement Term 80% Maximum LTV

Type	Term	Rate	APR*
$1000 - $500,000	60 Months	6.720%	6.8984%

Example: A loan amount of $20,000 at 6.720% for 60 months would have a monthly payment of $393.39.

*Annual Percentage Rate. Rates are as of 12/02/2008 and are subject to change.

Home Equity/Home Improvement Term up to 80% LTV

Type	Term	Rate	APR*
$5,000 - $24,999	61 - 120 Months	7.27%	7.3670%
$25,000 - $49,999	61 - 120 Months	7.07%	7.1472%
$50,000 - $99,999	61 - 120 Months	6.97%	7.0084%
$100,000 +	61- 120 Months	6.940%	6.9592%

Example: A loan amount of $20,000 at 7.270% for 120 months would have a monthly payment of $235.01.

*Annual Percentage Rate. Rates are as of 12/02/2008 and are subject to change.