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Find a home loan that can help you achieve your next goal.

Home improvement loan

Home equity line of credit

Home equity loan

Intended use

Home improvements

Your choice

Your choice

Interest rate

Fixed

Variable

Fixed

Time to receive funds

Typically by next dayD

Average of 35 daysD

Average of 35 daysD

Collateral required

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Secured by 1st or 2nd deed of trust

Secured by 2nd deed of trust

Terms

Up to 84 monthsD

25-year term: 10-year draw period and 15-year repayment period

Up to 15-year fixed rate termD

Repayment options

Principal + interest

Interest only or principal + interest

Principal + interest

Closing costs and origination fees required

$100 origination fee

Closing costs and no origination fee

Closing costs and 0.75% origination fee

Continuous access to funds

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Tax deductible interestD

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Learn more about home improvement loans
Learn more about a home equity line of credit
Learn more about home equity loans
Insights

A few financial insights for your life

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Normal credit approval applies.

One home improvement loan per customer.

Some restrictions apply.

Terms and conditions subject to change.

Account openings and credit are subject to bank approval.

First Citizens checking account is recommended. Property insurance is required. Title insurance and flood insurance may be required.

Consult your tax advisor regarding the deductibility of interest.

Annual Percentage Rate (APR) 6.89% as of April 24, 2024, to qualifying applicants for a fixed-rate home equity loan amortized over 60 months. APR is based upon a rate of 6.57%, an origination fee of 0.75%, closing costs of $150 and a loan-to-value up to 85%.

For example: A home equity loan with an amount financed of $100,000 at a 6.57% fixed rate and including a 0.75% origination fee and $150 in closing costs would have an APR of 6.89% and you would make 60 payments of $1,960 and pay total interest of $17,594.

For example: A home improvement loan with an amount financed of $50,000 at a {product.HIL.DISC_INIT_PF_RT} fixed rate and including a $100 origination fee would have an APR of {product.HIL.Promo_APR_RT} and you would make 36 payments of {product.HIL.DISC_PMT_RANGE1_DL} and pay total interest of {product.HIL.DISC_TTL_INT_DL}. Current APRs range from {product.HIL.DISC_CURRENT_APR_RANGE_MIN_RT} to {product.HIL.DISC_CURRENT_APR_RANGE_MAX_RT} APR. Loans are available in the amounts of $10,000 to $75,000. Terms lengths of up to 84 months available.

Disbursement of loan funds requires an approved application, signed loan agreement and customer's funding preference. Funding should generally be completed on the same day or next business day once the application is taken. Approval process may take longer if additional documents are needed. Availability of funds may take longer if funds are deposited into an account at another financial institution.

Disbursement of funds based on open date for the loan and follows all approvals and required documentation.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.

NMLSR ID 503941