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Innernet Direct

Home Equities

Your home represents one of the best investments you can make, one that you can borrow against in a time of need or great opportunity. Using the equity that you've accumulated, Home Equities let you borrow money against the equity in your home.

Because Home Equities are secured by your home, they offer tax advantages. Interest paid is generally tax-deductible, which could save you money compared to interest paid on other consumer loans and lines of credit. However we advise that you consult with your tax advisor regarding the deductibility of interest.

F&M Trust offers both fixed rate Home Equity Loans and variable rate Home Equity Lines of Credit depending upon your needs. They are available in loan amounts from $10,000-300,000 on single family residences, owner occupied 2-to-4 family properties, and condominiums.

Home Equity Loans  Apply Online  

Home Equity Loans are lump-sum loans with simple interest, fixed interest rates and payments over an established period of time. F&M Trust Home Equity Loans offer:

  • Terms from 5 to 15 years
  • Rate discounts on loans with payments drafted from an F&M Trust checking account
  • Rate discounts to Relationship Checking Account customers on new direct fixed rate loans
  • Payments can be made by mail, by automatic payment, through the Freedom Access Center, in person at any F&M Trust community office, or by logging into online banking or mobile banking. 

Home Equity Lines of Credit

Home Equity Lines are open-end, variable rate, revolving lines of credit that can be accessed by special check, through your checking account, and by transferring money from your line of credit to another F&M Trust account using the Freedom Access Center or online banking. Home Equity Lines of Credit are used for personal, family or household purposes and offer:

  • No annual fee
  • $200 minimum advance
  • Overdraft protection available
  • Rate discounts on loans with payments drafted from an F&M Trust checking account
  • Rate discounts to Relationship Checking Account customers on new direct fixed rate loan
  • Payments can be made by mail, by automatic payment, through the Freedom Access Center, in person at any F&M Trust community office, or by logging into online banking or mobile banking. 


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