Home

Home Equity Loans

Call Us 1.866.456.2265​​​
Personal Banking Loans and Credit Home Equity Loans
Back

​​​​​Got equity? ​Put it to work with a Home Equity Loan.1

A great choice when you want to draw on your accumulated home equity at a fixed interest rate, without refinancing.

Explore the benefits of using the equity you’ve built up in your home as collateral on a fixed amount loan that can be repaid over a fixed period of time. Use the funds to cover many financial needs, including:​


  • Home improvements

  • Dream vacation

  • Emergencies

  • Medical expenses

  • Major purchases

  • Debt consolidation

​​

FirstBank home equity loans have numerous additional benefits, including:

  • No closing costs up to $250,000

  • A competitive fixed interest rate

  • Tax-deductible interest2

  • Low monthly payments

Find out how easy it can be to have your home equity help fund your goals. Contact us at 1.866.456.2265.​

Call Us 1.866.456.2265​​​

Member FDIC. 1 Available to customers with existing FirstBank first mortgage loans or homeowners that do not have an existing lien or mortgage on the property. Certain terms and conditions apply. Lines of credit available from $20,000 to $250,000. Loan amount limit will depend on the LTV (Loan-to-Value ratio) and other criteria established by FirstBank. Applies only to single-family, owner-occupied homes. Proof of adequate property insurance coverage is required prior to closing. 2 C​onsult your tax advisor regarding the deductibility of interest. FirstBank Florida is a division of FirstBank Puerto Rico.

Member FDIC. 1 Available to customers with existing FirstBank first mortgage loans or homeowners that do not have an existing lien​ or mortgage on the property. Certain terms and conditions apply. Lines of credit available from $20,000 to $250,000. Loan amount limit will depend on the LTV (Loan-to-Value ratio) and other criteria established by FirstBank. Applies only to single-family, owner-occupied homes. Proof of adequate property insurance coverage is required prior to closing. 2 Consult your tax advisor regarding the deductibility of interest. FirstBank Florida is a division of FirstBank Puerto Rico.

​

Copyright © 2019 First BanCorp. All rights reserved.
Opening Account Notice:
Federal Law requires that all financial institutions obtain, verify, and keep records regarding the information that identifies all persons who open accounts. This means that when you open an account, we will ask for your name, address, date of birth and social security or tax identification number as well as other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. In all cases, protection of our customers’ identity and confidentiality of their information is our commitment.