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Home Equity Loans

First Equity Line of Credit

  • Competitive variable rates 
  • Easy access to your available funds
  • Convenient revolving line of credit - draw or replace funds at your convenience
  • Interest paid may be tax deductible (consult your tax advisor)

Home Equity Installment Loan

  • Competitive rates
  • Borrow a fixed amount with fixed monthly payments of principal and interest
  • Long term fixed rates available
  • Interest paid may be tax deductible (consult your tax advisor)


To have a Consumer Loan Application mailed to you, call a First Phone Banking Consultant at 1-800-564-3195 or visit one of our branches.

Ready to get started? Check out our Mortgage Center for rates, online applications, resources, FAQ and more!

First National Bank Mortgage Center

The primary market area for First National Bank is Mid-Coast and Downeast Maine; therefore, we will not accept applications outside the State of Maine.


** Valid on owner-occupied 1-4 family residential properties with marketable title in the State of Maine. Subject to credit approval. Property and hazard insurance are required and are the responsibility of the borrower. Maximum Loan-To-Value ratio is 80%. Single-wide mobile homes are not eligible; double-wide mobile homes are eligible only if permanently attached to a foundation. APR accurate as of April 15, 2019 and subject to change without notice. Other terms, rates and loan amounts are available. Not available for purchase transactions. Borrower is responsible for closing costs including but not limited to title update, property valuation, flood determination, government recording fees and document preparation fees for home equity lines of credit above $250,000. The 3.99% home equity line of credit introductory rate is fixed for twelve (12) months, after which time it reverts to the Prime Rate of Interest as published in the Wall Street Journal plus a margin of 0%, presently 5.50%. After the introductory period the rate of interest is variable, with a maximum rate of interest of 18.00%. Applicants with an existing home equity line of credit at First National Bank must increase the line by at least $15,000.00 to be eligible for this offer. *Must apply by June 30, 2019 to receive introductory rate.

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