Equity Loan Information

Home Equity Line of Credit

An American Partners Bank home equity line of credit is great way to borrow money. Secured by the equity in your home, the home equity line of credit offers convenient access to your funds with interest rates that are generally much lower that most credit cards or revolving charge accounts. Once approved, you will be provided special checks that enable you to write yourself a loan at anytime up to your prearranged credit limit. The home equity line of credit has a variable interest rate tied to the Wall Street Journal prime rate at the end of each month plus or minus an index (rate will not exceed 18%). Line amounts are available for up to 80%, 90% or even 100% of the current appraised value of your home minus the balance owed on your first mortgage (subject to credit approval). Unlike many other institutions, you pay no closing costs for an American Partners Bank home equity line of credit. There is a small annual fee but we will even waive that the first year.

The following terms and conditions apply when considering an American Partners Bank home equity line of credit:

  • Minimum loan amount is $5,000
  • Maximum loan amount is $100,000
  • Annual fee $50 – waived for the first year
  • Rates can adjust monthly based on the Wall Street Journal published prime rate at the end of each month
    Maximum loan-to-value is 100%
  • Eligible property includes owner occupied primary or secondary residence
  • Rental property is not eligible, unless a unit is owner occupied
  • Property that is for sale is not eligible
  • Houseboats and manufactured housing units are not eligible
  • Only one physical piece of property may secure the loan.

For more information please contact us at 1-877-992-4700.

Mail application to:
American Partners Bank
11595 N. Meridian Street, Suite 250
Carmel, IN 46032

Fax application to:
317-848-9400

Home Equity Loan

Home equity loans can be used for home improvements, to pay off your high interest bills, consolidate your debt, finance an education, or many other purposes. Both fixed rate loans, up to 10 years, and variable rate loans, up to 15 years are available. Secured by the equity in your home, loan amounts up to 100% of the appraised value less the balance owed on your first mortgage (subject to credit approval) are available. There are no closing costs involved and we can generally tell you if you will qualify the same day you apply; subject to property valuation and title search. Simplify your life and your finances with an American Partners Bank home equity loan.

The following terms and conditions apply when considering an American Partners Bank home equity loan:

  • Minimum loan amount is $3,000
  • Maximum loan amount is $100,000
  • Fixed monthly payments
  • Both fixed rate and variable rate loans are available
  • The maximum term for a fixed rate loan is 10 years
  • The maximum term for a variable rate loan is 15 years
    Maximum loan-to-value is 100%
  • Eligible property includes owner occupied primary or secondary residence
  • Rental property is not eligible, unless a unit is owner occupied
  • Property that is for sale is not eligible
  • Houseboats and manufactured housing units are not eligible
  • Only one physical piece of property may secure the loan.

For more information please contact us at 1-877-992-4700.

Mail application to:
American Partners Bank
11595 N. Meridian Street, Suite 250
Carmel, IN 46032

Fax application to:
317-848-9400