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American Bank & Trust

A HELOC Special

Build, improve or consolidate.

3.24% APR1,2 HELOC special!

Get a Home Equity Line of Credit (HELOC) as low as 3.24% APR! (6-month introductory offer). Rate is 6.50% APR after introductory rate.

So many benefits!

  • Get access to funding you can tap into time and time again
  • Only pay interest on the total amount you’ve spent
  • Reuse funds as you repay what you've borrowed
  • Easy access to the money
  • Good choice if you want to pay off higher interest loans or credit cards!

No matter what you decide to use the equity in your home for, we are ready to assist you with a smart HELOC strategy that’s designed for your specific needs.


1 Rates are effective as of 04/21/2023. Loan to Value (LTV) must not exceed 80% of appraised equity. Available only for qualified borrowers with a credit score of 680 or higher. Other home equity products may be available for borrowers that do not qualify for this product. A loan officer will contact you if another option is available. Introductory rate valid for 6 months from date of note and converts to a fixed rate for the remainder of the term (or next 174 months). There is no annual fee. Closing costs apply. An appraisal fee may apply, if required. Property insurance is required. You should consult a tax advisor regarding the deductibility of interest charges for this product. Term of line is 180 months. Offer subject to terms and conditions set forth by the lender and may be cancelled anytime without notice. APR=Annual Percentage Rate.

Originator NMLSR ID: 631563 Origination Co. NMLSR ID: 411457
This disclosure contains important information about our 3.24% for 6mo. Fixed Rate HELOC 6.50% (the "Plan" or the "Credit Line"). You should read it carefully and keep a copy for your records.

AVAILABILITY OF TERMS. All of the terms of the Plan described herein are subject to change. If any of these terms change and you decide, as a result, not to enter into an agreement with us, you are entitled to a refund of any fees that you paid to us or anyone else in connection with your application.
SECURITY INTEREST. We will take a security interest in your home. You could lose your home if you do not meet the obligations in your agreement with us.
POSSIBLE ACTIONS. Under this Plan, we have the following rights:
Termination and Acceleration. We can terminate the Plan and require you to pay us the entire outstanding balance in one payment, and charge you certain fees, if any of the following happens:
(a) You commit fraud or make a material misrepresentation at any time in connection with the Plan. This can include, for example, a false statement about your income, assets, liabilities, or any other aspect of your financial condition.
(b) You do not meet the repayment terms of the Plan.
(c) Your action or inaction adversely affects the collateral for the Plan or our rights in the collateral. This can include, for example, failure to maintain required insurance, waste or destructive use of the dwelling, failure to pay taxes, death of all persons liable on the account, transfer of title or sale of the dwelling, creation of a senior lien on the dwelling without our permission, foreclosure by the holder of another lien or the use of funds or the dwelling for prohibited purposes.
Suspension or Reduction. In addition to any other rights we may have, we can suspend additional extensions of credit or reduce your credit limit during any period in which any of the following are in effect:
(a) The value of your dwelling declines significantly below the dwelling's appraised value for purposes of the Plan. This includes, for example, a decline such that the initial difference between the credit limit and the available equity is reduced by fifty percent and may include a smaller decline depending on the individual circumstances.
(b) We reasonably believe that you will be unable to fulfill your payment obligations under the Plan due to a material change in your financial circumstances.
(c) You are in default under any material obligation of the Plan. We consider all of your obligations to be material. Categories of material obligations include, but are not limited to, the events described above under Termination and Acceleration, obligations to pay fees and charges, obligations and limitations on the receipt of credit advances, obligations concerning maintenance or use of the dwelling or proceeds, obligations to pay and perform the terms of any other deed of trust, mortgage or lease of the dwelling, obligations to notify us and to provide documents or information to us (such as updated financial information), obligations to comply with applicable laws (such as zoning restrictions).
(d) We are precluded by government action from imposing the annual percentage rate provided for under the Plan.
(e) The priority of our security interest is adversely affected by government action to the extent that the value of the security interest is less than 120 percent of the credit limit.
(f) We have been notified by governmental authority that continued advances may constitute an unsafe and unsound business practice.
(g) The maximum annual percentage rate under the Plan is reached.
Change in Terms. We may make changes to the terms of the Plan if you agree to the change in writing at that time, if the change will unequivocally benefit you throughout the remainder of the Plan, or if the change is insignificant (such as changes relating to our data processing systems).
Fees and Charges. In order to open and maintain an account, you must pay certain fees and charges.
Lender Fees. The following fees must be paid to us:



When Charged

Processing Fee:


At Account Opening

Late Charge. Your payment will be late if it is not received by us within 10 days after the "Payment Due Date" shown on your periodic statement. If your payment is late we may charge you 5.000% of the unpaid amount of the payment or $15.00, whichever is less.
Third Party Fees. You must pay certain fees to third parties such as appraisers, credit reporting firms, and government agencies. These third party fees generally total between $500.00 and $1,128.00. We estimate the breakdown of these as follows:



When Charged

Title Search Fee:

75.00 TO 200.00

At Account Opening

Recording Fee:

43.00 TO 200.00

At Account Opening

Appraisal Fee:

165.00 TO 500.00

At Account Opening

Flood Zone Determination Fee:


At Account Opening

Credit Report:

9.00 TO 20.00

At Account Opening

PROPERTY INSURANCE. You must carry insurance on the property that secures the Plan.
MINIMUM PAYMENT REQUIREMENTS. You can obtain advances of credit during the following period: FIVE (5) YEARS (the "Draw Period"). After the Draw Period ends, the repayment period will begin. You will no longer be able to obtain credit advances. The length of the repayment period is as follows: TEN (10) YEARS. Your Regular Payment will be based on a percentage of your outstanding balance as shown below or $100.00, whichever is greater ("First Payment Stream"). Your payments will be due monthly.

Range of Balances

Maximum Number of Payments

Regular Payment Calculation

All Balances


1.000% of your outstanding balance.

Your "Minimum Payment" will be the Regular Payment, plus any amount past due and all other charges. After completion of the First Payment Stream, your Regular Payment will be based on an amortization of your balance at the start of this payment period as shown below ("Second Payment Stream"). Your payments will be due monthly.

Range of Balances

Number of Payments

Amortization Period

All Balances


120 Payments

Your "Minimum Payment" will be the Regular Payment, plus any amount past due and all other charges. In any event, if your Credit Line balance falls below $100.00, you agree to pay your balance in full.
MINIMUM PAYMENT EXAMPLE. If you made only the minimum payment and took no other credit advances, it would take 15 years to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 6.500%. During that period, you would make 60 monthly payments of $100.00. Then you would make 120 monthly payments ranging from $76.79 to $77.13.
TRANSACTION REQUIREMENTS. The following transaction limitations will apply to the use of your Credit Line: Credit Line HELOC Check, Telephone Request, Request By Mail, In Person Request and Online Limitations. There are no transaction limitations for the writing of HELOC Checks, requesting an advance by telephone, requesting an advance by mail, requesting an advance in person or accessing by other methods.
TAX DEDUCTIBILITY. You should consult a tax advisor regarding the deductibility of interest and charges for the Plan.
ADDITIONAL HOME EQUITY PROGRAMS. Please ask us about our other available Home Equity Line of Credit plans.
ANNUAL PERCENTAGE RATE INFORMATION. The ANNUAL PERCENTAGE RATE under the Plan is not based on an Index. It is based upon a fixed rate, which will be specified either at the time you receive a loan commitment or at the loan closing, and will be based upon the market conditions at that time. An ANNUAL PERCENTAGE RATE of 6.500% percentage points is representative of a fixed rate recently offered by us under the Plan. The ANNUAL PERCENTAGE RATE does not include costs other than interest. Please ask us for the current annual percentage rate under the Plan.
PREPAYMENT. You may prepay all or any amount owing under the Plan at any time without penalty.