Prime Lines and Home Equity Loans

Confused about the difference between a Home Equity Credit Line (Prime Line) and a Home Equity Credit Loan? You’re not alone. The two products are similar in more than just name. For example, both options use equity in your home to finance things like home repairs and remodeling. Below are a few important differences:


Prime Line Plus
(Home Equity Line)

15 year draw

Home Equity Loan

Perfect if you want…

A revolving credit line that’s available when you need it

Credit for a one-time purchase or project


Locally underwritten for faster and more accurate decisions

Locally underwritten for faster and more accurate decisions

Interest Rate

Variable, based on prime interest rate
plus a margin

Fixed Rate with option of flex payments

(several amortization terms available)

Closing Costs

Lender paid closing costs

Low closing costs

Access to Funds

FCB Online Banking transfer to
FCB Checking Account or in-person at any 
FCB Banks location

One lump sum disbursement


Payments vary depending on the current balance and prime interest rate

Payment stays the same for the duration of the fixed term

Automatic Payments through FCB

Not Available


Available Services

Online, Mobile, Tablet, and Telephone Banking
e-statements and e-notices

Online, Mobile, Tablet, and Telephone Banking
e-statements and e-notices


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Important Information About Procedures for Opening a New Account or a Loan

The USA Patriot Act requires financial intuitions to help prevent the funding of terrorism, money laundering activities, and identity theft. Federal law requires FCB Banks and all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account or a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identification documents. Your cooperation with this process is greatly appreciated. By providing the requested forms of identification and answering these questions, you allow us to better protect you from identity theft while also meeting the requirements of the USA Patriot Act.

Contact your loan officer for more information and current rates!

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