Our new Specialty Home Equity Loan offers flexible underwriting and affordable options to fit your needs.
Receive a $100 gift card when you complete your application*
Receive a $200 gift card after closing*
To learn more about our home equity products and services, contact a loan officer at 866.817.0237 or by filling out the form below.
*Specialty Equity Loan Program: Must be 18 years or older. The applicant(s) must be considered a Low-to-Moderate Income individual (make less than 80% of the median income of the Assessment Area) whose collateral securing the loan is located within MidFirst Bank’s Assessment Area or the collateral securing the loan must be within a Majority-Minority or Low-to-Moderate Income Census Tract in MidFirst Bank’s Assessment Area. Gift Card: Customer will receive a $100 gift card for completing an application for a Specialty Equity product and a $200 gift card for closing on a Specialty Equity product. Offer subject to change without notice and is not valid with any other promotional offer. Gift card will be mailed within 90 days of the applicable application or closing date. Limit of one gift card per household for applying and one gift card per household for closing. Value of the gift card(s) will be reported on IRS Form 1099-INT, or applicable tax form. No Closing Costs: No closing costs means MidFirst pays all closing costs, except any costs incurred by the borrower which MidFirst did not require. Specialty Home Equity Loan: The Annual Percentage Rate (APR) for the advertised product is 8.20% and the period of repayment is up to 25 years. The minimum allowable loan amount is $1,000 and the maximum is $50,000. Loan Example: The advertised APR is based on a loan amount of $25,000, a term of fifteen years, APR of 8.20%, with a minimum credit score of 640, maximum debt to income of 50%, maximum loan to value of 80%, and a monthly payment amount of $241.81. Advertised rates are subject to change without notice and at any time, may vary by location and are based on creditworthiness, loan amount and loan-to-value ratio. Property insurance required, including flood insurance, if applicable, on the property that secures the loan. Payment amounts do not include taxes and insurance premiums. Your overall payment obligations may be greater. Automatic Debit Discount: A 7.70% annual percentage rate (APR), which is a 0.50% discount, is available to customers setting up an automatic debit from their MidFirst account. In the event the automatic debit is discontinued from the customer’s MidFirst account, the undiscounted APR of 8.20% will be reinstated effective immediately upon automatic debit discontinuation.
