Home Equity

Home Equity

Your home is a place of safety, of comfort, of memories. It can also be a source of funds for additional needs with the help of F & M Community Bank. We can help you transition the equity within your home into budget-friendly financing for a wide range of personal needs.

Whether you go with a one-time home equity loan or an anytime-available line of credit, you can rely on repayment that is in line with your unique situation — plus, a local process. Best of all, the interest you pay might even be tax deductible*!


Home Equity Loans
  • Competitive rates for several short-term or one-time needs:
  • Education expenses
  • Major life events
  • Home remodel projects
  • And much more!
  • The existing equity in your home is used as collateral backing
  • Customized terms, designed around unique needs
  • The interest paid might be tax deductible*
  • Local Southeastern Minnesota decision-making and processing for quick approvals
  • Detailed service from start to finish
  • Knowledgeable staff available to answer any questions you might have

*Consult a tax advisor.

Home Equity Lines of Credit (HELOC)
  • Competitive rates for several ongoing or seasonal needs:
  • Education expenses
  • Major life events
  • Major home improvements
  • Medical expenses
  • Emergency reserve
  • And much more!
  • The existing equity in your home is used as collateral backing
  • Customized repayment, designed around unique needs
  • Only pay interest on the part that's used
  • The interest paid might be tax deductible*
  • Funds available as needed; no need to reapply for a separate installation
  • Revolving credit – as principal is repaid, more becomes available
  • Local Southeastern Minnesota decision-making and processing for quick approvals
  • Detailed service from start to finish
  • Knowledgeable staff available to answer any questions you might have

*Consult a tax advisor.