LOANS

Home Equity Loans

First American Bank offers its American Equity Line secured by your primary residence which is designed to give you immediate cash and meet your financial needs. With your choice of First American's Priority Line, Priority Plus, Prime Line or American Equity Loan, you have a flexible line of credit to cover any financial need, and the interest payments are usually tax deductible (be sure to contact your tax advisor). If you have a First American Bank checking account and qualify for any of these American Equity Lines, there are no closing costs, annual fees or cash advance fees associated with the Line!*

PRIORITY LINE

• For amounts ranging from $5,000 - $19,999
• 90% loan-to-value
• Interest Rate of Prime + 2% with a 6% floor
• No closing costs with a First American Bank checking account
• First mortgage plus equity line may not exceed $250,000
• Minimum equity line check amount is $500
• $100 or 1.50% of unpaid balance minimum monthly payment

PRIORITY PLUS LINE

• For amounts ranging from $20,000 - $39,999
• 80% loan-to-value
• Interest Rate of Prime + 1% with a 5% floor
• No closing costs with a First American Bank checking account
• First mortgage plus equity line may not exceed $300,000
• Minimum equity line check amount is $500
• $100 or 1.50% of unpaid balance minimum monthly payment

PRIME LINE

• For amounts ranging from $40,000 - $200,000
• 80% loan-to-value
• Interest Rate of Prime
• No closing costs with a First American Bank checking account
• First mortgage plus equity line may not exceed $400,000
• Interest-only option available for loan-to-value of 75% or less
• Minimum equity line check amount is $500
• $100 or 1.50% of unpaid balance minimum monthly payment

AMERICAN EQUITY LOAN

• For amounts ranging from $5,000+
• Fixed rate loan options available with minimal closing (customer pays attorney fee, recording costs and intangible taxes)
• $100 or 1.50% of unpaid balance minimum monthly payment

Rate Example:

As of 05/01/08, the Annual Percentage Rate (APR) on First American Bank Home Equity Lines are as follows:

The maximum APR that can be reached under this plan is 18%. Rates are variable based on First American Bank's Prime Rate and a balloon payment may be due at the end of the loan term. First American Bank Prime Rate as of 05/01/08 is 5.00 %.

*Property insurance is required on all First American Bank Home Equity Lines.