Most Homeowners Leave Home Equity on the Table. Our FlexFirst HELOC™ Changes That.
FNBA’s FlexFirst HELOC™ automatically puts your income to work against your mortgage balance every day — so you build equity faster, pay less interest and always have access to the funds you need.
FlexFirst HELOC™
A First Lien Home Equity Line of Credit That Puts Your Equity to Work – Every Day.
With a traditional mortgage, you make your payment every month and wait — slowly chipping away at your balance over decades. The FlexFirst HELOC™ works differently — it replaces your traditional mortgage and integrates directly with an FNBA checking account, so every dollar of extra income you earn automatically reduces your outstanding balance. The result is a home loan that responds to your financial life in real time, not on a fixed schedule set years ago.
How It Works
One Account. Zero Wasted Potential.
The FlexFirst HELOC combines your primary home loan and a revolving home equity line of credit into a single, intelligent account — built around an automatic sweep feature that other lenders simply don’t offer.
Here’s how it works:
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- Your income goes in. Direct deposit your paycheck into your linked FNBA checking account.
- Your balance goes down. At the end of each day, any funds remaining in the checking account after expenses are automatically swept to reduce your HELOC balance — cutting the principal you’re paying interest on.
- Your equity stays accessible. Need to cover an expense? Your available credit line is there. Spend from it, and your next deposit sweeps it back down.
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The result: your mortgage balance drops faster than it ever could with fixed monthly payments alone, and you only pay interest on what you actually owe — day by day.
Watch a short video to see how the sweep feature works ⇒
FlexFirst HELOC™ Calculator:
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Key Benefits: Why People Choose the FlexFirst HELOC
Accelerated Mortgage Payoff
When your income exceeds your expenses, the sweep feature puts the surplus directly to work on your loan balance daily – not once a month – which means the right financial habits can shave years off your term and save you thousands in interest.
One Account That Does Everything
Spend from it. Borrow from it. Pay your mortgage through it. The FlexFirst HELOC consolidates your daily cash management and your home loan into a single account — so your money is always moving in the right direction.
Ongoing Access to Home Equity
With a 10-year draw period on primary residences (5 years on investment properties and mobile homes), you can borrow, repay and borrow again – up to your available credit limit. Use it for home improvements, emergency expenses, debt consolidation and more.
Interest Paid Only on Your Actual Balance
Because your balance can fluctuate daily based on your cash flow vs a fixed amortization schedule – you only pay interest on what you owe at the end of each day. That’s a fundamental advantage over a traditional mortgage.
Is the FlexFirst HELOC™ Right for You?
The FlexFirst HELOC isn’t designed for every borrower. It’s built for homeowners who are ready to be intentional about their mortgage. It tends to work best when:
Your household brings in more than it spends each month
You want to pay off your home ahead of schedule
You're carrying higher-interest debt you'd like to consolidate into a single payment
You want ongoing access to your home equity without taking out a separate loan
You value flexibility and financial control over a rigid, fixed payment structure
With over 65 years of mortgage lending experience, FNBA understands that no two borrowers are alike. Our team will work with you to determine whether the FlexFirst HELOC is the right fit – and what to expect if it is.
What Can You Do With Your Home Equity?
The FlexFirst HELOC gives you a 10-year draw period on primary residences or 5 years on investment properties and mobile homes – to access your available equity whenever you need it. During that time, you make interest-only and escrow payments, keeping your monthly obligation manageable while your equity stays within reach.
Borrowers commonly use their FlexFirst HELOC to:
- Fund home renovations that increase property value and livability
- Consolidate higher-interest debt into a single, lower-rate payment
- Cover major expenses without dipping into savings or liquidating investments
- Access working capital for business needs or investment opportunities
- Purchase investment properties by drawing equity from their primary residence
After the draw period, the FlexFirst HELOC transitions into a 10, 15 or 20-year (based on property type), fully amortizing repayment phase – with standard principal, interest and escrow payments – similar to a conventional mortgage.
Frequently asked questions
What is a FlexFirst HELOC?
A FlexFirst HELOC is a Home Equity Line of Credit (HELOC) that replaces your primary mortgage and includes an integrated checking account with an automatic “sweep” feature. The sweep function automatically moves your income from the checking account to pay down the HELOC balance, which can help you pay off your home faster and significantly reduce the total interest paid.
Is the Interest rate fixed or variable?
This is a variable rate loan which fluctuates based on market conditions and is based off of the 30 day monthly average SOFR rate.
How does the 'sweep' portion of the HELOC work?
When you set up income or deposits to go directly into the checking account linked to your FlexFirst HELOC sweep, any funds remaining in the account at the end of each day, are “swept” out and applied to your loan resulting in a zero dollar balance in the checking account each day. If you need to make a purchase or pay a bill, simply use the debit card or checks associated with your account, and a ‘sweep’ from the HELOC portion of your loan into your checking will happen automatically to cover the expenses. This will add/increase your loan balance, but because your regular income is continuously being swept to pay it down, the balance can stay lower overall. Watch a short video to see how it works.
How does my monthly cash-flow speed up the payoff of the house?
If you deposit all your income into the checking account tied to your FlexFirst HELOC, any income remaining after expenses will be used to pay down your principal balance on the HELOC. Essentially the difference between the amount of money the household takes in and the amount that the household spends will be applied to the principal balance after interest. So, the greater the surplus, the faster the payoff, and the lower the surplus, the slower the payoff.
Can I use the funds available on my FlexFirst HELOC for Real Estate Investments?
Yes, you can use your FlexFirst HELOC on your primary residence to purchase other real estate, such as an investment or rental property. You can draw from the HELOC to fund a down payment and closing costs on a new property. This allows you to leverage the value in your current home without liquidating other savings. If you have enough available credit, you can potentially purchase a less expensive investment property outright with the HELOC funds.
How is the FlexFirst HELOC structured?
The FlexFirst HELOC consists of two phases:
1. a draw period (10 years for primary residences or 5 years for investment properties) consisting of escrow and interest only payments that allow you to borrow funds from your home’s equity, repay the principal balance and borrow again up to the available credit limit as needed.
2. a repayment period (20 years) where you are expected to make principal, interest and escrow payments without further access to your home’s equity.
Check out more Frequently Asked Questions.
Disclaimer:
The information on this website is provided for general informational purposes only and does not constitute personalized financial, investment, or legal advice. FNBA does not guarantee the accuracy, completeness, or timeliness of the information presented, and actual results may vary.
The suitability of any product or service for your individual financial situation is solely your responsibility. We recommend consulting a qualified financial advisor before making any financial decisions. By using this website, you agree that FNBA is not responsible or liable for any actions you take or decisions you make based on the information provided or from obtaining our products or services.
All products and services are subject to credit approval and applicable terms and conditions, and may be modified or withdrawn at any time without notice.
Funds Availability
Depending on when your deposit is received, there may be a delay in funds posting to your HELOC account and transferring to your Home Equity Line of Credit. Cut-off times, weekends, and holidays may affect availability. Please see the Funds Availability Policy Disclosure for full details.