Turn Your Home Equity Into Financial Flexibility.
Whether you’re doing home improvements or looking for creative ways to pay off your mortgage faster, FNBA’s FlexFirst HELOC™ gives you a flexible way to fund your project and keep your money working for you.
FlexFirst HELOC™: A First Lien Home Equity Line of Credit
Put Your Equity to Work – Every Day
With a traditional mortgage, your balance decreases based on a fixed monthly payment schedule – slowly chipping away at your balance over decades. The FlexFirst HELOC™ works differently, connecting your home financing to your everyday cash flow. 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.
Finance home improvements. Access funds when you need them. Potentially decrease the amount of interest paid over time and pay your home off faster.
One Account, Zero Wasted Potential
How the FlexFirst HELOC™ Works
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.
1
Your money goes in.
Deposit your paycheck or any funds you receive into your linked FNBA checking account.
2
Your balance goes down.
At the end of each day, funds remaining in the checking account after expenses are paid are automatically swept to reduce your HELOC balance – potentially reducing the principal you’re paying interest on.
3
Your equity stays accessible.
Need to cover an expense? Simply use the debit card attached to HELOC. While you have access to the HELOC – spend, pay bills, deposit funds just like you would in a normal checking account.
When your income exceeds your expenses, the FlexFirst HELOC™ puts the excess to work against your outstanding balance, helping you reduce your principal and potentially pay less interest over time.
See FlexFirst HELOC™ in action.
Watch a short video to see how the sweep feature works.
Key Benefits
Why Homeowners Choose the FlexFirst HELOC™
Fund Home Improvements
Draw from your available credit line as contractors, materials and project milestones require it. Borrowing only what you need rather than taking a large lump-sum loan upfront.
Access Your Equity When You Need It
A first-lien HELOC acts like a giant credit line. As you pay down the principal, your available credit expands, allowing you to borrow, repay and borrow again – all without reapplying.
Pay off Your Mortgage Faster
Deposits into your linked checking account can help reduce your balance daily, through the sweep feature – potentially lowering the amount that accrues interest and shortening your time to pay off.
Your Equity, Your Choice
Fund the Projects and Priorities That Matter Most
From home renovations and energy-efficient upgrades to debt consolidation and investment opportunities, the FlexFirst HELOC™ gives you flexible access to the equity you’ve built. Put your equity to work on today’s projects while keeping financial flexibility for whatever comes next.
Borrowers commonly use the FlexFirst HELOC™ to:
Kitchen Renovations: Create the kitchen you’ve always wanted & access funds as expenses arise
Bathroom Remodels: Upgrade features, usefulness, and potentially increase your resale value
Energy Efficiency Upgrades: Replace windows or roofing, add insulation, solar or HVAC improvements that can help reduce monthly utility costs
Consolidate Debt: Pay off high-interest rate debt into a single, lower-rate and payment
Access Equity: Cover unexpected life expenses, have funds for working capital – all without dipping into savings or liquidating investments
See What a FlexFirst HELOC™ Could Mean For Your Mortgage
Enter a few details to estimate your potential payoff timesline and interest savings. See how your everyday cash flow could impact your outstanding mortgage balance.
Make Your Next Move With the FlexFirst HELOC™
Learn More
Frequently Asked Questions
What is a FlexFirst HELOC™?
A FlexFirst HELOC™ is a first-lien home equity line of credit (HELOC) that replaces your primary mortgage. It includes an integrated checking account with an automatic “sweep” feature that applies your deposits to your loan balance every day. If you consistently bring in more than you spend, this can help you pay off your home faster and reduce the total interest you pay over the life of the loan.
Is the interest rate fixed or variable?
Variable. Your rate is based on the 30-Day Average SOFR (Secured Overnight Financing Rate), so it can rise or fall with market conditions.
How does the sweep work?
When your paycheck and other deposits go into your linked checking account, any money left at the end of each day is automatically “swept” out and applied to your loan. Your checking account resets to a $0 balance daily.
If you need to pay a bill or make a purchase, you can use your debit card or checks associated with your account. The sweep automatically draws from your available HELOC credit to cover it. That adds to your loan balance, but because your income keeps flowing back in, your balance can stay lower overall. Watch a short video to see how it works.
How does my cash flow help me pay off my home faster?
It comes down to what’s left over. When all your income goes into your linked checking account, the difference between what your household earns and what it spends goes toward your principal after interest. A bigger surplus means a faster payoff. A smaller surplus means a slower one. If you spend more than you bring in, your balance will increase.
How is the FlexFirst HELOC™ structured?
The FlexFirst HELOC™ has two phases:
Draw period: You’re responsible for escrow and interest-only payments and can draw, repay, and draw again up to your available credit limit.
Repayment period: Your loan shifts to a fully amortized repayment schedule with principal, interest, and escrow payments due monthly, and the line is no longer available to draw from.
Check out more Frequently Asked Questions here.
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.