Limited-Time Home Equity Special
Home Upgrades Start at 6.25% Fixed
Tackle your project list now with a fixed rate and no closing costs on qualifying home equity loans and HELOCs. FSB keeps the process Faster. Stronger. Better.®
Start Your Application
A local Iowa lender reviews every application* & gets back to you as soon as possible.
Offer ends July 31, 2026. Apply now to lock in your rate.
★★★★★
Based on 639 Google reviews
99
Years serving
Eastern Iowa
Eastern Iowa
$200K+
Donated annually
to Iowa communities
to Iowa communities
7
Branches across
Linn & Johnson County
Linn & Johnson County
The Lowest Rate Is Not Always the Cheapest Loan
Based on a $25,000 loan over 60 months, here is what you actually pay when you factor in closing costs and the FSB new account bonus.
Lowest Total Cost
Farmers State Bank
Fixed-Rate Home Equity
6.25%
Fixed-Rate*
60 Payments$29,760
Closing Costs-$400
New Checking** Bonus-$200
Total Cost$28,994
Local Credit Union
Fixed-Rate Home Equity
5.74%
Fixed-Rate
60 Payments$28,800
Closing Costs$400
New Account BonusNone
Total Cost$29,200
Local Bank
Intro-Rate Home Equity
5.49%
Intro Rate, then 7.00% variable
60 Payments$29,484
Closing CostsUp to $653
New Account BonusNone
Total CostUp to $30,137
FSB's rate is not the lowest advertised. But after closing costs and the $200** new account bonus, it is the least expensive loan of the three examples.
Lock In Your RateWhy Iowa Homeowners Choose FSB
Local decisions, no closing costs, and a team that knows Eastern Iowa.
Local Decisions
Every application is reviewed by a lender in Eastern Iowa. You get answers faster with no corporate runaround.
Predictable Payments
A fixed rate means your monthly payment stays the same for the life of your loan. No surprises, no adjustments.
Low Closing Costs
FSB is offering a $400 credit towards closing costs, so you keep more money in your pocket from day one.*
Which Home Equity Option Fits You?
Both options let you borrow against your home's value. Here's how they compare.
| Home Equity Loan | HELOC | |
|---|---|---|
| How you receive funds | Lump sum | Draw as needed |
| Interest rate | Fixed | Fixed option available |
| Reusable credit line | ✖ | ✔ |
| Max loan-to-value | 85% | 85% |
| Early payoff penalty | None | None |
| Best for | One-time large expenses | Ongoing or flexible needs |
Home Equity Loan
FundsLump sum
Interest rateFixed
Reusable credit lineNo
Max LTV85%
Early payoff penaltyNone
Best forOne-time large expenses
HELOC
FundsDraw as needed
Interest rateFixed option available
Reusable credit lineYes
Max LTV85%
Early payoff penaltyNone
Best forOngoing or flexible needs
This Is How It Works
Three steps from application to funding. No call centers, no runaround.
1
Get Started Online
Fill out a short form in just a few minutes.
2
Talk to a Local Lender
An FSB lender in Eastern Iowa will reach out to review your details and walk you through your options.
3
Access Your Funds
Once approved, your funds are available when you need them.
What Our Customers Say
Real reviews from FSB customers in Eastern Iowa.
★★★★★
Mallory was incredibly helpful and professional throughout the loan process, providing excellent knowledge and guidance.
★★★★★
I've been banking with FSB for over 20 years. I appreciate the way their employees know my name. It feels like coming home each time.
How Iowa Homeowners Use Their Equity
Your home's equity can fund the projects and goals that matter most.
Home Renovations
Kitchen refresh, new flooring, a deck, or a larger repair.
Debt Consolidation
Combine high-interest debt into one fixed monthly payment.
Education Expenses
Tuition, certifications, or training with predictable payments.
Major Purchases
Vehicles, medical costs, or other large expenses.
Your Home Has More Value Than You Think
The 6.25%* fixed rate and no closing costs are available through July 31, 2026. When you apply, a local FSB lender reviews your file and contacts you directly to ensure you understand your options. Fill out the form linked below to get started!
Offer ends July 31, 2026. No commitment required to start the process.
†All rates are subject to change without notice. FSB is not responsible for typographical errors or omissions.
*To qualify for a Home Equity Line of Credit (HELOC) at 6.25% APR or a fixed rate Home Equity Loan with a 6.801% APR, with up to $400 off closing costs; you must have a credit score of 690 or greater, a maximum loan to value ratio of 85%, payments to be auto debited from an FSB checking account and a minimum loan amount of $15,000. Loan proceeds cannot be used to refinance an existing FSB loan, unless existing loan is increased a minimum of $15,000 and written into an amortized home equity loan. The unpaid principal balance and accrued interest will be due as a balloon payment at maturity in 60 months for HELOC’s, with $100 minimum monthly payment required. All other home equity loans mature at 66 months, with a possible balloon payment. Payment does not include taxes and insurance. Proof of property insurance is required at the time of closing. An annual maintenance fee of $15 will apply to HELOC’s. Must be 18 years or older to apply. Loan subject to credit approval. Other rates, terms and payment options are available. Promotion expires on 7/31/2026. NMLS# 403565.
**To qualify for the $200 bonus, you must not currently have an FSB checking account and open a new checking account by the end of the promotion. Direct deposit and estatement enrollment required. Confirmation of a min. of 3 payroll deposits with a minimum of $500. amount required prior to receiving the bonus payment. The bonus will be deposited into your checking account within 30 calendar days of the third payroll direct deposit posting to the account. Limit one $200 bonus per household. Opening any FSB checking account qualifies. A $25-$1,000 min. deposit is required to open. Rewards Checking is interest-bearing. Earn up to 3.50% APY (Annual Percentage Yield), APY effective as of 4/2/2026. The interest rate and annual percentage yield (APY) will depend upon the daily balance in the account, as shown in the rate chart, and making 15 debit card purchases of $20 or more. All new checking accounts are subject to account approval and 1099 reporting. May not be combined with other offers. See product information for additional requirements specific to each account type. Must be 18 or older. Promotion ends 7/31/2026.
