1 Secured by single-family, owner-occupied residential property. Credit approval and loan closure required. Income, geographic and other restrictions may apply. Additional disclosures provided at time of application. Offer subject to end without notice. One grant per year per customer; loans with joint borrowers are eligible for only one $1,000 grant, which will be paid by check and made payable to all joint borrowers. Grant available in the following markets only:
Alabama - Autauga, Bibb, Elmore, Jefferson, Limestone, Lowndes, Madison, Mobile, Montgomery and Shelby Counties
Mississippi - Copiah, DeSoto, Forrest, Hinds, Lamar, Madison, Rankin and Simpson Counties
Tennessee - Fayette and Shelby Counties
Texas - Fort Bend, Harris, Montgomery and Waller Counties
2 Home Equity Line of Credit (HELOC):
Required initial advance of $5,000.00. Minimum monthly finance charge of $0.50. If a new credit line is at least $20,000.00, but less than or equal to $250,000.00, Trustmark will waive all closing costs with the exception of any required surveys and appraisals on homes located on five (5) acres or more. Bank paid closing costs are limited to $500.00 in FL. Your credit limit will be based on the amount of lendable equity in your home. Some restrictions may apply. Trustmark may refuse this extension of credit based on other criteria. Before we approve you for a Home Equity Line of Credit (HELOC), we will review your credit report to confirm that you meet the criteria for this offer and that you have the capacity to pay. Subject to credit approval.
HELOC Custom Loan feature: Provides flexibility to lock designated advances into a fixed rate and term, while keeping available funds in the line of credit for future use. Rate and term determined at time of loan. No minimum loan amount. Maximum loan amount up to the available HELOC limit. The Custom Loan maturity must not exceed the maturity of the HELOC. The maximum number of Custom Loans within a HELOC is five. There is no fee for the Custom Loan option.
3 True Advantage Loan:
Minimum credit score of 575. Eligibility requirements apply. Secured by single-family, owner-occupied residential property. Homeowners insurance required. Subject to credit approval. Not available in Texas.
