Eastland Complex Fire Relief Loan Program

Relief Program Details

To aid in the restoration of Eastland County and the surrounding area, we are proud to offer our Eastland Complex Fire Relief Loan Program. Each of the loan options is available to anyone who has been directly affected by the fires and features low rates, extended terms, and deferred payment options.

Fast Cash Loan Option: 

For those who need immediate access to cash to help offset short-term expenses as a result of the fires.

  • Loan Amounts: Up to $10,000
  • Collateral: Unsecured
  • Interest Rate: 5% Fixed
  • Repayment: 60-Day Deferred only with 3-year P&I thereafter
  • Minimum Standards: Minimum credit score of 640 with no charge-offs or past dues within previous 12-months
  • Other: 1) Secured loan option available for those that don’t qualify for unsecured. Same terms but additional underwriting required. 2) Must have incurred direct impact from fires

Example: A $5,000 unsecured loan for 3 years at 5.00% is $149.85. 


Special Home Equity Loan, Home Equity Line of Credit, or Land Loan Option:

A great option for those who need long-term funding to help with short- and long-term financial hardships caused by the fires.

  • Loan Amounts: Up to 80% total LTV (including existing liens)
  • Collateral: First or Inferior Lien on Borrower’s homestead and/or land
  • Interest Rate: 3.5% fixed for credit score over 640 / 4.5% fixed for credit scores under 640
  • Repayment: Up to 20-year amortizations with interest-only options available on HELOC and Land Loans (5-years interest-only on HELOC and 12-months interest-only on Land Loans)
  • Minimum Standards: Subject to Bank’s normal underwriting
  • Other: Must have incurred direct impact from fires

Example: An $85,000 land loan for 20 years at 3.5% is $492.97. 


Farm Equipment Loan Option: 

Available to help replace damaged equipment and/or purchase new equipment necessary to revitalize fire-damaged properties or make farm/ranch improvements. 

  • Loan Amounts: 100% of purchase price of equipment, up to max of $100,000 cumulative
  • Collateral: First Lien on Equipment Purchased
  • Interest Rate: 4% Fixed
  • Repayment: 6-months interest-only with 7-year P&I thereafter
  • Minimum Standards: Subject to Bank’s normal underwriting
  • Other: Must have incurred direct impact from fires

Example :A $50,000 equipment loan for 7 years at 4.00% is $683.44. 


Looking to learn more? Speak with a lender today to see how we can put You First in recovery.