August 16, 2023


Fidelity Bank Mortgage offers competitive rates and a wide array of loan programs. They listen to your needs and will review your current situation to offer lending options that will help you reach your goals. Fidelity Bank is a direct lender with in-house processing, underwriting and closing, which means loan decisions are made faster.

Fidelity Bank offers you a range of mortgage financing options to make your wish come true. Their competitively priced mortgages can be repaid over a period of 20 years and can be denominated in either Naira or US Dollars.

  • Home Purchase Mortgage
  • Home Improvement Mortgage
  • Home Equity Mortgage
  • Home Completion Mortgage

Home Equity Line of Credit

Access the equity in your home to use for repairs, a large purchase, education expenses or another major expense with a Home Equity Line of Credit.

  • 10 year variable rate Home Equity Line of Credit
  • Minimum line is $10,000
  • Maximum line is $250,000

All balances will accrue at the Standard Annual Percentage Rate (APR), Standard APR could range from Prime + .75% to Prime + 2.75% based on your loan amount, combined loan to value ratio, credit history and other factors. The Standard APR as of 8/15/2018 was 7.75% as indexed to the Prime Rate. The APR may vary monthly based on Prime Rate change but will not exceed the lesser of 17.9% per annum or the maximum permitted by law, or go below 3.25% per annum at any time during the term of the plan. This offer is good for all new 10 year Home Equity line applications received after 8/15/2018 and does not include refinances of existing Fidelity Home Equity Lines of Credit. Fidelity waives the closing cost on lines up to and including $250,000.00.

The APR you receive will depend on your individual circumstances and will be based on your loan amount, combined loan to value ratio, credit history and other factors, the maximum combined loan to value must be 85% or less. Borrower must have a Fidelity checking account either established with the bank or must open one when line is opened. Borrower can receive an additional .75% discount for maintaining automatic payment from an eligible Fidelity Bank checking account.

All Home Equity Lines of Credit are subject to normal credit criteria. Property insurance will be required and flood insurance is required where necessary. An early termination fee of 2% of the original line or loan amount with a maximum of $1,500 will be charged if line is terminated within three years. This offer is good for a limited time only and subject to change without notice.

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