Home Equity Line of Credit Farmers State Bank

Life doesn’t always follow a straight path, which is why flexibility matters. A Home Equity Line of Credit (HELOC) from Farmers State Bank in Colorado allows you to borrow against the equity in your home as you need it, not all at once. With a five-year revolving line of credit, your funds replenish as you repay, giving you ongoing access to money for planned projects or unexpected expenses.

At Farmers State Bank, our HELOCs are backed by competitive rates, affordable repayment options, and local decision-making you can trust. Whether you’re renovating your home or need a line of credit with funds readily available, a HELOC gives you the breathing room to move forward with confidence.

What Is a Home Equity Line of Credit?

A Home Equity Line of Credit (HELOC) is a revolving line of credit that uses the equity you’ve built in your home as collateral. Unlike a traditional loan, where you receive a lump sum, a HELOC functions more like a credit card: you borrow what you need, when you need it, and as you repay, the credit becomes available again. This flexibility makes it one of the most versatile lending options for homeowners.

Benefits of an FSB HELOC

Competitive interest rates for a wide range of needs.
Revolving credit – borrow, repay, and borrow again without reapplying.
Direct, anytime access to funds.
Only pay interest on the portion you actually use.
Affordable and flexible repayment terms.
Local decision-making, approvals, and service from a team that understands Colorado.

Popular Uses for HELOCs

A HELOC is designed to fit a variety of financial needs. Some of the most common uses include:

Home improvements or renovations – Upgrade your kitchen, add a new deck, or make energy-efficient updates.
Real Estate Investment – Use your equity to provide cash to invest in other real estate properties such as a second home or rental property.
Education expenses – Cover tuition or school-related costs.
Major purchases – From appliances to emergency repairs, use your HELOC to bridge the gap.

The Loan Officers at Farmers State Bank

Employee Name	NMLS ID	Work Location	Contact
Lindsey Lawson - Preisser	873899	1500 8th St Calhan CO 80808
Scott Lutz	543634	1500 8th St Calhan CO 80808
Leo Prosser	2534634	1500 8th St Calhan CO 80808	Email: lprosser@yourfsb.com Phone: (719) 347-2727
Sara Strouse	2062662	434 Comanche St. Kiowa, CO 80117
Bret Swennes	554092	7025 Old Meridian Rd Falcon CO 80831
April Drew	2569373	445 N. Ellicott Hwy Calhan, CO 80808

Getting Started

To apply for a HELOC, you’ll need to provide:

A recent paystub
The last 2 years of W2 Statements or 2 years of tax returns if self employed

Download a Printable Application (PDF)

Or stop by your nearest Farmers State Bank branch in Calhan, Ellicott, Falcon, or Kiowa to meet with a loan officer in person.

HELOC FAQs

How is a HELOC different from a home equity loan?

A home equity loan provides a lump sum upfront with fixed payments, while a HELOC is a revolving line of credit you can use and repay as needed.

Do I have to use all the funds at once?

No. You only borrow what you need, and you’ll only pay interest on the amount you actually use.

How long can I borrow with a HELOC?

Farmers State Bank offers a five-year fixed rate HELOC, with monthly interest only payments.

Will my interest rate change over time?

At Farmers State Bank, our HELOCs are a 5 year loan with a fixed interest rate, so you do not need to worry about your rate adjusting.

Can I use a HELOC for multiple purposes?

Yes. Many homeowners use a HELOC for a mix of projects and expenses – from renovations to investments to handling unexpected costs.

Why Choose Farmers State Bank?

For over 100 years, Farmers State Bank has been helping families across Colorado reach their financial goals. Whether you are in the Front Range, in Pueblo, or across Eastern Colorado, we’re happy to help you with your HELOC. As a fourth-generation, family-owned bank, we understand that your financial needs aren’t one-size-fits-all. That’s why we provide flexible lending solutions with personal service and local decision-making at every step.

With a Home Equity Line of Credit from FSB, you’ll get more than a loan. You’ll get a trusted financial partner who knows the community, values relationships, and is committed to helping you make the most of your home’s equity.

Home Equity Line of Credit (HELOC) in Colorado