Consumer Loans at Founders Bank & Trust

Consumer Lending

We offer a wide variety of personal lending products to fit your needs. Interest rates for these personal loans are determined by the term of the loan, the collateral and your credit score. A Grand Rapids based Founders Bank & Trust loan officer will be happy to discuss your individualized needs with you to determine the best loan options available to you.

Consumer Loans include:

  • Home Equity & Home Equity line-of-credit
  • Auto Loans - New and Used
  • Motorcycle, Recreational Vehicle or Boat Loans
  • Overdraft Protection line-of-credit

Personal Financial Statement Personal Financial Statement

Meet our Consumer Lending Team


We want to be your bank of choice.

For additional information about our personal lending products, services and current rates, please complete a Contact Us form to have a member of our lending team answer your questions.
Use our Financial Calculators to determine what your monthly payment would be.



Customers that have fixed-rate loan payments automatically deducted from a Founders Bank & Trust checking or savings account may be eligible for a 0.25% rate discount.

Home Equity Line of Credit

This line of credit is secured by the equity in your home and can be used for a variety of purposes, but allows you additional flexibility in accessing your funds. You have the freedom to draw upon the line of credit as needed and pay only the accrued interest on the monthly balance. You make principal reduction payments at your discretion.

Benefits:

  • 10 year draw period
  • Both variable and fixed interest options
  • May borrow up to 80% of the home’s value
  • Tax deductible interest

Requirements:

  • Borrow against the equity in your home
  • A 120 month draw period applies to this loan in which interest only payments are required

To schedule an appointment with a member of our lending team, you may complete a Contact Us form or call us at (616) 956-9030.

Home Equity Term Loan

Like a home equity line of credit, this term loan is secured by the equity in your home and can be used for a variety of purposes.

Benefits:

  • Disbursed in a single advance
  • May borrow up to 80% of the home’s value
  • Tax deductible interest *

Requirements:

  • Fixed rate, closed-end
  • A maximum repayment term of 120 months
  • Maximum amortization of 240 month
*This may not be possible in every circumstance, consult your tax advisor for details.
To schedule an appointment with a member of our lending team, you may complete a Contact Us form
or call us at (616) 956-9030.

Bridge Loans

Sometimes our customers find themselves making mortgage payments for both their current residence and a newly purchased home. This is where Bridge Loans come in very handy.

A bridge loan is a short-term mortgage used to bridge the timing gap between the purchase of your new home and the sale of your current residence. It helps to ease the burden of additional mortgage payments by allowing you to make interest-only payments.

To schedule an appointment with a member of our lending team, you may complete a Contact Us form or call us at (616) 956-9030.

Intranet | Outlook | Copyright 2007 Founders Bank & Trust - Grand Rapids, MI – Questions or comments, please Contact us at (616) 956-9030.