Fixed Home Equity Loans
Home Equity Loan Rules
- Owner-occupied residential properties.
- Loans up to 80% of the property value (less first mortgage).
- Loan amounts limited to $225,000.00 fixed rate.
- Minimum loan amount $5,000.00.
Home Equity Loan Costs
- Property insurance required.
- No application fee.
- If disbursement is used to pay off a mortgage, the cost of delivery will be charged: $10.00 to $25.00.
- For fixed-rate home equity loans, interest from date of disbursement to the end of the month is due at settlement.
Rates may change at any time.
All loans subject to credit approval.
Please print out, read and complete each form listed below carefully and sign where necessary. All forms must be completed in full and returned for an application to be considered filed. Download all necessary forms as a package or individually via the links below.
- Complete in full and sign the Home Equity Loan Application.
- Complete in full the Borrower Identification Form.
- Complete in full the Co-Borrower Identification Form.
- Review and sign the Borrower's Authorization Form.
- Print out two copies, review and sign and retain one copy of the Fixed Rate Home Equity Loan Disclosure.
- Print out two copies, review and sign and retain one copy of the Affiliated Business Arrangement Disclosure.
- Print out two copies, review and sign and retain one copy of the Notice of Right to Attorney & Tax Information Disclosure.
- Print out, check selection and sign the Interest Rate Lock-In Election Form.
- Print out two copies, review and sign and retain one copy of the Preferred Rate Disclosure.
- Print out two copies, review and sign and retain one copy of the Right to Cancel Notice.
- Print out for information and instruction to retain the Notice of Homeowners Insurance.
- Complete in full and sign Form 4506-T (Request for Transcript of Tax Return).
Along with the above documents please submit:
- TWO MOST RECENT W-2(s), Earnings Statement(s) and/or Tax Returns.
- Self-Employed Borrowers THREE YEARS Business and Personal Tax Returns.
- TWO MOST RECENT Pay Stub(s)/Statement(s)
- Self-Employed Borrowers MOST RECENT Financial Statements.
- Homeowners Insurance Policy Declaration Pages.
- Evidence of Flood Insurance (For properties located in a flood hazard zone).
- MOST RECENT Property Tax Bill or Statement.
Please Note: You will need to have Adobe Acrobat Reader to print out the above documents. If you do not have it installed, you may obtain it free by clicking here.
The maximum loan is $200,000.00.
This home equity loan and your first mortgage balance cannot exceed 80% of the value of your home.
Our primary lending area is South Jersey. Loans outside this lending area will be considered on a case-by-case basis.
Home Equity Loan Rates
Current Product Rates 01/16/2019-01/22/2019