See what your home can do for you.
- Fixed, competitive interest rate and payments for the life of the loan
- Choice of monthly or bi-weekly payment options
- One lump-sum based on home's equity
- Local decision-making and personal service, every step of the way
- Interest may be tax deductible, consult with a tax adviser
Not sure which loan is best for you?
When You Apply
Certain applications might require additional information, which will be requested upon receipt and review of your application. Please refer to the required document checklist below. If you would like to print the list below, please click here.
|Asset Documentation||Copies of bank, retirement, and/or brokerage account statements showing six (6) month’s reserves (for 1st liens) or nine (9) month's (for 2nd liens) covering your mortgage payment, real estate taxes, and homeowner’s insurance. Please include all pages, even if blank.|
|Home Owner’s Association Dues||Evidence of annual dues, if applicable|
|Home Owner’s Insurance||Copy of your declarations page with evidence of annual premium|
|Mortgage Statement||Copy of your most recent statement from your 1st lien holder, if applicable|
|Real Estate Taxes
||Copy of your most recent tax bill|
|Second/Vacation Home||Copy of real estate tax bill, home owner’s insurance, home owner’s association dues, and mortgage statement from 1st lien holder, if applicable|
When you have a 25%or more ownership interest in a business.
HOME EQUITY FIXED RATE LOAN:
Biweekly payments must be auto-debited from a First Hope Checking or Savings Account. Loan to value (LTV) on 5-15 year terms up to 80% of appraised value, less any 1st mortgage balance. LTV on 20 year term up to 75% of appraised value, less any 1st mortgage balance. Property insurance required. Flood insurance may be required. Loan on 1-4 family owner occupied residence. Subject to credit approval. Rate subject to change without notice. First and second liens only. Max loan amount is $500,000 for first lien/$350,000 for second lien. Regulation requires a full appraisal on loans over $400,000 which will be at the customer’s expense. Loans $500,000 and above require Title Insurance in the amount of the loan at the customer’s expense. There is a $60 non-refundable application fee due upon your acceptance of the Loan Estimate. There is a recording fee which varies from state to state and county to county. Inquire to find out the amount of the applicable recording fees for NJ and PA properties. Higher fees may apply for PA residents. First Hope Bank, N.A., 201 Route 94, Second Floor, Columbia, NJ 07832. Company NMLS #460885.