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Put the equity in your home to work.

You don't have to look very far to find competitive rates — you can find it in your home. A home equity loan from First Hope Bank lets you take advantage of competitive rates, with two different options for you to choose from based on your needs. Our home equity loans and lines are designed to help use the equity in your home responsibly. 


Overview

  • Personal service, every step of the way
  • Convenience of a neighborhood bank
  • Local decision making
  • Competitive rates



Home Equity Line of Credit

How It Works

Borrow only what you need, when you need it. Unlike a traditional loan, you only pay interest on what you use—if you use it*. Knowing your credit line is available gives you peace of mind and lets you kiss the need to have high-interest credit cards goodbye.

Best For

Recurring expenses such as tuition, medical bills, and home improvements.

VIEW RATES APPLY NOW

For more information, click here.



Home Equity Fixed Rate Loan

How It Works

Use the equity in your home to borrow one lump sum, up front. Unlike a line of credit, your interest rate and monthly payments will be fixed for the length of the loan.

Best For

Non-recurring expenses such as a major home renovation, a family vacation, a wedding, or consolidating a specific amount of debt.

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For more information, click here.



Not sure which loan is best for you? Feel free to contact us or stop by any of our six branch locations!

Contact Us

Hope | Blairstown | Great Meadows | Hackettstown | Sparta | Andover


Important Disclosures

Home Equity Line of Credit: New lines only. Annual percentage rate (APR) may vary. Rates subject to change without notice. Subject to credit approval. Property insurance required. Flood insurance may be required. Loan on 1-4 family owner occupied residence. Based on home's equity, you can borrow up to 70% of its appraised value less any first mortgage balance on the property. There is a $60 non-refundable application fee due at the time of application. There is a recording fee that 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. *You may re-borrow the money at any time during the 10-year "draw period," during which time payments are interest only. After the 10-year "draw period," the loan converts to a 20 year payout. The total length of the plan is 30 years. The minimum advance is $250. If the loan is paid off and closed prior to 30 months of the term, it will be subject to a 1% penalty of the original approved amount.

Home Equity Fixed Rate Loan: New loans only. Biweekly payments must be auto-debited from a First Hope Checking or Savings Account. Property insurance required. Flood insurance may be required. Loan on 1-4 family owner occupied residence. Subject to credit approval. Rates subject to change without notice. First and second liens only. Max loan amount is $500,000 for first lien/$350,000 for second lien. Loans above $100,000 may be subject to a full appraisal at the customer’s expense. Loans $350,000 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.

Home Sweet Home

Competitive rates plus local decision making yields a truly exceptional experience. We’re here to help!

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