Home Sweet Home.
As a family-owned community bank, we take great pride in over 100 years of turning home ownership dreams into reality. We have built a strong reputation as a full-service mortgage originator, serving the lending needs of homebuyers, real estate agents and builders.
With an experienced staff offering expertise in numerous areas of mortgage lending, we have access to a full range of mortgage products and are dedicated to finding the right loan for your unique needs. We look forward to working with you on your purchase, refinance or construction lending goals!
With us, you can count on:
- Competitive rates
- Personal service, every step of the way
- Convenience of a neighborhood bank
- One-on-one service
- Local decision making
- Wide range of mortgage options
We're excited to turn your home ownership hopes into a reality!
Whether you already found the home you've been searching for or you're looking to refinance, our team of experts will help you every step of the way!
Determining which mortgage term is right for you can be a challenge. Using our Mortgage Comparison Calculator can help you determine what you can afford!
Meet Our Team of Experts
We look forward to assisting you in selecting the best loan to meet your personal situation and goals. You can count on us to keep you informed of your loan status throughout the entire process.
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A fixed-rate mortgage offers a straightforward, predictable monthly payment. With a fixed-rate mortgage, your interest rate and your monthly payment of principal and interest will stay the same for the entire term of the loan. This provides stability in your monthly payments and ensures your rate won't increase.
The Federal Housing Administration offers mortgage loans designed for borrowers who may not qualify for conventional mortgage programs. FHA loans require down payments as low as 3.5% and provide a great opportunity for first-time homebuyers.
United States Department of Agriculture (USDA) Loans enable borrowers to purchase a home with no money down. It also allows borrowers to finance all or part of the closing costs if the home appraises for greater than the purchase price. If you are in the market for a home outside of a major metropolitan area, you may qualify for a USDA Loan.
Building a new home or purchasing a home under construction is a big commitment requiring time and money. Fortunately, we offer great solutions for construction loans to help you save both. We have an extensive amount of experience helping people build their new home. Whether you are building your primary home or a second home, we offer a variety of loan programs to help you achieve your dream.
An Adjustable Rate Mortgage (ARM) is ideal for borrowers who are seeking short-term security and stability. The initial interest rate of an ARM is lower than that of a fixed rate mortgage. After the initial period, the interest rate is variable and will periodically adjust to current market conditions. For your protection, there are annual and lifetime caps on the interest rate. An ARM can provide increased purchasing power up front.
A jumbo loan is for borrowers who require loan amounts that exceed the existing Fannie Mae conforming loan limits, up to $3 million. First Hope Bank offers rates that are among the lowest Jumbo Loan rates in New Jersey.
The Federal Housing Administration's Reverse Mortgage program, known as a Home Equity Conversion Mortgage (HECM), enables seniors 62 years of age and older to withdraw some of the equity in their primary home. Many seniors may choose to use HECMs to supplement Social Security, meet unexpected medical expenses, or make home improvements.
Below are some great resources, provided by the Consumer Financial Protection Bureau, to help you prepare for the home buying process.
Owning a Home Know Before You Owe Key Terms
Borrower must meet eligibility requirement of respective programs. Loan programs not available in all states. Get an official loan estimate before choosing a loan. First Hope Bank, N.A., 201 Route 94, Second Floor, Columbia, NJ 07832. Company NMLS #460885.