Whether it’s home improvements, consolidating debt, buying a new car or funding a family vacation, home equity loans offer a smarter way to borrow money.

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Home Sweet Home.

You don't have to sacrifice great service for great rates. At First Hope Bank, our experts will provide you with the one-on-one service you deserve, while structuring the mortgage that's best for you. Plus, decisions are made locally.

As a family-owned community bank, we take great pride in over 100 years of turning home ownership dreams into a reality.


With us, you can count on:

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

Call and schedule a no obligation consultation today!


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Mortgage Options

Fixed Rate Loans

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.


FHA Loans

The Federal Housing Administration provides federal assistance to borrowers who may not qualify for conventional mortgage programs. FHA loans provide the option of down payments as low as 3.5% and do not require the purchase of separate private mortgage insurance (PMI). FHA Loans provide a great opportunity for first time homebuyers.


USDA Loans

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. Like an FHA Loan, there is no requirement to purchase PMI. If you are in the market for a home outside of a major metropolitan area, you may qualify for a USDA Loan.


Construction Loans

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.


Adjustable Rate Mortgage

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. Periodically, the interest rate will 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.


Jumbo Loans

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.


Reverse Mortgages

The FHA's Reverse Mortgage program, known as a Home Equity Conversion Mortgage (HECM), enables you to withdraw some of the equity in your home. HECMs provide seniors with greater financial security. Many seniors use HECMs to supplement Social Security, meet unexpected medical expenses, or make home improvements.




Additional Resources

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 



Important Disclosures

*Rates are subject to change without notice. To obtain current information, please call 908-459-4121.

Need Some
Extra Money?
It’s on the House.

If you have accrued equity in your home, there are two options in which you can borrow money by leveraging this equity.

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