Home Home Equity Home Equity Fixed
At First Hope Bank, we know just how valuable your home can be and are here to help you take advantage of all your house has to offer. With a Home Equity Fixed Rate Loan, you can borrow funds using the equity in your home, and use it to cover a variety of expenses. Whether you’re looking to renovate your kitchen, consolidate debt, give yourself the purchasing power for a vacation home, or cover education costs, our lenders are here to get you the funding you need.
Home Owner’s Association Dues
Home Owner’s Insurance
Real Estate Taxes
Salary / Hour –
Self-EmployedWhen you have a 25% or more ownership interest in a business.
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.