Put Your Home’s Equity to Work, Your Way
Access Cash for Renovations, Debt Relief, or College With Competitive Home Equity Options
Mortgage rates may be higher, but that doesn’t mean your plans have to be on hold.
🏠 Keep Your Mortgage Rate
Borrow without refinancing your entire mortgage and keep the 1st Mortgage rate you already have.
📅 Choose Fixed or Flexible
Pick a fixed-rate Home Equity Loan or a flexible Home Equity Line of Credit to match your needs.
💡 Local Guidance, Competitive Rates
Get expert advice and personalized service from a bank that knows your community.
Home Equity Loan
Need a set amount for a one-time expense? A Fixed Rate Home Equity Loan gives you a lump sum up front, a fixed interest rate, and the certainty of the same monthly payment for the life of the loan.
6.24%APR1
5-year Fixed Monthly Rate
The actual payment may be greater because taxes and insurance are not included. Subject to approval.
Home Equity Loans are Ideal for...
Fixed Interest Rate & Predictable Payments
A Home Equity Loan locks in a fixed interest rate for the entire term, so the monthly payment stays the same. This predictability is appealing for borrowers who want stable budgeting and don’t want to risk payment changes from fluctuating rates (as can happen with a HELOC).
Lump-Sum Funding
Home Equity Loans disburse the full approved amount at closing, making them ideal for one-time, large expenses (e.g., major renovations, debt consolidation, or a large purchase). In contrast, a HELOC is a revolving line of credit that you draw from over time.
Discipline & Structure in Repayment
Because the loan amount, term, and payment schedule are fixed, borrowers may find it easier to stick to a repayment plan and avoid the temptation to re-borrow—something that’s easier to do with the revolving nature of a HELOC.
Home Equity Line of Credit
Not sure exactly how much your project will cost or want funds available over time? A HELOC gives you a revolving credit line to draw from as needed, paying interest only on what you use.
5.99%APR2
12-Month Fixed Introductory Rate
6.50%APR2
Variable Rate Thereafter
The actual payment may be greater because taxes and insurance are not included. Subject to approval.
HELOCs are Ideal for...
Flexible Access to Funds
A HELOC works like a revolving line of credit, letting you withdraw money as needed during the draw period rather than receiving a lump sum. This is ideal for projects or expenses that happen in phases, such as ongoing home improvements.
Pay Interest Only on What You Use
With a HELOC, interest is charged only on the outstanding balance, not the total approved credit line. This can keep payments lower if you use the funds gradually instead of all at once.
Potentially Lower Initial Costs & Payments
HELOCs often have lower introductory rates and, during the draw period, may allow interest-only payments. This can provide short-term affordability and cash flow flexibility compared to the fixed payments of a home equity loan.
What our customers are saying
We’re here with the keys to your castle.
Whether you want to achieve a goal or cover an unexpected expense, First Hope Bank can help with a Home Equity Loan or Line of Credit.
Choose First Hope Bank for your Home Equity Loan or Line of Credit
We make our lending decisions locally and offer personal service every step of the way—just as you’d expect from your neighborhood, family-owned bank.
1APR (Annual Percentage Rate) is current as of 5/28/2026. New Money Only. Subject to credit approval. Biweekly payment APR includes 0.10% rate discount for payments automatically debited from a First Hope Bank checking or savings account which the consumer may elect. Proof of 6 months of assets to be provided for first liens and proof of 9 months of assets to be provided for second liens. Max loan to value (LTV) on 5 to 15-year terms is 80% of appraised value less first mortgage balance, if applicable. Max loan to LTV on 20-year term is 75% of appraised value less first mortgage balance, if applicable. Annual Percentage Rates/Rates subject to change without notice. Terms and Conditions are subject to change without notice. Property insurance required. Flood Insurance may be required. Loans on 1 to 4 family owner occupied residence. Max loan amount is $500,000 for first liens and $350,000 for second liens. Regulation requires a full appraisal on loan amounts over $400,000 which will be at the customer’s expense. Loans $500,000 and above require Title Insurance for 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 applicable recording fees for NJ and PA properties. Higher fees may apply for PA Residents. Payment every month on $50,000 borrowed at 6.24% APR for 5-years is $972.00. Payment every 14 days on $50,000 borrowed at 6.14% APR for 5-years is $507.00. Payments do not include taxes and insurance premiums. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan. First and second liens only. First Hope Bank, N.A., 201 Route 94, Second Floor, Columbia, NJ 07832. Company NMLS #460885.
2APR (Annual Percentage Rate) is current as of 5/28/2026. New Money Only. Introductory 5.99% APR is fixed for 12 months and variable thereafter. Max loan-to-value (LTV) is 70% of appraised value, less first mortgage balance, if applicable. Proof of 6 months of assets to be provided for first liens and proof of 9 months of assets to be provided for second liens. Variable APR equal to Wall Street Journal Prime (currently 6.75%) less a margin of 25 basis points, with a minimum APR of 3.99% and a maximum APR of 16.00%. Rates, terms and conditions subject to change without notice. Subject to credit approval. Property insurance required. Flood insurance may be required. Loans on 1-4 family owner occupied residence. Max loan amount is $500,000 for first liens and $350,000 for second liens. Your actual rate, payment, and costs could be higher. Regulation requires a full appraisal on loan amounts over $400,000 which will be at the customer’s expense. Loans $500,000 and above require Title Insurance for the amount of the loan at the customer’s expense. You may re-borrow the money at any time during the 10-year “draw period” during which time monthly 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, unless the loan is refinanced into a First Hope Bank Home Equity Fixed Rate Loan or Mortgage. There is a $60 non-refundable application fee due at the time of application. For loans up to $400,000, the total fees could range from $60.00 to $168.00. For loans over $400,000 but less than $500,000, the total fees could range from $60.00 to $503.00. For loans of $500,000 or greater, the total fees could range from $60 to $2,728.00. Higher fees may apply for PA Residents. For PA loans up to $400,000, the total fees could range from $60.00 to $473.00. For PA loans over $400,000 but less than $500,000, the total fees could range from $60.00 to $636.00. For PA loans of $500,000 or greater, the total fees could range from $60 to $2,861.00. First Hope Bank, N.A., 201 Route 94, Second Floor, Columbia, NJ 07832. Company NMLS #460885.