Home Equity Credit Line

  •   Prime minus .50% for the life of the loan
  •   10-Year Term Interest Only
  •   Financing up to 75% of the property value
  •   No closing costs on any loan amount
  •   Line amounts up to $500,000
  •  Owner-Occupied Primary residence only


*The Annual Percentage Rate (APR) for this Home Equity Line of Credit is variable based on the highest domestic prime rate published in the Wall Street Journal. The prime rate as of December 17, 2015 was 3.50%. Call 732.431.2265 for current rates. Minimum line amount is $10,000.00. Maximum line amount is $500,000.00. LTV not to exceed 75% of appraised value. LTV percentages assume either a first mortgage loan or no existing lien on subject property. 1 to 4 family owner occupied primary residences only. This offer is subject to change at any time without notice. There is a $500.00 penalty for early termination before 24 months. Consult a tax advisor regarding the tax deductibility of interest. Maximum possible APR is 18%. Property insurance is required which includes, as required, flood insurance. New Lines Only. Eligibility requirements, terms, conditions and exclusions apply. Rate requires auto debit from NJCB Checking Account. Without auto debit the rate is Prime plus 1% APR. Subject to credit approval.

Home Equity Loan Application Instructions:

  1. Click the link below to open the NJCBK Home Equity Loan Application
  2. Fill the application out in its entirety. Print the application.
  3. Send the completed application to our Consumer loan department located at 3441 Highway 9N, Freehold, New Jersey 07728.
  4. Contact the Consumer loan department with any questions at 732-431-2265.

Click Here to complete a New Jersey Community Bank Home Equity Loan Application

Contact Us about a Home Equity Loan