Borrow Rates

^*Interest Rates vary daily and are accurate as of November 20, 2024 and subject to change without notice. Terms and conditions are subject to change. Subject to approval. Principal and Interest payments do not include taxes, insurance, or monthly mortgage insurance, if applicable. Flood insurance may be required. Actual payment obligation may be greater. Monthly principal and interest payment information assumes an equal consecutive monthly payment for the duration of the mortgage. For a 30 year mortgage, that would be 360 equal and consecutive payments while for a 15 year, that would be 180 equal consecutive payments.

¹Assumptions and Disclaimers for above rates and points are examples based on $400,000 loan amount, a minimum credit score of 740, 75% Loan To Value (LTV), Debit to Income Ratio (DTI) not greater than 45%, purchase of a primary residence, single family detached not including condominiums in Morris, Sussex and Warren Counties, New Jersey, first lien mortgages without subordinate financing and with escrow for taxes and insurance. Standard conforming loan limits apply. Rates may be higher for condos, refinance transactions and/or refinancing of subordinate liens. Loans over 80% LTV require PMI insurance. All loans are subject to full underwriting review.

²Assumptions and Disclaimers for above rates and points are examples based on $280,000 loan amount, a minimum credit score of 740, 80% Loan To Value (LTV), Debit to Income Ratio (DTI) not greater than 45%, purchase of a primary residence, single family detached not including condominiums in Morris, Sussex and Warren Counties, New Jersey, first lien mortgages without subordinate financing and with escrow for taxes and insurance. Loans must be to a First-Time homebuyer and qualifying income less than or equal 100% of area median income or 120% of area median income in high-cost areas. Standard conforming loan limits apply. Rates may be higher for condos, refinance transactions and/or refinancing of subordinate liens. Loans over 80% LTV require PMI insurance. All loans are subject to full underwriting review. Not all applicants will qualify. This is not a commitment to lend or a guarantee of an approval. Contact a Mortgage Representative to obtain the most current rates. Actual interest rate and fees applicable to you will include, but are not limited to, your credit history, product type, and loan to value, and may be different than the rates displayed here. Other rates and product options are available, contact us for details.

New Money Only.
¹6 months of assets to be provided for first liens, all terms, and 9 months of assets to be provided for second liens, all terms.

²Max loan to value (LTV) on 5-15 year terms is 80% of appraised value less first mortgage balance if applicable.

³ Loan to Value on 20 year terms is 75% of appraised value less first mortgage balance.

Payments do not include taxes and insurance premiums. 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. Your actual rate, payment, and costs could be higher. Loans $500,000 and above require Title Insurance for the amount of the loan at the customer’s expense. Regulation requires a full appraisal on loan amounts over $400,000 which will be 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.

New Money Only. APR includes 0.10% rate discount for payments automatically debited from a First Hope Bank checking or savings account which the consumer may elect.

¹ 6 months of assets to be provided for first liens, all terms, and 9 months of assets to be provided for second liens, all terms.

² Max loan to value (LTV) on 5-15 year terms is 80% of appraised value less first mortgage balance if applicable.

³ Max loan to value on 20 year terms is 75% of appraised value less first mortgage balance.

Payments do not include taxes and insurance premiums. 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. 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. 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.

New Money Only. Minimum loan amount is $10,000.
¹ 6 months of assets to be provided for first liens, all terms, and 9 months of assets to be provided for second liens, all terms.
² Introductory 6.74% Annual Percentage Rate (APR) is fixed for 12 months and variable thereafter.
³ Max loan to value (LTV) is 70% of appraised value less first mortgage balance, if applicable.

Variable APR is equal to Wall Street Journal Prime (currently 7.75%) less a margin of 25 basis points, with a minimum APR of 3.99% and a maximum APR of 16.00%. 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. Your actual rate, payment, and costs could be higher. Loans $500,000 and above require Title Insurance for the amount of the loan at the customer’s expense. Regulation requires a full appraisal on loan amounts over $400,000 which will be at the customer’s expense. There is a $60 non-refundable due at the time of application. 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. 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 payment. The total length of the plan is 30 years. The minimum advance is $250.00. If the loan is paid off and closed prior to 30 months of the term, It will be subject to a 1% early termination fee of the original approved amount unless refinanced into a First Hope Bank home equity fixed loan or mortgage.

All loans subject to approval. Terms and Conditions subject to change. 0.50% increase if payment is not automatically drafted from First Hope Bank account. Max loan amount on new autos is 90% of purchase price/sticker price. Max loan amount on used autos is 80% of retail value.

Credit scores of 680-720 eligible for $2,500 max, subject to additional underwriting criteria. Credit scores of 721+ eligible for $5,000 max, subject to additional underwriting criteria. There is a $35 annual fee for this account. All loans subject to approval. Terms and Conditions subject to change.

CD Secured loans to be rewritten at current market rates upon maturity. All loans subject to approval. Terms and Conditions subject to change.