HOME EQUITY PRODUCT RATES:  New Jersey Properties

We offer the following products with no application fee and no appraisal fee. We offer home equity loans and lines of credit on 1 and 2 family owner occupied properties. The home must be the owner's primary residence or true vacation home.
 
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Fixed Rate Equity Loans (maximum to $500,000).  1st and 2nd Lien Rates

Rates as of Friday, November 18, 2016

Interest RateAPRPayment per $1,000PaymentsClosing CostsApply
Home Equity Loans: New Jersey Properties
3 Year Fixed Home Equity Loan - NJ - 1st Lien Rate
3.250%3.250%$29.19Show Payments$13.50
3 Year Fixed Home Equity Loan - NJ - 2nd Lien Rate
3.250%3.250%$29.19Show Payments$13.50
5 Year Fixed Home Equity Loan - NJ - 1st Lien Rate
3.750%3.750%$18.30Show Payments$15.60
5 Year Fixed Home Equity Loan - NJ - 2nd Lien Rate
3.750%3.750%$18.30Show Payments$15.60
10 Year Fixed Home Equity Loan - NJ - 1st Lien Rate
3.875%3.875%$10.07Show Payments$16.20
10 Year Fixed Home Equity Loan - NJ - 2nd Lien Rate
4.250%4.250%$10.24Show Payments$17.70
15 Year Fixed Home Equity Loan - NJ - 1st Lien Rate
4.125%4.125%$7.46Show Payments$17.25
15 Year Fixed Home Equity Loan - NJ - 2nd Lien Rate
4.500%4.500%$7.65Show Payments$18.75
20 Year Fixed Home Equity Loan -NJ - 1st Lien Rate
4.500%4.500%$6.33Show Payments$18.75
20 Year Fixed Home Equity Loan - NJ - 2nd Lien Rate
5.000%5.000%$6.60Show Payments$20.85
25 Year Fixed Home Equity Loan -NJ - 1st Lien Rate
25 Year Fixed Home Equity Loan - NJ - 2nd Lien Rate
30 Year Fixed Home Equity Loan - NJ - 1st Lien Rate
30 Year Fixed Home Equity Loan - NJ - 2nd Lien Rate

Annual Percentage Rates shown include a ¼% rate reduction with automatic payment deducted from an Investors' checking account.

Hazard insurance is required on all Equity Loans or Equity Lines of Credit.   
All annual percentage rates and fees are subject to change without notice.

 
Homeowner's Consumer Loan (maximum $10,000)   

Rates as of Friday, November 18, 2016

Product DescriptionPointsInterest RateAPRPayment per $1,000Payments
Homeowner's Consumer Loan - with automatic payment from an Investors' checking account.
Up to 5-years_NJ & NY0.0007.000%7.000%$19.80Show Payments
Homeowner's Consumer Loan - without automatic payment from an Investors' checking account.
Up to 5-years_NJ & NY0.0007.250%7.250%$19.92Show Payments

  
 

Equity Credit Line ($10,000 to $500,000)

Rates as of Friday, November 18, 2016

Product DescriptionInterest RateAPRClosing CostsApply
Equity Credit Line NJ-NY-PA - Floor Rate
Equity Credit Line - with automatic payment from an Investors' checking account.
Equity Credit Line_NJ3.250%3.250%$0.00
Equity Credit Line - without automatic payment from an Investors' checking account.
Equity Credit Line_NJ 3.500%3.500%$0.00

 

INTRODUCTORY RATE OFFER – During a 12-month period beginning on the closing date, the interest rate and Annual Percentage Rate (APR) will be fixed at 3.25% (3.50% without auto-debit) regardless of the outstanding balance. After the intro period, the interest rate will be variable. An annual maintenance fee of $50 will be charged on the anniversary of the loan's origination date.  For New York Properties, Investors Bank will pay any Mortgage Tax Fee for loans up to $500,000.The floor rate noted below will not apply during the intro period. Thereafter, the interest rate and APR will be variable as noted in the table below.

Investors Home Equity Line of Credit has a variable rate feature during the draw period, and, as a result, the annual percentage rate (APR) and the minimum payment can change monthly. An annual maintenance fee of $50 will be charged on the anniversary of the loan's origination date.  For New York Properties, Investors Bank will pay any Mortgage Tax Fee for loans up to $500,000. Periodic adjustments include only interest and no other costs. At the end of the draw period in Year 11 the rate shall be the prevailing 15 Year fixed home equity rate in effect at that time.  You will be notified of your change in rate and your new monthly payment for the remaining period of your loan 45 days prior to the due date of your new monthly payment.  During the draw period, the annual percentage rate is based on an index. The index used is the Prime Rate as published in the Wall Street Journal. Please ask us for the current index value, margin, discount or premium and annual percentage rate. Interest rate information will be provided on your monthly billing statements. At no time will your rate exceed 15%. There is no "floor" rate..  Offer available for owner-occupied 1 to 4 family homes in NJ and NY.  All loans subject to credit approval.  Other terms and conditions may apply.  This offer may be withdrawn at any time. Rate is subject to change without notice. 

Rate is subject to change without notice. 


Example of Your Monthly Payment*
 
If you have an outstanding home equity credit line balance of $20,000, and the annual percentage rate is 3.75%, your monthly payment will be calculated as follows:
 
The minimum monthly payment will be: $20,000 x 3.75/12=$62.50*
 
   

*Rate is subject to change without notice.
    During the interest-only period "Draw Period," the minimum payment will not reduce the principal that is outstanding on the line of credit. At the end of the draw period in year 11 the rate shall be the prevailing 15 year fixed home equity rate in effect at that time.
 
 
Hazard insurance is required on all Equity Loans or Equity Lines of Credit.   
All annual percentage rates and fees are subject to change without notice.
 
Special Home Improvement Loan (maximum $5,000.)
Available to low and moderate income borrowers only; no application fee, no appraisal fee and no closing costs.

Rates as of Friday, November 18, 2016

Product DescriptionPointsInterest RatePayment per $1,000Payments
Special Home Improvement Loan
up to 5 years_NJ & NY0.0001.990%$17.52Show Payments
Special Home Improvement Loan
up to 10 years_NJ & NY0.0002.490%$9.42Show Payments

Hazard insurance is required on all Equity Loans or Equity Lines of Credit.   
All Annual percentage rates and fees are subject to change without notice.