Borrow Rates

Home Equity Fixed Monthly

Rates Effective: 2/27/2024

Home Loan 1
ProductAnnual Percentage Rate (APR)*Payments/$1000 BorrowedProduct Requirements
5 Years4.29%$18.55Max 80% LTV 2
10 Years4.49%$10.36Max 80% LTV 2
15 Years4.74%$7.77Max 80% LTV 2
20 Years4.99%$6.59Max 75% LTV 3

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.

2 Max 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.

Home Equity Fixed Biweekly

Rates Effective: 2/27/2024

Home Loan 2
ProductAnnual Percentage Rate (APR)*Payments/$1000 BorrowedProduct Requirements
5 Years4.19%$9.28Max 80% LTV 2
10 Years4.39%$5.18Max 80% LTV 2
15 Years4.64%$3.89Max 80% LTV 2
20 Years4.89%$3.30Max 75% LTV 3

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.

Home Equity Line of Credit

Home Equity Line of Credit
ProductAnnual Percentage Rate (APR)*Product Requirements
10 year interest only draw period with 20 year payback2.75% 12 Month Introductory Rate[2] 5.25% Non-Introductory Variable RateMax 70% LTV 3

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 2.75% 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 5.50%) 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.

Personal Loans

Personal Loans
ProductAnnual Percentage Rate (APR)*Min./Max. Loan AmountPayments/$1,000 Borrowed
Auto Loans (2022) 1
48 Months6.49%n/a$23.71
60 Months6.74%n/a$19.68
72 Months6.99%n/a$17.04
Auto Loans (2016 – 2021) 1
48 Months7.74%n/a$24.29
Hope Prime Advantage 2
Revolving12.00%$250/$2,500 or $5,000$42.00
CD Secured 3
Maturity of CD3.00% over CD Raten/a
Savings Secured
12-24 MonthsWall Street Journal Primen/a
36 MonthsFirst Hope Bank Primen/a
Life Happens Loan 4
Credit score 700-719 & 24 Months10.99%$2,500/$20,000$48.89
Credit score 700-719 & 84 Months10.99%$2,500/$20,000$17.60
Credit score 720-779 & 24 Months7.99%$2,500/$20,000$47.58
Credit score 720-779 & 84 Months7.99%$2,500/$20,000$16.13
Credit score >780 & 24 Months6.99%$2,500/$20,000$47.14
Credit score >780 & 84 Months6.99%$2,500/$20,000$15.65

10.50% 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.

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

3Upon maturity to be re-written at current market rate.

4All loans subject to approval. Terms and Conditions subject to change. Must be an established First Hope Bank customer for a minimum of one year. Payments must be auto-debited from a First Hope bank account or via ACH. Maximum household borrowing limit is limited to the maximum loan amount.

Rates are subject to change without notice. For current information, please call 908-459-4121.