Loans under $20,000 incur a $250 processing fee.
Our Home Equity Loan is a fixed-rate, closed-end program, making it easy to budget your payments. With this loan, you borrow a lump sum and enjoy both a fixed rate and uniform monthly payments.
Our Home Equity Line of Credit is a variable-rate, open-end program, allowing you to enjoy the convenience of borrowing only what you need when you need it. A line of credit allows you to draw money against your approved borrowing amount as you need it. You can access your credit line with convenience checks or visit any branch to make a withdrawal, and use the line for up to 10 years.†
Rates 1.00% APR higher for Investment Properties. With our closed-end Home Equity Loan you can borrow a set amount for any reason. Contact us for complete details. Investment property Home Equity Loan credit limit is up to $50,000. *APR = Annual Percentage Rate. **LTV = Loan To Value. ***85% Available to 1st lien position only. Consult a tax advisor about interest deductibility. Example Payment: $20,000 for 60 months at 5.24% APR will have a monthly payment of $379.63.
Our variable rate Home Equity Line of Credit (HELOC) allows you to establish your credit limit up to $250,000. Investment property HELOC credit limit is up to $50,000. Use it for any reason. Contact us for complete details. *APR = Annual Percentage Rate.**LTV = Loan To Value ***85% Available to 1st lien position only. Rates listed are based on the Prime Rate as listed in the Wall Street Journal plus or minus basis points as established by the Board of Directors. Payment based on current rate and 240 month term. Any advances or rate changes made during the billing period may change the payment. Maximum Variable rate is 18.00% APR with a floor of 3.50% APR. There is a $99 annual fee beginning after the first 12 months and each year thereafter. Fee will be waived if $99 or more in interest was paid in the preceding 12 months. Consult a tax advisor about interest deductibility.
There are several convenient ways to apply:
Jersey Shore Debt Protection with Life Plus is a voluntary loan-payment protection product designed to help you get relief from loan payments if a protected life event unexpectedly happens to you. Learn more about Debt Protection with Life Plus.
Working with carefully selected insurance partners, the TruStage program can provide discounted insurance rates for credit union members, plus online services and 24/7 claims service. If you haven't compared auto or home insurance rates lately, it's a great time to take a look. Your credit union membership could result in some nice savings. Learn more about TruStage Insurance.
NMLS number for Jersey Shore Federal Credit Union is 771969.
† Line of credit subject to credit check annually.