Current Members: Sign in and select “Open Additional Accounts/Loans” from the left menu.
Non Members: If a non-member applies for a loan, a $25 deposit is required to establish membership. If the loan is declined and the applicant does not proceed with membership, the $25 deposit will be retained and applied as an application fee.
Home Equity Lending
Don't let winter chill your plans! Home values have increased drastically over the past few years! You may have more equity than you think. A Jersey Shore Home Equity Loan can give you up to $250,000 for home improvements, consolidating high-rate debt, making a big purchase, or any other reason!
Pop Into One Simple Payment!
- Up to 85% Loan to Value (LTV)
- No application fees or points
- No Closing Costs when you borrow $20,000 or more!
- Longer terms available
Loans under $20,000 incur a $250 processing fee.
Choose the Term that Works for You
Home Equity Fixed-Rate Loan
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.
Home Equity Variable-Rate Line of Credit
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.†
Some Of The Lowest Rates Around!
Home Equity Closed-End Loan Fixed-Rates
| Max Amount Financed | Est. Term | APR* as low as |
|---|---|---|
| Up to 85% LTV** up to $250,000 | Up to 60 Months | 5.74% |
| Up to 85% LTV** up to $250,000 | Up to 84 Months | 5.94% |
| Up to 85% LTV**up to $250,000 | Up to 120 Months | 6.24% |
| Up to 85% LTV** up to $250,000 | Up to 180 Months | 6.74% |
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 5.74% APR will have a monthly payment of $383.74.
Home Equity Line of Credit Variable Rates
| Max Amount Financed | Est. Term | APR* as low as |
|---|---|---|
| Up to 85% LTV** up to $250,000 | 10-Year Draw Period | 6.75% |
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 6.50% 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.
Apply Today!
There are several convenient ways to apply:
- Apply for a Loan Securely Online
- Apply for a Loan in Person at any branch location
- Apply for a Loan by phone at 609-646-3339 or 1-888-322-2848 toll-free and select option 2 for our Call Center. Check our Call Center Hours for availability.
Insurance & Protection Options
Debt Protection with Life Plus
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.
TruStage™ Auto & Home Insurance Program
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.
