You’ve built up equity in your home. Now’s the time to set it free.
Borrow up to 80% of the value you’ve built up in your home to pay for big expenses from education to home improvements and more.
Kearny Bank offers a variety of Fixed Home Equity Loans and Home Equity Lines of Credit to choose from, and payments can be automatically deducted directly from your Kearny Bank checking account. There is also no prepayment penalty.
For more details call us at 800-273-3406.
Fixed Rate Home Equity Loans - All interest rates are for NJ properties only and are subject to change without notice.
| Account | Interest Rate | APR | Months | Additional Information | Monthly Payment per $1,000 |
|---|---|---|---|---|---|
| 10 Years Fixed Rate Equity | 7.750% | 7.916% | 120 | $5,000 Min, $500,000 Max, 80% Max LTV, 1-4 Family Owner Occupied. Disclosed APR is an example based on a $250,000 loan amount. A $195 Commitment Fee will apply. NO APPLICATION FEES. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. | $12.00 |
| 15 Years Fixed Rate Equity | 7.875% | 7.997% | 180 | $5,000 Min, $500,000 Max, 80% Max LTV, 1-4 Family Owner Occupied. Disclosed APR is an example based on a $250,000 loan amount. A $195 Commitment Fee will apply. NO APPLICATION FEES. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. | $9.48 |
| 20 Year Fixed Rate Equity | 8.000% | 8.101% | 240 | $5,000 Min, $500,000 Max, 80% Max LTV, 1-4 Family Owner Occupied. Disclosed APR is an example based on a $250,000 loan amount. A $195 Commitment Fee will apply. NO APPLICATION FEES. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. | $8.36 |
Note: Current rates are for new home equity loan/line clients only. Minimum amount for new loans/lines is $5,000. For refinance of existing Kearny Bank loans, a minimum increase of $10,000 must be requested, or the loan must have been opened for a period of one year prior to the date of application. Annual Percentage Rate (APR) listed are as of 05/25/2023.
Home Equity Lines of Credit - All interest rates are for NJ properties only and are subject to change without notice.
| Account | Interest Rate | APR | Months | Additional Information |
|---|---|---|---|---|
| 15 Year Fixed Rate Credit Line | 8.000% | 8.000% | 180 | $5,000 Min, $500,000 Max, 80% LTV, 1-4 Family Owner Occupied. A $195 Commitment Fee will apply. NO APPLICATION FEE. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Homeowners insurance is required; flood insurance is required where necessary. Subject to credit approval. |
| 15 Year Revolving Credit Line (variable) | 9.250% | 9.250% | 180 | $5,000 Min, $500,000 Max, 75% LTV, 1-4 Family Owner Occupied, Prime Rate plus 1.00%, maximum rate is 18.00% (ceiling rate), minimum rate is 9.250% (floor/start rate). A $195 Commitment Fee will apply. NO APPLICATION FEE. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Homeowners insurance is required; flood insurance is required where necessary. Subject to credit approval. |
Note: Current rates are for new home equity loan/line clients only. Minimum amount for new loans/lines is $5,000. For refinance of existing Kearny Bank loans, a minimum increase of $10,000 must be requested, or the loan must have been opened for a period of one year prior to the date of application. Annual Percentage Rate (APR) listed are as of 05/25/2023. Rates are subject to change at any time without notice.
Home Equity Loans & Lines
We have taken out two home equity loans with Kearny Bank over the years and both times the process was INCREDIBLE!!! Someone was always there to answer any questions and if for any reason you had to leave a message, someone ALWAYS called you back.
Terence J.