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Now is a great time to get access to the money you need with a great introductory rate offer on a Home Equity Line of Credit from Northfield Bank!
5.99% APR*
For the first 6 months
8.00% Current Variable APR*
Variable rate after the 6 month introductory period. Prime minus a margin of 0.25% for the life of the loan with a floor rate of 5.99% APR*
5.99% APR**
For the first 6 months
7.75% Current Variable APR**
Variable rate after the 6 month introductory period. Prime minus a margin of 0.50% for the life of the loan with a floor rate of 5.99% APR*
Please select your state to view current Home Equity Loan rates for your area.
Apply Online or download an application and fax to (732) 636-1908 or mail to Northfield Bank, 581 Main Street, Suite 810, Woodbridge, NJ 07095.
(732) 587-2230 Check Rates Apply Online* APR denotes ANNUAL PERCENTAGE RATE. Rates and terms are based on loan or credit line amounts of $250,000 or less with a temporary maximum loan-to-value ratio of 80% and are contingent upon you granting Northfield Bank an acceptable and marketable first or second Mortgage. Eligible properties include owner occupied, 1-2 family residences and condominiums in the five boroughs of New York City and Nassau, Rockland, Westchester and Orange counties. Investment properties, cooperatives and purchase money transactions are excluded. Adequate homeowner’s insurance is required and federal flood insurance is required for properties in a designated flood zone. Borrowers are responsible for mortgage recording fee ($72 - $120). The introductory rate for the home equity line of credit is fixed at 5.99% for the first 6 months. Thereafter, the rate is the Prime rate as published in the Wall Street Journal (currently 8.25%) minus a margin of 0.25%. Rate is variable and may change monthly. After the introductory period, the minimum rate “floor rate” is 5.99% APR and the maximum rate “ceiling rate” is 16.00% APR.
Payment does not include real estate taxes and property insurance; therefore your actual obligation will be greater.
There is a recapture fee equal to the amount of the mortgage tax paid by the bank at origination if the line is terminated in the first 36 months
** APR denotes ANNUAL PERCENTAGE RATE. . Rates and terms are based on loan or credit line amounts of $250,000 or less with a maximum loan-to-value ratio of 80% and are contingent upon you granting Northfield Bank an acceptable and marketable first or second Mortgage. Eligible properties include owner occupied, 1-2 family residences and condominiums in NJ or PA. Investment properties, cooperatives and purchase money transactions are excluded. Adequate homeowner’s insurance is required and federal flood insurance is required for properties in a designated flood zone. Borrowers are responsible for mortgage recording fee (Estimated range $120 - $220). The introductory rate for the home equity line of credit is fixed at 5.99% for the first 6 months. Thereafter, the rate is the Prime rate as published in the Wall Street Journal (currently 8.25%) minus a margin of 0.50%. Rate is variable and may change monthly. After the introductory period, the minimum rate “floor rate” is 5.99% APR and the maximum rate “ceiling rate” is 16.00% APR. There is an early termination fee of $500 for lines of credit that are terminated in the first three years.
Payment does not include real estate taxes and property insurance; therefore your actual obligation will be greater.
Rates and terms are current as 05/04/23 and are subject to change at anytime without prior notice.
