1st Bank of Sea Isle City offers an array of residential and business loans designed to meet the needs of our growing community. We strive to maintain the best possible rates and payment choices while providing a variety of terms and options. Whether you’re a first-time home buyer, a retiree looking for a place at the beach or anywhere in between, call our Loan Center at 609-263-7823 to speak to a loan specialist about current rates and terms. They will be happy to explain any of our loan products and help you determine which one best suits your borrowing needs.

Printable Applications

Mortgage Loan Application      Home Equity Application     Construction Loan Application 
Manufactured Home Loan Application   Commercial Loan Application   Personal Financial Statement 

Current Rates

Last Update:  Friday March 4, 2010

FIXED RATE/FIXED TERM EQUITY-2ND MORTGAGE

Printable Home Equity Application 

 Fixed-rate Home Equity Loans
(various terms available)

For more information regarding rates and terms,
please contact the Loan Center at 609-263-7823.

FIXED RATE/FIXED TERM EQUITY-2ND MORTGAGE RATES

Please call for additional rate quotes and information.

1st Line Home Equity Line of Credit

Printable Home Equity Application 

• Revolving line of credit account
  
• Interest only for the first 10 years
  
• Accessible by VISA® Debit Card
  
• Monthly Statements

Tax Deductability: You should consult a tax advisor regarding the deductability of interest charges for the line.

For more information regarding rates and terms, please contact the Loan Center at 609-263-7823. 

 

1st Line Home Equity Line of Credit

10 YEAR DRAW PERIOD (Revolving interest only billed monthly)

15 YEAR REPAYMENT PERIOD (Principal & Interest)

PRIMARY RESIDENCE

80% Loan to Value/Interest Rate = .25% above Prime Rate

2ND HOME

80% Loan to Value/Interest Rate = .50% Above Prime Rate

INVESTMENT PROPERTY

70% Loan to Value/Interest Rate = .75% Above Prime Rate

PRIME RATE AS OF 01/31/10 IS 3.250%

AS STATED IN THE WALL STREET JOURNAL

MINIMUM INTEREST RATE OR FLOOR IS 4.50%

MAXIMUM INTEREST RATE OR CEILING IS 16.00%

FEES AND CHARGES: To open and maintain a line of credit, the following fees apply:

Application Fee:  $100.00

Costs associated with obtaining this credit estimated to be $375.00-$500.00

Annual Maintenence Fee: $25.00

*The ANNUAL PERCENTAGE RATE includes only interest and not other costs.

*The ANNUAL PERCENTAGE RATE is based on the value on an index. The index is the highest prime rate published in the "Wall Street Journal" "Money Rates" table on the last day of the month.To determine the ANNUAL PERCENTAGE RATE that will apply, we add a margin to the value of the index.

*Ask for the current index value, margin and ANNUAL PERCENTAGE RATE. After you open a credit line, rate information will be provided on periodic statements we send you.

Construction Loans

Please call for additional rate quotes and information.

Printable Construction Loan Application  

• Interest Only
  
• Permanent Construction Loans

Business Loans

Please call for additional rate quotes and information.

Printable Commercial Loan Application   Personal Financial Statement 

Our business and commercial loans have flexible rates and terms that are tailored to the exact needs of our customers.

For more information regarding rates and terms, please contact the Loan Center at 609-263-7823.