Investors Bank Home Equity Lending
 
Click the Apply Online button next to the loan product you are interested in. If you would rather apply via telephone, please call us 24/7 at 877-886-8103.
 

Please note, that unless indicated, all loan rates reflect a discount of .25% for automatic checking debit; add an additional .25% for loans without automatic checking debit.

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We offer the following products with no application fee and no appraisal fee:

Home Equity Line of Credit- NJ & PA ($25,000 to $500,000)

Rates as of Monday, May 7, 2018

Product DescriptionInterest RateAnnual Percentage RateClosing CostsApply
Equity Credit Line - with automatic payment from an Investors' checking account.
Equity Credit Line_NJ_PA3.240%3.240%$0.00
Equity Credit Line - without automatic payment from an Investors' checking account.
Equity Credit Line_NJ_PA 3.490%3.490%$0.00
Equity Credit Line NJ-NY-PA - Introductory Rate Offer
Hazard insurance is required on all Equity Loans or Equity Lines of Credit.
All rates and fees are subject to change without notice.

Following the Introductory Rate Offer - The interest Rate will be Based on Tiered Pricing

  New Jersey & Pennsylvania - Home Equity Line of Credit Rates
  *Interest Rate Discount - rate discount of 25% is offered for automatic debit from an Investors Bank checking account

Loan Amount
NJ & PA Tiered Pricing Rate
Without Auto Debit

NJ & PA Tiered Pricing Rate
With Auto Debit

$25,000 - $99,000
Prime plus (+) .50%
Prime plus (+) .25%
$100,000 - $199,999
Prime plus (+) .25%
Prime
$200,000 - $500,000
Prime minus (-) .25%
Prime minus (-) .50%

 

Home Equity Line of Credit- NY ($25,000 to $500,000)

Rates as of Monday, May 7, 2018

Product DescriptionInterest RateAnnual Percentage RateClosing CostsApply
Equity Credit Line - with automatic payment from an Investors' checking account.
Equity Credit Line3.240%3.240%$0.00
Equity Credit Line - without automatic payment from an Investors' checking account.
Equity Credit Line3.490%3.490%$0.00
Hazard insurance is required on all Equity Loans or Equity Lines of Credit.
All rates and fees are subject to change without notice.

Following the Introductory Rate Offer - The interest Rate will be Based on Tiered Pricing

New York - Equity Line of Credit Rates
* Interest Rate Discount -
rate discount of .25% is offered for automatic debit from an Investors Bank checking account

Loan Amount
New York - Tiered Pricing Rate
Without Auto Debit

New York Tiered Pricing Rate
With Auto Debit

$25,000 - $99,999
Prime plus (+) .75%
Prime plus (+) .50%
$100,000 - $199,999
Prime plus (+) .50%
P rime plus (+) .25%
$200,000 - $500,000
Prime
Prime minus (-) .25%

 
Fixed Rate Home Equity Loans- NJ & PA (maximum $500,000)

Rates as of Monday, May 7, 2018

Interest RateAnnual Percentage RatePayment per $1,000PaymentsClosing CostsApply
Home Equity Loans: New Jersey & Pennsylvania Properties
5 Year Fixed Home Equity Loan - NJ - PA 1st Lien Rate
4.250%4.250%$18.53Show Payments$17.70
5 Year Fixed Home Equity Loan - NJ - PA 2nd Lien Rate
4.500%4.500%$18.64Show Payments$18.75
10 Year Fixed Home Equity Loan - NJ - PA 1st Lien Rate
4.375%4.375%$10.30Show Payments$18.30
10 Year Fixed Home Equity Loan - NJ - PA 2nd Lien Rate
5.000%5.000%$10.61Show Payments$20.85
15 Year Fixed Home Equity Loan - NJ - PA 1st Lien Rate
4.625%4.625%$7.71Show Payments$19.20
15 Year Fixed Home Equity Loan - NJ - PA 2nd Lien Rate
5.250%5.250%$8.04Show Payments$21.90
20 Year Fixed Home Equity Loan -NJ - PA 1st Lien Rate
5.000%5.000%$6.60Show Payments$20.85
20 Year Fixed Home Equity Loan - NJ - PA 2nd Lien Rate
5.750%5.750%$7.02Show Payments$24.00
Hazard insurance is required on all Equity Loans or Equity Lines of Credit.
All rates and fees are subject to change without notice.
 
Fixed Rate Home Equity Loans- NY (maximum $500,000)

Rates as of Monday, May 7, 2018

Interest RateAnnual Percentage RatePayment per $1,000PaymentsClosing CostsApply
Home Equity Loans: New York Properties
5 Year Fixed Home Equity Loan - NY - 1st Lien Rate
4.750%4.750%$18.76Show Payments$19.80
5 Year Fixed Home Equity Loan - NY - 2nd Lien Rate
5.000%5.000%$18.87Show Payments$20.85
10 Year Fixed Home Equity Loan - NY - 1st Lien Rate
4.875%4.875%$10.55Show Payments$20.25
10 Year Fixed Home Equity Loan - NY - 2nd Lien Rate
5.500%5.500%$10.85Show Payments$22.95
15 Year Fixed Home Equity Loan - NY - 1st Lien Rate
5.125%5.125%$7.97Show Payments$21.30
15 Year Fixed Home Equity Loan - NY - 2nd Lien Rate
5.750%5.750%$8.30Show Payments$24.00
20 Year Fixed Home Equity Loan - NY - 1st Lien Rate
5.500%5.500%$6.88Show Payments$22.95
20 Year Fixed Home Equity Loan - NY - 2nd Lien Rate
6.250%6.250%$7.31Show Payments$26.10
Hazard insurance is required on all Equity Loans or Equity Lines of Credit.
All rates and fees are subject to change without notice.
 
 
Special Home Improvement Loan- NJ & NY (maximum $10,000)

Rates as of Monday, May 7, 2018

Product DescriptionPointsInterest RatePayment per $1,000Payments
Special Home Improvement Loan
up to 10 years_NJ & NY0.0002.490%$9.42Show Payments
Special Home Improvement Loan
up to 5 years_NJ & NY0.0001.990%$17.52Show Payments
Hazard insurance is required on all Equity Loans or Equity Lines of Credit.
All rates and fees are subject to change without notice.
 
Homeowner Consumer Loan- NJ & NY ($2,000 to $10,000)

Rates as of Monday, May 7, 2018

Product DescriptionPointsInterest RateAnnual Percentage RatePayment per $1,000Payments
Homeowner's Consumer Loan - with automatic payment from an Investors' checking account.
Up to 5-years_NJ & NY0.0007.000%7.000%$19.80Show Payments
Homeowner's Consumer Loan - without automatic payment from an Investors' checking account.
Up to 5-years_NJ & NY0.0007.250%7.250%$19.92Show Payments

Home Equity Line of Credit Details:

INTRODUCTORY RATE OFFER – NJ, NY and PA - During a 9 month period beginning on the closing date, the interest rate and annual percentage rate (APR) will be fixed at 3.24% with auto debit payment from an Investors Bank checking account or 3.49% without auto debit payment (regardless of the outstanding balance.)  The client must take a mandatory draw of $25,000. at closing to take advantage of the introductory rate.  (If the funds are used to pay off any Investors Bank debt the introductory rate will not apply).

If the client chooses not to take the mandatory draw the rate will be based on tiered pricing below on the approved loan amount.

Rate is subject to change without notice.

Example of Your Monthly Payment*

If you have an outstanding home equity credit line balance of $20,000, and the annual percentage rate is 4.00%, your monthly payment will be calculated as follows:

The minimum monthly payment will be: $20,000 x 4.00%/12=$66.67*

* Rate is subject to change without notice. During the interest-only period "Draw Period," the minimum payment will not reduce the principal that is outstanding on the line of credit. At the end of the draw period in year 11 the rate shall be the prevailing 15 year fixed home equity rate in effect at that time.

Hazard Insurance is required on all Equity Loans or Equity Lines of Credit.
All annual percentage rates and fees are subject to change without notice.