Are you looking to purchase your first home or refinance a current mortgage? NJFCU offers many competitive products to fit your personal and financial needs including: fixed-rate mortgages as well as adjustable rate and interest only mortgages. We also offer "free" pre-qualification and rate-locks at time of application. To pre-qualify, please fill out the short application form. We take the hassle out of home-buying! For more information, please email Hklass@njfcu.org or stop by any branch or call 888-78-NJFCU, option 2.
Home Equity Loans
Fixed-Rate, Variable-Rate Home Equity Loans and Variable Lines of Credit allow you to use the equity in your home to finance home improvements, family vacations, college, medical expenses or almost anything at all! You may borrow up to 80% of your home’s equity for a variety of terms. Closing costs are minimal and the interest you pay may be tax-deductible (consult your tax adviser). To apply for a Home Equity Loan or Line of Credit stop by NJFCU or email Hklass@njfcu.org for more information!
A reverse mortgage is a unique loan that enables senior homeowners to convert the equity in their homes to supplement income without having to sell the home, give up title, or take on a new monthly mortgage payment. Borrowers can use the funds anyway they wish; for home repairs and improvements, medical costs, in-home care, education, or supplemental retirement income. North Jersey Federal now offers reverse mortgage program for all our senior members who own a home. Contact the lending department today, answer a few questions to determine if you qualify and how much untapped equity you may have access to.