Loan Applications

Home Equity Lines of Credit

Call us at 609-223-8340 for details on how we can help you meet your individual needs, or apply today using our Secure Loan Application.

Rate Floor/Rate Ceiling: Floor interest rate of 3.25%; Ceiling of 18% APR

Loan Amounts: $10,000 to $500,000

Repayment: 1/240th of the outstanding principal balance or $100 (whichever is more) plus finance and other charges

Collateral: First or Second mortgage lien on primary or secondary residence (for example, vacation home)

Early Termination Fee: $300 if loan is paid off and/or the account closed within 12 months of the date of the Agreement and Note

Loan to Value Ratio: 80%, provided that the first lien is held by Roma Bank; if Roma Bank is not the holder of the first lien, the maximum loan to value ratio may be 75%

Title Insurance: Required for loans over $250,000 if Roma Bank is not in first lien position.

Homeowner's Insurance: Is required

Flood Insurance: Is required for any property in a designated flood zone

No Modifications or Increases from existing Home Equity Lines of Credit

Mortgage Cancellation Fee: $45.00

Subject to Credit Approval