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Your home is one of your most valuable financial assets. FNBA’s Home Equity Line of Credit (HELOC) gives South Jersey homeowners a flexible way to tap into that value—without taking a lump sum all at once. Whether you are managing ongoing expenses, planning renovations in stages, or building a financial safety net, a HELOC puts you in control of how and when you borrow.
A HELOC provides revolving access to funds, making it ideal for both planned and unexpected expenses. Common uses include:
Pay for projects over time as work is completed
Pay down higher-interest balances at your own pace
Tuition, medical costs, or large purchases
Be prepared for unexpected repairs or financial needs
Because you borrow only what you need, a HELOC can be a more efficient and cost-effective solution than a traditional lump-sum loan.
With a HELOC, your available credit limit is determined by your home’s equity and a review of additional underwriting guidelines.
Once approved, you can access funds as needed rather than taking a lump sum at closing. This gives you the flexibility to borrow only what you need, when you need it.
During the draw period, you may use your line of credit and make payments based on the amount you have borrowed. As you repay your balance, your available credit is replenished—allowing you to continue accessing funds over time.
Loan-to-value, or LTV, is the ratio of your total loan balance to the appraised value of your home. FNBA HELOCs are available up to 80% LTV. This means your combined mortgage and line of credit cannot exceed 80% of your home’s value. Home values are determined through appraisals by FNBA approved venders.
Example: If your home is valued at $250,000 and you owe $150,000 on your mortgage, you may have up to $50,000 available in a HELOC (80% of $250,000 = $200,000, minus $150,000).
FNBA takes a practical, relationship-based approach to lending. To apply, you will complete a loan application and provide documentation to verify your income and credit profile. This typically includes:
All decisions are made locally, right here in South Jersey. Loan amounts are determined based on your qualifications and internal approval guidelines, helping ensure responsible lending that supports your long-term financial goals.
Feature | Detail |
Loan Type | Home Equity Line of Credit (Revolving) |
Maximum Maturity | 10 years |
Maximum Amortization | 15 years |
Maximum Loan-to-Value (LTV) | 80% |
Lien Position | 1st or 2nd lien |
Need flexibility rather than a lump sum? A HELOC gives you a revolving credit line secured by your home’s equity. Draw what you need, when you need it, and pay interest only on what you use.
Whether you are purchasing a new home or refinancing your current one, FNBA offers fixed- -rate mortgages with local underwriting and fast decisions. Terms up to 30 years available.
Renovating for a growing family? The FNBA Growing Family Hub brings together all the accounts, loans, and savings tools that South Jersey families need in one place.
Visit any FNBA branch to speak with a local loan officer. We’ll help you calculate your available equity, explain your options, and guide you through the application process.
Fill out the form, and a member of our team will reach out soon.
