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Home Equity

We’ve got the mortgage money you need at a competitive rate, with terms to suit your budget.

Home Equity Loans

Peace of Mind
Choose a term that’s right for you, and your interest rate will remain fixed for the life of your loan, not subject to the ups and downs of the market place. Loans are available on owner occupied as well as non owner occupied one to four-family homes/condominiums/town homes up to and including $750,000. They are based on your credit, income and the equity in your home.

Tax-Deductible Interest
Years ago, all or a portion of the interest on most loans was tax-deductible. Under tax reform, only the interest on loans secured by your home may be tax-deductible. (Consult a tax advisor regarding the deductibility of interest)

Low/Moderate Income Equity Program
Available to applicants whose family income does not exceed 80% of Metropolitan Statistical Area median family income. Maximum loan amount is $20,000 for terms up to 20 years. Combined loan to value can not exceed 90%. Private mortgage insurance is not required. Certain terms and conditions apply to the above equity loans, so we invite you to ask one of our loan representatives for details.


Call our Loan Representatives at 1-888-ORITANI or if you have any questions.

Home Equity Lines of Credit

Your Personal Line of Credit up to and including $750,000
Credit lines are available on one to four-family residences up to and including $750,000. They are based on your credit, income, and the equity in your home. Once your line of credit has been established, you simply write checks for $500 or more, just as if it were a regular checking account. You will pay interest only on the money that you actually have in use—if you don’t have any money in use, there is no charge. As payments are made, the funds become available again.

Convenient, Confidential & Economical
When you need funds, you simply write a special check that we supply to you. No need to visit or even call the bank. The annual percentage rate will be variable and based on the prime rate, plus or minus a margin, as reported in the Wall Street Journal (WSJ) on the first business day of the month. Presently, the maximum annual percentage rate that can apply is 14%. Your monthly payment will be 1/240 of the unpaid balance, plus interest; or $100 plus interest, whichever is greater. Payments are currently based on a 20 year amortization.

You may make extra payments or repay in full at any time without penalty. A statement detailing your checks, finance charges, available credit and minimum payment amount will be sent to you monthly.

Tax-Deductible Interest
In years past, all or a portion of the interest on personal loans was tax-deductible. Under tax reform, only the interest on loans secured by your home may be tax-deductible. (Consult a tax advisor regarding the deductibility of interest.) Apply Now and You May Never Need to Apply for a Loan Again. Even if you don’t need extra cash now, apply today and establish your Home Equity Credit Line. Once approved, your funds are available when you need them—with no delays, no inconvenience—simply write a check.


Call our Loan Representatives at 1-888-ORITANI or if you have any questions.

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