Consumer Loans

Home Equity Loans1

Put your home to work with a loan that gives you the freedom to make things happen. Use the equity in your home for refinancing, home improvements, debt consolidation, college tuition, a dream vacation, and more. First Bank’s Home Equity Loans offer the following benefits:

  • No points and no application fee
  • Fixed rate for the life of the loan
  • Competitive interest rates
  • Billing statements each month
  • Loans available in a first lien or second lien position
  • Local decision-making and processing
  • Personalized, attentive service throughout the entire process

First Bank also offers convenient home equity line options: a standard Home Equity Line of Credit and a Home Equity Hybrid Line of Credit. A home equity line is a great way to pay for some of life's most important expenses. Just write a check drawn on the account for the amount you need now and pay interest only on that amount. If you need more later, write another check! It's that simple! Use the equity in your home to make improvements, take a dream vacation, consolidate your bills, pay college tuition, and more.

All home equity line products offer:

  • No application fee and no annual maintenance fee
  • No prepayment penalties
  • Competitive interest rates
  • Easy access to the line of credit with checks
  • Billing statements each month
  • Payments based only on amounts borrowed
  • No interest charged until you use your credit line

Home Equity Line Of Credit1,2

  • Draw period (credit advances) and term are 15 years
  • “Revolving” loan allows customers to draw down and pay back line as needed
  • Monthly payments of 1/180th (0.556%) of outstanding principal balance plus interest
  • Balloon payment due at maturity

Current Annual Percentage Rate (APR)2

Lien Position

Interest Rate


5.25% APR

Prime plus 1.00%


5.75% APR

Prime plus 1.50%

Home Equity Hybrid Line Of Credit1,2

  • Draw period (credit advances) is five years
  • “Revolving” loan allows customers to draw down and pay back line as needed during the first five years. Loan stops revolving at the end of the draw period.
  • Interest rate is fixed for the first five years, variable thereafter
  • Repayment first five years is interest-only based on outstanding principal balance
  • Repayment last ten years is amortized over ten years with payment changes based on interest rate changes (Repayment Period)

Current Annual Percentage Rate (APR)2

Lien Position

Interest Rate


4.99% APR

Fixed 5-years


5.99% APR

Fixed 5-years

1 All Home Equity products require borrower to pay a mortgage recording fee and any other applicable recording fees or taxes depending on property location. Home Equity Loans and Lines of Credit over $250,000 require Title Insurance and an Appraisal paid by the borrower. Other costs may also apply. Limited to 80% of the combined loan to value based on the estimated or appraised value at time of loan. Applies to owner occupied (primary residence and vacation home) 1-2 family homes, townhouses, and condominiums in First Bank’s lending area. Homeowners insurance from the insurer of your choice is required. Federal flood insurance is required for any property located in a designated flood zone. Interest may be tax deductible; consult your tax advisor for details.

2 The Annual Percentage Rates (APR) shown above are effective as of September 5, 2017  and are subject to change at any time. The APR includes only interest and no other costs. The APR is based on the value of an index plus an applicable margin. The index is the Prime Rate (Prime) as published in the Wall Street Journal, which is currently 4.25%. The Home Equity Line of Credit has a variable interest rate and the APR may change. The Home Equity Hybrid Line of Credit has a fixed rate for the first five years and then converts to a variable interest rate during the Repayment Period of Prime plus 1.00% for 1st lien position and Prime plus 1.50% for 2nd lien position; the APR may change. The maximum APR during the lines of credit is 18.0 percent.


Residential Mortgage Loans

Obtaining a mortgage does not need to be intimidating or overwhelming. First Bank has partnered with MeridianBank Mortgage (Meridian). Meridian has a longstanding tradition of providing unparalleled customer service and a reputation built on adding value to the home loan process. Their experienced mortgage consultants will guide you through the often confusing process of obtaining a loan to meet your specific needs. You’ll feel confident knowing you’re dealing with experienced professionals. When applying for a mortgage at First Bank, you’ll benefit from:


  • A wide range of financing programs  
  • Access to local decision makers  
  • Knowledgeable Loan Officers
  • A simple application process
  • Competitive rates

For additional information you can contact Greg Perri, Jr. (NMLS# 643149), Consumer Lending Manager, First Bank, at 609-643-0474 /, or Lisa Obringer (NMLS# 1432458), Account Executive, MeridianBank Mortgage, at 215-391-1785 / or Click Here to apply.

 First Bank Mortgage Loan Originators (MLO) List

Auto Loans

Get into the driver’s seat with a First Bank Consumer Auto Loan. Look to First Bank to finance your next purchase or lease-buyout, or to reduce your current interest rate by refinancing. You’ll feel confident you’re getting the deal that fits your needs. First Bank’s features are:

  • Flexible payment terms
  • Competitive interest rates
  • New and used financing
  • Flexible down payment options

Personal Secured Loans (CD/Savings Account)

Whether you need to consolidate bills or make a significant purchase, First Bank’s personal secured loans offer the perfect balance of flexibility and competitive interest rates. As a First Bank customer, you’ll receive:

  • Flexible payment terms
  • Competitive interest rates
  • Personalized service

Overdraft Protection Line Of Credit

First Bank offers checking account holders the opportunity to obtain an Overdraft Protection Line of Credit to cover overdrafts, up to your available credit line. Overdraft Protection gives you peace of mind in case you accidentally exceed your checking account balance. No more bounced checks - whenever you write a check that exceeds your account balance, First Bank will automatically transfer the appropriate loan amount (in multiples of $100) to your checking account and then automatically start your monthly repayment plan directly from the same account.

All loan products are subject to underwriting eligibility; other conditions may apply.

As an added convenience, you can have any First Bank Loan payment deducted directly from your First Bank checking or savings account.

**** For additional information call any of our locations or contact our Consumer Lending Manager, Greg Perri at 609.643.0474 /  ****

Welcome Home to First Bank.

  • First Bank Cranbury

    2664 Route 130
    Cranbury, NJ 08512
    (609) 642-1064

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  • First Bank Denville

    530 E. Main St. (Route 53)
    Denville, NJ 07834
    (973) 625-1407

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  • First Bank Ewing

    1340 Parkway Avenue
    Ewing, NJ 08628
    (609) 643-0470

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  • First Bank Flemington

    334 Route 31
    Flemington, NJ 08822
    (908) 751-0318

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  • First Bank Hamilton

    2465 Kuser Rd., Suite 101
    Hamilton, NJ 08690
    (609) 528-4400

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  • First Bank Lawrence

    590 Lawrence Square Blvd. S.
    Lawrenceville, NJ 08648
    (609) 587-3111

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  • First Bank Somerset

    225 DeMott Lane
    Somerset, NJ 08873
    (732) 649-1999

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  • First Bank Sussex Turnpike

    1206 Sussex Turnpike
    Randolph, NJ 07869
    (973) 895-5800

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  • First Bank Williamstown

    1020 North Blackhorse Pike
    Williamstown, NJ 08094
    (856) 728-3400

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  • First Bank Trevose

    4966 Old Street Road
    Trevose, PA 19053
    (267) 984-4537

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