[1] The Affordable Fixed-Rate Home Equity Program is available for our Fixed Rate Home Equity Loan products. This product can be used to fund home improvement projects or to refinance a current mortgage loan on owner-occupied primary 1 to 4-family residences: (a.) located in a low or moderate-income (LMI) census tract in one of Columbia Bank's Community Reinvestment Act (CRA) Assessment Areas OR (b.) located anywhere within Columbia Bank’s CRA Assessment Area and the borrower’s eligible qualifying income must be less than 80% of the county median. The Bank’s CRA assessment area is comprised of the following counties in the state of New Jersey: Bergen, Passaic, Middlesex, Monmouth, Morris, Essex, Union, Burlington, Camden, Gloucester, Hudson, Hunterdon, and Somerset. Rates and terms will depend upon several factors including, but not limited to, the loan type, loan size, property type, loan purpose, your credit score, and property value. All loans are subject to credit approval in accordance with Columbia Bank’s lending policies. Certain restrictions apply. This offer can be withdrawn or modified at any time. Contact a branch representative to find out whether your property is in a qualified census tract, and to learn more about income requirements, purchase price limits, current rates, debt-to-income ratio requirements, and fees.
[2] Discounted rates are available for eligible applicants who meet specific income and credit criteria. Rates and terms are subject to change and may vary based on individual qualifications. Please contact a branch representative for details.
