We previously announced that Ion Bank entered into an agreement to acquire Lincoln 1st Bank of New Jersey.
During the weekend of July 8th – 10th, branch & online banking services will be temporarily unavailable as Lincoln 1st becomes Ion Bank.
Please click here to see the schedule for Ion Bank services for the weekend of July 8th – July 10th.

Great rates can be found at Ion Bank.

Utilize the equity in your home for anything you need with a Home Equity Loan or Line of Credit from Ion Bank.

Rates as of Tuesday, June 28, 2022

Home Equity Loan

$10,000.00 Minimum Loan Amount
Second Lien Position

Loan ProgramAPRPayment
5 Year4.000%Calculate Payments
7 Year4.250%Calculate Payments
10 Year4.500%Calculate Payments
15 Year4.750%Calculate Payments
20 Year5.250%Calculate Payments
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Rates include a 0.50% discount with automatic payment deduction from a Ion Bank personal checking account. If the automatic payment is terminated for any reason, the rate will increase by 0.50%. Rates are subject to change without notice.

Maximum loan is limited to 85% of appraised value less consideration of first mortgage. No closing costs means the borrower is not charged for any of the standard closing costs of the mortgage for loan amounts under $250,000. Property without a first mortgage is eligible, but attorney fees may be required at the expense of the borrower. All loans are subject to credit approval. Approval restrictions may apply.

Home Equity Line of Credit

Prime + .50% Home Equity Line of Credit

Loan ProgramAPRPayment
Prime plus .50%4.75%Calculate Payments
Start New Application Resume Application

The Annual Percentage Rate (APR) is a variable rate and is based on the Wall Street Journal’s Prime Rate plus .50%. As of June 16, 2022, Prime Rate is 4.75% and APR is 4.75%. Maximum APR that will apply during the life of this line is 18%. Minimum APR (floor) is 4.75%. The annual fee of $50 is waived and will continue to be waived as long as automatic payment deduction continues from an Ion Bank checking account. Offer is good on owner-occupied 1-4 family residences up to 80% loan-to-value. Minimum check amount is $500. Property insurance may be required. Properties listed or to be listed for sale within six months are not eligible. Rates are subject to change. Loans above $250,000 may be required to be closed by an attorney.