Loans

Loans are subject to credit approval.

¹ Applicant must have an Ocean personal checking, savings or money market account prior to closing. Additional conditions may apply. Subject to credit approval. HELOCs are available to U.S. residents who are U.S. citizens

² For lines up to $250,000: No closing costs. There is an appraisal fee for all HELOCs. If the loan closes, borrower will receive a credit at closing for the cost of the appraisal. If the loan does not close and the appraisal fee was collected after three business days of delivering the early disclosures in person or six business days by mail, the appraisal fee is non-refundable. For lines above $250,000: There are closing costs that must be paid by the borrower. A credit will be applied to the closing costs up to $1,600 and based on the average costs of a $250,000 line that would be incurred, excluding appraisal costs and title insurance, which are paid by the borrower. For all HELOCs paid-off and closed within 36 months of opening date, the borrower will be required to reimburse the Bank for the closing costs that were paid on their behalf.  For all HELOCs priced at Prime, a 10% initial advance at closing is required. Hazard and Windstorm insurance required. Flood insurance may be required. Third party costs and fees range between $650 and $8,000. Other fees may apply.