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Home Equity Line of Credit

Home Equity Line of Credit 
 
Nassau/Suffolk 

*Terms and Conditions apply. New Loans Only. The Annual Percentage Rate (APR) is a variable interest rate and is equal to the highest Prime Rate as published in the Wall Street Journal which was 3.25% on 03/01/2021. To obtain this APR you are required to maintain a checking account with The Bank and to make required automatic monthly payments on amounts advanced under the Home Equity Line. If you do not wish to make the automatic payments from your checking account with the Bank, or if the automatic payment deduction is terminated for any reason, the APR on the account will increase to prime rate plus .25%. For non-auto pay accounts the increased rate will be effective immediately. For terminated auto pay, the increased rate will apply on the first day of the billing cycle following the termination of the automatic payment deduction. 
Rates and terms are subject to change without notice. The Loan term is 300 months, draw period is the initial 120 months. Interest only payments during the first 120 months, principal and interest payments for the remaining 180 months. The maximum APR that can apply is 24.90%. Closing costs will be paid by The Bank, but the borrower is responsible for third-party fees if the loan is satisfied and closed within three (3) years. Third-party fees generally range from $1,734.93 to $5,590.16. This Home Equity Line Of Credit will be secured by a mortgage on your primary 1-4 family or condominium residence. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a special flood hazard area. New applications only. Subject to credit approval. Minimum/maximum line amount $25,000/$500,000. Maximum Combined LTV of 60%. 
 
 
Brooklyn/Queens/Manhattan
*Terms and Conditions apply. New Loans Only. The Annual Percentage Rate (APR) is a variable interest rate and is equal to the highest Prime Rate as published in the Wall Street Journal which was 3.25% on 03/01/2021. To obtain this APR you are required to maintain a checking account with The Bank and to make required automatic monthly payments on amounts advanced under the Home Equity Line. If you do not wish to make the automatic payments from your checking account with the Bank, or if the automatic payment deduction is terminated for any reason, the APR on the account will increase to prime rate plus .25%. For non-auto pay accounts the increased rate will be effective immediately. For terminated auto pay, the increased rate will apply on the first day of the billing cycle following the termination of the automatic payment deduction. 
Rates and terms are subject to change without notice. The Loan term is 300 months, draw period is the initial 120 months. Interest only payments during the first 120 months, principal and interest payments for the remaining 180 months. The maximum APR that can apply is 24.90%. Closing costs will be paid by The Bank, but the borrower is responsible for third-party fees if the loan is satisfied and closed within three (3) years. Third-party fees generally range from $2,059.93 to $11,215.16. This Home Equity Line Of Credit will be secured by a mortgage on your primary 1-4 family or condominium residence. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a special flood hazard area. New applications only. Subject to credit approval. Minimum/maximum line amount $25,000/$500,000. Maximum Combined LTV of 60%.

Savings Accounts

Personal Statement Savings 
Minimum to Open is $50.00. Fees may reduce earnings on the account. Minimum Collected Balance To Receive Interest is $500. 
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K Savings 
Minimum to Open is $10.00. Fees may reduce earnings on the account. Minimum Collected Balance To Receive Interest is $500. 
 
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Business Statement Savings 
Minimum to Open is $50.00. Fees may reduce earnings on the account.

Money Market Accounts

Minimum to Open is $50.00. Fees may reduce earnings on the account. Minimum Collected Balance To Receive Interest is $500.

Certificates of Deposit (CDs)

Minimum to open is $500.00. Early withdrawal penalties may apply. Fees may reduce earnings on the account.

Fixed Rate Residential Mortgages

Fixed Rate Mortgage Products 
 
*The Annual Percentage Rate (APR) is based on a $500,000 loan amount, zero points and a down payment of 20%. The rate lock period is 75 days. Advertised rate is based on a credit score of 700. It does not include insurance and taxes; actual payment amounts may be higher. Escrow account may be required. This offer is valid for the purchase of a primary residence including 1 – 4 family, condominium or co-operative apartments. Rates and terms are effective as of 04/12/2021 and are subject to change without notice. This offer is subject to credit approval. 
 
 
 
$2,500 closing cost credit is for Purchase Transactions for New Loans Only, requires automatic payments from a FNBLI checking account and applies to loan amounts up to $2,500,000.00. 
 

10 year fixed at a 2.625% interest rate, the APR for this loan type is 3.071%. The monthly payment schedule would be: 

 
<ul><li>119 payments of $4,741.97 at an interest rate of 2.625%</li><li>1 payment of $4,741.91 at an interest rate of 2.625%</li></ul>
 
 
15 year fixed at a 2.750% interest rate, the APR for this loan type is 3.056%. The monthly payment schedule would be: 

 
<ul><li>179 payments of $3,393.11 at an interest rate of 2.750%</li><li>1 payment of $3,392.76 at an interest rate of 2.750%</li></ul>
 
 
20 year fixed at a 2.875% interest rate, the APR for this loan type is 3.112%. The monthly payment schedule would be: 

 
<ul><li>239 payments of $2,741.81 at an interest rate of 2.875%</li><li>1 payment of $2,740.67 at an interest rate of 2.875%</li></ul>
 
 
30 year fixed at a 3.125% interest rate, the APR for this loan type is 3.153%. The monthly payment schedule would be: 

 
<ul><li>359 payments of $2,141.88 at an interest rate of 3.125%</li><li>1 payment of $2,141.88 at an interest rate of 3.125%</li></ul>

Adjustable Rate Mortgages

Adjustable Rate Mortgages 
 
*The Annual Percentage Rate (APR) is based on a $500,000 loan amount, zero points and a down payment of 20%. The rate lock period is 75 days. Advertised rate is based on a credit score of 700. Rate is variable and may increase after Consummation. It does not include insurance and taxes; actual payment amounts may be higher. This offer is valid for the purchase of a primary residence including 1 – 4 family, condominium or co-operative apartments. Rates and terms are effective as of 03/08/2021 and are subject to change without notice. This offer is subject to credit approval. 
 
$2,500 closing cost credit is for New Loans Only, requires automatic payments from a FNBLI checking account and applies to loan amounts up to $1,500,000 
 
5/1 ARM with a 2.500% initial interest rate, the APR for this loan type is 2.932%. The monthly payment schedule would be: 
 
<ul>
<li>60 payments of $1,975.60 at an interest rate of 2.500%</li><li>299 payments of $2,059.80 at an interest rate of 2.875%</li><li>1 payment of $2,059.81 at an interest rate of 2.875%</li></ul>
 
7/1 ARM with a 2.625% initial interest rate, the APR for this loan type is 2.994%. The monthly payment schedule would be: 
 
<ul>
<li>84 payments of $2,008.25 at an interest rate of 2.625%</li><li>275 payments of $2,060.72 at an interest rate of 2.8750%</li><li>1 payment of $2,059.52 at an interest rate of 2.875%</li></ul>
 
10/1 ARM with a 2.875% initial interest rate, the APR for this loan type is 3.055%. The monthly payment schedule would be: 
 
<ul>
<li>359 payments of $2,074.46 at an interest rate of 2.875% 
</li><li>1 payment of $2,075.39 at an interest rate of 2.875%</li></ul>

Home Equity Loans

Home Equity Loans 
 
*The Annual Percentage Rate (APR) is based on a $500,000 loan amount, and a combined LTV of 75%. Advertised rate is based on a credit score of 700. Rate is variable and may increase after Consummation. This offer is valid for a second lien position on a primary residence in Nassau or Suffolk County, NY including 1 – 4 family, or condominium or co-operative apartments where FNBLI is in First lien position. The minimum/maximum loan amounts $25,000/$250,000 Maximum Combined LTV is 75%. Rates and terms are effective as of 03/08/2021 and are subject to change without notice. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a special flood hazard area. This offer is subject to credit approval. 
 
New Loans Only. Closing costs will be paid by The Bank, but the borrower is responsible for third-party fees if the loan is satisfied and closed within three (3) years. Third-party fees generally range from $1,734.93 to $5,590.16. 
 
5-year Home Equity at a 5.750% interest rate, the APR for this loan type is 5.750%. The monthly payment schedule would be: 
 
<ul>
<li>59 payments of $1,921.68 at an interest rate of 5.750%</li><li>1 payment of $1,921.79 at an interest rate of 5.750%</li></ul>
 
10-year Home Equity at a 5.990% interest rate, the APR for this loan type is 5.990%. The monthly payment schedule would be: 
 
<ul>
<li>119 payments of $1,109.70 at an interest rate of 5.990%</li><li>1 payment of $1,110.03 at an interest rate of 5.990%</li></ul>
 
15-year Home Equity at a 6.500% interest rate, the APR for this loan type is 6.500%. The monthly payment schedule would be: 
 
<ul>
<li>179 payments of $871.11 at an interest rate of 6.500%</li><li>1 payment of $870.65 at an interest rate of 6.500%</li></ul>

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Home Equity Line of Credit

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