Loans are subject to credit approval.

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

² Wall Street Journal (WSJ) Prime Rate is 7.75% as of November 8, 2024. Annual Percentage Rate (APR) may vary. The maximum APR that can apply is 17.60%. There is a $50 annual fee. Minimum advance fee is $5, if advance amount is less than $300.

Closing costs may apply.
 

For new HELOCs: No closing costs for lines up to $250,000. 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 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. 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. 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. Other conditions may apply.