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Personal lending solutions, built around you

With a home equity line of credit or a life insurance line of credit that allows you to access the equity in your whole life insurance policy, we have the smart solution for your unique needs.

Products & Services

Mortgage Solutions

If you are looking to purchase or refinance your home, we have many options that can help. Our loan officers meet with you at one of our branches, over the phone or at a location convenient for you. They’ll work with you every step of the way and explain all the details, so you can focus on what’s important.    

  • Fixed- and adjustable-rate mortgages
  • Terms from 5 to 30 years
  • Options for first-time homebuyers and low- and moderate-income borrowers

Home Equity Lines of Credit1

A home equity line of credit allows you to access the equity you built in your home, but only pay interest on the amount you actually use.  Up to 75% LTV (less any first-mortgage balance).  Whether you want to keep a rainy-day fund for emergencies or take advantage of the low variable rate while putting kids through school, a home equity line of credit could be the answer.

  • Borrow from $17,500 to $2,000,000
  • Only pay interest on the amount you use
  • Low, variable rates

Life Insurance Lines of Credit2

Access the equity in your whole life insurance policy. Borrow up to 95% of the cash value of a whole life insurance policy for any purpose, personal or business, and the interest may be tax deductible. Competitive rates based on WSJ prime rate. Borrowers must be individual person(s) or trusts; no corporations or pensions permitted. 

  • Term: 84 months
  • Minimum credit line: $65,000; maximum $5,000,000 (exceptions possible)
  • Access your funds with your checkbook, online banking or the Investors mobile app
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1 Home Equity Line of Credit: Variable Annual Percentage Rate (“APR”) based on The Wall Street Journal Prime Rate (“Prime”) published on the last business day of the month, (3.50% APR as of 03/31/2022.) Maximum APR 21%. Minimum APR 2.50%. Obtaining the best rate requires the following criteria to be met: 1) A new home equity line of credit application, 2) A line amount of $200,000 or more, 3) Line must be in first lien position, 4) Having an Investors Bank consumer checking account, set up with automatic monthly payment deduction at the time of origination, 5) A loan-to-value (LTV) of 80% or less (85% or less in Michigan), and 6) Strong creditworthiness. Our best rate, including all rate discounts, cannot be lower than 2.50% APR. Eligible properties include owner-occupied 1- to 4- family properties, condominiums, and 2nd/vacation homes. Ineligible properties include, but are not limited to: investment property (defined as non-owner occupied property), a co-op, mobile home, or manufactured housing. Property must be located in CT, DC, DE, FL, IL, IN, KY, MA, MD, ME, MI, NH, NJ, NY, OH, PA, RI, VA or VT. Rate and terms are subject to change and credit approval. Home equity lines of credit are available in first or second lien positions. Not available for homes currently for sale. Homes previously listed for sale must be off the market for at least ninety days prior to application. Property insurance required. Flood insurance may be required. No annual fee for the first year, then $50 per year thereafter during the Draw Period. Investors Bank, a division of Citizens Bank, N.A., offers Home Equity Lines of Credit as low as $17,500, but terms may vary.
 
2 Policy must be in effect for at least 12 months at the time of credit application. Insurance policy must be issued by one of the following approved insurance providers to be eligible as Life Insurance Line of Credit collateral: Guardian, MassMutual, Northwestern Mutual, NY Life, MetLife, John Hancock, Penn Mutual, Ohio National, Brighthouse Financial, Lafayette Life Insurance Company and Ameritas Life Insurance Corporation.
 
All loans subject to credit approval and satisfactory appraisal (if applicable). Mortgage loans provided by Investors Bank, a division of Citizens Bank, N.A.  Member FDIC & Equal Housing Lender. NMLS #433960
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