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Home Equity Loan Application

Please provide all the requested information within the application form. When you have completed the form press the "Submit Application" button to send your request for processing. We look forward to serving you.

Please read the following important disclosures. (The documents are in Adobe Acrobat PDF format. Click here to download Adobe Acrobat.) If you choose to continue with the application process, just scroll down and check the "I Agree" box at the bottom of the page and continue on to the application.

Important Notice Concerning Customer Privacy

Your trust is the most valuable asset of BankNewport and its affiliated companies, and we have had a long tradition of protecting your privacy. 

We have prepared a notice to explain how we collect, share and protect your personal information. This notice applies only to personal information obtained by us in connection with financial and insurance products and services primarily for personal, family or household purposes (and not business purposes). This notice takes precedence over any previous privacy notices issued by us.

Please review the following notice explaining what BankNewport does with your personal information.

BankNewport Privacy Notice

What You Should Know About Home Equity Lines of Credit

Please read the following important information provided by the Federal Reserve Board on Home Equity Lines of Credit.

What You Should Know About Home Equity Lines of Credit

Important Information About BankNewport Home Equity Lines of Credit

Please review the following Home Equity Line of Credit terms and conditions, as applicable.

Line of Credit Special

Line of Credit (7-year draw / 10-year repayment)

Would you like to continue?

Please click the checkbox to acknowledge that you have read and understand the terms and conditions of the above disclosures.

Continue to Application

Home Equity Loan Application

Today's date: 04.19.2014

BankNewport lends in Rhode Island and Southeastern Massachusetts only at this time.



Loan Information



Months



If you have chosen "Purchase of a home", "Home improvement" or"Refinance" as your loan type, additional information will appear when you make your selection. This information is obtained and provided to the Federal Government for monitoring purposes.


Property Information










Applicant Information















Income Information












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++ Income from alimony, child support or separate maintenance income need not be shown here unless you will rely upon it as a basis for undertaking or repaying the loan. The lender may inquire as to the liability of the applicant to pay alimony, child support or separate maintenance.

Previous Employment (if less than two years at current company):












Co-Applicant Information















Co-Applicant Income Information












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++ Income from alimony, child support or separate maintenance income need not be shown here unless you will rely upon it as a basis for undertaking or repaying the loan. The lender may inquire as to the liability of the applicant to pay alimony, child support or separate maintenance.

Co-Applicant Previous Employment (if less than two years at current company):












 

Agreements: 
 I/We apply for the loan indicated in this Internet Application which may be secured by a mortgage or deed of trust on the property described herein and represent that the property will not be used for any illegal or restricted purpose, and that all statements made in this Internet Application are true, complete and are made for the purpose of obtaining the loan. Verification may be obtained from any source named in this Application. I further authorize BankNewport from time to time and any other credit bureau or other investigative agency acting for BankNewport to investigate references herein listed, or statements, or other dates obtained from me or any other person pertaining to my credit and financial responsibility. I agree that a photocopy or facsimile of this Internet Application shall be as binding as the original. I understand that this Application will be retained by the lender, even if the loan is not granted. I/We hereby consent to and authorize the lender, HUD, FHA, FNMA or FHLMC, after the giving of reasonable notice, to enter the improved property for the sole purpose of determining that the improvements specified in this application have been completed. I understand that additional information may be required to process this Internet Application.

Disclaimer: By using this software the user hereby indemnifies and holds harmless BankNewport and all of its directors, agents and employees from any and all liability that may result from the use of this software. Product offers, rates, terms and other information provided herein are subject to change without notice. Due to occasional inaccessibility to our Web Site which may be beyond our control, BankNewport cannot guarantee the completeness or accuracy of the information provided herein. The information provided to you on our loan calculator is estimated and provided solely for your interactive enjoyment. The results are not guaranteed to be accurate. You may request these documents, or verify current offers, by writing to BankNewport at BankNewport, PO Box 450, Newport, RI 02840 or call 877-709-2265.

I/WE UNDERSTAND THAT THE SELECTION OF A CONTRACTOR OR DEALER, ACCEPTANCE OF MATERIAL USED AND WORK PERFORMED IS MY/OUR RESPONSIBILITY. NEITHER THE LENDER, HUD, FHA FNMA NOR FHLMC GUARANTEES THE MATERIAL OR WORKMANSHIP.

I/We  intend to occupy the property as my/our primary residence.

I/We understand that it may be a federal crime punishable by fine or imprisonment or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of the United States Criminal Code.

Please review all information carefully prior to submitting loan application.

Thank You... We look forward to serving you!