Fixed Rate Mortgages
Loan Amounts up to $750,000
 Mortgage rates apply to one- to four-family homes and condominiums located in the state of New Jersey. A down payment of less than 20% is subject to Private Mortgage Insurance (PMI) availability and approval. The application fee is: $400 for 1 family and $600 for 2-4 family. There is a $250 attorney review fee payable prior to the loan closing date. Fixed Rate Mortgages tend to be the most popular loan product in today's market. The applicant(s) feel secure knowing that the principal and interest payment does not change over the loan term. Our fixed rate mortgage loans amortize over 10, 15, 20, 25 or 30 years. At the end of the loan term, the loan will be paid in full.
| LOAN TYPE/TERMS |
INT. RATE |
APR |
TERM (Months) |
ADDITIONAL INFORMATION |
MONTHLY PAYMENT PER $1,000 |
| 30 Years |
5.600% |
5.658% |
360 |
Mortgage will amortize over 30 years. |
$5.74 |
| 25 Years |
5.600% |
5.666% |
300 |
Mortgage will amortize over 25 years. |
$6.20 |
| 20 Years |
5.375% |
5.451% |
240 |
Mortgage will amortize over 20 years. |
$6.81 |
| 15 Years |
5.250% |
5.345% |
180 |
Mortgage will amortize over 15 years. |
$8.04 |
| 10 Years |
5.125% |
5.259% |
120 |
Mortgage will amortize over 10 years. |
$10.67 |
| APR is based on a one-family dwelling with a 20% down payment. A down payment of less than 20% requires PMI,
which will increase the
APR. |
Interest rates are locked in when we receive a completed application, a Lock-in fee is not required. All rates are subject to change without notification. Applicants must meet the bank's underwriting criteria. All above APRs are based on owner-occupied one-family dwellings; other programs are available.
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