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Schuyler Rates

Adjustable Rate Mortgages
TitleRateAPR*TermsAdditional InformationMonthly Payment Per $1000
10/1/30 3.500% 3.605% 360 Reprices annually after 10 years. $4.49
7/1/30 3.125% 3.448% 360 Reprices annually after 7 years. $4.28
5/5/30 2.750% 4.010% 360 Reprices every 5 years. $4.08
3/3/30 2.875% 3.994% 360 Reprices every 3 years. $4.15
1/1/30 2.250% 3.571% 360 Reprices annually after 1 year. $3.82
 
APR* = Annual Percentage Rate
  • APR's quoted are based on a one family owner occupied dwellings with a 20% down payment
  • Minimum Down Payment is 5%. Loans with less than 20% down will require Private Mortgage Insurance
  • Maximum Loan Amount is $500,000. Call for information on Jumbo Rates and Rates on Non-owner Occupied Properties.
  • Payment amounts shown are for principal and interest only and do not include required escrows for taxes and insurance which if applicable will make your payment obligation greater.
  • Adjustable Rate Mortgages (ARM) are variable and may increase or decrease during the life of the loan with the movements of an index rate. The renewal rate on the ARM is based on one, three, or five years plus a margin of 2.75%. The ARM product has a 2.00% adjustment cap and a 6.00% life cap.
  • ARM APR's based on the follwing index values: 1 Year Treasury Index - 0.89%; 3 Year Treasury Index - 1.58%; and 5 Year Treasury Index - 2.07%.
 
Interest rates and APR's are effective as of 1/13/2017

APPLY NOW for your Residential Loan

All Interest Rates Are Subject To Change Without Notice

Special Programs:
  • First Time Homebuyers Program: For owner occupied, one or two family, properties purchased in Kearny, Harrison, East Newark, North Arlington, Lyndhurst, and Rutherford.
    • Applicant must have had no ownership interest in any residential property during the preceding 3 year period
    • Qualifying Ratios increased to 32/40%
    • Minimum Credit Score of 725 or higher required for eligibility
    • Minimum 11% down payment with no PMI required
  • Well Qualified Borrower Program:
    • Owner occupied, one or two family, properties only
    • Qualifying Ratios increased to 32/40%
    • Minimum Credit Score of 750 or higher required for eligibility
    • Minimum 11% down payment with no PMI required