Personal Mortgage

When you shop for a mortgage, you're prepared to make some long-term promises. Shouldn't you get some in return?
At Clifton Savings Bank, our mortgage commitment begins before you sign any papers. We're committed to excellent rates and some of the best terms around. And we keep our loans, so our commitment includes superior service after you sign the loan papers.

We're here to help every step of the way. If you're shopping for your first home, our first-time home buyers program helps you get started. Come talk to us about your home buying or refinancing plans. You'll like our mortgages. You'll like our rates. You'll love our service!

You can use our calculators right now to estimate your monthly payment or figure out how much you can afford. For more information, call our Mortgage Department at (973) 473-2200, or toll-free at (888) 562-6727. Or, if you're ready to proceed now, click below to request an application package!

When You're Ready for a
Long-term Commitment,
Make Sure Your Bank Is, Too.

Residential First Mortgages Effective 08/14/2008
Type	Term	Rate	Points	APR	Payment per $1000	Max LTVR	Max Loan
Fixed	30	6.500%	0	6.599%	$6.32	90%	$500,000
Fixed	20	6.125%	0	6.249%	$7.24	90%	$500,000
Fixed	15	5.875%	0	6.027%	$8.37	90%	$500,000
Jumbo	30	7.000%	0	7.067%	$6.65	#	$1,000,000
Jumbo	20	6.625%	0	6.707%	$7.53	#	$1,000,000
Jumbo	15	6.375%	0	6.474%	$8.65	#	$1,000,000
ARM	10/1/30	5.875%	0	5.658%	$5.92	90%	$500,000*
ARM	7/1/30	5.750%	0	5.462%	$5.84	90%	$500,000*
ARM	5/1/30	5.625%	0	5.323%	$5.76	90%	$500,000^*
ARM	3/3/30	5.375%	0	5.648%	$5.60	90%	$500,000*
ARM	1/1/30	5.000%	0	5.079%	$5.37	90%	$500,000*

*ARM (Adjustable Rate Mortgage) loans: $500,001-$750,000, maximum LTVR 70%; $750,001-1,000,000, maximum LTVR 60%.

Conforming Loan Amounts & Loan to Value Ratios
Loans over 80% LTVR must have private mortgage insurance.
1 Family, Condos:	$500,000 maximum	$25,000 minimum
2 Family:	$600,000 maximum	$25,000 minimum
3 Family:	$750,000 maximum	$25,000 minimum
4 Family:	$1,000,000 maximum	$25,000 minimum
Purchase-All loan programs
1-2 Family:	90%	Accepted with private mortgage insurance
Condominium:	85%	Accepted with private mortgage insurance
3-4 Family:	80%
Second Home:	80%	Interest rate 1/4% higher / 1 Family only
Investment:	75%	Interest rates 1/2% higher
Construction - Permanent Loans
(Call the mortgage department for details)
Refinance - All loan programs
1-4 Family:	80%
Condominium:	80%
Second Home:	75%	Interest rates 1/4% higher / 1 Family only
Investment:	70%	Interest rates 1/2% higher
Jumbo Loan Amounts (fixed rate) & Loan to Value Ratios (all loan programs)
1 Family, Condos:	$500,001 -$750,000	70% loan to value ratio in all cases
2 Family:	$600,001 - $750,000	70% loan to value ratio in all cases
3 Family:	$750,001 - $1,000,000	60% loan to value ratio in all cases
4 Family:	Up to $1,000,000	80% loan to value ratio in all cases
All 1-2 Family loans:	$750,001 - $1,000,000	60% loan to value ratio in all cases
Application Fees
1 Family, Condominium:	$485.00, due at time of application
2-4 Family:	$650.00, due at time of application
Attorney Review Fee:	$235.00, due at time of closing
Rates and terms are subject to change without prior notice

Mortgage Mag - An on-line magazine featuring mortgage, lending and banking information.

Easier Home Loans - A terrific source for consumers, providing calculators, credit information, and glossary, a sample application and many features helpful for shopping for a mortgage.