973-473-2200

New Telephone Number
(973) 778-6791
 

Home Mortgage Loans
Interest Rates and Terms

                                                                                                                                Effective: 04/17/2014
Type
Term
Rate
Points
APR**
Payment per $1000  
Max LTVR
Max Loan
Fixed
Fixed
Fixed
30
20
15
4.375%
3.750%
3.250%
0
0
0
4.404%
3.786%
3.293%
$4.99
$5.93
$7.03
90%
90%
90%
$500,000
$500,000
$500,000
Jumbo
Jumbo
Jumbo
30
20
15
4.625%
4.000%
3.500%
0
0
0
4.651%
4.032%
3.538%
$5.14
$6.06
$7.15
#
#
#
$1,500,000
$1,500,000
$1,500,000
ARM
ARM
ARM
ARM

10/1/30
7/1/30
5/1/30
3/3/30

3.500%
3.250%
3.000%
3.000%

0
0
0
0

3.280%
3.070%
2.940%
3.412%

$4.49
$4.35
$4.22
$4.22

90%
90%
90%
90%

$500,000*
$500,000*
$500,000*
$500,000*


**APR = Annual Percentage Rate
The payment per $1000 shown above does not include amounts for taxes and insurance premiums, if applicable. Your actual payment obligation will be higher.
# $500,000 - $1,000,000, max LTVR 75%, $1,000,001 - $1,500,000 max LTVR 65%
*ARM - Adjustable Rate Mortgage loans: $500,001-$1,000,000, maximum LTVR 80%, $1,000,001 - $1,500,000 max LTVR 65%
 ARM payments are subject to change after the loan is closed due to market-driven changes to the index; rates and payments may increase after loan consummation.

NO DUPLEXES

Interest rates and terms are subject to change without prior notice


Conforming Loan Amounts & Loan to Value Ratios (LTVR)
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
1 Family: 90% LTVR accepted with private mortgage insurance (For loans up to $417,000)
Condominium: 80% LTVR
2-4 Family: 80% LTVR
Second Home: 80% LTVR Interest rate 1/4% higher / 1 Family only
Investment: 75% Interest rates 1/2% higher

Construction - Permanent Loans
(Please call the mortgage department for details)

Refinance
1-4 Family: 80% LTVR
Condominium: 80% LTVR
Second Home: 75% LTVR Interest rates 1/4% higher / 1 Family only
Investment: 70% LTVR Interest rates 1/2% higher

Jumbo Loan Amounts & Loan to Value Ratios - FIXED RATE

1 Family, Condos: $500,001 -$1,000,000 75% LTVR
2 Family: $600,001 - $1,000,000 75% LTVR
3 Family: $750,001 - $1,000,000 75% LTVR
4 Family: Up to $1,000,000 80% LTVR
All 1-4 Family, Condo Loans: $1,000,001 - $1,500,000 65% LTVR

Jumbo Loan Amounts & Loan to Value Ratios - ADJUSTABLE RATE
1 Family, Condos: $500,001 -$1,000,000 80% LTVR
2 Family: $600,001 - $1,000,000 80% LTVR
3 Family: $750,001 - $1,000,000 80% LTVR
4 Family: Up to $1,000,000 80% LTVR
All 1-4 Family, Condo Loans: $1,000,001 - $1,500,000 65% LTVR

 


Application Fee: $590, due after initial disclosures provided
                          (Appraisal, credit report, flood certification fees will be billed separately)