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ALL RATES SUBJECT TO CHANGE WITHOUT NOTICE
Owner-Occupied Single Family Primary Residences
*APR is based on a $550,000 purchase loan with minimum credit score of 680 and maximum LTV of 95%. Maximum loan amount is $550,000 with a maximum purchase price of $687,500. Owner-occupied condominiums or single-family primary residences in Essex County only. Offer subject to credit approval. Flood insurance required if the property is located in a FEMA Special Hazard Flood Zone. Monthly payment examples do not include escrow amounts for real estate taxes, Private Mortgage Insurance (PMI) and/or insurance, if applicable. This may increase payment amount. Other terms and conditions may apply. To qualify for this program, applicant must be a first-time homebuyer (FTHB) or have not owned a home for prior three years and must attend a first-time homebuyer course. Applicants must have an income no greater than 120% of the area median income (AMI) and a debt-to-income (DTI) ratio no greater than 38%. A minimum down payment of 5% is also required with a 2% gifted cap and a $200,000 liquid/stock asset cap. The asset cap does not include retirement accounts. The minimum down payment requirement does not include down payment assistance (DPA) programs for low and moderate income (LMI) borrowers. PMI is waived for loans at 90% LTV or less. Applicants who qualify for this program and who have attended a Citizens’ Housing & Planning Association (CHAPA) certified FTHB course are eligible for a $1,500 closing cost credit.
1 Unit Cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated. Principal and interest payment only. This example does not include amounts for PMI, taxes and insurance premiums, if applicable. This may increase payment amount.
1 Unit Cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated. Principal and interest payment only. This example does not include amounts for PMI, taxes and insurance premiums, if applicable. This may increase payment amount.
For Loans of $100,000 to $2,000,000 APR is based on a $300,000 purchase loan with a maximum Loan to Value (LTV) Ratio of 80%. Offer subject to credit approval. Property insurance required. Flood insurance required if the property is located in a FEMA Special Hazard Flood Zone. Monthly payment examples do not include escrow amounts for real estate taxes and/or insurance, if applicable. This may increase payment amount. The APR denotes Annual Percentage Rate.
1 Unit Cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated. Principal and interest payment only. This example does not include amounts for taxes and insurance premiums, if applicable. This may increase payment amount.
For Loans of $100,000 to $2,000,000 (minimum loan amount for 10 year fixed rate is $150,000) APR is based on a $300,000 purchase or no cash out refinance loan with a maximum Loan to Value (LTV) Ratio of 80%. Offer subject to credit approval. Property insurance required. Flood insurance required if the property is located in a FEMA Special Hazard Flood Zone. Monthly payment examples do not include escrow amounts for real estate taxes and/or insurance, if applicable. This may increase payment amount. The APR denotes Annual Percentage Rate.
1 Unit Cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated. Principal and interest payment only. This example does not include amounts for taxes and insurance premiums, if applicable. This may increase payment amount.
All rates are subject to change without notice.
Rates change monthly with changes in the Prime rate of interest as published in The Wall Street Journal.
*Reduced closing costs available if the closing takes place in conjunction with an Institution for Savings 1st Mortgage closing, or lines of $50,000 or greater, (Primary Residence) otherwise, borrower pays costs. MAXIMUM ANNUAL PERCENTAGE RATE that can apply is 11.00%. Closing costs may range from $0.00 to $1,600. Maximum loan amount of $250,000. No minimum draw required at closing. Fees may be higher for lines in excess of $250,000.00 and/or loans secured by a first mortgage lien. These fees generally total between $400.00 and $2,500.00. Title Insurance is required for all loans in excess of $100,000 and for all other loans with no first mortgage or with a first mortgage from a non-institutional lender. Maximum combined loan to value ratio of 75%, 70% for Condominiums and Townhouses. Property Insurance is required. Other terms and conditions may apply. Important Terms of our Home Equity Line of Credit
**Rate Floor of 3.25
All rates are subject to change without notice.
1 Unit Cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated. Principal and interest payment only. This example does not include amounts for taxes and insurance premiums, if applicable. This may increase payment amount.
2 Payment that may apply during the first adjustment period.
2 Payment that may apply during the first adjustment period.
Maximum loan amount of $250,000. Maximum CLTV of 80% for loans secured by an Institution for Savings 1st mortgage on an owner-occupied primary residence (75% for condos and Townhouses.) Max CLTV of 75% for primary residences secured by another lenders first mortgage. Property insurance is required. Other terms and conditions may apply.
Bank NMLS Number: 2478201