Mortgage Rates
RESIDENTIAL MORTGAGE RATES - 1 TO 4 FAMILY PROPERTIES IN NEW JERSEY
Interest Rates and Annual Percentage Rates (APRs) are as of Thursday, September 2, 2010
PROGRAM |
RATE |
POINTS |
ANNUAL PERCENTAGE RATE |
MONTHLY
PAYMENT
PER $1,000
|
|---|---|---|---|---|
FIXED RATE LOANS FROM $100,000 TO $174,999 |
||||
15 Year Fixed |
4.125% | 0.000 | 4.339% | $7.46 |
$450 Application Fee with NO Closing Cost NJ Refi
15Year Fixed (a) |
4.250% | 0.000 | 4.343% | $7.52 |
30 Year Fixed |
4.750% | 0.000 | 4.795% | $5.22 |
$450 Application Fee with NO Closing Cost NJ Refi 30Year Fixed (a) |
4.875% | 0.000 | 4.918% | $5.29 |
FIXED RATE LOANS FROM $175,000 TO $729,750 |
||||
15 Year Fixed |
4.125% | 0.000 | 4.339% | $7.46 |
|
No Closing Cost NJ Refi 15 Year Fixed (a) |
4.250% | 0.000 | 4.276% | $7.52 |
30 Year Fixed |
4.750% | 0.000 | 4.795% | $5.22 |
No Closing Cost NJ Refi 30 Year Fixed (a) |
4.875% | 0.000 | 4.878% | $5.29 |
JUMBO FIXED RATE LOANS FROM $729,751 TO $1,500,000 |
||||
15 Year Fixed (1) |
4.250% | 0.000 | 4.332% | $7.53 |
30 Year Fixed (1) |
5.000% | 0.000 | 5.054% | $5.37 |
ADJUSTABLE RATE LOANS FROM $100,000 - $1,500,000 |
||||
3/1 Adjustable Rate (2) |
4.000% | 0.000 | 3.369% | $4.77 |
5/1 Adjustable Rate (2) |
4.000% | 0.000 | 3.500% | $4.77 |
7/1 Adjustable Rate (2) |
4.250% | 0.000 | 3.738% | $4.92 |
10/1 Adjustable Rate (2) |
4.500% | 0.000 | 3.960% | $5.07 |
INTEREST ONLY ADJUSTABLE RATE LOANS FROM $100,000 - $1,500,000 |
||||
5/1 Adjustable Rate (2) |
4.250% | 0.000 | 3.565% | $3.54 |
7/1 Adjustable Rate (2) |
4.500% | 0.000 | 3.811% | $3.75 |
10/1 Adjustable Rate (2) |
4.750% | 0.000 | 4.172% | $3.96 |
SPECIAL LOAN PROGRAMS |
||||
ASB Affordable Housing (4) |
4.25% | 4.35% | $7.52 | |
NJHMFA Police / Fireman (5) Up to $417,000 |
4.38% | 4.45% | $7.59 | |
(a) Offer is valid for single family, owner occupied primary and secondary residences located in New Jersey. Minimum loan amount $175,000. Maximum loan amount $729,750. Offer is subject to program availability and may be cancelled at any time. Not all applicants will qualify and not all properties offered as collateral will be acceptable under this special program. Applicants will be responsible at closing for funding a tax and insurance escrow account, and any interim interest. Title and settlement services must be provided by a company from our Title Agency List. Alternatively, applicants may select their own title provider, however Atlantic Stewardship Bank will not then be responsible for any additional fees, other than for the mortgagor’s title insurance policy, charged by the alternative provider. Member FDIC.
1. Loan to value restrictions apply. Loans greater than $1,500,000 up to $3,000,000 at slightly higher interest rates.
2. Loan to value restrictions apply. Loans greater than $1,500,000 up to $3,000,000 at slightly higher interest rates. Annual Percentage Rate will change during term of loan.
3. Annual Percentage Rate will change during term of loan. These loans are interest only for the stated period which means that only interest is paid and there is no scheduled principal reduction during the specified term. Specifically, the 5/1 product requires interest only payments for the first 5 years, 7/1 product requires interest only payments for the first 7 years, and 10/1 product requires interest only payments for the first 10 years. After the interest only payment period ends, the monthly payment will increase and the loan will begin to amortize. When this occurs you will begin to make payments of interest and principal.
4. Purchase price and income restrictions vary by county. Call for further details.
5. Funds for this program are currently available for only first time homebuyer's who are also a currently employed police officer or fire fighter, as defined by the enabling legislation, who is a member of the Police and Fireman’s Retirement System with at least 1 year creditable service. Fees include $1,500 origination fee, $325 administration fee, $10 loan set up fee and $79 tax service fee. In addition the first 36 months there is a monthly $30 servicing fee, after 36 months the servicing fee for the remaining term of the loan is $18 per month.
THE FOLLOWING DISCLOSURES APPLY TO ALL THE MORTGAGE LOANS LISTED IN THE RATE TABLE
Quoted annual percentage rates (APR) are based on a loan amount of $100,000, assumes 20% equity in the home and FICO score of not less than 740. The property must be owner-occupied single family primary residence. There are rate and/or point adjustments required based on other factors, such as 2 - 4 family properties investment properties, second homes, higher loan to values cash out refinances, credit ratings (FICO scores), etc. Other pricing options and terms are available on some loan products. Other loan terms may apply to mortgage loans under $100,000. Call for details. All mortgage loans are subject to credit approval. Rates are subject to change.
