MORTGAGE RATES
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| Program Name | Rate | APR | Monthly Principal & Interest Payment Amount* | Description |
|---|---|---|---|---|
| 30 Year Fixed Monthly | 7.000% | 7.073% | 360 equal and consecutive monthly payments of $1,995.91 | Assumptions and disclaimers for the rates examples are based on: $300,000 loan amount, a minimum credit score of 740, 75% LTV, purchase of a primary residence, single family detached in New Jersey, first lien mortgage without subordinate financing, and with escrows for taxes. Rates may be higher for refinance transactions and/or refinancing of subordinate liens. Loans over 80% LTV require PMI Insurance. Rate Lock periods are 50 days for purchases and refinances. |
| 15 Year Fixed Monthly | 6.375% | 6.491% | 180 equal and consecutive monthly payments of $2,592.75 | Assumptions and disclaimers for the rates examples are based on: $300,000 loan amount, a minimum credit score of 740, 75% LTV, purchase of a primary residence, single family detached in New Jersey, first lien mortgage without subordinate financing, and with escrows for taxes. Rates may be higher for refinance transactions and/or refinancing of subordinate liens. Loans over 80% LTV require PMI Insurance. Rate Lock periods are 50 days for purchases and refinances. |
| 30 Year Fixed FHA | 6.625% | 7.688% | 360 equal and consecutive monthly payments of $2,888.00 | FHA Assumptions and disclaimers for the rates examples are based on: $400,000 loan amount (which includes an upfront mortgage insurance premium of $7,000), a minimum credit score of 680, 96.50% LTV, purchase of a primary residence, single family detached in New Jersey, first lien mortgage without subordinate financing. Actual payment obligation may be greater. Rate Lock periods are 50 days for purchases and refinances. |
| 30 Year Fixed Welcome Home | 6.375% | 6.671% | 360 equal and consecutive monthly payments of $1,687.06 | Welcome Home assumptions and disclaimers for the rates examples are based on: $260,000 loan amount, a minimum credit score of 660, 95% LTV, primary residence, single family detached property, first lien mortgage. 30-year fixed mortgage monthly payment is 360 equal and consecutive monthly payments. Principal and interest payments do not include taxes or insurance. Actual payment obligation may be greater. Rates may be higher for refinancing of subordinate liens. Rate Lock periods are 65 days for purchases and refinances. Rates are subject to change. Subject to credit approval. |
Effective Date December 20, 2024, 11:00 AM
Annual Percentage Rate (APR) is a measure of the interest rate plus any additional charges or fees associated with taking out a mortgage, expressed as a percentage.
*Interest Rates vary daily and are accurate as of the date above and subject to change without notice. Principal and interest payments do not include taxes, insurance or monthly mortgage insurance, if applicable. Actual payment obligation may be greater.
Additional loan programs are available. All rates are subject to pricing adjustments for credit score, loan to value, loan amount, occupancy, property type, how title is held and additional factors based on the loan program.
If you have any questions about these rates or the programs offered please reach out to your local branch or the contact center at 800.448.7768.
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