Lending Rates 

 

 

Residential Mortgage Rates - Fixed Rate Programs
Effective 10/15/2021
 ProgramInterest Rate $ per $1,000  Points APR*Maximum Loan Amount 

30 Year Fixed*

3.250%

$4.35

0.0% 

3.286%

$484,000 

3.375%

 $4.42

0.0% 

3.407%

$726,000

3.500%

 $4.49

0.0% 

3.531%

$1,000,000 

20 Year Fixed

3.125%

 $5.61

0.0% 

3.147%

$484,000 

3.125%

 $5.61

0.0% 

3.168%

$726,000 

3.375%

 $5.74

0.0%

3.417%

$1,000,000

Featured Product

15 Year Fixed

2.375%

$6.61

0.0% 

2.420% 

$726,000 

2.600%

$6.72

0.0%

2.643%

$1,000,000

Featured Product

10 Year Fixed

2.125%

 $9.26

0.0%

2.187%

$726,000

2.400%

 $9.38

0.0%

2.460%

$1,000,000

Featured Product

7 Year Fixed

1.990%

$12.76

0.0%

2.073%

$726,000

2.100%

$12.81

0.0%

2.177%

$1,000,000

Residential Mortgage Rates - Adjustable Rate Programs
Effective 10/15/2021
ProgramInterest Rate$ per $1,000PointsAPR*Maximum Loan AmountAdjustable Rate Mortgage (ARM) Payment Streams based on Max Loan Amount (payments do not include amounts for taxes and insurance premiums, if applicable. Actual payment obligation will be greater):

1/1/30 ARM



3.000%

 $4.22

0.0%

2.918%

$484,000

12 monthly payments of $2,040.56, 347 monthly payments of $2,008.98, 1 final payment of $2008.68

3.125%

 $4.28

0.0%

2.924%

$726,000

12 monthly payments of $3,110.01, 347 monthly payments of $3,014.80, 1 final payment of $3,013.53

3.500%

$4.49

0.0%

2.952%

$1,000,000

12 monthly payments of $4,490.45, 347 monthly payments of $4,157.93, 1 final payment of $4,160.15

3/1/30 ARM:



3.250%

 $4.35

0.0%

2.992%

$484,000

36 monthly payments of $2,106.40, 323 monthly payments of $2,016.17, 1 final payment of $2,015.96

3.375%

 $4.42

0.0%

3.015%

$726,000

36 monthly payments of $3,209.62, 323 monthly payments of $3,028.19, 1 final payment of $3,026.44

3.625%

 $4.56

0.0%

3.070%

$1,000,000

36 monthly payments of $4,560.51, 323 monthly payments of $4,181.65, 1 final payment of $4,183.63

5/1/30 ARM:



3.375%

 $4.42

0.0%

3.077%

$484,000

60 monthly payments of $2,139.75, 299 monthly payments of $2,026.21, 1 final payment of $2,024.76

3.500%

 $4.49

0.0%

3.119%

$726,000

60 monthly payments of $3,260.06, 299 monthly payments of $3,045.90, 1 final payment of $3,044.92

3.625%

 $4.56

0.0%

3.166%

$1,000,000

60 monthly payments of $4,560.51, 299 monthly payments of $4,204.40, 1 final payment of $4,205.38

7/1/30 ARM:



3.875%

 $4.70

0.0%

3.380%

$484,000

84 monthly payments of $2,275.95, 275 monthly payments of $2,058.48, 1 final payment of $2,059.06

4.250%

 $4.92

0.0%

3.558%

$726,000

84 monthly payments of $3,571.48, 275 monthly payments of $3,114.30, 1 final payment of $3,115.75

4.375%

 $4.99

0.0%

3.616%

$1,000,000

84 monthly payments of $4,992.85, 275 monthly payments of $4,301.58, 1 final payment of $4,300.97

10/1/30 ARM:



4.125%

 $4.85

0.0%

3.689%

$484,000

120 monthly payments of $2,345.70, 239 monthly payments of $2,099.78, 1 final payment of $2,098.38

4.375%

 $4.99

0.0%

3.845%

$726,000

120 monthly payments of $3,624.81, 239 monthly payments of $3,175.64, 1 final payment of $3,177.16

4.625%

 $5.14

0.0%

4.005%

$1,000,000

120 monthly payments of $5,141.40, 239 monthly payments of $4,409.23, 1 final payment of $4,410.75

All rates subject to change without notice.

LTV Limits by Loan Amount:

New Purchases (Primary Residence Only)
Loan amounts up to $484,000 require 95% LTV (with PMI)**
Loan Amounts of $484,001 - $726,000 require 80% LTV
Loan Amounts of $726,001 - $1,000,000 require 75% LTV

Cash-Out Refinances (Primary Residence Only)
Loan Amounts up to $726,000 require 70% LTV
Loan Amounts of $726,001 - $1,000,000 require 60% LTV

 

All ARM Programs - Index, Margin & CAPS:

Index: 1 Year US Treasury Security Weekly Average
Margin: 2.75%
Max. & Min. 2.00% Periodic Adjustments / 6.00% Lifetime Cap

*Annual Percentage Rate (APR) - The APR may vary based on loan amount. May be increased after closing for Adjustable Rate Mortgage (ARM)
Displayed interest rates are for 1-4 family owner-occupied dwellings in New Jersey.

Home Equity Loan Rates
Effective 10/15/2021
Loan TypeInterest Rate**APRProperty TypeMaximum Loan Amount
5 year fixed Home Equity Loan

1st lien

3.000%

3.011%

1-4 family

$484,000

2nd lien

3.500%

3.515%

1-4 family

$350,000

10 yr Fixed Home Equity Loan

1st lien

3.250%

3.256%

1-4 family

$484,000

2nd lien

3.750%

3.758%

1-4 family

$350,000

15 yr Fixed Home Equity Loan

1st lien

3.500%

3.504%

1-4 family

$484,000

2nd lien

4.375%

4.381%

1-4 family

$350,000

20 yr Fixed Home Equity Loan

1st lien

3.750%

3.653%

1-4 family

$484,000

2nd lien

4.750%

4.754%

1-4 family

$350,000

Notations for Interest Rates on Home Equity Loans

** Interest rate discount is available. If monthly loan payments will be deducted from qualified NVE checking account, which maintains $2,500.00 monthly collected balance, the interest rate will be 0.50% lower resulting in a lower APR (Annual Percentage Rate).

Loan to Value Limitations & Notations for Home Equity Loans Accounts

70% of the appraised value of the combined balances including for NVE & non-NVE 1st lien

Non-NVE 1st lien mortgage balance cannot exceed $500,000

Combine mortgage balances cannot exceed $750,000

Rates and Terms reflected are for 1-4 family and condo owner-occupied properties in NJ

Fees: Applicaton Fee of $125 and Mortgage Recording Fee of up to $115.

Home Equity Line of Credit Rates
Effective 10/15/2021
HELOC ProgramDraw PeriodRepayment TermTotal TermAPRFloorRepayment Terms

1 year / 20 year

1 year

20 years

21 years

3.250% fixed during draw period then Prime floating monthly during repayment

3.250% during repayment period

Interest only payments during the draw period will be equal to the amount of accrued finance charges on the last day of the billing cycle. Principal plus Interest payments during the repayment period will be equal to the accrued finance charge on the last day of the billing cycle plus .417% of the principal balance outstanding on the last day of the draw period. A minimum principal payment of $50.00 will be required.

5 year / 20 year

5 years

20 years

25 years

Prime floating monthly (currently 3.250%)

3.250%

Interest only payments during the draw period will be equal to the amount of accrued finance charges on the last day of the billing cycle. Principal plus Interest payments during the repayment period will be equal to the accrued finance charge on the last day of the billing cycle plus .417% of the principal balance outstanding on the last day of the draw period. A minimum principal payment of $50.00 will be required.

Notations for Home Equity Lines of Credit

70% of appraised value.
The maximum loan amount for first lien is $484,000
The maximum loan amount for second lien is $350,000.
Second lien is available only if NVE Bank is a first lien holder.

Combined mortgage balances cannot exceed $750,000.
Maximum lifetime APR 14.25%
Rates and Terms reflected are for 1-4 family and condo owner-occupied properties in NJ

Fees: Application Fee of $350 and Mortgage Recording Fee of $115

Auto Loan Rates
Effective 10/15/2021
Loan TypeInterest Rate**APRModel YearMaximum Loan Amount

New Auto

3 year

4.550%

4.550%

2021-2022

$40,000

4 year

4.800%

4.800%

2021-2022

$40,000

5 year

5.050%

5.050%

2021-2022

$40,000

Used Auto

3 year

5.050%

5.050%

2019-2021

$20,000

Notations for Automobile Loans (vehicle must be titled in NJ)
Available for autos registered in New Jersey (excluding residents of Atlantic, Burlington, Cape May, Cumberland, Gloucester and Salem counties)
90% maximum loan to value for new automobile loans
80% maximum loan to value for used automobile loans 

Fees: Recording Fee of up to $85.

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