Lending Rates 

 
Residential Mortgage Rates - Fixed Rate Programs
Effective 10/3/2019
 ProgramInterest Rate $ per $1,000  Points APR*Maximum Loan Amount 

30 Year Fixed*

 

4.250%

$4.92

0.0% 

4.295%

$484,000 

4.375%

$4.99

0.0% 

4.416% 

$726,000

4.625% 

$5.14

0.0% 

4.666% 

$1,000,000 

20 Year Fixed

 

 

3.850%

$5.98

0.0% 

3.908%

$484,000 

4.000%

$6.06 

0.0% 

4.053% 

$726,000 

4.250%

$6.19

0.0%

4.302%

$1,000,000

15 Year Fixed

 

 

3.350%

$7.08

0.0%

3.417%

$484,000

3.625%

$7.21

0.0% 

3.687% 

$726,000 

3.750%

$7.27

0.0%

3.809%

$1,000,000

10 Year Fixed

 

 

2.990%

$9.65

0.0%

3.081%

$484,000

3.100%

$9.70

0.0%

3.180%

$726,000

3.250%

$9.77

0.0%

3.326%

$1,000,000

7 Year Fixed

 

 

2.750%

$13.10

0.0% 

2.871% 

$484,000

2.850%

$13.15

0.0%

2.955%

$726,000

2.950%

$13.19

0.0%

3.048%

$1,000,000

Residential Mortgage Rates - Adjustable Rate Programs
Effective 10/3/2019
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



3.400%

$4.43

0.0%

4.449%

$484,000

12 monthly payments of $2,146.45, 347 payments at $2,443.91, 1 final payment of $2,445.61

3.625%

$4.56

0.0%

4.438%

$726,000

12 monthly payments of $3,310.93, 347 monthly payments of $3,668.61, and 1 final payment of $3,670.61

3.850%

$4.69

0.0%

4.481%

$1,000,000

12 monthly payments of $4,688.08, 347 monthly payments of $5,056.85, and 1 final payment of $5,060.41

3/1/30 ARM:



3.625%

$4.56

0.0%

4.339%

$484,000

36 monthly payments of $2,207.29, 323 monthly payments of $2,432.19, and 1 final payment of $2,431.19

3.750%

$4.63

0.0%

4.363%

$726,000

36 monthly payments of $3,362.22, 323 payments of $3,652.80, and 1 final payment of $3,655.85

4.000%

$4.77

0.0%

4.420%

$1,000,000

36 monthly payments of $4,774.15, 323 payments of $5,043.59, and 1 final payment of $5,044.41

5/1/30 ARM:



3.625%

$4.56

0.0%

4.218%

$484,000

60 monthly payments of $2,207.29, 299 monthly payments of $2,418.20 and 1 final payment of $2,420.79

3.750%

$4.63

0.0%

4.260%

$726,000

60 monthly payments of $3,362.22, 299 payments of $3,634.93 and 1 final payment of $3,634.56

4.000%

$4.77

0.0%

4.354%

$1,000,000

60 monthly payments of $4,774.15, 299 payments of $5,027.37, and 1 final monthly payment of $5,025.96

7/1/30 ARM:



4.000%

$4.77

0.0%

4.301%

$484,000

84 monthly payments of $2,310.69, 275 payments of $2,425.11 and 1 final payment of $2,426.33

4.375%

$4.99

0.0%

4.479%

$726,000

84 monthly payment of $3,624.81, 275 payments of $3,668.51 and 1 final payment of $3,668.43

4.500%

$5.07

0.0%

4.540%

$1,000,000

359 monthly payment of $5,066.85 and 1 final payment of $5,069.26

10/1/30 ARM:



4.750%

$5.22

0.0%

4.708%

$484,000

120 monthly payment of $2,524.77, 239 payments of $2,471.74 and 1 final payment of $2,472.42

4.875%

$5.29

0.0%

4.784%

$726,000

120 monthly payment of $3,842.05, 239 payments of $3,721.92 and 1 final payment of $3,720.68

5.000%

$5.37

0.0%

4.862%

$1,000,000

120 monthly payment of $5,368.22, 239 payments of $5,146.10 and 1 final payment of $5,144.94

All rates subject to change without notice.

LTV Limits by Loan Amount:

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

**Refinance Transactions - maximum LTV of 90%
**Purchase Transactions - maximum LTV of 95% (1-2 Family, Condo or Townhome, Owner-Occupied)

Investment Properties (1-4 Family):

Eligible for all ARM programs except 1/1/30 (Add .75% to Rate)
Eligible for 7, 10, 15 and 20 year Fixed Rate programs (Add .75% to Rate)
Purchase and No Cash-Out Refinance max.LTV of 75%;
Cash out refinance maximum to 65%.
Maximum Loan Amount of $550,000 on Investment Properties.

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 10/3/2019
Loan TypeInterest Rate**APRProperty TypeMaximum Loan Amount
5 year fixed Home Equity Loan

1st lien

3.000%

3.008%

1-4 family

$484,000

2nd lien

3.500%

3.512%

1-4 family

$350,000

10 yr Fixed Home Equity Loan

1st lien

3.350%

3.354%

1-4 family

$484,000

2nd lien

3.850%

3.856%

1-4 family

$350,000

15 yr Fixed Home Equity Loan

1st lien

3.850%

3.853%

1-4 family

$484,000

2nd lien

4.350%

4.354%

1-4 family

$350,000

20 yr Fixed Home Equity Loan

1st lien

4.125%

4.127%

1-4 family

$484,000

2nd lien

4.625%

4.628%

1-4 family

$350,000

Notations for Interest Rates on Home Equity Loans

** Interest rates listed are for borrowers opting for a Loan Linked account which is based on having monthly loan payments being deducted from a qualified NVE Bank checking account and maintains an average monthly collected balance of $1,000.00. The interest rate will be 0.250% higher for borrowers opting for monthly Coupons; resulting in a higher APR (Annual Percentage Rate).

Loan to Value Limitations Home Equity Loans Accounts
75% of the appraised value unless the combined mortgage balances exceed $500,000, then only 65% of the appraised value will be used up to a combined total of $750,000.

Rates and terms reflected are for 1-4 family owner-occupied properties in NJ.

Home Equity Line of Credit Rates
Effective 10/3/2019
HELOC ProgramDraw PeriodFeesRepayment TermTotal TermAPRFloorRepayment Terms

1 year / 20 year

1 year

$113.00

20 years

21 years

4.500% fixed during draw period then Prime floating monthly during repayment

5.000% 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

$113.00

20 years

25 years

Prime floating monthly (currently 5.000%)

5.000%

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

Loan to Value Limitations Home Equity Loans Accounts
75% of the appraised value unless the combined mortgage balances exceed $500,000, then only 65% of the appraised value will be used up to a combined total of $750,000.

The maximum loan amount for 1-4 family properties is $500,000.
Maximum lifetime APR 14.25%.
Rates and Terms reflected are for 1-4 family owner-occupied properties in NJ.

Auto Loan Rates
Effective 10/3/2019
Loan TypeInterest Rate**APRModel YearMaximum Loan Amount

New Auto

3 year

4.550%

4.550%

2019

$40,000

4 year

4.800%

4.800%

2019

$40,000

5 year

5.050%

5.050%

2019

$40,000

Used Auto

3 year

5.050%

5.050%

2017-2019

$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 

 

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