Residential Mortgages NVE Bank

A red fixed rate stamp and a padlock with a red percentage sign embossed on the surface

Fixed Rate Mortgage

Overview

Your interest rate never changes.
You principal and interest payments stay the same.

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Perfect For

Those who plan to stay in their homes for a long time.

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The Fixed Rate Loan offers you the stability of a fixed interest rate with the benefit of having the same principal and interest payment over the lifetime of the loan. NVE Bank, A Division of Ion Bank offers terms of 30, 20, or even 15 years to repay your loan.

A red down arrow on one end of a seesaw and a green up arrow on the other end with a red percentage sign in the middle

Adjustable Rate Mortgage

Overview

You can get a lower interest rate for short period of time.

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Perfect For

Those who don’t anticipate to holding on the property for long.

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Adjustable Rate Mortgage Loans offer a lower introductory interest rate with lower interest and principal payments for predetermined initial period. After the initial period, the interest rate and principal payment can go up or down on an annual basis until you loan is repaid.

First Time Homebuyer Mortgage Loan

Overview

Turn your dream of home ownership into a reality! Minimum 5% down payment*. Refund of Bank’s 3^rd Party Fees at closing**.

* MI (mortgage insurance) is required with less than 20% down payment.
** Eligible for properties in Bergen County only.

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Perfect For:

Those who are tired of renting.

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NVE Bank, A Division of Ion Bank can help turn your dream of home ownership into a reality. Our First Time Home Buyer Mortgage program can help qualified buyers purchase a home with a down payment as low as 5%.
Eligibility and restriction requirements apply.