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 offers terms of 30, 20, 15, 10, or even 7 years to repay your loan.

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.

NVE 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.

BERGEN COUNTY COMMUNITY DEVELOPMENT – AMERICAN DREAM PROGRAM

NVE Bank is a participating lender for American Dream Program offered by Bergen County Community Development. This program offers down payment assistant funds in the form of a 0% interest, deferred second mortgage combining up to $65,000 of HOME Program funds, which are paid back upon sale of house, transfer of title, or the home is longer your primary residence.  And closing cost assistant funds up to $10,000 which will become a grant after 10 years.  Applicants’ must live or work and Bergen County and their income must not exceed HOME Program limits established by HUD (US Department of Housing and Urban Development). Other limits and restrictions may apply. Applicant must be pre-qualified with Bergen County Community Development before applying for a mortgage with NVE Bank by contacting Bergen County Homeownership Center at 201-336-7206 or americandream@co.bergen.nj.us