Gibraltar Bank is one of New Jersey’s oldest and finest financial institutions. It was founded in March, 1909, and was originally known as Gibraltar Building & Loan Association. Gibraltar Bank has three conveniently located branch offices in Essex and Morris counties, with a highly-trained staff and management team. Our ongoing mission is to provide FDIC insured deposits, promote homeownership and consistently offer a full line of products and services which help our local residents and businesses prosper.

Call David Tepper, Senior Loan Officer - AVP
He will be happy to help you find the right mortgage program for you.
973.602.3987 (o) or 201-988-4063 (c)
davidt@gibraltarbanknj.com
2 Railroad Plaza Whippany NJ 07981
NMLS #369022

First Mortgage Program Loan Sale! Application Fee refunded at closing on primary residence.

FREE 60-day Rate Lock on All Programs! Loans are all underwritten locally at our Whippany, NJ office.

Residential Mortgage Rates
Home Equity Line of Credit - HELOC
Program Rate Points APR Max Loan Fees In APR
HELOC Special 1st 6 months 2.750% 0 2.750% $500,000 $0
HELOC 3.250% 0 3.250% $500,000 $0
*NJ Properties Only. Above programs are for 1-2 family/condo owner occupied residences. Max LTV is 75% for 1st lien position & 70% for 2nd lien position. 2. Fees: 1-2 family/condo - Owner Occupied. Non-refundable Application fee of $250 for loans over $100,000 to $250,000; $375 for loans over $250,000 to $500,000; A $100.00 Recording and Discharge fee; Early Prepayment fee of $450 (if paid-in-full and closed within first 24 months). 3. Combo 1st & 2nd liens – Max of $500,000; Max LTV is 75%. 4. Insurance: Homeowners required, Flood (if applicable) and Title (may be required). 5. HELOC: Daily rate based on an Index, the Prime Rate as published in the Wall Street Journal = 3.250% as of 12/17/08, and a Margin which varies by product. Regular Program is Prime + 0.0%, Floor Rate 3.25%; Ceiling Rate 15.75%; 20 Year Term with Five (5) Year Draw Period; minimum loan amounts apply. Early Prepayment fee of $450 (if terminated in first 24 months).
Fixed Rate Home Equity - HE Loan
Program Rate Points APR Max Loan Fees In APR
5 YR FIXED 2.875% 0 3.001% $350,000 $0 Cost
10 YR FIXED 3.250% 0 3.251% $350,000 $0 Cost
15 YR. FIXED 3.500% 0 3.691% $350,000 $0 Cost
20 YR. FIXED 4.250% 0 4.251% $500,000 $100
*NJ Properties Only. Above programs are for 1-2 family/condo owner occupied residences. Max LTV is 75% for 1st lien position & 70% for 2nd lien position. 2. Fees: 1-2 family/condo - Owner Occupied. Non-refundable Application fee of $250 for loans over $100,000 to $250,000; $375 for loans over $250,000 to $500,000; A $100.00 Recording and Discharge fee; Early Prepayment fee of $450 (if paid-in-full and closed within first 24 months). 3. Combo 1st & 2nd liens – Max of $500,000; Max LTV is 75%. 4. Insurance: Homeowners required, Flood (if applicable) and Title (may be required). 5. HELOC: Daily rate based on an Index, the Prime Rate as published in the Wall Street Journal = 3.250% as of 12/17/08, and a Margin which varies by product. Regular Program is Prime + 0.0%, Floor Rate 3.25%; Ceiling Rate 15.75%; 20 Year Term with Five (5) Year Draw Period; minimum loan amounts apply. Early Prepayment fee of $450 (if terminated in first 24 months).
FDIC

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