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David Tepper - AVP Gibraltar Bank 973-602-3987 (o) 201-988-4063 (c) davidt@Gibraltarbankfsb.com NMLS # 369022 |
Portfolio Mortgage Rates
WE ARE A PORTFOLIO BANK AND CAN DO THE DEALS
THAT THE BIGGER LENDER'S WON'T!
As strong as our name, since 1909! Application fee refunded at closing.
Free 60 Day Rate locks on ALL Program ! Loans are underwritten locally at our Whippany, NJ office.
| CURRENT MORTGAGE RATES** | |||||
| Program | Rate | Points | APR | Max Loan | Fees In APR |
| 30 Yr. Fixed | 3.500 % | 0 | 3.536% | $417,000 | $ 625 |
| 30 Yr. JUMBO | 3.625% | 0 | 3.661% | $625,250 | $ 625 |
| 20 Yr Fixed | 3.375 % | 0 | 3.411% | $417,000 | $625 |
| 20 Yr JUMBO | 3.500 % | 0 | 3.536% | $625,250 | $625 |
| 15 Yr. Fixed | 2.750 % | 0 | 2.776% | $417,000 | $ 625 |
| 15 Yr. JUMBO | 3.000 % | 0 | 3.026% | $625,250 | $ 625 |
| 10 Yr. Fixed | 2.750 % | 0 | 2.761 % | $ 417,000 | $ 625 |
| 10 Yr. Jumbo | 2.875 % | 0 | 2.886 % | $ 625,250 | $ 625 |
| 5/1 ARM | 2.500 % | 0 | 2.430 % | $ 600,000 | $ 625 |
| 7/1 ARM | 3.000 % | 0 | 2.930 % | $ 600,000 | $ 625 |
| $ | |||||
| EQUITY LOANS & LINES | |||||
| 15 Yr. Fixed | 4.250% | 0 | 4.250% | $500,000 | $0 |
| HELOC | 3.250% | 0 | 3.250% | $500,000 | $0 |
| LOAN SALE GOING ON NOW. APPLICATION FEE OF $350 REFUNDED AT CLOSING. NOTES to Mortgage Loans: 1. NJ Properties Only: Owner Occupied, 2nd Home and Investment. 2. Required Down Payment and Maximum Conforming Loan Amounts: 10% for: single family and condo’s up to $417,000; 20% and 2 family up to $533,850, 3 family up to $645,300, 4 family up to $801,950. All loans over 80% require private mortgage insurance (PMI). JUMBO loans: higher down payments required. 3.Fees: Application Fee $350 for single family / $550 for 2 – 4 family residence; Other closing fees apply. 4.ARM Loans: ARM index is the weekly average yield on the United States Treasury Securities adjusted to a constant maturity of 1 year = 0.12% for week ending 12/23/2011 Margin of 2.75%. 3 year ARMS have a 2% per adjustment 0cap and a 6% lifetime cap. 5, 7 and 10 year ARM have 2% per adjustment cap and a 5% lifetime cap. 5.Investment Properties: 1-4 family properties and condos. Max LTV 75% and add 3.00 points for Conforming Rate, or for "0" points add 1.00% to Conforming Rate. Rates subject to change without notice. | |||||
Rates are as of 02/12/2013
Available for 1-4 Family owner occupied residences in NJ. Rates shown as of publication date and are subject to change at any time.
Max. loan is $ 500,000. Rates are for 80% LTV,FICO>720. PMI required on all loans with less than 20% down.
Some restrictions apply. Additional rates and programs available. Call Dave Tepper @ 973-602-3987 for details.
Gibraltar Bank-2 Railroad Plaza Whippany, New Jersey 07981
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David Tepper - AVP Gibraltar Bank 973-602-3987 (o) 201-988-4063 (c) davidt@Gibraltarbankfsb.com NMLS # 369022 |
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