Leading the way to financial freedom
Professional, friendly service
Serving the community since 1923

As an independent bank with community ties dating back to 1923, we regard our customers as real people with unique needs. The bank provides an array of deposit and lending services to meet the financial goals of its customers. Whether in the market for a loan or saving for the future, our friendly and knowledgeable staff is there to provide assistance every step along the way. We take pride in our excellent customer service and strive to make every customer's banking experience a pleasant one. We welcome the opportunity to serve you, please call or stop in today!

Products and Services

We Feature:
  Mortgage Loans
  Home Equity Loans
  Home Equity Lines of Credit
 
Other Products Available:
  No Income Verification Mortgages
  First Time Homebuyer Program
  Mortgages on Investment Properties
  Commercial Real Estate Loans
  Auto Loans
  Personal Loans

Current Mortgage Rates

Program Rate Points APR Max Loan Fees In
APR
 30 Year Fixed 5.625% 0 5.669% 80% LTV  475.00
 25 Year Fixed 5.500% 0 5.549% 80% LTV  475.00
 20 Year Fixed 4.875% 0 4.932% 80% LTV  475.00
 15 Year Fixed 4.625% 0 4.697% 80% LTV  475.00
 1/1 Year ARM - Margin 2.75% 4.250% 0 3.137% 80% LTV  475.00
 3/3 Year ARM - Margin 2.50% 4.375% 0 4.445% 80% LTV  475.00
 5/1 Year ARM - Margin 2.75% 4.375% 0 3.524% 80% LTV  475.00
 7/1 Year ARM - Margin 2.75% 4.750% 0 3.869% 80% LTV  475.00
 10/1 Year ARM - Margin 2.75% 5.000% 0 4.298% 80% LTV  475.00
Rates as of Jan. 27, 2010 and are subject to change.
Rates Quoted Are For Qualifying Applicants Only Rates may vary subject to loan amount, loan to value ratios, credit ratings, purpose of loan, etc., and are subject to change withouth notice. Application fee $475 (may be higher for 2 to 4 family properties). Please call for rates on non owner occupied properties, multi-family, and commercial type properties. New Bi-Weekly loans now available. 40 year payouts available on adjustable rate mortgages. Call for details!
[The information on this page is updated directly by the lender using HSH's LiveEdit service. Please contact the lender with any questions or comments about the information posted here.]

Home Equity Loans

Program APR TERM Max. Payout Min. Amount Max. Amount Max. LTV
 Home Equity Loans* 4.750% 5 yrs. 5 yrs. $5,000 $350,000 75%***
  5.125% 10 yrs. 10 yrs. $5,000 $350,000 75%***
  5.375% 15 yrs. 15 yrs. $5,000 $350,000 75%***
  5.750% 20 yrs. 20 yrs. $5,000 $350,000 75%***
 (1st Liens Only) 6.250% 30 yrs 30 yrs $5,000 $350,000 60%
 
*Owner occupied, 1 to 4 family dwellings only
**For equity loans where first mortgage is held by other institution with a balance greater than $1,000,000 - Max. LTV is 70%; balance greater than $1,500,000 - Max. LTV is 60%; balance greater than $2,000,000 - Max. LTV is 50%
***For equity loans in first position or loans where LPS holds the first mortgage and the property is located in Lincoln Park, Pequannock, Pompton Plains, Montville, Pine Brook, Towaco, Boonton, Boonton Township, Butler, Riverdale, Kinnelon or Wayne, the maximum LTV is 85%.
Fee of $175 upon receipt of early disclosures; Refundable Rates Quoted Are For Qualifying Applicants Only Rates may vary subject to loan amount, loan to value ratios, credit ratings, purpose of loan, etc. and are subject to change without notice

Home Equity Lines of Credit

Program Intro Term Intro APR Post Intro APR*** Draw Period Repymt. Period Min. Amount Max. Amount Max. LTV***
 Home Equity Lines of Credit* n/a n/a Prime-.50% 10 yrs 20 yrs $5,000 $350,000 75%
*Owner occupied, 1 to 4 family dwellings only
**New Customers Only
***Wall Street Journal Prime Rate as published on the 1st day of each month. Maximum rate to be charged over life of loan is 16.000%. Minimum rate to be charged over life of loan is 4.00%
****For equity lines in first position or lines where LPS holds the first mortgage and the property is located in Lincoln Park, Pequannock, Pompton Plains, Montville, Pine Brook, Towaco, Boonton, Boonton Township, Butler, Riverdale, Kinnelon or Wayne, the maximum LTV is 85%.*****For equity lines where first mortgage is held by other institution with a balance greater than $1,000,000 - Max. LTV is 70%; balance greater than $1,500,000 - Max. LTV is 60%; balance greater than $2,000,000 - Max. LTV is 50%
FEE OF $175 DUE AT TIME OF APPLICATION; REFUNDABLE AT CLOSING AN EARLY TERMINATION FEE OF $400 WILL BE CHARGED IF LINE IS TERMINATED WITHIN 18 MONTHS OF LOAN DATE

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31 Boonton Turnpike
Lincoln Park NJ, 07035
Phone: 973-694-0330
Fax: 973-694-3114

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