First Mortgages & Refinance

Mortgage Refinance

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Access Borrower Portal

First Mortgage Rules

  • 1 to 4 family dwellings
  • 20% minimum down payment
  • Minimum loan amount $25,000.00
  • Conventional loan amounts limited to $453,000.00; Jumbo loans (amounts over $453,000.00), add .250%

Considered by Case

  • Residential investment properties (subject to different rate schedule)

First Mortgage Modification

Loan Amount Modification Fees

  • Above $150,000.00: $1,100.00
  • $50,001.00 to $150,000.00: $800.00
  • $50,000.00 and under: $500.00

First Mortgage Fees And Charges

Bank Fees

  • Application fee: $450.00 SFH/$650.00 Duplex
  • Processing fee: $225.00
  • Interest due from disbursement to end of the month
  • Final inspection fee: $75.00 to $150.00 (new construction only)

Borrower(s) Responsible To Provide:

  • Homeowner's Insurance Policy: $500.00 to $1,100.00
  • Survey of property: $250.00 to $350.00
  • Title Insurance (includes title company closing and recording fees):
    • Average Cost Purchase $2,200.00
    • Average Cost Refinance $1,350.00
  • Rates may change at any time

All loans subject to credit approval.

Forms

Please print out, read and complete each form carefully and sign where necessary.

PLEASE NOTE: A non-refundable application fee is due upon your receipt of our letter, which includes disclosure information on your loan. ($450.00 Single Family or $650.00 Duplex.) Along with the application fee, please submit the following:

  • Signed Sales Agreement (for purchase transactions).
  • Homeowners Insurance Policy Declaration Pages (For refinance transactions).
  • Evidence of Flood Insurance (For properties located in a flood hazard zone).
  • TWO MOST RECENT W-2(s), Earnings statement(s) and/or Tax Return(s).
  • Self-Employed Borrowers THREE MOST RECENT Business and Personal Tax Returns.
  • TWO MOST RECENT Pay Stub(s)/statement(s)
  • Self-Employed Borrowers MOST RECENT Financial Statement(s)
  • MOST RECENT Property Tax Bill or Statement

Mortgage Rates

PLEASE NOTE: You will need to have Adobe Acrobat Reader to print out the above documents. If you do not have it installed, you may download it free https://get.adobe.com/reader/

Our primary lending area is South Jersey . Loans outside this lending area will be considered on a case-by-case basis. All settlements are held at the main office of the bank, 201 White Horse Pike, Haddon Heights, NJ.

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