Skip to main content

First Mortgages & Refinance

Mortgage Refinance

Start an Application

Access Borrower Portal

First Mortgage Rules

  • 1 to 4 family dwellings
  • 20% minimum down payment
  • Minimum loan amount $25,000
  • Conventional loan amounts limited to $766,550. 

Considered ON Case BY CASE BASIS

  • Residential investment properties (subject to different rate schedule)
  • Jumbo loans (amounts over $766,550.00 at Management's discretion), add .25% to rate

First Time Home Owner Program

  • 10% Minimum down payment / No PMI
  • 0.25% Rate Reduction with auto payment from a Haddon Savings Bank Checking or Money Market Account
  • $500 bonus check at closing

First Mortgage Modification

Loan Amount Modification Fees

  • Above $150,000: $1,100
  • $50,001 to $150,000: $800
  • $50,000 and under: $500

First Mortgage Fees And Charges

Bank Fees

  • Application fee: $475 SFH/$675 Duplex
  • Processing fee: $250
  • Interest due from disbursement to end of the month
  • Final inspection fee: $75 to $150 (new construction only)

Borrower(s) Responsible To Provide:

  • Homeowner's Insurance Policy: $600 to $2,000
  • Survey of property: $500 (average cost)
  • Title Insurance (includes title company closing and recording fees):
    • Average Cost if Purchase $2,400 to $3,400
    • Average Cost if Refinance $1,500 to $2,300
  • Rates may change at any time

All loans subject to credit approval.


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. ($475 Single Family or $675 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


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 for free  - Download Adobe 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.