First Mortgage and Refinance


First Mortgage Rules :

  • 1 to 4 family dwellings
  • 20% minimum down payment
  • Minimum loan amount $25,000.00
  • Loan amounts limited to $453,000.00

Considered by Case:

  • Investment properties, add .500%
  • Jumbo loans (amounts over $453,100.00), add .250%

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.


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

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 obtain it free by clicking here.

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.

Mortgage Rates

Current Product Rates 09/18/2019-09/24/2019

*Payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment will be greater (i.e. escrowed items).

**Annual Percentage Rate


While Haddon Savings no longer offers ARM Loans we have included for your convenience The ARM Consumer Handbook and Disclosures document which can be downloaded via this link for your information.