Mortgage Loans

15 Year Fixed

20 Year Fixed

25 Year Fixed

30 Year Fixed

40 Year Fixed

 1 Year Arm

3/1 Year Arm

5/1 Year Arm

7/1 Year Arm

10/1 Year Arm

 

All loans are for owner occupied 1-4 family dwellings only.
Minimum loan amount:  $25,000   Maximum loan amount:  $1,000,000.00.
Purchases - 10% Minimum down payment.  PMI required on all loans above 80% loan to value.
Refinances: maximum 70% loan to value.
All adjustable rate mortgage loans have a margin of 2.75%.
First-time Home Buyer and Affordable Housing Loans available.
Bi-weekly mortgage program

Mortgages Loan Rates
Effective: October 16, 2009

TERM

POINTS

 RATE APR**  PER THOUSAND
15 Year Fixed 0 4.375% 4.450% $7.59
1 4.125% 4.350%

$7.46
2 3.875% 4.249% $7.33
3 3.625% 4.149% $7.21
20 Year Fixed 0 4.750% 4.809% $6.46
1 4.500% 4.678% $6.33
2 4.250% 4.545% $6.19
3 4.000% 4.413% $6.06
25 Year Fixed 0 5.125% 5.176% $5.92
1 4.875% 5.026% $5.77
2 4.625% 4.876% $5.63
3 4.375% 4.725% $5.49
30 Year Fixed 0 5.250% 5.295% $5.52
1 5.000% 5.133% $5.37
2 4.750% 4.971% $5.22
3 4.500% 4.807% $5.07
40 Year Fixed 0 5.500% 5.538% $5.16
1 5.250% 5.363% $4.99
2 5.000% 5.186% $4.82
3 4.750% 5.007% $4.66

30 Year Adjustable Rate Mortgages 

TERM POINTS  RATE APR** PER THOUSAND 
1 Year ARM 0 4.750% 3.417% $5.22
1 4.500% 3.469%

$5.07
2 4.250% 3.532% $4.92
3 4.000% 3.595% $4.77
3/1 Year ARM 0 4.875% 3.657% $5.29
1 4.625% 3.683% $5.14
2 4.375% 3.710% $4.99
3 4.125% 3.737% $4.85
5/1  Year ARM 0 5.000% 3.920% $5.37
1 4.750% 3.914% $5.22
2 4.500% 3.907% $5.07
3 4.250% 3.901% $4.92
7/1 Year ARM 0 5.125% 4.192% $5.44
1 4.875% 4.156% $5.29
2 4.625% 4.119% $5.14
3 4.375% 4.083% $4.99
10/1 Year Arm 0 5.375% 4.643% $5.60
1 5.125% 4.568% $5.44
2 4.875% 4.493% $5.29
3 4.625% 4.419% $5.14

40 Year Adjustable Rate Mortgages 

TERM POINTS  RATE APR** PER THOUSAND 
1 Year ARM 0 5.000% 3.392% $4.82
1 4.750% 3.441%

$4.66
2 4.500% 3.492% $4.50
3 4.250% 3.543% $4.34
3/1 Year ARM 0 5.125% 3.623% $4.91
1 4.875% 3.647% $4.74
2 4.625% 3.668% $4.58
3 4.375% 3.689% $4.42
5/1  Year ARM 0 5.250% 3.877% $4.99
1 5.000% 3.870% $4.82
2 4.750% 3.863% $4.66
3 4.500% 3.856% $4.50
7/1 Year ARM 0 5.375% 4.138% $5.07
1 5.125% 4.105% $4.91
2 4.875% 4.071% $4.74
3 4.625% 4.038% $4.58
10/1 Year Arm 0 5.625% 4.577% $5.24
1 5.375% 4.508% $5.07
2 5.125% 4.439% $4.91
3 4.875% 4.370% $4.74

       ALL ADJUSTABLE RATE MORTGAGES ABOVE HAVE A MARGIN OF 2.75% ADDED TO THE INDEX.

 

The above examples of monthly payments "per thousand" do not include requirements for the collection of tax and insurance escrows.

FEE SCHEDULE:

One Family - $500.00

2-4 Family -  $650.00

Attorney Review Fee - $200.00 (Payable at closing)

 

Purchases - 10% minimum down payment

PMI required on all loans above 80% loan to value.

 

Refinances - 70% loan to value required.  

Condominium loans 

 

Bi-weekly mortgages available - 15, 20, 30 year fixed rate terms.  Payment deducted every 14 days from a Glen Rock Savings Bank checking account.

 

Investment Property Loans Available - Call for Rates.

 

Adjustable Rate Mortgages - All loans must be owner occupied 1-4 family dwellings.

All Adjustable Rate Mortgage loans have a margin of 2.75% added to index rate

 

$5,000 - $200,000 - 70% LTV less 1st Mortgage

$201,000 - $500,000 - 1st Lien - 70% LTV -  Owner occupied only.

1st time homebuyer and affordable housing loans available.

Please note: The rates listed above are subject to change at any time without notice.

For current rate and fee information, please click here or call 973-636-2596.