New Jersey Mortgage & Home Equity Rates
NJ Mortgage Rates
Explore competitive NJ mortgage rates tailored to meet the needs of homeowners across the state.
| PRODUCT | Rate | Points | APR* | Monthly Payment per $1,000 Borrowed |
|---|---|---|---|---|
| 30 Yr Fixed (Conforming) | 6.875% | 0.00% | 6.960% | $6.57 |
| 20 Yr Fixed (Conforming) | 6.750% | 0.00% | 6.860% | $7.60 |
| 15 Yr Fixed (Conforming) | 6.250% | 0.00% | 6.378% | $8.57 |
| 10 Yr Fixed (Conforming) | 6.125% | 0.00% | 6.303% | $11.16 |
| 25 Yr BiWeekly (Conforming) | 6.750% | 0.00% | 6.844% | $6.91 |
| 20 Yr BiWeekly (Conforming) | 6.625% | 0.00% | 6.733% | $7.53 |
| 15 Yr BiWeekly (Conforming) | 6.125% | 0.00% | 6.251% | $8.51 |
| 10/6 ARM (Conforming) | 6.875% | 0.00% | 6.960% | $6.57 |
| 7/6 ARM (Conforming) | 6.625% | 0.00% | 6.707% | $6.40 |
| 5/6 ARM (Conforming) | 6.625% | 0.00% | 6.707% | $6.40 |
| 3/6 ARM (Conforming) | 6.625% | 0.00% | 6.707% | $6.40 |
Contact us today to learn more about our competitive mortgage rates. Whether you're staying local or looking at properties outside of New Jersey, we're here to help you navigate the mortgage process and secure the best rates for your future home.
Rates are subject to change without notice.
Rates accurate as of Saturday, December 21, 2024.
Fixed Rate and Adjustable Mortgages:
The rate is based on the following assumptions.
1-4 family owner occupied dwelling
Maximum loan amount: $766,500
Down payment: 20%
NJ Property
*APR = Annual Percentage Rate
Current interest rates shown are indicative of market conditions and individual qualifications and will vary upon your loan amount, loan type, FICO score, purpose and loan to value. Rates and APRs are based on the following assumptions: 80% LTV, 720+ credit, single family residence, owner-occupied, purchase or rate/term transaction, loan amount, no subordinate financing.
Hazard Insurance is required and Flood Insurance may be required (if the property is located in a Flood Zone). The payment listed above does not include amounts for taxes and flood insurance premiums. The actual payment obligation will be greater. The rate lock period is 60 days and rates are subject to market conditions thereafter.
Loans are subject to credit approval.
In addition to the conforming loan products listed above, the Bank also offers JUMBO loans up to 80% of the purchase price or appraised value, construction loans, building lot loans, and a discounted program for First Time Home Buyers and Low-to-Moderate borrowers. To learn more about our loan programs or to receive a personalized loan quote, please reach out to us at (844) 626-2265 or email us at [email protected]. Thank you!
NJ Home Equity Rates
| PRODUCT | Rate | Points | APR* | Monthly Payment Per $1,000 Borrowed |
|---|---|---|---|---|
| 1st Lien 5 Yr (Conforming)** | 6.250% | 0.00% | 6.472% | $19.33 |
| 1st Lien 10 Yr (Conforming)** | 6.500% | 0.00% | 6.624% | $11.35 |
| 1st Lien 15 Yr (Conforming)** | 6.625% | 0.00% | 6.461% | $8.78 |
| 1st Lien 20 Yr (Conforming)** | 7.125% | 0.00% | 7.204% | $7.83 |
| 2nd Lien 5 Yr (Conforming)** | 6.375% | 0.00% | 6.602% | $19.51 |
| 2nd Lien 10 Yr (Conforming)** | 6.875% | 0.00% | 7.007% | $11.55 |
| 2nd Lien 15 Yr (Conforming)** | 7.000% | 0.00% | 7.096% | $8.99 |
| 2nd Lien 20 Yr (Conforming)** | 7.500% | 0.00% | 7.584% | $8.06 |
| HELOC - Fixed (Conforming)*** | 7.250% | 0.00% | 7.250% | $20.16 |
| HELOC - Adjust (Conforming)*** | 7.250% | 0.00% | 7.250% | $12.00 |
Rates are subject to change without notice.
Rates accurate as of Saturday, December 21, 2024.
Rates are for Primary and Secondary Residences Only.
Investment Properties add 1/2% to the rate.
**For the Fixed Rate equity programs:
Rate includes a 1/4% rate reduction for automatic payment from a checking account with Manasquan Bank at time of closing. Maximum Loan to Value is 80% for 1st lien or 2nd Lien behind an MB 1st mortgage. 75% less all other requests. No closing costs or application fees.
Hazard insurance is required, and Flood Insurance may be required (if the property is located in a Flood Zone.) The payment listed above does not include amounts for taxes and flood insurance premiums. The actual payment obligation will be greater.
Loans are subject to credit approval.
***For the HELOC programs:
Loan to Value: 75% for 1st Lien or 2nd Lien behind an MB 1st mortgage. 70% or less all other requests. Interest only is available for both line types. Interest calculated on average daily balance. Interest Only loan to value ratio cannot exceed 65%.
Rate includes a 1/4% rate reduction for auto payment from a checking account with Manasquan Bank.
HELOC Fixed Rate: Open-Ended Revolving Credit Line Draw Period. After the draw period (60 months), loan is subject to review and renewal. The minimum payment may not be sufficient to fully repay the principal outstanding. The outstanding balance remaining will be due and payable.
HELOC Adjustable Rate: Open-ended Revolving Credit Line Draw Period. After the draw period (120 months) the loan is subject to review and renewal. The minimum payment may not be sufficient to fully repay the principal outstanding. Outstanding balance remaining will be due and payable. Monthly payment will be larger of 1/180th the principal or $50 plus interest. The interest rate on the adjustable credit line is variable and is subject to change monthly to the Wall St. Journal Prime Rate as of the 15th of the prior month. The maximum annual percentage rate is 18%.
Hazard insurance is required, and Flood insurance may be required (if the property is located in a Flood Zone.) The payment listed above does not include amounts for taxes and flood insurance premiums. The actual payment obligation will be greater.
Loans are subject to credit approval.
Mortgage Calculator
Definitions
APR
Annual Percentage Rate
Mortgage amount
Original or expected balance for your mortgage.
Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Interest rate
Annual fixed interest rate for this mortgage. Please note that the interest rate is different from the Annual Percentage Rate (APR), which includes other expenses such as mortgage insurance, and the origination fee and or point(s), which were paid when the mortgage was first originated. The APR is normally higher than the simple interest rate.
Monthly payment
Monthly principal and interest payment.
Total payments
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.