Lending Rates Effective June 23, 2015
TYPE
FIXED RATE MORTGAGES
30 Year Fixed
30 Year Fixed – Fresh Start*
20 Year Fixed
20 Year Fixed – Fresh Start*
15 Year Fixed
15 Year Fixed – Fresh Start*
10 Year Fixed
10 Year Fixed – Fresh Start*
FIRST TIME HOMEBUYER
30 Year Fixed
LOAN AMOUNT
up to $417,000
up to $417,000
up to $417,000
up to $417,000
up to $417,000
up to $417,000
up to $417,000
up to $417,000
Purchase Only
up to $417,000
RATE
POINTS
APR
COST PER $1,000
BORROWED
4.125%
4.250%
3.750%
3.875%
3.250%
3.375%
3.125%
3.250%
0 PTS
0 PTS
0 PTS
0 PTS
0 PTS
0 PTS
0 PTS
0 PTS
4.176%
4.259%
3.820%
3.888%
3.338%
3.391%
3.253%
3.273%
$4.85
$4.92
$5.93
$5.99
$7.03
$7.09
$9.71
$9.77
4.000%
0 PTS
4.051%
$4.77
One and two unit eligible properties including condominiums located in Middlesex county. Must be for an owner occupied primary
residence. Income restrictions apply.
FIXED RATE JUMBO MORTGAGES
$417,001to $625,500
30 Year Fixed
$417,001 to $625,500
20 Year Fixed
$417,001 to $625,500
15 Year Fixed
$417,001 to $625,500
10 Year Fixed
ADJUSTABLE RATE MORTGAGES
Up to $625,500
5/1/30 ARM*
4.125%
3.875%
3.375%
3.250%
0 PTS
0 PTS
0 PTS
0 PTS
4.135%
3.889%
3.393%
3.276%
$4.85
$5.99
$7.09
$9.77
3.000%
0 PTS
3.048%
$4.22
3.164%
$4.35
3.667%
$4.77
$100,000 results in 60 payments of $421.60 @ 3.00% and 300 payments of 423.06 @ 3.000%
7/1/30 ARM *
up to $625,500
10/1/30 ARM *
up to $625,500
3.250%
0 PTS
$100,000 results in 84 payments of $435.21 @ 3.250% and 276 payments of $424.30 @ 3.000%.
4.000%
0 PTS
$100,000 results in 120 PAYMENTS of $477.42 @ 4.000% and 240 payments of $436.93 @ 3.000%.
*This is a variable rate product. The interest rate and APR are subject to change. Examples shown only reflect the first/initial rate
change. Future changes may result in different payments. Payments DO NOT include any amounts for Taxes & Insurance Premiums. If
applicable, the actual payment will be greater.
Fresh Start Program is an option for ARM loans. Please see a loan officer for additional details.
Application Fee $495 & No Additional Fees for Appraisal, Credit Report & Flood Certification;
NO Commitment Fee, NO Loan Origination Fee, NO Tax Service Fee, NO Document Prep Fee
MAXIMUM LOAN AMOUNT
$625,500 for Single Family Owner-Occupied Properties in Middlesex, Monmouth, Union, Ocean, Morris, Passaic, Somerset, Sussex,
Bergen, Essex, Hudson & Hunterdon Counties & $417,000 for all others.
Please call for rates for loans up to $1,000.000.
Annual Percentage Rates (APR) & Rates shown are for Owner Occupied, Single-Family Homes (no cash-out refinance) with a maximum
loan to value (LTV) of 70% and a minimum credit score of 740. APRs for conventional loans up to $417,000 are calculated based on a
$100,000 loan amount. High balance loans ($417,001 - $625,500) APRs are based on a $500,000 loan amount. Your rate may vary
from those quoted based on factors specific to your transaction. Please contact a Metuchen Savings Bank Representative for further
information. All rates are subject to change without notice. All loan products are subject to credit approval. These rates are effective
as of 06/23/2015.
Equal Housing Lender
MEMBER FDIC
Lending Rates Effective June 23, 2015
TYPE
HOME EQUITY LOANS
5 Year Fixed
10 Year Fixed
15 Year Fixed
HOME EQUITY LINE OF CREDIT
15 Year Variable
LOAN AMOUNT
RATE
POINTS
APR
COST PER $1,000
BORROWED
up to $500,000
up to $500,000
up to $500,000
3.750%
4.000%
4.250%
0 PTS
0 PTS
0 PTS
3.750%
4.000%
4.250%
$18.30
$10.12
$7.52
up to $200,000
HELOC Mortgages. Annual Percentage Rate, Rates & APR's are for owner-occupied properties at a maximum of 70% Loan to Value
Ratio. If your first mortgage is currently with Metuchen Savings Bank, then the maximum Loan to Value Ratio is 80%. Annual
Percentage Rate (APR) shown equates to Prime plus 0.00% for the life of the credit line and is subject to change without notice. The
APR for this product is variable. Prime equates to the highest Prime Rate as quoted in The Wall Street Journal on the last business day
of the prior month; as of 3/31/2012, Prime Rate was 3.25% resulting in the advertised APR of 3.25%. The lifetime CAP is 16.00%.
Homeowners insurance is required.
PRIME RATE OF INTEREST
For Information Only
3.250%
For Additional Information Please Contact: Michele Palmucci @ 732.548.7400 x6350 NMLS # 405593
Equal Housing Lender
MEMBER FDIC