Current Loan Rates
Effective 2/4/2025
Zero Point Mortgage Programs with a Free 90 Day Rate Lock
Adjustable Rate Mortgages
rates_adjustable table
Fixed Rate Mortgages
rates_fixed table
Adjustable Rate and Fixed Rate loan amounts from $750,000 to $1,500,000 are 0.125% higher.
We offer a variety of programs including special ones for low and moderate income families.
Get a personalized quote, apply online or call us at 800-225-2176.
Rates and terms are subject to change without notice. Rates apply to purchase or refinance of 1-4 family owner-occupied homes in the State of New Jersey. The Annual Percentage Rate (APR) on an Adjustable Rate Mortgage (ARM) may increase after loan consummation. ARM caps: 2% annual, 6% lifetime. APRs shown reflect a 20% down payment. Mortgage insurance may be required depending on loan guidelines. If mortgage insurance is required, the mortgage insurance premium could increase the APR. The monthly payment shown does not include amounts for taxes and insurance, thus resulting in the actual payment obligation being greater. Our low and moderate income program is available for a 1-2 family primary residence purchased or refinanced in Hunterdon, Middlesex, Morris or Somerset counties.
Equity Loan Programs
Fixed Rate Home Equity Loans
- Borrow at a low, fixed interest rate.
- Interest is usually tax deductible.
- Other home equity programs are available.
- The interest rate for any Fixed Rate Home Equity Loan can be discounted by 0.25% when the monthly payment is automatically deducted from a Somerset Bank checking account.
Fixed Rate Home Equity Loan rates apply to single family owner-occupied homes in the State of New Jersey. Consult your tax advisor regarding deductibility of interest. Amount of loan is subject to available equity, income and credit history. Adequate property insurance is required. Rates and terms are subject to change without notice. Some longer term programs may not be available based on the lien position of the loan. Call Somerset Regal Bank for additional information.
Home Equity Credit Line
| Rate/APR |
|---|
| 7.50% |
- Borrow at prime.
- Quickly and easily access your funds.
- Only pay interest on the amount you use.
- Interest is usually tax deductible.
Apply online or call us at 800-225-2176.
Home Equity Credit Line rate applies to single family owner-occupied homes in the State of New Jersey. Consult your tax advisor regarding deductibility of interest. Amount of loan is subject to available equity, income and credit history. Rate is variable and subject to change based on the highest Prime Rate as published in the Wall Street Journal on the 15th day of each month and will not exceed 16.90%. Borrow at Prime for the life of the loan. Adequate property insurance is required. Rates and terms subject to change without notice.
