Fixed Rate Mortgages

Looking to Buy Your Dream Home or Refinance Your Existing Home? 
Magyar Bank offers a variety of terms so you can choose which one best fits your needs. Your payment will be fixed based on the term you select so you will always know what your principal and interest payment will be.
If you would prefer to print and mail your application click here. You will need Adobe Reader to view this document.  If you do not have Adobe Reader, you may visit their website here  to download the software.

Fixed Rate Mortgage - PURCHASE/REFINANCE

Rates as of Monday, September 17, 2018

Interest RatePointsAPRPayment per $1,000Apply
10 Year Fixed - Purchase/Refinance*
15 Year Fixed - Purchase/Refinance*
20 Year Fixed - Purchase/Refinance*
30 Year Fixed - Purchase/Refinance*
*APR=Annual Percentage Rate and subject to change without notice. Maximum Loan to Value for Purchase & Refinancing is 95% for 1 family owner occupied. All Cash Out refinancing will receive a .25% added premium to the current rate. Maximum LTV for Cash Out refinancing is 70%. All Loan to Values between 80.01 – 95% will require Private Mortgage Insurance approval. Minimum loan amount $25,000. Loan amounts above $417,001- $2,000,000 will be considered a Jumbo Loan and receive a .25% added premium to the current rate. Loan amount above $2,000,000 will be considered. Please call for rate 732-342-7600.
All Loans Subject to Credit Approval.