Looking to Buy Your Dream Home or Refinance Your Existing Home?
Mortgage rates are at record lows, and now is the time to buy a home, or refinance your
existing loan with a Magyar Bank mortgage loan. With our variety or mortgage products,
you'll find the loan that best fits your needs.
Apply today using our online application, just select the term and check out our rates in the tables
below. If you have any questions, give us a call at 1.888.990.BANK or send us an email at
Fixed Rate Mortgage - 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 $453,101 - $2,000,000 will be considered a Jumbo Loan. Jumbo Loans
with a loan to value of 70% or below will receive the current advertised rates. Jumbo Loans with a loan
to value of 70.01% - 80.00% will receive our portfolio rates. Loan amounts above $2,000,000 will be
considered. Please call 732-342-7600 for portfolio and Jumbo rates above $2,000,000. All loans subject
credit approval. Applicants must be 18 years of age or older.
Adjustable Rate Mortgage - PURCHASE/REFINANCE
Rates as of Monday, September 17, 2018
|Interest Rate||Points||APR||Payment per $1,000||Apply|
|Adjustable Rate Mortgage 5/1 (Purchase/Refinance)*|
|Adjustable Rate Mortgage 7/1 (Purchase/Refinance)*|
|Adjustable Rate Mortgage 10/1 (Purchase/Refinance)*|
*APR=Annual Percentage Rate and subject to change without notice. Minimum Loan to Value for Purchase is 95% for a 1 family owner occupied. Maximum Loan to Value for refinancing is 90%. Maximum Loan to Value for Cash Out Refinancing is 70%. All Loan to Values between 80.01- 95% will require Private Mortgage Insurance approval. Minimum loan amount is $25,000 - $1,000,000. All ARM products have a 2% adjustment cap, with a 5% life cap. Loan amounts above $1,000,000 will be considered. Please call for rate 732-342-7600. All loans subject to credit approval. Applicants must be 18 years of age or older.