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Mortgage and Home Equity Loans
Home Equity - First Time Homebuyers - "As Approved" Loan available
Member FDIC/Equal Housing Lender

Rates as of:June 25, 2008

Rates are subject to change without notice.

Rates as of: June 25, 2008

Other loan programs are available,
Which one is best for you?
Loans originated in the Five County Delaware Valley Area of Pennsylvania
and counties of South New Jersey.
Call us at 610-586-4070

Conventional Fixed Rate Mortgage Loan Offerings A 30 year fixed mortgage is a type of mortgage loan that is repaid by the borrower making 360 equal monthly payments over a period of 30 years. A 15 year fixed mortgage is a type of mortgage loan that is repaid by the borrower making 180 equal monthly payments over period of 15 years. Since the borrower's payments are "fixed", the borrower can expect to make the same monthly payment for the entire term of the loan. A 30 year mortgage loan is the most widely accepted program used to finance a residential purchase. Truth in Lending Disclosures: Payment per $1,000: monthly require loan payment for each $1,000 borrowed. Loan payments are based on a 30 year amortization (360 equal monthly payments) and do not include taxes and insurance. "Borrowers that put less than 20% down could be required to purchase mortgage insurance, which could increase the APR and monthly payment amount. APR = Annual Percentage Rate. Jumbo Mortgage Loans A jumbo mortgage is a mortgage loan which is larger (over than the limits set by the Federal National Mortgage Association ($359,600 as of 01/01/05) and the Federal Home Loan Mortgage Corporation. Since these two agencies will not purchase these types of loans, they usually carry a higher interest rate (to enhance their value and marketability to investors). Truth in Lending Disclosures: Payment per $1,000 monthly required loan payment for each $1,000 borrowed. Loan payments are based on a 30 year amortization (360 equal monthly payments) and do not include taxes and insurance. "Borrowers that put less then 20% down could be required to purchase mortgage insurance, which could increase the monthly payment amount. APR = Annual Percentage Rate Adjustable Rate Mortgage Loan Offerings An Adjustable Rate Mortgage (ARM) is a mortgage loan that is most widely known for its low starting interest rate (when compared to the 30 & 15 Year mortgage loans). This "low" introductory rate is used to calculate the mortgage payment for a specified period of time. Once this introductory period is over, the interest rate is adjusted periodically based on a preselected index. The most commonly used index is the yield on the one-year Treasury bill. The new interest rate is determined by adding this index to a set margin (which is determined by the lender). Although there are a variety of adjustable rate mortgage programs available, the most common program is the One Year Adjustable Mortgage (one Year ARM). APR's on variable rate loans are subject to increase but may decrease form your to year, the borrower should be prepared to handle and increase in his/her monthly payment (should the index rate increase). Consult Lender for CAPS & Index. Truth in Lending Disclosures: Payment per $1000: Monthly required loan payment for each $1,000 borrowed. Loan payments are based on a 30 year amortization and do not include taxed and insurance. Listed payment amount only represents the introductory period. Payment subject to increase or decrease following the conclusion of the introductory period. "Borrowers that put less than 20% down could be required to purchase mortgage insurance, which could increase the monthly payment amount. APR = Annual percentage Rate. The APR on an adjustable/variable rate loans is subject to increase (but may decrease) following consummation of the credit transaction. Home Equity Mortgage Loan Offerings A fixed rate mortgage loan with a loan term from one year to a maximum of fifteen years and is repaid by the borrower making equal monthly payments of up to 180 months. Since the borrower's payments are"fixed", the borrower can expect to make the same monthly payment for the entire term of the loan. The loan uses a simple interest calculation which means that each day one day's interest is calculated and accrued until the next insurance. A home equity loan may be in a first of second lien position on the primary residence of the borrower and may be used for many purposes including but not limited to home improvements, automobile purchases, education funding and medical emergencies. A maximum of 80% total loans to property value will upper loan amount limit.