1 - 4 Family Owner Occupied Properties

Blue Foundry Bank offers the following mortgage loan options for 1-4 family owner occupied properties. These low cost loan products provide a great vehicle to help you achieve your dreams.

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Fixed Rate Mortgages

Rates as of Thursday, July 2, 2020

Product DescriptionInterest RatePointsAPRPayment per $1,000Payments
Fixed Rate Mortgages
30 Year Fixed3.625%0.0003.669%$4.56Show Payments
15 Year Fixed3.375%0.0003.454%$7.09Show Payments

Annual Percentage Rate (APR) is based on a loan amount of $500,000 on a purchase transaction with 20% down payment. Rates quoted above are for loan amounts up to $1,000,000 for the purchase or refinance of an existing single-family home, primary residence located in New Jersey, assumes an 80% loan to value ratio and a credit score of 740. Your actual rate will depend upon several factors, including but not limited to, the loan amount, loan type, occupancy, property type, loan purpose, your credit score and property value. Private Mortgage Insurance is required for down payments less than 20%. Property insurance is required and flood insurance may be required. Payments shown do not include taxes, property insurance or monthly mortgage insurance, if applicable. Your actual payment obligation will be greater. Rates are floating until locked and are subject to change at any time without notice. Other terms and conditions may apply. All loans are subject to credit approval. Contact a loan representative for more information by calling 888-931-BLUE.


Adjustable Rate Mortgages

Rates as of Thursday, July 2, 2020

Product DescriptionInterest RatePointsAPRPayment per $1,000Payments
10/1/30 ARM
10/1/30 ARM3.500%0.0003.544%$4.49Show Payments
7/1/30 ARM
7/1/30 ARM3.375%0.0003.418%$4.42Show Payments
5/1/30 ARM
5/1/30 ARM3.375%0.0003.418%$4.42Show Payments

Annual Percentage Rate (APR) is based on a loan amount of $500,000 on a purchase transaction with 20% down payment. Rates quoted above are for loan amounts up to $1,000,000 for the purchase or refinance of an existing single-family home, primary residence located in New Jersey, assumes an 80% loan to value ratio and a credit score of 740. Your actual rate will depend upon several factors, including but not limited to, the loan amount, loan type, occupancy, property type, loan purpose, your credit score and property value. Private Mortgage Insurance is required for down payments less than 20%. Property insurance is required and flood insurance may be required. Payments shown do not include taxes, property insurance or monthly mortgage insurance, if applicable. Your actual payment obligation will be greater. Rates are floating until locked and are subject to change at any time without notice. Other terms and conditions may apply. All loans are subject to credit approval. Contact a loan representative for more information by calling 888-931-BLUE.

For Adjustable Rate Mortgage (ARM) loans, your rate will adjust annually after the initial term of 5, 7 or 10 years. Adjustments will be based on an index plus margin. The index used is the weekly average of U.S. Treasury Securities adjusted to a constant maturity of one year, plus a margin of 2.75%. At each adjustment period the rate cannot increase more than 2% nor can it increase more than 6% above the initial interest rate over the life of the loan.