Loan Rates | Freehold Bank

Loan Rates

 

Let Freehold Bank Meet ALL of Your Lending Needs.  We Are Offering Historically Low Interest Rates.

Buying a home? Need to Refinance your existing loan?  Looking to do home improvements or debt consolidation?  No Closing Cost Refinance or Home Equity Loans?  CHECK OUT OUR RATES   

Scroll down for our current rates and call our experienced loan staff today at 732.462.6700.

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Mortgage Rates - Purchase and Refinance

Rates effective JANUARY 25, 2023

Conventional Purchase and Refinance - Application fee $520.00  
Product TypePointsInterest RatesAnnual Percentage Rates (APR)

10 Year 20% Down

(Payment is $10.48 per $1,000)

0

4.75%

4.81%

15 Year 20% Down

(Payment is $7.90 per $1,000)

0

4.99%

5.03%

20 Year 20% Down

(Payment is $6.81 per $1,000)

0

5.375%

5.41%

30 Year 20% Down

(Payment is $5.67 per $1,000)

0

5.49%

5.52%

30 Year First Time Buyer 20% Down

(Payment is $5.52 per $1,000)

0

5.25%

5.28%

Loan rates are based on a loan amount up to $726,200.00.  All rates are applicable to loans up to 80% Loan-to-Value. The home securing the loan must be the applicant's 1-4 family owner-occupied residence, town home or condominium located in Monmouth, Ocean, Mercer, Middlesex Counties. Payments noted above do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Other conditions may apply. Please call for details. Subject to credit approval. Rates are subject to change without notice.  * Application fee includes the cost of the appraisal, credit report fee and flood search fee.  

 

NO CLOSING COST Refinance and Home Equity Loans 

Loans can be used to refinance your existing loan, make home improvements, consolidate debt, and just about any other financial need you can think of all and with no closing costs.  

Rates effective JANUARY 23, 2023

First Lien Position
Rate TermInterest RateAnnual Percentage Rate (APR)

5 Year

(Payment is $18.87 per $1,000)

4.99%

4.99%

10 Year

(Payment is $10.73 per $1,000)

5.25%

5.25%

15 Year

(Payment is $8.17 per $1,000)

5.49%

5.49%

20 Year

(Payment is $7.09 per $1,000)

5.875%

5.875%

30 Year

(Payment is $5.99 per $1,000)

5.99%

5.99%

Loan rates are based on a loan amount up to $726,200.00. Interest rate and APR includes a 1/4% rate reduction for automatic payments transferred from a savings or checking account held at Freehold Bank and is applicable to loans up to 80% Loan-to-Value. The new loan must be in first lien position or Freehold Bank has the existing mortgage.  Other terms are available.  The home securing the loan must be the applicant's 1-4 family owner-occupied residence, town home or condominium located in Monmouth, Ocean, Mercer, and Middlesex County. Payments noted above do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Please call for details. Application fee - Loan amount of $100,000 or less the application fee is $120.00. Loan amount greater than $100,000 and less than $250,000.00 the application fee is $430.00. Loan amount greater than $250,000.00 up to $647,200.00, the application fee is $580.00. Mortgage recording fee of $40.00 is due at closing. Subject to credit approval.  Rates are subject to change without notice.  

Second Lien Position
Rate TermInterest RateAnnual Percentage Rate (APR)

5 Year

(Payment is $19.45 per $1,000)

6.25%

6.25%

10 Year

(Payment is $11.35 per $1,000)

6.50%

6.50%

15 Year

(Payment is $8.98 per $1,000)

6.99%

6.99%

Loan rates are based on a loan amount up to $250,000.00.  Interest rate and APR includes a 1/4% rate reduction for automatic payments transferred from a savings or checking account held at Freehold Bank and is applicable to loans up to 60% of Loan-to-Value, maximum loan amount of $250,000.00 if Freehold Bank does not have the first lien. Other terms are available. The home securing the loan must be the applicant's 1-4 family owner-occupied residence, town house or condominium located in Monmouth, Ocean, Mercer, and Middlesex County. Payments noted above do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation would be greater. Other conditions may apply. Please call for details. Rates are subject to change. without notice. Application fee - Loan amount of $100,000 or less the application fee is $120.00. Loan amount greater than $100,000 and less than $250,000.00 the application fee is $430.00. Mortgage recording fee of $40.00 is due at closing. Subject to credit approval.  Rates are subject to change without notice.

 

Home Equity Line of Credit

Rates effective JANUARY 25, 2023

Rate Term

* Special 6.50% Interest Only 10 Years (Prime Rate 7.50% Minus 1.00 basis points) Variable rate  

Without automatic payment the rate is 8.50% Interest Only 10 Years (Prime Rate 7.50% Plus 1%) Variable Rate 

*Automatic payments from a savings or checking account held at Freehold Bank. Without automatic payments the rate will be the PRIME RATE PLUS 1%. Other terms are available. Please call for details. The home securing the loan must be the applicant's 1-4 family owner-occupied residence, town house or condominium located in Monmouth, Ocean, Mercer and Middlesex counties.  Current Prime rate as of 12/14/2022 is 7.50%. Application fee - Loan amount of $10,000.00 and less than $100,000 the application fee is $120.00. Loan amount greater than $100,000 and less than $250,000.00 the application fee is $430.00. Loan amount greater than $250,000.00 the application fee is $580.00.  Maximum 80% LTV if Freehold Bank has the current first mortgage or the new mortgage will be the first lien. Maximum 60% LTV is Freehold Bank does not have the first lien. The Home Equity Line of Credit Account is payable in full upon maturity in a single Balloon payment. Maximum rate of 18%.  Mortgage recording fee of $40.00 is due at closing. Subject to credit approval.  Rates are subject to change without notice. 

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