Loan Rates

 
Effective as of NOVEMBER 10, 2020

Mortgage Rates - Purchase and Refinance

Conventional Purchase and Refinance Application fee $470.00 is refunded at closing*
Product TypePointsInterest RatesAnnual Percentage Rates (APR)

10 Year 20% Down

(Payment is $9.37 per $1,000)

0

2.375%

2.43%

15 Year 20% Down

(Payment is $6.67 per $1,000)

0

2.50%

2.54%

20 Year 20% Down

(Payment is $5.48 per $1,000)

0

2.875%

2.91%

30 Year 20% Down

(Payment is $4.21 per $1,000)

0

2.99%

3.03%

30 Year First Time Buyer

(Payment is $4.08 per $1,000)

0

2.75%

2.77%

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 County or Ocean County. 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. Rates are subject to change without notice.
* Application fee includes the cost of the appraisal, credit report fee and flood search fee.  Application fee is refunded at closing.
Rates are subject to change without notice

Home Equity Loans - No closing costs

First Lien Position
Rate TermInterest RateAnnual Percentage Rate (APR)

5 Year

(Payment is $17.69 per $1,000)

2.375%

2.375%

10 Year

(Payment is $9.48 per $1,000)

2.625%

2.625%

15 Year

(Payment is $6.79 per $1,000)

2.75%

2.75%

20 Year

(Payment is $5.61 per $1000)

3.125%

3.125%

30 Year

(Payment is $4.35 per $1000)

3.25%

3.25%

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. Loan must be in first lien position or Freehold Bank has the first mortgage. 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. 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 fee is $120.00. Loan amount greater than $100,000 and less than $250,000.00 the fee is $380.00. Loan amount greater than $250,000.00 up to $510,400.00 the fee is $530.00.
Rates are subject to change without notice

Second Lien Position
Rate TermInterest RateAnnual Percentage Rate (APR)

5 Year

(Payment is $18.30 per $1,000)

3.75%

3.75%

10 Year

(Payment is $10.13 per $1,000)

4.00%

4.00%

15 Year

(Payment is $7.65 per $1,000)

4.50%

4.50%

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. 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 fee is $120.00. Loan amount greater than $100,000 and less than $250,000.00 the fee is $380.00.  Loan amount greater than $250,000.00 up to $510,400.00 the fee is $530.00.
Rates are subject to change without notice
Rate are subject to change without notice

Home Equity Line of Credit

Rate Term

Special 3.00% Interest Only 10 Years (Prime Rate 3.25% Minus .25 Basis Points)*

*Automatic payments from a savings or checking account held at Freehold Bank. Without automatic payments the rate will be the PRIME RATE PLUS 1%. Subject to credit approval. Please call for details. Rates are subject to change without notice. Application fee - Loan amount of $10,000.00 and less than $100,000 the fee is $120.00. Loan amount greater than $100,000 the and less than $250,000.00 the fee is $380.00. Loan amount greater than $250,000.00 the application fee is $530.00.  Maximum 80% LTV if Freehold Bank does have the first lien or 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%.
Rates are subject to change without notice.

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