Residential Mortgages

Buying a house can be an exciting time, but it can sometimes be overwhelming. Let our professional staff help you through the mortgage process. At Community Bank of Bergen County you'll find the personalized service and attention that you can't always get at larger banks. Beyond our competitive rates, we will work with you every step of the way-giving you greater peace of mind.

Click Here to have a mortgage specialist contact you.

If you are interested in applying online for one of our great mortgage products or want to receive rate alerts try using our Online Mortgage Center. It's as easy as 1-2-3! 

Fixed Rate Mortgages

Choosing a fixed rate mortgage is most popular when purchasing or refinancing your home. Your interest rate and monthly principal and interest payments will remain the same for the lifetime of your loan protecting you from rising interest rates. The advantage of a set payment each month makes budgeting your finances easier.  

Community Bank has a new line of fixed mortgages to offer to their customers.  Introducing the Prestige Fixed Rate Mortgages! These mortgages are available in 15, 20 or 30 year loan terms with competitive rates, no points and are fixed for the life of the loan. 

Prestige Fixed Rate Mortgages

• Fixed P & I payments throughout the life of loan term
• No Points
• Competitive Rates
• Various Terms Available
• Quick decisions made locally
• Experienced MLO’s to guide you

Adjustable Rate Mortgages

If you are buying a new home and want lower payments than a fixed rate mortgage may provide, Community Bank's adjustable rate mortgages (ARM) are a great alternative.  Our adjustable rate mortgage loans usually offer a lower interest rate for a predetermined period of time.   Community Bank offers a 5, 7, or 10 year adjustable rate mortgages fixed  for the first " initial rate period" and then adjusts annually.    As time goes on, your interest rate may change depending on the fluctuations in the market.  This may be a good option for you if you plan to sell or refinance your home within the first few years of owning your home. 

Should you choose an adjustable rate mortgage loan, don't worry.  The interest rate will never increase more than two percentage points at each adjustment period or adjust more than six percentage points over the lifetime of the loan.

Contact one of our Mortgage Loan Representatives to help you decide which mortgage may be your best option.

Adjustable Rate Mortgages  - Key Features and Benefits

• Traditionally lower rates than fixed loans
• Choice between 5, 7, or 10 years
• Interest rate locked for 5, 7, or 10 years, then adjusts annually thereafter
• Payment visibility
• Annual / Lifetime Cap on interest Rate Adjustments
• Lower interest rates increase purchasing power

Residential Construction 

We are known throughout the area for providing construction financing without the hassles.  With fast decisions and easy disbursements, our construction loan program continues to be the choice for individuals, developers and contractors.

• Multiple disbursements available
• Easier access to funds
• Add-A Level Financing
• Land Acquisition Financing
• Speculative programs available 
• Construction to Permanent Financing Option

Other Loan Programs

First Time Home Buyers Program

• 10% Down Payment / 15% Down Payment on Condos and Townhouses (Does Not Apply to Prestige Mortgages) 
• No Points (Bergen and Passaic Counties Only)
• No PMI

SEE OUR CURRENT MORTGAGE RATES NOW!