Buying a house can be an exciting time, but it can also feel overwhelming. Our staff can help you navigate the mortgage process. At Community Bank of Bergen County NJ, 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.
To start the process, you can speak directly with one of our mortgage specialists. Or you can use our Online Mortgage Center. It's as easy as 1-2-3!
If you're purchasing your first home or refinancing an existing mortgage, most people choose a fixed-rate mortgage. Your interest rate, monthly principal, and interest payments will remain the same for the lifetime of your loan. This protects you from market fluctuations that cause rising interest rates. It also makes budgeting your finances easier.
Community Bank also offers our own line of Prestige Fixed-Rate Mortgages. These mortgages are available in 15-, 20-, or 30-year loan terms with competitive rates and no points.
Our MLOs can guide you through every step of the mortgage process.
If you are buying a new home and want lower monthly payments, Community Bank of Bergen County NJ'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 5-, 7-, and 10-year adjustable rate mortgages. The rates are fixed during the "initial rate period" and then adjusted annually.
As time goes on, your interest rate may fluctuate. This may work in your favor if you plan to sell or refinance your home within the first few years of owning your home.
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.
We are known throughout the area for providing construction financing without hassle.
With fast decisions and easy disbursements, our construction loan program continues to be the choice for individuals, developers, and contractors.
Community Bank of Bergen County NJ wants to help first-time homebuyers get the home of their dreams. We offer special mortgage rates for new homeowners:
For the latest rates and figures, check our current mortgage rates.