Effective Date February 6, 2024, 10:00 AM
*Interest Rates vary daily and are accurate as of the date above and subject to change without notice. Principal and interest payments do not include taxes, insurance or monthly mortgage insurance, if applicable. Actual payment obligation may be greater.
1Jumbo 30 year Purchase assumptions and disclaimers for above rates and points examples are based on: Purchases with $766,875 loan amount, a minimum credit score of 740, 75% LTV, primary residence, single family detached property, first lien mortgage without escrow waivers. Purchase Rate Lock periods are 65 days. The interest rate shown for the Jumbo products includes a .25% discount when the loan payments are automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued. Jumbo loans up to $1,500,000.
2Jumbo 30 year Refinance assumptions and disclaimers for above rates and points examples are based on: No cash-out refinances with $766,875 loan amount, a minimum credit score of 740, 75% LTV, primary residence, single family detached property, first lien mortgage without escrow waivers. Refinance Rate Lock periods are 65 days. The interest rate shown for the Jumbo products includes a .25% discount when the loan payments are automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued. Jumbo loans up to $1,500,000.
3Assumptions and disclaimers for above rates and points examples are based on: $300,000 loan amount, a minimum credit score of 740, 75% LTV, purchase of a primary residence, single family detached in New Jersey, first lien mortgage without subordinate financing, and with escrows for taxes. Rates may be higher for refinance transactions and/or refinancing of subordinate liens. Loans over 80% LTV require PMI Insurance. Rate Lock periods are 50 days for purchases and refinances.
4FHA Assumptions and disclaimers for above rates and points examples are based on: $152,625 loan amount (which includes an upfront mortgage insurance premium of $2,625), a minimum credit score of 680, 96.50% LTV, purchase of a primary residence, single family detached in New Jersey, first lien mortgage without subordinate financing. Actual payment obligation may be greater. Rate Lock periods are 50 days for purchases and refinances.
5Welcome Home assumptions and disclaimers for above rates and points examples are based on: $150,000 loan amount, a minimum credit score of 660, 95% LTV, primary residence, single family detached property, first lien mortgage. 30-year fixed mortgage monthly payment example is 360 equal and consecutive monthly payments of $960.47. Principal and interest payments do not include taxes or insurance. Actual payment obligation may be greater. Rates may be higher for refinancing of subordinate liens. Rate Lock periods are 65 days for purchases and refinances. Rates are subject to change. Subject to credit approval.
6Payment Schedules are based on a loan amount of $648,000, a minimum credit score of 740, 75% LTV, purchase of a primary residence, single family detached in New Jersey. Adjustable Rate Mortgages are variable rates and the annual percentage rate may increase or decrease after the initial fixed period. The APR shown for the 15/1 ARM Advantage product includes a .25% discount when loan payments are automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued.
All loans are subject to full underwriting review. Not all applicants will qualify. This is not a commitment to lend or a guarantee of an approval. Please contact one of our Mortgage Representatives to obtain the most current rate quote that is customized to fit your unique loan level features. The actual interest rate and fees applicable to you will include, but are not limited to, your credit history, product type, and loan to value, and may be different than the rates displayed here. Other rates and product options are available.
We offer other products and rates not listed here. Contact us for more rates.
Lakeland Mortgage is a Division of Lakeland Bank.
Lender NMLS#: 530634
Effective Date February 6, 2024, 10:00 AM
*Interest Rates vary daily and are accurate as of the date above and subject to change without notice. Principal and interest payments do not include taxes, insurance or monthly mortgage insurance, if applicable. Actual payment obligation may be greater.
1Jumbo 30 year Purchase assumptions and disclaimers for above rates and points examples are based on: Purchases with $766,875 loan amount, a minimum credit score of 740, 75% LTV, primary residence, single family detached property, first lien mortgage without escrow waivers. Purchase Rate Lock periods are 65 days. The interest rate shown for the Jumbo products includes a .25% discount when the loan payments are automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued. Jumbo loans up to $1,500,000.
2Jumbo 30 year Refinance assumptions and disclaimers for above rates and points examples are based on: No cash-out refinances with $766,875 loan amount, a minimum credit score of 740, 75% LTV, primary residence, single family detached property, first lien mortgage without escrow waivers. Refinance Rate Lock periods are 65 days. The interest rate shown for the Jumbo products includes a .25% discount when the loan payments are automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued. Jumbo loans up to $1,500,000.
3Assumptions and disclaimers for above rates and points examples are based on: $300,000 loan amount, a minimum credit score of 740, 75% LTV, purchase of a primary residence, single family detached in New York, first lien mortgage without subordinate financing, and with escrows for taxes. Rates may be higher for refinance transactions and/or refinancing of subordinate liens. Loans over 80% LTV require PMI Insurance. Rate Lock periods are 50 days for purchases and refinances.
4FHA Assumptions and disclaimers for above rates and points examples are based on: $152,625 loan amount (which includes an upfront mortgage insurance premium of $2,625), a minimum credit score of 680, 96.50% LTV, purchase of primary residence, single family detached property, first lien mortgage without subordinate financing. Rate Lock periods are 50 days for purchases and refinances.
5Welcome Home assumptions and disclaimers for above rates and points examples are based on: $150,000 loan amount, a minimum credit score of 660, 95% LTV, primary residence, single family detached property, first lien mortgage. 30-year fixed mortgage monthly payment example is 360 equal and consecutive monthly payments of $960.47. Principal and interest payments do not include taxes or insurance. Actual payment obligation may be greater. Rates may be higher for refinancing of subordinate liens. Rate Lock periods are 65 days for purchases and refinances. Rates are subject to change.
6Payment Schedules are based on a loan amount of $648,000, a minimum credit score of 740, 75% LTV, purchase of a primary residence, single family detached in New Jersey. Adjustable Rate Mortgages are variable rates and the annual percentage rate may increase or decrease after the initial fixed period. The APR shown for the 15/1 ARM Advantage product includes a .25% discount when loan payments are automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued.
All loans are subject to full underwriting review. Not all applicants will qualify. This is not a commitment to lend or a guarantee of an approval. Rates stated are subject to change at any time without notice. Please contact one of our Mortgage Representatives to obtain the most current rate quote that is customized to fit your unique loan level features. The actual interest rate and fees applicable to you will include, but are not limited to, your credit history, product type, and loan to value, and may be different than the rates displayed here. Other rates and product options are available.
Interest Rates vary daily and are accurate as of the date above and subject to change without notice.
*We offer other products and rates not listed here. Contact us for more rates.
Lakeland Mortgage is a Division of Lakeland Bank.
Lender NMLS#: 530634
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