Personal Banking

Residential Mortgage

Refinancing or buying a house? Make it easy with a Bank you trust.

NJM Bank provides conventional and jumbo fixed-rate mortgages with various terms up to 30 years, and adjustable-rate loan options with a 30-year amortization.

NJM Bank mortgage loans* feature:

• No escrows. Borrowers pay their own real estate taxes, homeowners insurance and flood insurance (where required).

  NJM Bank's Savings for the Future deposit account can serve as a great tool to help you set aside funds to pay taxes and insurance.

• Minimum down payment of 20% for loans up to $500,000, or 25% for loans greater than $500,000.
• An application fee of $375 that covers the cost of appraisal, credit report and flood search for a one-family residence.
• Flexible rate and point options (up to 3 points; one point equals 1% of the loan amount).
• Adjustable rates available for loans up to $750,000.
• Jumbo rates for fixed-rate loans available from $425,001 to $750,000.

NJM Bank also offers a First-time Homebuyers program where the application fee (up to $375) will be deposited at loan closing into an NJM Bank savings account in the name(s) of the borrower(s). NJM Bank offers several savings account options to suit your needs.

Call one of our loan representatives at 1-877-NJM BANK (1-877-656-2265), Extension 4572 for additional details.

View Current Mortgage Rates and Point Options. Or, download an Application Package.

*Residential Mortgage Loans are available to owner-occupied, principal residences in New Jersey or Bucks County, Pennsylvania. Please call 1-877-NJM-BANK (1-877-656-2265) extension 4572 for information about loans in other areas of Eastern Pennsylvania.