Mortgage Rates in NJ with RSI Bank

RSI Bank has been doing business in New Jersey since 1851.  The bank offers a number of financial services and bank products including home loans and mortgages.  RSI bank offers several home loan programs that are available on properties located throughout the state of New Jersey.

Mortgage loans offered by RSI Bank include standard fixed rate mortgages and adjustable rate mortgages as well as FHA loans and reverse mortgages.  The bank also offers biweekly payment home loans for those borrowers that want to pay off their home loan faster by making more frequent payments and save significant costs over the life of the loan.

The reverse mortgage option allows home owners that are 62 years of age and older to borrow against the equity in their home without having to pay anything until they no longer own the property.  Reverse mortgages are not based on the income of the borrower or the credit of the borrower.  

RSI Bank offers borrowers competitive mortgage rates in New Jersey and for those potential home loan borrowers looking for a new home in New Jersey, the bank provides pre-qualification and pre-approval services. 

Along with competitive New Jersey mortgage rates and loan programs, RSI Bank also a number of services to its bank and loan customers.  RSI Bank offers automatic payment deductions in which the borrower can pay their RSI loans from an account held at RSI Bank or any other bank.  The bank offers online banking which allows customers to view their payment history online 24 hours a day.  Additional bank services include telephone banking and the ability to apply for the home loans at the branch or online safely and securely.

Current NJ mortgage rates and NJ mortgage loans offered by RSI Bank include:

A 30 year fixed rate loan in New Jersey has a mortgage rate of 5.125% with no points and an APR of 5.145%.
The same 30 year fixed rate loan is also available with a mortgage rate of 4.875% with 1.00 point that has an APR of 4.982%.

A 15 year term loan has a mortgage rate of 4.500% with no points and an APR of 4.533%.

The bank has a 10 year loan with a mortgage rate of 4.375% and no points with 4.4225 APR.

The bank’s 5 year adjustable rate mortgage that has a 30 year term has a mortgage rate in NJ of 4.625% with no points and an APR of 4.801%

Additional mortgage rates in NJ with varying costs and point options are also available.

NJ mortgage rates and annual percentage rates ( APRs ) listed are for owner-occupied single family homes with a minimum down payment of 20%.  Mortgage rates are current as of March 4, 2010.  All mortgage rates are subject to change without notice and all home loans are subject to bank approval and conditions. 

RSI Bank is based in Rahway, New Jersey.  For current mortgage rates and loan terms, a bank loan officer can be reached at 732- 388-1800.