Fixed Rate Mortgage
Rates as low as 5.50% APR*
Find an NJFCU mortgage to match your home.
First-Time Home Buyers loan & program available
*30/20/15/10 Year Fixed Rate
Finance rates and APR’s are valid as of Sep/Tue/2023, and are subject to change without notice. As of 12/01/2022, example $100,000, 15-year fixed-rate conforming mortgage APR is 5.750% with a monthly payment of $8.30 per thousand. Estimated monthly payment does not include taxes and insurance premiums. Program is available in New Jersey and eastern Pennsylvania for single family, owner occupied homes and for 2-4 family, owner-occupied homes with a minimum loan amount of $100,000 and a maximum equal to conforming loan limits. There is no annual fee or prepayment penalty fee. Mortgage must be in first lien position. Other restrictions may apply. For questions, please contact our licensed mortgage lending originator at (973)785-9200. NJFCU is an equal opportunity lender.
Rates Effective as of September 1st, 2023
North Jersey FCU reserves the right to change the rates without notice if necessary. There are times when this update may be experiencing technical difficulties and may not be able to be updated in a timely fashion. APR = Annual Percentage Rate. Restrictions may apply. Rate determined by credit score. Other rates may apply. We attempt to keep this page as updated as possible. However, from time to time system maintenance and other circumstances may prevent us from doing so. Therefore any rates quoted on this web page are subject to change. We are not financially responsible for typographical errors.
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Mortgage Rates
| TERM | RATE | Points | APR* | Monthly Payment Per $1,000 |
|---|---|---|---|---|
| 30 Year Fixed | 7.00% | 0 | 7.10% | $6.65 |
| 20 Year Fixed | 6.65% | 0 | 6.78% | $7.54 |
| 15 Year Fixed | 6.75% | 0 | 6.91% | $8.85 |
| 10 Year Fixed | 5.50% | 0 | 5.72% | $10.85 |
| 5/1 Adjustable Rate Mortgage (up to 970,800) | 6.25% | 0 | 6.34% | $6.16 |
| 5/1 Adjustable Rate Mortgage (970,800 and above) | 6.375% | 0 | 6.47% | $6.24 |
*30/20/15/10 year fixed rate
Finance rates and APRs are valid as of 09/01/2023, and are subject to change without notice. As of 09/01/2023, example $100,000, 15 year fixed-rate conforming mortgage APR is 6.91% with a monthly payment of $8.85 per thousand. APRs are subject to change. Estimated monthly payment does not include taxes and insurance premiums, and the actual monthly payment will be greater. Program is available in New Jersey and eastern Pennsylvania for single family, owner occupied homes and for 2-4 family, owner-occupied homes with a minimum loan amount of $100,000 and a maximum equal to conforming loan limits. There is no annual fee or prepayment penalty fee. Mortgage must be in first lien position. Other restrictions may apply. For questions, please contact our licensed mortgage lending originator at (973)785-9200. An Equal Opportunity Lender.
5/1 Adjustable-rate mortgage (ARM)
Finance rates and APRs are valid as of 09/01/2023 and are subject to change without notice. As of 09/01/2023, a sample $100,000, 5/1 ARM conforming mortgage APR is 6.34% with a monthly payment of $6.16 per thousand. APRs are subject to change. Estimated monthly payment does not include taxes and insurance premiums, and the actual monthly payment will be greater. Program is available in New Jersey and eastern Pennsylvania for single family, owner occupied homes and for 2-4 family, owner-occupied homes with a minimum loan amount of $100,000 and a maximum equal to conforming loan limits. Mortgage must be in first lien position. First adjusted interest rate cap 2.00%, Subsequent adjusted interest rate cap 2.00%, rate adjustment frequency of 12 months.
What is a Fixed Mortgage?
A fixed-rate mortgage, or fixed mortgage, has an interest rate and monthly payments (loan premium and interest) that remain the same for the life of the loan.
Fixed-rate mortgages tend to have higher interest rates than adjustable-rate mortgages. It generally makes the most sense to choose a fixed-rate mortgage if you are buying a home that you plan to keep for many years. Our residential loan officers can help you decide which mortgage is right for your unique personal situation.
Am I ready for a Fixed Mortgage?
- Get the current rate while you still can; interest rates could increase in the next few years
- Ready to settle into a home for several years
- You want more term-options to pay off your mortgage
Additional Mortgage Products:
Refinance Mortgage
We may be able to provide you with a lower monthly payment and put the family budget back on track.
Adjustable Rate Mortgage
With An NJFCU Adjustable Rate Mortgage (ARM) you will discover cost saving features like competitive rates with a confident credit union.