Mortgage & Consumer Lending Services

Available to New Jersey Residents Only

First Mortgage Loans

We offer Fixed and Adjustable Rate first mortgage loans at competitive rates.

  • Loans up to $729,000 have a maximum loan to value ratio of 80%.
  • Loans from $729,001 to $828,999  have a maximum loan to value ratio of 75%.
  • Loans over $829,000 have a maximum loan to value of 70%.
  • Maximum Loan: $1,500,000

A minimum down payment of 20% is required for all mortgage loans. Private Mortgage Insurance is not available at this time. Please call for further details.

Application Fees:
Single Family, owner-occupied: $500
2-4 Family, owner-occupied: $650

Special Mortgage Programs*

“Making Dreams Come True Since 1938”

 

Haven Savings Bank offers special loan programs for qualified borrowers designed to make home ownership more affordable.

 

First Time Homebuyers Program   

- Open to applicants who have not owned a home in the previous three years

- The property must be a primary residence located in Bergen, Essex, Hudson,
  Morris, Passaic or Union County

- Rate reduction of .25% from our stated interest rates

- Borrow up to 90% of the property value for a condo, single family or 2 family
  with private mortgage insurance

- Maximum Debt to Income Ratio is 43%

- Application fee is refunded at closing

Dream to Reality Program

I

- Income cannot exceed $58,960 if purchasing in Bergen, Hudson, or Passaic County and
  $79,840 for Essex, Morris or Union County.

- The property must be a primary residence located in Bergen, Essex, Hudson, Passaic
  Morris or Union County

- Rate reduction of .25% from our stated interest rates if opening a checking account
  with automatic loan payment

- Rate reduction of .125% from our stated interest rates without opening a checking
  account

- Borrow up to 90% of the property value for a condo, single family or 2 family with
  private mortgage insurance

- Maximum Debt to Income Ratio is 43%

- Application fee is refunded at closing

 

Community Outreach Program  

-The property must be a primary residence located in a low-income or moderate-income
  census tract in Bergen, Essex, Hudson, Morris, Passaic or Union County

 - Rate reduction of .25% from our stated interest rates if opening a checking account
  with automatic loan payment

 - Rate reduction of .125% from our stated interest rates without opening a checking
  account

- Maximum Debt to Income Ratio is 43%

- Application fee is refunded at closing

 

*Limited time offer. Programs can change at any time, without notice.

 

Click here to see our "Loan Rates" page for current rates and terms.

For more information call (201)659-3600 ext. 320 to speak to a residential loan representative.

 

Home Equity Loans

We offer both fixed rate home equity loans and a variable rate Home Equity Line Plan (H.E.L.P.) on 1 to 4 family owner occupied properties with no application fees and no points.

Our fixed rate home equity loan is available at competitive rates and terms with a maximum loan amount of $150,000.

Our Haven Equity Line Plan (H.E.L.P.) is a variable rate revolving line of credit offering a maximum credit line of $150,000. Interest is charged on the outstanding balance, not the full amount of the credit line. The minimum monthly payment is the greater of $50 or 1/240th of the outstanding balance plus interest.

Maximum loan to value is 70%, 75% if Haven is the first mortgagee.

Click here to see our "Loan Rates" page for current rates and terms.

For more information call (201)659-3600 ext. 320 to speak to a residential loan representative.


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