LOAN RATES
Our rates are very competitive, making us a smart choice for both your borrowing needs and growing your deposits.

Loan Rates

Effective: 08/13/2019

Rates subject to change without notice.

Available to New Jersey residents only.

For more information, call (201) 869-9300 to speak to a residential loan specialist.

Fixed Rate Mortgage Loans - Owner Occupied
ID Loan Type Interest Rate APR* Points Monthly Payment Per $1,000 Description
2 10 Year 3.125% 3.209% 0% $9.71 Fixed Rate, Owner Occupied, No Points
6 15 Year 3.250% 3.308% 0% $7.03 Fixed Rate, Owner Occupied, No Points
7 20 Year 3.500% 3.545% 0% $5.80 Fixed Rate, Owner Occupied, No Points
8 30 Year 3.875% 3.908% 0% $4.70 Fixed Rate, Owner Occupied, No Points
9 30 Year** 4.500% 5.120% 0% $5.24 Fixed Rate, Owner Occupied, No Points

* Annual Percentage Rate

** Requires Private Mortgage Insurance. 10% down. Minimum credit score of 620 required.

*** The payment amount does not include taxes and insurance. Your monthly payment obligation will be greater.

All interest rates are subject to change without notice.

Fixed Rate Mortgage Loans - Investment Property
ID Loan Type Interest Rate APR* Points Monthly Payment Per $1,000 Description
3 10 Year 4.125% 4.210% 0% $10.18 Fixed Rate, Investment Property, No Points
10 15 Year 4.250% 4.309% 0% $7.52 Fixed Rate, Investment Property, No Points
11 20 Year 4.500% 4.547% 0% $6.33 Fixed Rate, Investment Property, No Points

* Annual Percentage Rate

** The payment amount does not include taxes and insurance. Your monthly payment obligation will be greater.

5 - 6 Family rates are also available.  Please call our Mortgage Department for details.

All interest rates are subject to change without notice. 
 

Adjustable Rate Loans are also available at GSL Savings Bank.  Please contact 201-869-9300 for more information.
 

Application Fee: 1 Family $450.00, 2-4 Family $625.00, 5-6 Family $450 Plus Appraisal Fee
Application Fee covers flood search, credit report & appraisal - Rate Lock 60 days from date of application
Owner Occupied Max LTV: 80% up to $1,000,00.00
Loans over $500,000.00 - up to $1,000,000.00 are JUMBO Loans - ADD .50% to above quoted rates.
Down payments of less than 20% require PMI (90% max LTV) resulting in higher payments and APR.
 

 

 

Fixed Rate Home Equity Loans & Home Equity Lines of Credit
ID Loan Type Interest Rate APR* Points Monthly Payment Per $1,000 Description
5 Fixed H/E 5.500% 5.500% 0% $8.04 Fixed Rate Home Equity Loan
15 HELOC** 5.500% 5.500% 0% $8.04 Home Equity Line of Credit***

* Annual Percentage Rate

** Rate if equal to the Prime Rate as published in the Wall Street Journal the firat business day of the month and is adjusted monthly as the Prime Rate changes.

*** Minimum monthly principal payment is $100.00 plus finance charges

All interest rates are subject to change without notice.

 

Maximum Loan Amount $350,000.00

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