AllPoint
 
 
 Mortgage Loans  

Pamrapo has been making home-ownership dreams come true for more than a century. We are a portfolio lender serving communities throughout New Jersey for more than a century. Our combination of competitive rates, personal service and knowledgeable staff is hard to beat. 

We can help you purchase or refinance your primary residence, second home, investment property, condominium, multi-family, mixed use or commercial property. We also offer jumbo loans,
bi-weekly payment plans and construction loan financing. All properties must be in New Jersey.

Call us today at (201) 339-4600 and speak with one of our lending specialists.
 

1-4 Family Properties
Term Rate APR Points Index Margin
10 yr 5.75% 5.856% 0 N/A N/A
15 yr 6.000% 6.074% 0 N/A N/A
20/25 6.250% 6.314% 0 N/A N/A
30 yr 6.500% 6.552% 0 N/A N/A
Lock-in at time of application or float until commitment. For Jumbo loans add .25% to the rate. For investor properties or second homes, add .50% to the rate. For other non-confirming, add .50% or more to the rate depending on the risk. Loans over 85% will require private mortgage insurance. Maximum LTV, other than First Time Homebuyers, is 90%. The application fee is waived under this FTH program.
 
 Multi Family - Mixed Use  - Commercial
  15 Year APR 20 Year APR
Multi-Family - 25% Down 7.000% 7.092% 7.500% 7.584%
Multi-Family - 20% Down 7.500% 7.603% 8.000% 8.089%
Mixed/Commerical - 30% Down 7.000% 7.092% 7.500% 7.584%
Mixed/Commerical - 25% Down 7.500% 7.603% 8.000% 8.089%
Properties should have a 1.2 debt service ratio
 
 "770 Product"
A no income verification and no asset verification product requiring at least 700 credit scores and a maximum LTV of 70%. Applies to one to four owner occupied properties only.
 Term  Rate  APR
 30 Year 7.250% 7.348%


 

 

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