At Kearny Bank, our mortgage advisors provide competitive rates on both fixed and adjustable- rate mortgages (ARMs) while streamlining your application process. They are here to provide the guidance and advice to make your home purchase go as smoothly as possible.
To see what your new mortgage monthly rate could be, try our helpful mortgage calculator.
First Time Home Buyer Loan Program
If it's your first time buying real estate and you're eyeing 1-2 units as your primary residence, you may qualify for added cost-savings, provided that the property is located in specific counties/municipalities. Our First Time Home Buyer Loan Program offers savings and other significant benefits.
Discounted Rate
Down Payment options as low as 5%
Minimum Credit Score Eligibility of 660
Lender Paid Mortgage Insurance
*Must be primary residence located in specific counties/municipalities. Other requirements may apply.
Fixed Rate Mortgage
15 Year Fixed Rate
| Interest Rate | APR | Points Paid | Months | Monthly Payment per $1,000 | Additional Information |
|---|---|---|---|---|---|
| 6.000% | 6.189% | 0 | 180 | $8.44 | APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
20 Year Fixed Rate
| Interest Rate | APR | Points Paid | Months | Monthly Payment per $1,000 | Additional Information |
|---|---|---|---|---|---|
| 6.500% | 6.659% | 0 | 240 | $7.46 | APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
30 Year Fixed Rate
| Interest Rate | APR | Points Paid | Months | Monthly Payment per $1,000 | Additional Information |
|---|---|---|---|---|---|
| 6.750% | 6.874% | 0 | 360 | $6.49 | APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
Adjustable Rate Mortgage
5/6/30 Adjustable Rate
| Interest Rate | APR | Points Paid | Months | Monthly Payment per $1,000 | Additional Information |
|---|---|---|---|---|---|
| 6.875% | 7.150% | 0 | 360 | $6.57 (first 60 monthly payments) | 2.75% Margin – 2/1/5 Caps, 1-4 Family Owner-Occupied, 95% Max LTV, PMI Required with less than 20% down. 60 payments of $1,970.79, 299 @ $2,015.76, 1 final payment of $2,016.09. Example based on $300,000 loan amount at an interest rate of 6.875% for the initial 60-month period, and a rate of 7.125% after the initial period. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
7/6/30 Adjustable Rate
| Interest Rate | APR | Points Paid | Months | Monthly Payment per $1,000 | Additional Information |
|---|---|---|---|---|---|
| 6.875% | 7.120% | 0 | 360 | $6.57 (first 84 monthly payments | 2.75% Margin – 5/1/5 Caps, 1-4 Family Owner-Occupied, 95% Max LTV, PMI Required with less than 20% down. 84 payments of $1,970.79, 275 @ $2,013.31, 1 final payment of $2,013.69. Example based on $300,000 loan amount at an interest rate of 6.875% for the initial 84-month period, and a rate of 7.125% after the initial period. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
Truth In Lending Disclosure
- Rates are subject to change at any time without notice. Points are costs paid in lowering a loan's rate of interest and/or to pay any loan origination costs. 1 point is equal to 1% of the loan amount.
- A Fixed Rate Mortgage is a mortgage that may have a fixed principal and interest payment up to a maximum of 30 years or 360 payments. Monthly principal and interest payments do not include Real Estate Taxes, Homeowners/Flood Insurance or Private Mortgage Insurance (PMI) for down payments that are less than 20% of the purchase price.
- APR represents the "Annual Percentage Rate".
- An Adjustable Rate Mortgage (ARM) is a mortgage that starts at a rate of interest that is usually lower than a Fixed Rate Mortgage. This loan will re-price after an introductory period to a rate that takes into account a preselected index. The most commonly used index is the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one (1) year, as reported by The Federal Reserve Board. To this index, the borrower's pre-determined margin is added, then rounded to the nearest 1/8th of a percent, to arrive at the new mortgage loan interest rate for the next rate period based upon the terms of your promissory note. This is the most common type of adjustable rate mortgage offered. Monthly principal and interest payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater.
- Payment shown is cost per $1,000 borrowed.
Related Products
Explore our range of personal banking services today.
Relationship Money Market
Earn interest and watch your savings grow.
Statement Savings
Start saving for your future the simple way.
Cash Back Checking
The checking account that PAYS you cash back on your point-of-sale purchases.
Simple Checking
Get your checkless checking account with no overdraft fees.
FAQs
Find answers to common questions about Kearny Bank and our services.
A mortgage loan helps you finance the purchase or refinance of a home. You borrow a specific amount and make monthly payments that include principal and interest. The terms and rate structure depend on the loan type you choose.
We offer both fixed-rate and adjustable-rate mortgage loans, allowing you to choose the option that best fits your financial goals and lifestyle.
Yes. Simply contact us to get started. One of our mortgage specialists will walk you through the process and answer any questions you may have along the way.
Yes. Our First Time Home Buyer Loan Program is designed to support eligible buyers purchasing their first 1- or 2-unit primary residence. If the property is located in a qualifying county or municipality, you may benefit from added cost savings and other program advantages.
Meet Our Experts
Find a Kearny Bank Mortgage Advisor to help guide you through your home buying or refinancing experience.