Simply Magnificent Mortgages!
Your First Mortgage Payment Is On Us*. For a limited time we’ll give you a credit of your first month’s mortgage payment at closing, up to $1,000 (principal and interest). Now that’s Simply Magnificent.
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IMPORTANT – If you have requested a security freeze on your credit file, please note that you will need to contact 2 of the 3 credit bureaus (Experian, TransUnion or Equifax) and un-freeze your reports in order for Magyar Bank to obtain a copy. You may re-freeze once Magyar Bank has successfully retrieved a copy of your credit report.
Make a loan payment directly from any bank account.
Visit any Magyar Bank location, call 1-888-990-BANK or complete our contact form for more information and to open your account.
*Magyar will credit the customer’s first month’s principal and interest payment at closing, up to $1,000. Customer is still responsible for making their first month payment. Taxes, insurance, association fees are not included. Ask about our Annual Percentage Rates (APRs) and terms available. Loan amounts $806,500 and under require an 80% loan-to-value ratio. Loan amounts above $806,500 require a 70% loan-to-value ratio. Apply online at magbank.com. Offer available for new Magyar Bank mortgage customers only. Customers applying to refinance an existing Magyar Bank mortgage are not eligible for this special offer. Minimum loan amount $100,000. All loans subject to credit approval and appraisal requirements. This offer may be withdrawn at any time without notice. Customer is still responsible for making the first payment on time. Offer valid on applications received between May 1, 2025 and June 30, 2025. Applies to 1-4 Family owner occupied residential properties. Limit one credit per primary borrower. Escrow of property taxes is required. Borrower is responsible for property/hazard insurance, and flood insurance may be required. Borrower is responsible for any fees required by their current lender to have the loan refinanced with Magyar Bank.