Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

Download

Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Family in front of a house

Simply Magnificent Mortgages!

The perfect home. Don’t dream it. Live it. Our mortgages offer a variety of plans, with attractive terms and rates. And whether you're buying your dream home, your first home, or refinancing your existing home, the process is simple and easier than you think.

  • Simple and convenient online application process
  • Experienced loan experts who will be with you every step of the way
  • Choose from a variety of terms that work for you 

Check out our current rates and apply today!

With a complete line of Fixed Rate and Adjustable Rate Mortgages to choose from, Magyar Bank has the mortgage that's right for you. Our Application process is fast and easy, and you'll get an answer back fast.

Current Rates - As of September 12, 2018

Fixed Rate Mortgages - Purchase/Refinance

Term Interest Rate Points APR* Payment Per $1,000
10 Year 3.875% 0 4.411% $10.07
15 Year 4.000% 0 4.374% $7.40
20 Year 4.375% 0 4.671% $6.26
30 Year 4.500% 0 4.717% $5.07
 
*APR=Annual Percentage Rate and subject to change without notice. Maximum Loan to Value for Purchase & Refinancing is 95% for 1 family owner occupied. All Cash Out refinancing will receive a .25% added premium to the current rate. Maximum LTV for Cash Out refinancing is 70%. All Loan to Values between 80.01 – 95% will require Private Mortgage Insurance approval. Minimum loan amount $25,000. Loan amounts $453,101 - $2,000,000 will be considered a Jumbo Loan. Jumbo Loans with a loan to value of 70% or below will receive the current advertised rates. Jumbo Loans with a loan to value of 70.01% - 80.00% will receive our portfolio rates. Loan amounts above $2,000,000 will be considered. Please call 732-342-7600 for portfolio and Jumbo rates above $2,000,000. All loans subject credit approval. Applicants must be 18 years of age or older.

Adjustable Rate Mortgages - Purchase/Refinance

Term Interest Rate Points APR* Payment Per $1,000
5/1 Adjustable 3.750% 0 5.139% $4.63
7/1 Adjustable 4.000% 0 5.046% $4.77
10/1 Adjustable 4.125% 0 4.891% $4.85
 
*APR=Annual Percentage Rate and subject to change without notice. Minimum Loan to Value for Purchase is 95% for a 1 family owner occupied. Maximum Loan to Value for refinancing is 90%. Maximum Loan to Value for Cash Out Refinancing is 70%. All Loan to Values between 80.01- 95% will require Private Mortgage Insurance approval. Minimum loan amount is $25,000 - $1,000,000. All ARM products have a 2% adjustment cap, with a 5% life cap. Loan amounts above $1,000,000 will be considered. Please call for rate 732-342-7600. All loans subject to credit approval. Applicants must be 18 years of age or older. 

We're currently upgrading our online mortgage application to make your banking experience even better. In the meantime, you can apply by calling us at 1-888-990-2265, completing our mortgage inquiry form or downloading the Mortgage Application.

Mortgage Application

All loans subject to credit approval. 

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act) was passed to enhance consumer protection by setting minimum standards for the licensing and registration of Mortgage Loan Originators (MLOs). Registration is required for all MLOs who work for an insured depository institution. Information about all MLOs who are either licensed or registered is available at the Nationwide Mortgage Licensing System and Registry (NMLS) website www.nmlsconsumeraccess.org.
Magyar Bank NMLS Number 688933

Get started today - complete our Mortgage Information Form

Complete and Submit this form and a Magyar Bank mortgage representative will get in touch with you about your mortgage needs.

Go to top