Mortgage Loans

The perfect home. Don’t dream. Live it.

Your First Mortgage Payment is on Us! *

Think of it as our housewarming gift to you. 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). Choose from our variety of fixed rate or adjustable-rate mortgages with attractive terms and rates. And whether you’re buying your dream home, your first home, or refinancing your existing home, the process is 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

Now that’s Simply Magnificent!

APPLY NOW

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.

MAKE PAYMENT NOW

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 $832,750 and under require an 80% loan-to-value ratio. Loan amounts above $832,750 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 This offer may be withdrawn at any time without notice.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 February 1, 2026, and June 30, 2026. 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.

Current Rates

Current Rates effective 02/03/26 and are subject to change without notice.

Fixed Rate Mortgages (Apply only if under contract)

Term	Rate	Points	APR*	P&I Pmt (per $1,000)
30 Year - Apply Now	6.000%	0	6.197%	$6.00
30 year - Apply Now	5.875%	1	6.166	$5.92
30 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	6.375%	0	6.399%	$6.24
30 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	6.250%	1	6.369%	$6.16
20 Year - Apply Now	5.875%	0	6.135%	$7.10
20 Year - Apply Now	5.750%	1	6.136%	$7.03
20 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	6.250%	0	6.281%	$7.31
20 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	6.125%	1	6.282%	$7.24
15 Year - Apply Now	5.500%	0	5.823%	$8.18
15 Year - Apply Now	5.375%	1	5.856%	$8.11
15 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	5.875%	0	5.914%	$8.38
15 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	5.750%	1	5.945%	$8.31
10 Year - Apply Now	5.500%	0	5.959%	$10.86
10 Year - Apply Now	5.375%	1	6.058%	$10.80
10 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	5.875%	0	5.930%	$11.04
10 Year Jumbo - Loan Amount $832,751-$2,000,000 - Apply Now	5.750%	1	6.026%	$10.98

*APR=Annual Percentage Rate and subject to change without notice. Maximum Loan to Value (LTV) for a Purchase is 95% for a 1 family owner occupied.
Maximum LTV for no cash out refinance is 90%. All Cash Out refinancing will receive a .25% added premium to the current rate.
Maximum LTV for Cash Out refinancing is 70% for Primary homes and 65% for Vacation/2nd homes. Maximum cash out to borrowers is $250,000.
All Loan to Values between 80.01% – 95% will require Private Mortgage Insurance approval. Maximum LTV for a 2-4 family owner occupied for a purchase or refinance is 80%
and borrower must pay 1 point. The minimum loan amount is $25,000. Loan amounts $832,751 – $2,000,000 are considered Jumbo Loans. Loan amounts above $2,000,000
will be considered. Please call 732-342-7600 ext. 147 for rates. All loans subject to credit approval and appraisal requirements. 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. Applicants must be 18 years of age or older.

Adjustable Rate Mortgages (Apply only if under contract)

Term	Rate	Points	APR**	P&I Pmt (per $1,000)
5/6 SOFR - Apply Now	5.500%	0	6.150%	$5.68
5/6 SOFR - Apply Now	5.375%	1	6.195%	$5.60
5/6 SOFR - Jumbo Loan Amount $832,751-$2,000,000 - Apply Now	5.875%	0	6.126%	$5.92
5/6 SOFR - Jumbo Loan Amount $832,751-$2,000,000 - Apply Now	5.750%	1	6.170%	$5.84
7/6 SOFR - Apply Now	5.750%	0	6.189%	$5.84
7/6 SOFR - Apply Now	5.625%	1	6.220%	$5.76
7/6 SOFR - Jumbo Loan Amount $832,751-$2,000,000 - Apply Now	6.125%	0	6.209%	$6.08
7/6 SOFR - Jumbo Loan Amount $832,751-$2,000,000 - Apply Now	6.000%	1	6.240%	$6.00
10/6 SOFR - Apply Now	6.000%	0	6.282%	$6.00
10/6 SOFR - Apply Now	5.875%	1	6.295%	$5.92
10/6 SOFR - Jumbo Loan Amount $832,751-$2,000,000 - Apply Now	6.375%	0	6.357%	$6.24
10/6 SOFR - Jumbo Loan Amount $832,751-$2,000,000 - Apply Now	6.250%	1	6.369%	$6.16

**(APR=Annual Percentage Rate and subject to change without notice. Maximum Loan to Value (LTV) for a Purchase is 95% for a 1 family owner occupied. Maximum LTV for no cash out refinance is 90%. All Cash Out refinancing will receive a .25% added premium to the current rate. Maximum LTV for Cash Out Refinancing is 70% for Primary homes and 65% for Vacation/2nd homes. Maximum cash out to borrowers is $250,000. All Loan to Values between 80.01% – 95% will require Private Mortgage Insurance approval. Maximum LTV for a 2-4 family owner occupied for a purchase or refinance is 80% and borrower must pay 1 point. The minimum loan amount is $25,000. The maximum loan amount is $2,000,000. Loan amounts above $2,000,000 will be considered. Please call 732-342-7600 ext 147 for rates above $2,000,000. Rates adjust after the initial fixed rate period is over. Initial rate cap can be maximum of 2.00% for the 5/6 SOFR (Secured Overnight Financing Rate) and 5.00% for both the 7/6 SOFR and 10/6 SOFR. Maximum adjustment is 1.00% at each 6 month interval after initial interest rate adjustment. All SOFR products have a 5.00% life cap. All loans subject to credit approval and appraisal requirements. 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. Applicants must be 18 years of age or older.

Investment Property – APR=Annual Percentage Rate and subject to change without notice. Maximum Loan to Value for purchase or refinance is 75% for a 1-4 family. No cash out allowed for a refinance. The minimum loan amount is $25,000. The maximum loan amount is $1,000,000. Rates adjust after the initial fixed rate period is over. Initial rate cap can be a maximum of 5.00% for the 10/6 SOFR. Maximum adjustment is 1.00% at each 6 month interval after initial rate adjustment with a 5.00% life cap. All loans subject to credit approval and appraisal requirements. 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. Applicants must be 18 years of age or older.

All loans subject to credit approval and appraisal requirements. 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. All loans subject credit approval. Applicants must be 18 years of age or older.

S.A.F.E. Act

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