Jumbo mortgages for 1-4 family home purchases up to $1 Million
As of 5/5/2016, an example that illustrates a $500,000, 30 year fixed-rate mortgage, with a 25% down payment, has an APR 3.512% and a monthly P & I payment of $2,245.20.
Rates and APRs are subject to change without notice. The estimated monthly payment does not
include taxes and insurance premiums, and the actual monthly payment will be greater. Available for 1-4 family, owner occupied homes, and
Valley approved condominiums and co-ops in NJ, NY, PA and FL. Rates and APRs for co-ops will be higher. Minimum loan amount of
$417,001 for single family, $533,851 for two family, $645,301 for three family and $801,951 for four family homes. Maximum loan amount of
$1,000,000. Maximum loan-to-value (LTV) of 75% for single family, 70% for co-ops and 65% for 2-4 family homes. Other programs are
available for other loan amounts and properties, including a program for loan amounts from $1,000,001 to $2,000,000 with different rates,
APRs and LTV requirements. Subject to credit approval. Additional terms and conditions apply.