$499 REFINANCE (NY)

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$499 Origination Fee (includes all Valley fees)

This special program is available for the refinance of owner-occupied, multi-family homes (1-4 family) in New York with no points, no title fees and no other Valley fees. At the time of closing, applicants are responsible for interim interest and funding of an escrow account for real estate taxes and insurance. Other programs, including a $499 Refinance Program in New Jersey and Pennsylvania as well as Florida are available.

Interest RateAnnual Percentage RatePointsMonthly P&I Payment Per $1000
NY $499 Refi 10 Year Fixed3.375%3.480% APR0 Points$9.83
NY $499 Refi 10 Year Fixed - Jumbo3.625%3.646% APR0 Points$9.95
NY $499 Refi 15 Year Fixed3.500%3.573% APR0 Points$7.15
NY $499 Refi 15 Year Fixed - Jumbo3.750%3.765% APR0 Points$7.27
NY $499 Refi 20 Year Fixed4.125%4.183% APR0 Points$6.13
NY $499 Refi 20 Year Fixed - Jumbo4.375%4.387% APR0 Points$6.26
NY $499 Refi 30 Year Fixed4.250%4.292% APR0 Points$4.92
NY $499 Refi 30 Year Fixed - Jumbo4.500%4.509% APR0 Points$5.07

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For more information, please visit your nearest Branch office or call our local 24/7 Customer Service Center at 1-800-522-4100, option 3.

Rates and APRs are valid as of 7/6/2015 and are subject to change without notice.

As of 7/6/2015, a sample $100,000, 15 year fixed-rate conforming mortgage APR is 3.573% with a monthly payment of $7.15 per thousand. APRs are subject to change. Estimated monthly payment does not include taxes and insurance premiums, and the actual monthly payment will be greater. Program is available in New York for single family, owner occupied homes and Valley approved condominiums with a minimum loan amount of $100,000 and a maximum of $1,000,000, and for 2-4 family, owner-occupied homes with a minimum loan amount of $100,000 and a maximum equal to conforming loan limits. Mortgage must be in first lien position. Co-ops and investment properties are not eligible for this program. Other programs are available for other loan amounts and properties. Approved applicants will be responsible at closing for funding interim interest and an escrow account for property taxes and insurances. If applicable, approved applicants will also be responsible for assignment (e.g. CEMA), prepayment, and lien subordination fees from existing lenders, any NY mortgage recording taxes, and all other NY county or municipal fees. Cannot be combined with other offers. Subject to credit approval. Additional terms and conditions apply.