Loan Rates

Rates effective as of November 12, 2024

DEPARTMENT HOURS

Monday to Friday 9:00 am to 5:00 pm

PLEASE SEND ANY QUESTIONS RELATING TO YOUR APPLICATION TO LOANS@SCHUYLERSAVINGS.COM

APPLY NOW

Adjustable Rate Mortgage Rates

Product	Interest Rate	Annual Percentage Rate (APR)^*	Monthly Payment per $1000	Monthly Principal & Interest Payments Based on a $100,000 Loan
1/1/30 ARM	5.500%	6.916%	$5.68 (first 12 monthly payments)	12 payments of $567.79 then 348 payments of $663.08 at a rate of 7.000% based on current index and margin
3/3/30 ARM	5.750%	6.736%	$5.84 (first 36 monthly payments)	36 payments of $583.57 then 324 payments of $659.67 at a rate of 7.000% based on current index and margin
5/1/30 ARM	5.875%	6.613%	$5.92 (first 60 monthly payments)	60 payments of $591.64 then 300 payments of $656.66 at a rate of 7.000% based on current index and margin
5/5/30 ARM	6.000%	6.663%	$6.00 (first 60 monthly payments)	60 payments of $599.55 then 300 payments of $657.69 at a rate of 7.000% based on current index and margin
7/1/30 ARM	6.250%	6.675%	$6.16 (first 84 monthly payments)	84 payments of $615.72 then 276 payments of $657.17 at a rate of 7.000% based on current index and margin
10/1/30 ARM	6.500%	6.733%	$6.32 (first 120 monthly payments)	120 payments of $632.07 then 240 payments of $657.27 at a rate of 7.000% based on current index and margin

APR* = Annual Percentage Rate

Effective Date: November 12, 2024
APR’s quoted are based on a $100,000 loan for a 1-family, owner occupied dwelling with a 20% down payment
Minimum Down Payment requirement is 5%. Loans with less than 20% down will require Private Mortgage Insurance
Payment amounts shown are for principal and interest only and do not include required escrows for taxes and insurance, which, if applicable, will make your payment obligation greater
Maximum loan amount is $766,500 for a 1-family dwelling. Maximums higher for 2-4 family dwellings - call for details.
Call for information on Jumbo Rates and Rates on non-owner occupied properties
Adjustable Rate Mortgages are variable rates and the annual percentage rate may increase or decrease after the initial fixed period.
The renewal rate is based on an index plus a margin of 2.75% with 2.00% adjustment caps and a 6.00% lifetime cap
Current Index: 1/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM = 1 year Treasury; 3/3 ARM = 3 year Treasury; 5/5 ARM = 5 year Treasury
APRs based on the following index values: 1 Year Treasury Index - 4.31% 3 Year Treasury Index - 4.20% 5 Year Treasury Index - 4.27%
All loans are subject to full underwriting review. Not all applicants will qualify. This is not a commitment to lend or a guarantee of an approval.
Rates stated are subject to change at any time without notice
Other terms and conditions may apply

Fixed Rate Mortgage Rates

Product	Interest Rate	Annual Percentage Rate (APR)^*	Monthly Payment per $1,000	Monthly Principal & Interest Payments Based on $100,000 Loan
10 Year Fixed Rate	5.625%	5.777%	$10.91	120 equal and consecutive monthly payments of $1,091.47
15 Year Fixed Rate	5.875%	5.983%	$8.37	180 equal and consecutive monthly payments of $837.12
20 Year Fixed Rate	6.000%	6.087%	$7.16	240 equal and consecutive monthly payments of $716.43
30 Year Fixed Rate	6.250%	6.316%	$6.16	360 equal and consecutive monthly payments of $615.72

APR* = Annual Percentage Rate

Effective Date: November 12, 2024
APR’s quoted are based on a $100,000 loan for a 1-family, owner occupied dwelling with a 20% down payment
Minimum Down Payment requirement is 5%. Loans with less than 20% down will require Private Mortgage Insurance
Payment amounts shown are for principal and interest only and do not include required escrows for taxes and insurance, which, if applicable, will make your payment obligation greater
Maximum loan amount is $766,500 for a 1-family dwelling. Maximums higher for 2-4 family dwellings - call for details.
Call for information on Jumbo Rates and Rates on non-owner occupied properties
All loans are subject to full underwriting review. Not all applicants will qualify. This is not a commitment to lend or a guarantee of an approval.
Rates stated are subject to change at any time without notice
Other terms and conditions may apply

Home Equity Loan Rates

Product	Interest Rate	Annual Percentage Rate (APR)^*	Monthly Payment per $1,000	Monthly Principal & Interest Payments Based on a $10,000 Loan
5 Year Fixed Rate	6.250%	6.250%	$19.45	60 equal and consecutive monthly payments of $194.49
10 Year Fixed Rate	6.750%	6.750%	$11.48	120 equal and consecutive monthly payments of $114.82
15 Year Fixed Rate	7.000%	7.000%	$8.99	180 equal and consecutive monthly payments of $89.88
20 Year Fixed Rate	7.125%	7.125%	$7.83	240 equal and consecutive monthly payments of $78.28
5/5/20 ARM	6.375%	6.559%	$7.38 (first 60 monthly payments)	Based on a $100,000 Loan - 60 payments of $738.23 then 180 payments of $755.88 at a rate of 6.750% based on current index and margin **

APR* = Annual Percentage Rate
** ARM = Adjustable Rate Mortgage Loan has a variable rate and the annual percentage rate may increase or decrease after the initial fixed period. The renewal rate is based on an index plus a margin of 2.50% with 2.00% adjustment caps and a 6.00% lifetime cap. APR based on the following index value: 5 Year Treasury Index - 4.27%

Effective Date: November 12, 2024
Available for 1 to 4 family, owner occupied, New Jersey dwellings only
Minimum Loan Amount is $5,000
First Lien loans or loans where Schuyler Savings holds the first mortgage – Maximum Loan Amount is $500,000 and Maximum CLTV is 80%
Second Lien loans – Maximum Loan Amount is $300,000 and Maximum CLTV is 70%
Payment amounts shown are for principal and interest only and do not include property taxes or insurance
No Application Fee
Appraisal fees may apply for lines over $250,000
Mortgage Recording Fee Payable at Closing
Homeowner’s property insurance is required; flood insurance may be required
All lines are subject to credit approval
Rates stated are subject to change at any time without notice
Other terms and conditions may apply

Home Equity Line of Credit Rates

Introductory Rate – Fixed First 6 months

Thereafter, Prime minus 0.50%

Draw Period

Repayment Period

Total Term

5.99% APR^*

Currently 7.250% APR^*

^{minimum APR of 4.00% (floor)}

10 years

20 years

30 years

APR* = Annual Percentage Rate

Effective Date: November 12, 2024
Variable APR based on the Wall Street Journal Prime Rate (currently 7.75%) with a minimum APR of 4.00% and a maximum APR of 16.00%.
Available for 1 to 4 family, owner occupied, New Jersey dwellings only
Minimum Loan Amount is $5,000
First Lien loans or loans where Schuyler Savings holds the first mortgage – Maximum Loan Amount is $500,000 and Maximum CLTV is 80%
Second Lien loans – Maximum Loan Amount is $300,000 and Maximum CLTV is 70%
No Application Fee or Annual Fee
Appraisal fees may apply for lines over $250,000
Mortgage Recording Fee Payable at Closing
Homeowner’s property insurance is required; flood insurance may be required
All lines are subject to credit approval
Rates stated are subject to change at any time without notice
Other terms and conditions may apply