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NJ Low Fee Home Purchase Program

Lower Upfront Fees To Get You In Your Home Sooner.
Low Fee Home Keys
Featuring a competitive APR and a discounted services package, Columbia Bank bundles together certain processing and closing fees for a non-refundable fee of just $475. Our low origination fee takes care of your appraisal, flood certification, credit report, real estate tax service, title insurance (for both the lender and borrower)* and mortgage recording costs.
* Under this program, Columbia Bank will select an appropriate title insurance provider which is currently First Jersey Title Services, Inc.
 This limited time offer is available for the purchase of 1-4 family primary residences located in New Jersey. Program availability is limited to purchase money mortgages with a maximum sales price of $999,999. Purchase transactions subject to a “Mansion Tax” are prohibited. Minimum loan amount of $100,000. Maximum loan amount of $750,000. Rates quoted are for a single-family, owner-occupied residence located in New Jersey. Rates quoted assume a loan to value ratio of 80% and a credit score of 740. Your actual rate will depend upon several factors including, but not limited to, the loan type, loan size, property type, your credit score and property value. Your actual rate, payment and costs could be higher. Private mortgage insurance (“PMI”) may be required depending upon Columbia Bank’s lending policy. If PMI is required, the mortgage insurance premium may increase the APR and monthly mortgage payment. All loans are subject to approval in accordance with Columbia Bank’s lending policies. A $475 non-refundable origination fee is due in conjunction with the borrower’s submission of the Intent to Proceed. APR calculation is based upon a loan amount of $350,000 for loans up to $417,350, and $750,000 for loans from $417,351 to $750,000. All APR calculations reflect fifteen (15) days of prepaid interest, an origination fee, and settlement/closing fee. Offer of credit is subject to credit approval. Other terms are available. This offer may be withdrawn or modified at any time.