Residential Mortgage Solutions
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*All residential mortgage loans are subject to approval in accordance with Columbia Bank’s lending policies. *Columbia Bank’s “Fast Track” preapproval program typically provides a decision within 24 hours or on the next business day for weekends and holidays. This preapproval program is valid for 90 days and is available to borrowers who are not self-employed, are not a business owner and do not own any investment property. The applicant must write in “TBD” on their application in order to be eligible for a Fast Track preapproval which is available for purchase mortgages only.
**APR=Annual Percentage Rate. Rates quoted are for single-family, owner occupied primary and secondary residences located in New Jersey for purchase transactions only. Rates quoted assume a loan to value ratio of up to 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, loan purpose, your credit score and property value. 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. Property insurance will be required, flood insurance may be required. All loans are subject to credit approval in accordance with Columbia Bank’s lending policies. Annual Percentage Rate (APR) calculation is based upon a loan amount of $350,000, and includes fee estimates for flood certification, real estate tax service, settlement/closing, fifteen (15) days of prepaid interest, an origination fee, and points, if applicable. Rate is accurate as of as of 1/2/20.
This offer may be withdrawn or modified at any time. Offers subject to change without notice. NMLS#504284