Residential Loan Rates
Purchasing a home is one of the most important investments you’ll make, and we’re here to make it as seamless as possible. At Crest Savings Bank, our competitive mortgage rates and flexible terms are designed to help you find the perfect financing solution for your dream home. Explore our current loan rates below and take the first step toward homeownership with confidence.
Rates as of March 6, 2025
Purchase Transactions
Important Mortgage Purchase Loan Information
Primary/Secondary Properties
The information provided assumes the purpose of the loan is to purchase a single-family primary residence. A $450,000 loan amount with a loan to value of 80.00%, which will require a down payment of $112,500 on a purchase price of $562,500. The property is located in Cape May County, NJ. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is greater than 675.
Mortgage Purchase Loans (Primary/Secondary Properties)
Rate
6.500%
APR%
6.557%
Points
0.000%
Payment per $1000
$6.32
30 year fixed rate mortgage at a 6.500% interest rate, the APR for this loan type is 6.557%. The payment schedule would be:
- 359 payments of $2,844.31 at an interest rate of 6.500%
- 1 payment of $2,840.04 at an interest rate of 6.500%
Rate
5.875%
APR%
5.968%
Points
0.000%
Payment per $1000
$8.37
15 year fixed rate mortgage at a 5.875% interest rate, the APR for this loan type is 5.968%. The payment schedule would be:
- 179 payments of $3,767.03 at an interest rate of 5.875%
- 1 payment of $3,767.98 at an interest rate of 5.875%
Rate
5.750%
APR%
5.881%
Points
0.000%
Payment per $1000
$10.98
10 year fixed rate mortgage at a 5.750% interest rate, the APR for this loan type is 5.881%. The payment schedule would be:
- 119 payments of $4,939.61 at an interest rate of 5.750%
- 1 payment of $4,940.42 at an interest rate of 5.750%
Rate
6.250%
APR%
6.682%
Points
0.000%
Payment per $1000
See info below
5/1 adjustable rate mortgage a 6.250% initial interest rate, the APR for this loan type is 6.682%, subject to increase. Based on current market conditions, the payment schedule would be:
- 60 payments of $2,770.73 at an interest rate of 6.250%
- 299 payments of $2,935.19 at an interest rate of 6.875%
- 1 payment of $2,933.10 at an interest rate of 6.875%
DISCLOSURES: The interest rates, annual percentage rates (APRs), and discount points shown are subject to change without notice. – Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history, property type and purpose of loan and may be different than the rates displayed here. – If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums. Please contact our residential lending team for a complete list of our mortgage rates.
Refinance Transactions
Important Mortgage Refinance Loan Information
Primary/Secondary Properties
The information provided assumes the purpose of the loan is to refinance a single-family primary residence. A $450,000 loan amount with a loan to value of 80.00%, which will require a satisfactory appraisal with a market value of at least $562,500. The property is located in Cape May County, NJ. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is greater than 675.
Mortgage Refinance Loans (Primary/Secondary Properties)
Rate
6.500%
APR%
6.557%
Points
0.000%
Payment per $1000
$6.32
30 year fixed rate mortgage at a 6.500% interest rate, the APR for this loan type is 6.557%. The payment schedule would be:
- 359 payments of $2,844.31 at an interest rate of 6.500%
- 1 payment of $2,840.04 at an interest rate of 6.500%
Rate
5.875%
APR%
5.968%
Points
0.000%
Payment per $1000
$8.37
15 year fixed rate mortgage at a 5.875% interest rate, the APR for this loan type is 5.968%. The payment schedule would be:
- 179 payments of $3,767.03 at an interest rate of 5.875%
- 1 payment of $3,767.98 at an interest rate of 5.875%
Rate
5.750%
APR%
5.881%
Points
0.000%
Payment per $1000
$10.98
10 year fixed rate mortgage at a 5.750% interest rate, the APR for this loan type is 5.881%. The payment schedule would be:
- 119 payments of $4,939.61 at an interest rate of 5.750%
- 1 payment of $4,940.42 at an interest rate of 5.750%
Rate
6.250%
APR%
6.682%
Points
0.000%
Payment per $1000
See info below
5/1 adjustable rate mortgage a 6.250% initial interest rate, the APR for this loan type is 6.682%, subject to increase. Based on current market conditions, the payment schedule would be:
- 60 payments of $2,770.73 at an interest rate of 6.250%
- 299 payments of $2,935.19 at an interest rate of 6.875%
- 1 payment of $2,933.10 at an interest rate of 6.875%
DISCLOSURES: The interest rates, annual percentage rates (APRs), and discount points shown are subject to change without notice. – Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history, property type and purpose of loan and may be different than the rates displayed here. – If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums. Please contact our residential lending team for a complete list of our mortgage rates.
Home Equity
Fixed Rate Home Equity Loans
Home Equity Loans (Primary/Secondary Properties)
Rate
7.625%
APR%3
7.789%
Payment per $1000
$20.10
Max LTV/CLTV1
70.00%
Max LTV/CLTV2
80.00% Primary
75.00% Secondary
Rate
7.875%
APR%3
7.966%
Payment per $1000
$12.07
Max LTV/CLTV1
70.00%
Max LTV/CLTV2
80.00% Primary
75.00% Secondary
Rate
8.125%
APR%3
8.193%
Payment per $1000
$9.63
Max LTV/CLTV1
70.00%
Max LTV/CLTV2
80.00% Primary
75.00% Secondary
Rate
8.375%
APR%3
8.432%
Payment per $1000
$8.60
Max LTV/CLTV1
70.00%
Max LTV/CLTV2
80.00% Primary
75.00% Secondary
Home Equity Loans (Investment Properties)
Rate
8.125%
APR%3
8.298%
Payment per $1000
$20.34
Max LTV/CLTV
70.00%2
65.00%1
Rate
8.375%
APR%3
8.472%
Payment per $1000
$12.33
Max LTV/CLTV
70.00%2
65.00%1
Rate
8.625%
APR%3
8.697%
Payment per $1000
$9.92
Max LTV/CLTV
70.00%2
65.00%1
Rate
8.875%
APR%3
8.936%
Payment per $1000
$8.92
Max LTV/CLTV
70.00%2
65.00%1
If the loan is a first lien on a primary residence, then a rate quote needs to be calculated. Please call the Residential Loan Department at 609-522-5011.
1Maximum LTV when a Crest Savings Bank loan is NOT in the first lien position.
2Maximum LTV when a Crest Savings Bank loan IS in the first lien position.
3The Annual Percentage Rate’s shown above are calculated on second mortgage lien position loans of $100,000 with a $9.00 flood certification fee.
NOTE: Additional fees for Fixed Home Equity loans include:
$350.00 appraisal fee
$149.28 credit report fee
$42.00 property search fee
$255.00 recording fee
$12.75 IRS 4506-T fee
$9.00 flood certification fee
Home Equity Line of Credit
Home Equity Line of Credit
Crest Savings Bank’s Home Equity Line of Credit Monthly Payments are: Interest only and based on the amount drawn on the line of credit for the first 120 months and automatically convert to a 15 year amortizing principal and interest payment after the initial 120 months. No draws after the initial 10 year period.
Equity / Payment Stream
Up to 80% of equity. 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment.
Variable Rate / APR
Wall Street Journal Prime +0.25% with a 4.00% Floor Rate
Maximum Rate / APR
17.00%
Equity / Payment Stream
Up to 75% of equity. 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment.
Variable Rate / APR
Wall Street Journal Prime +0.25% with a 4.00% Floor Rate
Maximum Rate / APR
17.00%
Equity / Payment Stream
Up to 70% of equity. 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment.
Variable Rate / APR
Wall Street Journal Prime +0.75% with a 4.00% Floor Rate
Maximum Rate / APR
17.00%
Equity / Payment Stream
Up to 70% of equity (65% if Crest is NOT the first lien holder). 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment.
Variable Rate / APR
Wall Street Journal Prime +0.75% with a 4.00% Floor Rate
Maximum Rate / APR
17.00%
Please consult a tax advisor regarding the deductibility of interest.
NOTE: Fees for Home Equity Line of Credit loans include:
$350.00 appraisal fee
$149.28 credit report fee
$42.00 property search fee
$255.00 recording fee
$12.75 IRS 4506-T fee
$9.00 flood certification fee.
All loans require insurance and are subject to credit approval.
Rates are subject to change without notice. Terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions.
Commercial Loan Rates
Our commercial loan rates are determined by a variety of factors tailored to meet the unique needs of each business. Factors such as creditworthiness, financial stability, loan term, and market conditions all play a crucial role in shaping the rates we offer.
To get a personalized and accurate quote, we encourage you to speak with our experienced loan officers. Their expertise will guide you through the process, helping assess your specific situation and providing insights into the most favorable terms available.
Contact us today for a comprehensive consultation and let us tailor a commercial loan solution that aligns perfectly with your business goals and financial requirements.