Personal Services Home Loans

Kearny Federal Savings Bank offers competitive rates with fast approvals. Applications for all types of loans may be requested at any of our conveniently located Branches or by e-mail.
First Time Home-Buyer Program
If you have never been the owner of a real estate property and are:
  • Purchasing a 1 - 4 family property for your primary residence
  • The property is located in Bergen, Morris, Passaic, Essex, Hudson, Middlesex, Monmouth, Ocean or Union Counties
  • Or you and/or a member of your immediate family are customers of the Bank, you meet our criteria for a First Time Home-Buyer and will be entitled to certain financial incentives under the program.
    Please call 1-877-691-2265 for complete details.
Other Loan Services
  • Bridge Loans: Anyone who has tried to coordinate the sale of an existing home and purchase of a new home knows that can be difficult. A Bridge Loan will help you bridge the gap when you must purchase the new home before the sale of your existing home. These loans usually have terms of no more than 30 days; an interest rate tied to the prime rate and a nominal processing fee. If you are interested, please call 1-800-691-2265 for further details.
  • Construction Loans: Our residential construction loan will allow you to build a 1 or 2 family home. The property must be owned free and clear of all liens and upon completion used as your primary residence. These loans have terms of no more than one year; an interest rate of prime plus one point; cannot exceed 80% of the value of the property upon completion and must include arrangements for permanent financing. Contact our Commercial Loan Department at (973) 439-3352 for terms and rates.
Mortgage Loans
Program Interest Rates Max LTV Max Term Description
1/1 Year Adjustable Up To 95% 30 Years Rate Same for 1 Year Then Changes Each Year Thereafter
3/1 Year Adjustable Up To 95% 30 Years Rate Same for 3 Years Then Changes Each Year Thereafter
5/1 Year Adjustable Up To 95% 30 Years Rate Same for 5 Years Then Changes Each Year Thereafter
7/1 Year Adjustable Up To 95% 30 Years Rate Same for 7 Years Then Changes Each Year Thereafter
10/1 Year Adjustable Up To 95% 30 Years Rate Same for 10 Years Then Changes Each Year Thereafter
5/5 Year Adjustable Up To 95% 30 Years Rate Same for 5 Years Then Changes Every 5 Years Thereafter
10 Year Balloon Up To 95% 30 Years Rate Same for 10 Years Balloon Payment Required may be Extended at Bank's Discretion.
10 Year Fixed Up To 95% 10 Years Rate Does Not Change for the Full Term
15 Year Fixed Up To 95% 15 Years Rate Does Not Change for the Full Term
20 Year Fixed Up To 95% 20 Years Rate Does Not Change for the Full Term
25 Year Fixed Up To 95% 25 Years Rate Does Not Change for the Full Term
30 Year Fixed Up To 95% 30 Years Rate Does Not Change for the Full Term
*Adjustable rates available on 1 to 4 family owner occupied dwellings
*Fixed rates/construction available on 1 to 4 family owner occupied dwellings
*Other non owner occupied programs available call 1-800-691-2265 for information
*LTV >80% requires Private Mortgage Insurance
*LTV for refinancing loans limited to 75% for cash out and 80% for non cash out
*LTV for condominiums limited to 70%
*APR may increase after consummation on variable rate loans.
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Truth In Lending Disclosure
  • Rates are subject to change at any time without notice. Points are costs paid in lowering the loans rate of interest and/or to pay any loan origination costs. 1 point is equal to 1% of the loan amount.
  • A Fixed Rate Mortgage is a mortgage that may have a fixed principal and interest payment up to a maximum of 30 years or 360 payments. Monthly principal and interest payments do not include Real Estate Taxes, Homeowners/Flood Insurance or Private Mortgage Insurance (PMI) for down payments that are less than 20% of the purchase price.
  • APR represents the "Annual Percentage Rate".
  • An Adjustable Rate Mortgage (ARM) is a mortgage that starts at a rate of interest that is usually lower than a Fixed Rate Mortgage. This loan will reprice after an introductory period to a rate that takes into account a preselected index. The most commonly used index is the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one (1) year, as made available by The Federal Reserve Board. To this index, the borrower's pre-determined margin is added, then rounded to the nearest 1/8th of a percent, to arrive at the new mortgage loan interest rate for the next rate period based upon the terms of your promissory note. This is the most common type of adjustable rate mortgage offered.
  • Payment shown is cost per $1,000 borrowed.
Equity Loans
Program Rates Max LTV Max Term Description
1-5 Year Fixed Up To 80% 5 Years You Choose Term; Rate Remains the Same for the Term
6-10 Year Fixed Up To 80% 10 Years You Choose Term; Rate Remains the Same for the Term
11-15 Year Fixed Up To 80% 15 Years You Choose Term; Rate Remains the Same for the Term
16-20 Year Fixed Up To 80% 20 Years You Choose Term; Rate Remains the Same for the Term
Line of Credit Up To 75% 15 Years Rate Can Change Monthly
Line of Credit Fixed Up To 80% 15 Years Rate Does Not Change for the Term
         
Available on 1 to 2 family owner occupied dwelling
No application fee
We offer the option of having the monthly payment automatically deducted from a Kearny Federal Savings deposit account.
Home Equity Line of Credit is an adjustable rate loan indexed to the Prime Rate, as published in the current Wall Street Journal – NY Edition, and may increase or decrease accordingly. Rate reduction based on current rates and may not exceed maximum APR of 18%.

For more details call 1-866-653-2859
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