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Loan Rates

1st Bank of Sea Isle City is Cape May County’s premier housing lender. Our lenders have extensive knowledge of what it takes to finance a home at the Jersey Shore.

Last Update: September 25, 2024 
TermRateAPR*PointsPayment
Per $1,000
 Residential Mortgage Rates

30 Year Fixed Rate**

6.375%

6.431%

0.000%

$ 6.24    

25 Year Fixed Rate**

6.250%

6.313%

0.000%

 $ 6.60 

15 Year Fixed Rate**

6.000%

6.090%

0.000%

$ 8.44   

*APR=Annual Percentage Rate
**Based on a $250,000 loan on a primary or second home in 1st lien position, with an 80% LTV.
Rates and Terms are subject to change.
Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment will be greater. (If escrow is established)
 

Rate adjustments are based on the weekly average yield of the U.S. Treasury Securities adjusted to the constant maturity as made available by the Federal Reserve Board, plus a margin of 2.75% and rounded to the nearest 1/8th.2% Adjustment Cap/6% Lifetime Cap. Rate subject to change.
TermRateAPR*PointsPayment
Per $1,000

Adjustable Rate Mortgages

1 Year Adjustable Rate Mortgage**1

5.000%

6.640%

0.000%

$ 5.37   

3/1 Adjustable Rate Mortgage**2

5.500%

6.483%

0.000%

 $ 5.68  

5/1 Adjustable Rate Mortgage**3

6.000%

6.507%

0.000%

$ 6.00

*APR=Annual Percentage Rate
**Based on a $250,000 loan on a primary or second home in 1st lien position, with an 80% LTV.
**1-30 Year Term, annual interest rate adjustment. Interest rate floor of 2.750%
**2-30 Year Term, annual interest rate adjustment after the first 3 years. Interest rate floor of 2.750%
**3-30 Year Term, annual interest rate adjustment after the first 5 years. Interest rate floor of 2.750%
Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment will be greater. (If escrow is established)
Rates and Terms are subject to change.

TermRateAPR*PointsPayment
Per $1,000
 Fixed Rate Home Equity Loan Rates

1 to 5 Years**

6.750%

6.944%

0.000%

$19.93 

6 to 10 Years**

7.250%

7.358%

0.000%

 $11.74  

11 to 15 Years**

7.500%

7.579%

0.000%

$9.27

*APR=Annual Percentage Rate
**Based on a $100,000 loan.

All loans subject to credit approval.

NMLS ID: 675679 

Have Questions?

Please contact our Loan Center for more information regarding rates and terms.

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