Loan Rates

Loan Rates
Last Update: April 9, 2025
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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: April 9, 2025

Term
Rate
 APR* Points Payment per $1,000
30 Year Fixed Rate** 6.750% 6.809% 0.000% $6.49
25 Year Fixed Rate** 6.500% 6.564% 0.000% $6.75
15 Year Fixed Rate** 6.250% 6.342% 0.000% $8.57

*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)

Last Update: April 9, 2025

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. 

Term Rate APR* Points Payment Per $1,000
1 Year Adjustable Rate Mortgage**1 5.000% 6.640% 0.000% $5.37
3/1 Year Adjustable Rate Mortgage**2 5.500% 6.483% 0.000% $5.68
5/1 Year 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

Last Update: April 9, 2025

Term Rate APR* Points Payment per $1,000
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. 







Please contact the Loan Center for Construction Loan Rates
All loans subject to credit approval.

Have Questions?

Please contact our Loan Center at 609-263-7823 for more information regarding rates and terms.