Our special Jumbo Mortgage is a larger loan for the purpose of purchasing or refinancing a home. It’s ideal if you are planning to purchase a property with a high value and you have the income that can support a larger monthly payment.
* Jumbo 30 year purchase assumptions and disclaimers for above rates and points examples are based on properties in New Jersey: Purchases with $500,000 loan amount, a minimum credit score of 740, 75% LTV, primary residence, single family detached property, first lien mortgage without escrow waivers. Principal and interest payments do not include taxes, insurance. 360 payments of $4.77 per $1,000 borrowed. Actual payment obligation may be greater. Purchase Rate Lock periods are 70 days. The interest rate shown for the Jumbo products includes a .25% discount when the loan payments are automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued.
Lakeland Mortgage is a Division of Lakeland Bank.