Monthly payment examples do not include taxes and insurance which will make the actual payment obligation greater. APR includes a .25% rate discount for payments automatically debited from a Lakeland Bank personal checking or savings account.
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*APR applies to loans $10,000 to $1,000,000 on 1-4 family owner-occupied primary residences (loan-to-value (LTV) ratio cannot exceed 80%); and property cannot be a co-op, vacant land or listed for sale. Other rates and terms are available. All loans subject to credit approval.
Homeowner's property insurance is required; flood insurance may be required. Title insurance may be required on loans over $750,000. Third-party fees are paid by the bank for loans up to $250,000, and include but are not limited to, mortgage recording tax, mortgage recording fee, appraisal/property valuation fees, credit report, flood and property searches. If the loan is terminated and closed within 36 months of opening, the borrower will be required to reimburse the bank any third-party fees that were paid in connection with this loan. These third party fees can range between $327 and $9,200.
1 Home Equity Loan applicant may qualify for our special Home Equity Advantage Program, which offers lower interest rates to qualified borrowers who meet income limitation and property location requirements. Eligible properties must be located within Lakeland Bank’s CRA Assessment area which includes the counties listed below:
Total household annual income cannot exceed:
Orange and Dutchess Counties $80,400
Putnam, Rockland, Westchester Counties $65,352
Sullivan County $57,036
Ulster County $72,072
**Advantage Program APR applies to loans from $10,000 - $250,000 in NY on 1-4 family owner-occupied primary residences (loan-to-value (LTV) ratio cannot exceed 80%). Loan may qualify for an additional .125% rate discount if located within a Low-Moderate Income tract within Lakeland Bank’s assessment area.
Contact your local branch office for more details.
Monthly payment examples do not include taxes and insurance which will make the actual payment obligation greater. APR includes a .25% rate discount for payments automatically debited from a Lakeland Bank personal checking or savings account.
Apply Now
* APR applies to loans up to $1,000,000 in NJ and PA on 1-4 family owner-occupied primary residences (loan-to-value (LTV) ratio cannot exceed 80%); and loans up to $1,000,000 on owner-occupied condominiums (LTV ratio cannot exceed 75%). Co-ops, vacant land and properties listed for sale are not eligible. Other rates and terms are available. All loans are subject to credit approval.
Appraisal fees apply for lines over $500,000 and typically range from $300 to $1,500. NJ and PA residents will be charged a $75 mortgage recording fee at the time of closing. Homeowner's property insurance is required; flood insurance may be required. Title insurance may be required on loans over $750,000.
1 Home Equity Loan applicants may qualify for our special Home Equity Advantage Program, which offers lower interest rates to qualified borrowers who meet income limitation and property location requirements. Eligible properties must be located within Lakeland Bank’s CRA Assessment area which includes the counties listed below:
Total household annual income cannot exceed:
Essex, Morris, Sussex, Union Counties $85,950
Hunterdon, Middlesex, Somerset Counties $98,556
Bergen, Passaic Counties $90,552
Monmouth, Ocean Counties $87,120
Hudson County $67,752
Mercer County $85,440
Warren County $88,800
**Advantage Program APR applies to loans up to $250,000 in NJ on 1-4 family owner-occupied primary residences (loan-to-value (LTV) ratio cannot exceed 80%). Loan may qualify for an additional .125% rate discount if located within a Low-Moderate Income tract within Lakeland Bank’s assessment area.
Contact your local branch office for more details.
