Rates

Deposit Rates

Effective Date: 08/19/2010

* Rate may change after account is opened; fees could reduce the earnings on the account
** Earnings Credit = 1.80% (may change at any time)

***A penalty may be imposed for early withdrawal

***The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.

FDIC Insured up to $250,000

All Interest Rates Subject To Change Without Notice

IRA Rates

Effective Date: 08/19/2010

A penalty may be imposed for early withdrawal.

The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Fees could reduce the earnings.

FDIC Insured Up To $250,000

All Rates Subject to Change Without Notice

Consumer Loan Rates

Effective Date: 08/17/10

Maximum Loan to Value on new auto loans is equal to 85% of Purchase Price; and on used auto loans the Maximum Loan to Value is equal to 80% of NADA retail value.

Rates Quoted Are For Qualifying Applicants Only

APR – Annual Percentage Rate

Home Equity Rates

Home Equity Rates

Effective Date: 08/17/10

***For equity loans in first position or loans where Lincoln Park Savings holds the first mortgage and the property is located in Lincoln Park, Pequannock, Pompton Plains, Montville, Pine Brook, Towaco, Boonton, Boonton Township, Butler, Riverdale, Kinnelon, and Wayne ,the maximum LTV ratio is 80%.
***For equity loans where first mortgage is held by other institution with a balance greater than $1,000,000 – Max LTV is 70%; Balance greater than $1,500,000 – Max LTV is 60%; balance greater than $2,000,000 – Max LTV is 50%.

Payment amounts are principal and interest only and do not include amounts for taxes and insurance; which if applicable, will make your payment obligation greater.

Rates Quoted Are For Qualifying Applicants Only

APR – Annual Percentage Rate

Rates Quoted are for Owner Occupied 1 to 4 family dwellings only. Please call for rates on non-owner occupied properties.

Fee of $175 due upon receipt of early disclosures; refundable at closing.

Home Equity Lines of Credit

Effective Date: 08/17/10

*Home Equity Line of Credit is an adjustable rate loan indexed to the Wall Street Journal Prime Rate as published on the 1st day of each month. The annual percentage rate may increase or decrease accordingly.  Maximum rate to be charged over life of loan is 16%.
**For equity loans in first position or loans where Lincoln Park Savings holds the first mortgage and the property is located in Lincoln Park, Pequannock, Pompton Plains, Montville, Pine Brook, Towaco, Boonton, Boonton Township, Butler, Riverdale, Kinnelon, and Wayne ,the maximum LTV ratio is 80%.
**For equity lines where first mortgage is held by other institution with a balance greater than $1,000,000 – Max LTV is 70%; balance greater than $1,500,000 – Max LTV is 60%; balance greater than $2,000,000 – Max LTV is 50%.

Home Equity Lines of Credit available for owner occupied 1 to 4 family dwellings only

Fee of $175 due at time of application; refundable at time of closing

An early termination fee of $400 will be charged if the line is closed out within 18 months from the loan date.

PRIME RATE AS PUBLISHED IN THE WALL STREET JOURNAL 3.25% (Effective 12/17/08)

APR – Annual Percentage Rate

Residential Mortgage Rates

Effective Date: 08/17/10

***Adjustable Rate Mortgages have a 2.00% adjustment cap and a 6.00% Life Cap.
***40 Year Term available on Adjustable Rate Mortgage Products – Interest Rates 25 Basis Points greater then quoted rates.

Payment amounts are for principal and interest only and do not include required escrows for taxes and insurance, which if applicable will make your payment obligation greater.

Rates Quoted Are For Qualifying Applicants Only

APRs (Annual Percentage Rates) based on the following index values: 1 year Treasury Index – 0.250%  3 Year Treasury Index – 0.750%

Rates quoted are for owner occupied 1 to 4 family New Jersey dwellings with a maximum loan to value ratio of 80%.

Rates may be increased after consummation in connection with Adjustable Rate Mortgage Loans.

Maximum Mortgage Amount $850,000 – Rates .50% Higher for Jumbo Fixed Rate Loans Over $417,000

Application fee is $475 (may be higher for 2 to 4 family properties)

First Time Homebuyers Program: No home ownership within three (3) years prior to purchase. Offer available for owner occupied properties located in the towns of Lincoln Park, Pequannock, Pompton Plains, Montville, Pine Brook, Towaco, Boonton, Boonton Township, Riverdale, Butler, Kinnelon, and Wayne only. Qualifying debt to income ratios increased to 32/38%. Minimum 15% down payment for loans up to a maximum of $417,000. Application fee refunded at time of closing.

Also Offerred: Mortgages on Non-owner Occupied Properties, Commercial Mortgages on Multi-family and Commercial Properties, and Construction Loans. Please call for details.

All Interest Rates are Subject to Change Without Notice