Mortgages

Republic Bank can help you make your home purchase or refinance simple and easy.

  • We can help you decided the type of mortgage that will work best for you.
  • From application to settlement, our mortgage professionals walk you through every step of the process.
  • Reverse mortgages are also available.
  • Explore our Home Financing Calculators to consider if you should refinance, rent or buy, how much home you can afford, and more.

 

  • Fixed Rate
    • Rate remains the same over the life of the loan.
    • Repayment terms of 30, 25, 20 or 15 years.
    • May be a good choice if you plan to remain in the same home for several years and/or if interest rates are expected to rise.
  • Adjustable Rate
    • Rate will vary with market conditions.
    • Initial rate may be lower than a fixed rate for an introductory period, resulting in a lower monthly payment to start.
    • Rates may go up or down with market conditions. Caps limit how much the rate can change during a specified time period
    • Adjustable rate mortgages may be a good choice if you don’t plan to own the home for a long period of time, or if interest rates are high and expected to come down.
  • Federal Housing Administration (FHA) Loans
    • Qualified buyers purchase home with as little as a 3.5% down payment.
    • Fixed and adjustable rates available.
    • Energy Efficient Mortgage (EEM) include the costs of energy efficiency improvements
  • Veterans Administration (VA) Loans
    • Flexible credit guidelines for new purchases or refinancing.
    • May not require a down payment
    • Available to military service veterans, reservists and active-duty service members.
  • State Bond Programs
    • Several states offer low interest home loans and other housing assistance for qualified low- and moderate-income buyers.
    • Republic Bank offers 30-year mortgages the New Jersey Housing Mortgage Finance Agency (NJHMFA).
    • Under federal law, to qualify for state-sponsored home purchase loans, buyers must fall within certain annual income limits. Most are available to first time home buyers.
    • Purchase limits may apply.
    • Applicants may be required to take credit counseling.
    • In addition to low-interest loans, borrowers also may be eligible for down payment and/or closing cost assistance.
    • Learn more from the Pennsylvania Housing Finance Agency.
    • Learn more from the New Jersey Housing Resource Center.