Current Mortgage & Home Equity Rates and Offerings

Mortgages

Information as of April 18, 2014. Annual Percentage Rates (APRs) are updated each business day. For more information or to apply, please call us at 855.530.SCNB (855.530.7262) or email us at YourMortgageSalesTeam@scnb.com. Subject to credit approval and appraisal.

The Suffolk County National Bank offers a full range of mortgage products to meet your individual needs. Try our mortgage calculators to compare rates, terms, payments and more.
Mortgage Product
Rate
APR
Fixed Rate Mortgages*  
10 Year Fixed Rate3.000%3.157%
15 Year Fixed Rate3.375%3.489%
20 Year Fixed Rate4.000%4.096%
30 Year Fixed Rate4.250%4.322%
   
Adjustable Rate Mortgages (ARMs)**  
5/1 Conforming Balance ARM2.750%2.806%
7/1 Conforming Balance ARM2.875%2.933%
10/1 Conforming Balance ARM3.000%3.059%
5/1 Jumbo ARM2.875%2.906%
7/1 Jumbo ARM3.000%3.032%
10/1 Jumbo ARM3.250%3.284%
   
SONYMA Mortgages***  
SONYMA "Achieve the Dream"4.250%4.312%
SONYMA "Low Interest Rate"5.000%5.070%

*All loan terms representing fixed residential mortgage rates and Annual Percentage Rates ("APR") posted above are based on FNMA credit requirements, $250,000 loan amount, 20% down payment for a residential purchase loan and an 80% Loan-to-Value. 10, 15, 20 and 30-year fixed rates are based on a 30-day rate lock.
**All loan terms representing Adjustable Rate Mortgage (ARM) rates and Annual Percentage Rates (APR) posted above are on residential properties and are based on Suffolk County National Bank credit requirements.  Conforming Balance ARM products: $250,000 loan amount, 30-year amortization term, 20% down payment for a residential purchase and an 80% Loan-to-Value.  Jumbo ARM products: $800,000 loan amount, 30-year amortization term, 25% down payment for a residential purchase and a 75% Loan-to-Value.  Credit score 700+. Rates and APRs are based on a 60-day rate lock.
***SONYMA fixed rates are based on a 99-day rate lock and SONYMA credit requirements.
 
A down payment represents a percentage of the full purchase price due at the time the contract is signed with the balance paid from the residential mortgage loan proceeds. The required down payment varies according to the type and amount of the residential mortgage loan and the borrower's credit history.
There are closing costs associated with a residential mortgage loan. Typically closing costs include, but are not limited to: attorney fees, title insurance, mortgage recording tax, appraisal, and points if applicable. A good faith estimate of closing costs is provided by SCNB once an application is submitted. Rates subject to change without notice.

This information does not represent a commitment of approval to enter into a loan agreement.


Home Equity Loans and Lines of Credit

For current rates on our Home Equity Loans or on our Home Equity Lines of Credit (HELOC) please contact us at 855.530.SCNB or email us at YourMortgageSalesTeam@scnb.com.

ADVANCHECK Line of Credit Could you use a little cushion in your account? ADVANCHECK may be for you. See product highlights and rate information for complete details.

Consumer Loan Check out our complete offerings and convenient application process or click here for rate information.
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