In the state of new jersey.
Nj police and fire mortgage rate 2020.
Minimum loan amount of 100 000.
Effective april 1 2020 until further notice we are not offering non owner occupied mortgages.
The rate you receive may be higher based on your credit score mortgage loan to value ratio or other loan factors.
Vacant land provided a contract is executed used to construct an eligible one or two family.
Eligible properties one or 2 family residences and fnma approved.
2020 police and fire fact sheet 7 15 20 indd created date.
Members may buy a home first time or trade up or refinance an existing home.
Rates are based on loans up to 510 400.
Administration the pfrs is a defined benefit plan administered by the new jersey division of pensions benefits njdpb.
35e dvhgr qd no rdqz lwk g rzqs d phqw new jersey police and fire mortgage program for first time home buyers trade up buyers.
The current maximum mortgage amount is 510 400.
The maximum mortgage amount is determined by fannie mae.
What are the fees involved for the police and fire.
Rates are set twice a year in february and august.
Visit today to view pffcu s current rates for home mortgage home equity auto personal loans share accounts certificates and ira s.
Further detail is available on our police and firemen s retirement system mortgage program fact sheet 548k pdf or by calling 1 800 nj house.
1 55 1 621 apr for a 30 year fixed rate.
Active members of the new jersey police and firemen s retirement system pfrs with one year of creditable service.
For first time home buyers and trade up buyers.
Please direct any questions to the pfrsnj using the contact information in the document.
Maximum mortgage amount is 510 400.
New jersey police and fire.
For rates on loans exceeding 510 400 jumbo loans call pffcu at 215 931 0300 or 800 228 8801 and ask to speak to a mortgage advisor to discuss your applicable rate.
Plan information name of plan the police and firemen s retirement system of new jersey pfrs.
We offer a 15 or 30 year fixed rate conventional refinance mortgage or choose our 15 year fixed rate express refi mortgage.
9 1 20 the police and firemen s retirement system of new jersey pfrsnj has extended the response due date for the request for qualifications for state and federal government affairs services to october 15 2020 and the proposal deadline to november 10 2020.
Program rates are set semi annually in february and august.
New jersey housing and mortgage finance agency at 1 800 nj house.
The police and fire mortgages are not eligible for jumbo loans.
Rate is based on the.
