Active members of the new jersey police and firemen s retirement system pfrs with one year of creditable service.
Nj police and fire mortgage rate 2020.
In the state of new jersey.
New jersey police and fire.
What are the fees involved for the police and fire.
2020 police and fire fact sheet 7 15 20 indd created date.
We offer a 15 or 30 year fixed rate conventional refinance mortgage or choose our 15 year fixed rate express refi mortgage.
Interest rate is 30 year fixed.
The current maximum mortgage amount is 510 400.
Rates are based on loans up to 510 400.
The police and fire mortgages are not eligible for jumbo loans.
This allows you to purchase a home which is a high priced loan as long as your loan amount is 510 400 or below.
Vacant land provided a contract is executed used to construct an eligible one or two family.
Minimum loan amount of 100 000.
For first time home buyers and trade up buyers.
Eligible properties one or 2 family residences and fnma approved.
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.
The rate you receive may be higher based on your credit score mortgage loan to value ratio or other loan factors.
Please direct any questions to the pfrsnj using the contact information in the document.
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.
Effective april 1 2020 until further notice we are not offering non owner occupied mortgages.
Maximum mortgage amount is 510 400.
Administration the pfrs is a defined benefit plan administered by the new jersey division of pensions benefits njdpb.
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.
3 27 3 38 apr for a 30 year fixed rate.
The maximum mortgage amount is determined by fannie mae.
1 55 1 621 apr for a 30 year fixed rate.
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.
Members may buy a home first time or trade up or refinance an existing home.
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.
Program rates are set semi annually in february and august.
