The Annual Percentage Rate (APR) includes fees and costs which can be used to more accurately compare rates across lenders.

Purchase Rates

Conforming and Government Loan Programs
Product Rate APR
Conforming 15 Yr Fixed 2.625% 2.740%
Conforming 30 Yr Fixed 3.375% 3.440%
FHA 30 Yr Fixed 3.250% 3.989%
VA 30 Yr Fixed 3.250% 3.425%
VNB Community Advantage Purchase - 30 2.375% 2.401%
Jumbo
Product Rate APR
Jumbo 15 Yr Fixed 2.625% 2.668%
Jumbo 30 Yr Fixed 2.875% 2.898%
Jumbo 10/1 ARM 2.750% 2.823%
Jumbo 5/1 ARM 2.500% 2.771%
Jumbo 7/1 ARM 2.625% 2.785%

Refinance Rates

Conforming and Government Loan Programs
Product Rate APR
Conforming 15 Yr Fixed 2.750% 2.865%
Conforming 30 Yr Fixed 3.500% 3.565%
FHA 30 Yr Fixed 3.500% 4.245%
VA 30 Yr Fixed 3.250% 3.598%
VNB Community Advantage Refi - 30 2.375% 2.401%
Jumbo
Product Rate APR
Jumbo 15 Yr Fixed 2.750% 2.793%
Jumbo 30 Yr Fixed 3.000% 3.024%
Jumbo 10/1 ARM 2.875% 2.898%
Jumbo 5/1 ARM 2.625% 2.813%
Jumbo 7/1 ARM 2.750% 2.842%

Purchase Rates

Conforming and Government Loan Programs
Product Rate APR Points Estimated Payments
# Of Months Amount
Conforming 15 Yr Fixed 2.625% 2.740% 0
179$1,614.45
1$1,615.56
Conforming 30 Yr Fixed 3.375% 3.440% -0.125
359$1,061.03
1$1,061.83
FHA 30 Yr Fixed 3.250% 3.989% 0
12$1,221.31
12$1,218.06
12$1,214.70
12$1,211.23
12$1,207.65
12$1,203.94
12$1,200.12
12$1,196.17
12$1,192.09
12$1,187.87
12$1,183.52
227$1,062.77
1$1,065.26
VA 30 Yr Fixed 3.250% 3.425% -0.125
359$1,059.12
1$1,058.04
VNB Community Advantage Purchase - 30 2.375% 2.401% 0
359$932.77
1$930.85
Jumbo
Product Rate APR Points Estimated Payments
# Of Months Amount
Jumbo 15 Yr Fixed 2.625% 2.668% 0
179$4,305.21
1$4,305.65
Jumbo 30 Yr Fixed 2.875% 2.898% 0
359$2,655.31
1$2,656.40
Jumbo 10/1 ARM 2.750% 2.823% 0
120$2,612.74
239$2,642.60
1$2,642.29
Jumbo 5/1 ARM 2.500% 2.771% 0
60$2,528.77
299$2,636.54
1$2,638.14
Jumbo 7/1 ARM 2.625% 2.785% 0
84$2,570.56
275$2,637.72
1$2,636.16
Disclosure
Sample terms assume a borrower with excellent credit history. For conforming and government loans, sample terms are based on a loan amount of $240,000 with a down payment of 25%. For jumbo loans, sample terms are based on a loan amount of $640,000 with a down payment of 25%.

For adjustable rate mortgage (ARM) products, interest is fixed for a set period of time, and adjusts periodically thereafter at the end of the fixed rate period. The interest and payments may increase. The APR for ARM products may increase after loan consummation.
 
Mortgage loans with down payments of less than 25% may have higher APRs than shown, and mortgage loans with down payments of less than 20% may require private mortgage insurance. Upfront mortgage insurance premiums and monthly mortgage insurance premiums are required on all FHA loans. Private mortgage insurance is not required for VNB Community Advantage loans or VA loans but borrowers must pay the VA funding fee for VA loans.

Except for FHA loans, the sample monthly payments do not include taxes and insurance premiums and actual monthly payment obligations will be greater. Sample monthly payment for FHA loan includes monthly mortgage insurance premiums. All loan products are subject to credit approval. Rates are valid as of the date shown and are subject to change without notice. Additional terms, conditions, income limits and location restrictions apply. Speak to a Valley Home Loan Consultant for details.

Refinance Rates

Conforming and Government Loan Programs
Product Rate APR Points Estimated Payments
# Of Months Amount
Conforming 15 Yr Fixed 2.750% 2.865% 0
179$1,628.69
1$1,629.09
Conforming 30 Yr Fixed 3.500% 3.565% -0.125
359$1,077.71
1$1,076.10
FHA 30 Yr Fixed 3.500% 4.245% -0.25
12$1,255.17
12$1,252.05
12$1,248.82
12$1,245.47
12$1,242.01
12$1,238.42
12$1,234.70
12$1,230.86
12$1,226.87
12$1,222.74
12$1,218.47
227$1,096.57
1$1,094.81
VA 30 Yr Fixed 3.250% 3.598% -0.125
359$1,082.10
1$1,080.09
VNB Community Advantage Refi - 30 2.375% 2.401% 0
359$932.77
1$930.85
Jumbo
Product Rate APR Points Estimated Payments
# Of Months Amount
Jumbo 15 Yr Fixed 2.750% 2.793% 0
179$4,343.18
1$4,342.87
Jumbo 30 Yr Fixed 3.000% 3.024% 0
359$2,698.27
1$2,695.75
Jumbo 10/1 ARM 2.875% 2.898% 0
359$2,655.31
1$2,656.40
Jumbo 5/1 ARM 2.625% 2.813% 0
60$2,570.56
299$2,642.87
1$2,644.94
Jumbo 7/1 ARM 2.750% 2.842% 0
84$2,612.74
275$2,646.56
1$2,646.96
Disclosure
Sample terms assume a borrower with excellent credit history. For conforming and government loans, sample terms are based on a loan amount of $240,000 with a down payment of 25%. For jumbo loans, sample terms are based on a loan amount of $640,000 with a down payment of 25%.

For adjustable rate mortgage (ARM) products, interest is fixed for a set period of time, and adjusts periodically thereafter at the end of the fixed rate period. The interest and payments may increase. The APR for ARM products may increase after loan consummation.
 
Mortgage loans with down payments of less than 25% may have higher APRs than shown, and mortgage loans with down payments of less than 20% may require private mortgage insurance. Upfront mortgage insurance premiums and monthly mortgage insurance premiums are required on all FHA loans. Private mortgage insurance is not required for VNB Community Advantage loans or VA loans but borrowers must pay the VA funding fee for VA loans.

Except for FHA loans, the sample monthly payments do not include taxes and insurance premiums and actual monthly payment obligations will be greater. Sample monthly payment for FHA loan includes monthly mortgage insurance premiums. All loan products are subject to credit approval. Rates are valid as of the date shown and are subject to change without notice. Additional terms, conditions, income limits and location restrictions apply. Speak to a Valley Home Loan Consultant for details.
 

 

YOU CAN REFINANCE WITH VALLEY FOR JUST $499.  No Points and No Other Valley Fees.

For rates, terms and conditions:
New York and New Jersey customers should click
here.
Florida and Alabama customers should click here.

 

Get a personalized rate and payment estimate or speak to a Home Loan Consultant for details.*
*For construction loans also use the link above to speak to one of our home loan consultants.

  

Disclosure:
Interest Rates and APRs are subject to change without notice. Mortgage rates valid as of 11/26/2021

Sample rates and APRs assume a borrower with excellent credit history. For conforming and government loans, sample terms are based on a loan amount of $240,000 with a down payment of 25%. For jumbo loans, sample terms are based on a loan amount of $640,000 with a down payment of 25%. Mortgage loans with down payments of less than 25% may have higher APRs than shown, and mortgage loans with down payments of less than 20% may require private mortgage insurance.
 
ADDITIONAL INFORMATION ON FHA LOANS, VA LOANS and VNB COMMUNITY ADVANTAGE LOANS
While all rates shown above are based on a 25% down payment, please note the following additional terms applicable to FHA, VA and VNB Community Advantage loans:

  • FHA Loans are permitted with down payments as low as 3.5%. An initial mortgage insurance premium equal to 1.75% of the loan amount is required and may be financed or paid in cash at closing. Monthly mortgage insurance premiums will also apply. Loan amount restrictions vary by county.
  • VA Loans are available to applicants who meet the eligibility requirements of the VA program with as little as 0% down. Private mortgage insurance (PMI) is not required, but borrowers must pay the VA funding fee, which may be financed or paid in cash at closing. The VA funding fee varies based on the loan to value ratio and will be higher with a 0% down payment.
  • VNB Community Advantage Loans are permitted with a down payment as low as 3%. PMI is not required. Applicants must be first time homebuyers. Income limits and location restrictions also apply.
 

Please speak to a Valley Home Loan Consultant for more information on rates and program terms. All mortgage loans are subject to credit approval. Additional terms and conditions apply. View estimated monthly payments (purchase) or View estimated monthly payments (refinance).