Mortgages-New York

As The Most Efficient Bank in America, Hudson City offers better values in the form of competitive mortgage rates and lower closing fees. Plus, we'll help you close your loan without frustration or costly surprises.

Adjustable Rate Mortgages

Adjustable Rate Mortgage (ARM) interest rates, unlike Fixed Rates, can increase or decrease over the term of the loan. In general initial interest rates and monthly payments are below those of Fixed Rate offerings.

An Adjustable Rate Mortgage can help you qualify for a purchase of a more expensive home. Plus, it can save you money over the standard 30- or 40-year Fixed Rate Mortgage.

Current Annual Percentage Rate (APR) as of
Other 30 and 40-Year ARM Programs with lower rates and higher fees are available upon request. Interest Only Adjustable Rate Mortgage Loans Benefits Interest only payments for either the first 5, 7 or 10 years of the mortgage Allows lower initial monthly payments Please call for further details
All interest rates are subject to change without notice Please note that all rates listed above are based on Full Documentation loans only Property must be located within the state of New York. See Lending Policy (disclosed in Mortgage Application) for further details *Please note on loans shown above, a 1% commitment acceptance fee is actually due at time of commitment acceptance which will be refunded when and if the loan closes. Should the loan not close, the fee will not be refunded. Loans Over $1,000,000 Loans from $1,000,100 to $1,500,000-Add 0.125% to applicable base rate Loans from $1,500,100 to $3,000,000-Add 0.250% to interest rate

Lock In Your Rate

All interest rates quoted are based on a 90-day commitment.

Interest rates are locked in upon receipt of the loan application. Rates will hold through the application process plus the additional 90-day commitment period.

Extend your 90-day lock-in rate pricing through the following fee schedule :

• A 120 Day Commitment-Add .250% to Commitment Fee
• A 180 Day Commitment-Add .500% to Commitment Fee
• A 270 Day Commitment-Add .750% to Commitment Fee
• A 360 Day Commitment-Add 1.00% to Commitment Fee

(Commitment fees listed above are non-refundable.)

How Does an Adjustable Rate Mortgage Work?

• Tied to an economic indicator beyond the lender's control
• Rates at time of adjustment set in accordance with the movements of that indicator
• Annual interest rate caps as well as a maximum lifetime cap (caps limit the amount of increase or decrease during each adjustment period and over the life of the loan)

How much you can afford? Our mortgage calculator is designed to help you estimate the mortgage loan amount that fits your budget.

We're Here to Help

If you are interested in a Hudson City mortgage, or have questions about the best mortgage to meet your needs, feel free to contact us.

Want an Application?

If you want to apply or simply want to get a head start, print and complete our Mortgage Application Package.

Completed applications may be hand-delivered or mailed to one of our Branch Locations or Mortgage Centers.