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Residential Mortgage Solutions

Happy Family in front of their new home financed by Columbia Bank
 Mortgages made easy with Columbia Bank, 24-hour pre-approval, 60 day close

Whether you’re a first-time home buyer or are looking to move, getting the home loan you deserve shouldn’t be a stressful process. At Columbia Bank, we make securing a home loan simple, so you don’t have to deal with mountains of paperwork or worry about uncertainty putting a damper on your home goals. You can qualify for a mortgage as long as you’re 18 years old or older. Even a wide variety levels of credit scores can qualify.

If you're thinking about buying your first home there is a lot to think about. You want to first make sure you are financially prepared to buy a home. Maybe you're all ready to buy your new home and start the application process. Start making a list of all of the things you will need to provide when applying.


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Family with "Sold" sign standing in front of house.Reasons to Buy a Home

Purchasing a home is a significant and rewarding decision. If you’re unsure about whether or not to buy a home, consider these reasons:

  • A home is a long-lasting investment. Besides providing you and your family with the basic need of shelter, by paying off your mortgage, you build up equity in your home that can be used to make large purchases or serve as a legacy for your family.

  • Owning a home can be cheaper than renting. Choosing to purchase a home can save you tens of thousands of dollars in the long term compared to renting. As rental prices increase, you could be missing out on the value of a home you’ve purchased increasing, as well. Use our calculator to help determine whether you should rent or buy a home.

  • You can create the living space you want. At rental dwellings, renters are often limited to how they can customize their space, whether they’re restricted from painting the walls or will never be able to upgrade their patio or add a pool. Homeowners can add the unique touches they crave, which may also increase the value of their homes when they’re ready to sell.

Home loans from Columbia Bank are not one-size-fits-all. You don’t need to necessarily pay 20 percent or more on a down payment to secure a loan. You may even qualify for special mortgage benefits, such as if you’re a veteran of the armed services. The first step to becoming a happy homeowner is to talk with us. A chat with one of our friendly Columbia Bank representatives to learn your options is completely free.

 
Disclosure:

*APR=Annual Percentage Rate. Rates quoted are for single-family, owner occupied primary and secondary residences located in New Jersey for purchase transactions only. Rates quoted assume a loan to value ratio of 80% and a credit score of 740. Your actual rate will depend upon several factors including, but not limited to, the loan type, loan size, property type, loan purpose, your credit score and property value. Private mortgage insurance (“PMI”) may be required depending upon Columbia Bank’s lending policy. If PMI is required, the mortgage insurance premium may increase the APR and monthly mortgage payment. All loans are subject to credit approval in accordance with Columbia Bank’s lending policies. Annual Percentage Rate (APR) calculation is based upon a loan amount of $350,000, and includes fee estimates for flood certification, real estate tax service, settlement/closing, fifteen (15) days of prepaid interest, an origination fee, and points, if applicable. Rate is accurate as of as of 3/13/19.

** If your residential mortgage loan does not close within 60 days or less (including weekends and holidays) of your signed intent to proceed, due to no fault of Columbia Bank, you will receive a $300 VISA® Gift Card at time of loan closing. Offer valid for purchase transaction only. Gift card value will be reported to the Internal Revenue Service (IRS) and a 1099-MISC will be issued. For current rates and restrictions, please contact Columbia Bank at (800) 962-4989 for further details. This offer may be withdrawn or modified at any time. Offers subject to change without notice. NMLS#504284