Somerset Savings Bank


Whether you're planning to buy your first home, move up to something larger, or refinance your current home, we're ready to help. We offer the competitive rates you want and the superior service you deserve. You'll feel right at home with one of our mortgages.

Adjustable Rate Mortgages

If you want to save money on your monthly payments early in the mortgage term, or want to qualify for a larger loan amount so you can buy a more expensive home, an adjustable rate mortgage may be right for you.

  • The interest rate is fixed for an initial period--typically 3, 5, or 6 years

  • After the initial period the interest rate adjusts periodically based on market conditions, and your payment may in turn fluctuate

  • Payments are based upon a 30-year term

  • For your protection there are caps on how much the rate can change at each adjustment period as well as over the life of the loan

Rates Apply

Fixed Rate Mortgages

If you want the security of knowing that your monthly principal and interest payments will never change during the life of the loan. You're probably looking for a fixed-rate mortgage.

  • Monthly principal and interest payments stay fixed

  • Provides protection from rising interest rates

  • Choose from 10, 15, 20 or 30-year terms

Rates Apply

Construction/Permanent Financing

If you are building a new home and want to arrange the construction and permanent financing in one step. Consider this type of financing.

  • Saves you time and money--one application, one approval process, one closing

  • Reduces your closing costs

  • Choice of a fixed or adjustable rate permanent mortgage at time of application

For more information on rates and fees for our Construction/Permanent Financing, please contact our Loan Division at 732-560-1700.

Free Online Banking and free eStatements are available for all of our mortgage programs to make managing your loan simple.