Blue Foundry Bank, a financial institution that offers a full service, crafted banking experience, has announced the expansion of its Affordable Mortgage Programs. The programs feature benefits including down payments as low as 5%, eligibility for application fee waivers, and more.
“At Blue Foundry Bank, we are committed to meeting the credit and lending needs of the communities we serve through our Affordable Mortgage Program offerings.” said Jason Goldberg, EVP & Chief Lending Officer at Blue Foundry Bank. “These products are vital to our efforts in providing the greatest possible lending experience for our customers while helping them become homeowners.”
Committed to meeting the lending and credit needs of its customers, Blue Foundry Bank has a dedicated Residential Lending team to ensure that customers are matched with a mortgage that works best for them. There are three Affordable Mortgage programs available with the following benefits and eligibility requirements:
First-Time Homebuyer Mortgage: Down payments as low as 5% on single-family homes for First-Time Homebuyers
Property must be located in Bergen, Passaic, Morris, Essex, Hudson, Union or Middlesex Counties
Community Mortgage: Down payments as low as 5% on Single or Two-Family Homes
Property must be located in Bergen, Passaic, Morris, Essex, Hudson, Union or Middlesex Counties
Bergen County’s American Dream Program: The program provides a 0% deferred second mortgage; combining up to $55,000 of HOME Program funds, which are paid back upon sale of house, transfer of title or the home no longer is your primary residence
Up to $10,000 in matching down payment assistance available to eligible applicants. As Blue Foundry Bank is a participant of this program, borrowers will need to apply directly with the Bergen County American Dream Program. For Details, visit https://bluefoundrybank.com/personal/loan#bergen-county-american-dream-program
Reside or work full-time in Bergen County
Explore the full suite of residential lending products here. Or call us at (201) 683-8800 and speak to a Loan Advisor who can explain all the benefits and requirements of these programs. Other restrictions may apply.
About Blue Foundry BankBlue Foundry Bancorp is the holding company for Blue Foundry Bank, a place where things are made, purpose is formed, and ideas are crafted. Headquartered in Rutherford NJ, with a presence in Bergen, Essex, Hudson, Morris, Passaic and Somerset counties, Blue Foundry Bank is a full-service, innovative bank serving the doers, movers, and shakers in our communities. We offer individuals and businesses alike the tailored products and services they need to build their futures. With a rich history dating back more than 145 years, Blue Foundry Bank has a longstanding commitment to its customers and communities. To learn more about Blue Foundry Bank visit BlueFoundryBank.com or call (888) 931-BLUE. Member FDIC.