A set of house keys with a house shaped key tag


Financing dreams since 1851

As New Jersey’s oldest mutual savings bank, RSI Bank has helped New Jersey residents finance their dreams of home ownership since 1851. RSI Bank offers expertise in the local real estate market, competitive rates, low fees, and in-house underwriting for most of our lending programs.


Why choose RSI Bank for your home mortgage?

RSI Bank loan mortgage specialists are here to help you understand your options when making a new purchase or refinancing an existing loan.

Stop by our Rahway lending office or call to make an appointment. A local lending representative is available to answer questions or assist you. Call 732.388.1800.

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The RSI Bank Difference:
At-A-Glance Advantages

  • In-house underwriting1
  • Local experts based in Rahway, NJ
  • Dedicated customer service
  • Low application fees
  • 90-day commitment for purchases
  • No prepayment penalties
  • No hidden fees
  • A “no cost, float-down” option2
  • Competitive interest rates
  • A history of responsible lending since 1851

Choosing the Right Mortgage - Understanding Your Options

All offers are available in New Jersey only.

Adjustable-Rate Mortgages

Adjustable-rate mortgages - or ARMS - can offer lower interest rates at the beginning of the loan and a fixed payment for a period of time before the rate adjusts. For example, a 7/1/30 ARM product has a rate that is fixed for the first 84 months and then can adjust up or down annually based on the index and cap structure for the remaining term of the loan. Please see our loan assumption and disclosure page for details.

Inquire about Adjustable-Rate Mortgage


Fixed-Rate Mortgages

Fixed-rate mortgages tend to have higher interest rates than adjustable-rate mortgages. However, with a fixed-rate mortgage, you have the security of knowing that the monthly payment of principal and interest will stay the same throughout the life of the loan. It generally makes the most sense if you are buying a home that you plan to keep for many years. Ask a loan representative for details.

Inquire about Fixed-rate Mortgage


Bi-Weekly Mortgages

Twenty-six regularly scheduled payments translate to 13 monthly payments at the end of the year. This allows you to pay off the loan in a shorter time period, which may save you thousands of dollars in interest. Payments are auto-debited from a RSI Bank account every fourteen days. Ask a loan representative for details.

Inquire about Bi-weekly Mortgage


Jumbo Mortgages

RSI Bank’s jumbo portfolio loans are appropriate for those borrowing between $510,400 and $1,000,000. RSI Bank jumbo loans are available as ARMs or fixed-rate mortgages for primary and second homes, 1-4 units. There are no pricing adjustments based on credit score (a minimum FICO score of 620 is required, subject to mortgage insurance approval). Ask a loan representative for details.

Inquire about Jumbo Mortgage


First Time Homebuyer Program

First time homebuyers with credit scores of 620 or higher may qualify for this program3. A down payment of as little as 3% is required. Commitment, appraisal, credit and flood fees waived! Ask a loan representative for details.

Inquire about the Program


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Homebuyer Assistance Programs


FHA Loan Program

The Federal Housing Administration (FHA) insures this loan so you may purchase a home with as little as 3.5% down. Ask a representative for details.

Inquire about FHA Loan Program


VA Loan Program

As a benefit to veterans, the Department of Veterans Affairs (VA) guarantees repayment of loans made to veterans. No down payment and easy qualifying guidelines. Ask a representative for details.

Inquire about VA Loan Program

Homeowner’s Insurance

RSI Insurance Agency4 provides free quotes on homeowner’s insurance from top companies.

More About Insurance

1 FHA and VA programs are excluded.
2 Applies to portfolio products only, except for home equity. Ask a lending representative for further details.
3 PMI approval required. Max DTI of 43%; homeowner counseling may be required. First Time Homebuyer Program is only available as a 10/2 ARM product.
4 RSI Insurance Agency, Inc. is a wholly-owned subsidiary of RSI Bank. All non-deposit investment and insurance products are NOT INSURED BY THE FDIC, are not deposits or other obligations of or guaranteed by RSI Bank, and are subject to investment risks, including possible loss of principal amount invested. Annuities are provided by non-affiliated third parties. Investment advisory services are offered through Pentegra Investors, Inc., a wholly-owned subsidiary of Pentegra Services, Inc.

State Licenses

NMLS Loan Originator ID: 409467

Loan applications are limited to the following states.

State License Number Expiration Date
New Jersey 409467 12/31/2020