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Routing Number: 221272439 | ATM Locator | (732) 388-1800 | Contact Us
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 market, competitive rates, low fees, and in-house underwriting for most of our lending programs.
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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All offers are available in New Jersey only.
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 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
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
RSI Bank’s jumbo portfolio loans are appropriate for those borrowing between $424,100 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 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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RSI Bank can help you obtain a grant of up to $7,500 for the purchase of a home, through a partnership with the Federal Home Loan Bank of New York (FHLBNY)4. Applicants must establish and adhere to a savings plan. The grant money is interest free and the principal can be forgiven over time. Ask a representative for details.
Inquire about First Home Club
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
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
RSI Insurance Agency5 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 Subject to approval by FHLBNY 5 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.
Loan applications are limited to the following states.
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