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Ridgewood Savings Bank

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Affordable Mortgage Rates

1 to 4 Family, Condo, Co-opInitial RateAPRPointsCPM/Initial RateCurrent Fully Indexed Rate(a)CPM/Current Fully Indexed Rate(b)
Good Move - 15 Year Fixed6.125%6.28%0$8.51N/AN/A
Good Move - 20 Year Fixed6.375%6.50%0$7.38N/AN/A
Good Move - 30 Year Fixed6.500%6.60%0$6.32N/AN/A
Good Move - Bi-Weekly 30 Year Fixed*6.375%6.47%0$6.24N/AN/A
Good Move - 5/1 ARM6.000%7.27%0$6.008.000%$7.34
Good Move - 7/1 ARM6.125%7.10%0$6.088.000%$7.34
Good Move - 10/1 ARM6.250%6.92%0$6.168.000%$7.34
Good Move - 15/1 ARM6.375%6.74%0$6.248.000%$7.34
SONYMA (Achieve the Dream) - 30 Year Fixed**6.000%6.00%0$6.00N/AN/A
Rates are effective as of 6/06/2023


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Good Move Mortgage loans are available for owner-occupied properties located in the five boroughs of NYC, Nassau, Westchester, Suffolk, Putnam, Rockland and Fairfield Counties. Income Limits Apply. Maximum Loan Amounts Apply. Available for 1-4 Family, Condos and Co-ops. LTV Guidelines Apply. Annual cap on 5/1 Adjustable Products is 2%. Annual cap on 7/1 & 10/1 and 15/1 Adjustable Products is 5% at first adjustment and then 2% thereafter. Lifetime cap on all adjustable products is 6% over the initial interest rate.

CPM = Cost Per Thousand Borrowed

Rate (a)This interest rate is an estimate of the rate that will apply for the remaining term of the loan. However, the actual interest rate will adjust periodically in accordance with the loan terms.

Rate (b)This payment is an estimate of the payment that will apply for the remaining term of the loan. However, the actual payment will adjust periodically in accordance with the loan terms. For first lien mortgages, the payment shown does not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater.

*Requires direct debit from a Ridgewood Savings Bank checking account. Other products are available. For additional information on Mortgage Loans, please call our Mortgage Center at (866)-RSB-4111 or (866)-772-4111.

**On any SONYMA loan where the applicant requested a Down Payment Assistant Loan (DPAL), add .375% to the rate.

Loan products and services subject to credit approval.

Rates & terms are subject to change without notice.