NO CLOSING COST OPTION

• BROOKLYN FEDERAL PAYS ALL CLOSING COSTS
• LOAN AMOUNTS UP TO $50,000
• PROCESSING FEE OF $100.00 COLLECTED AT APPLICATION, WILL BE REFUNDED AT CLOSING.

Click here to use our online information request form
An application package will be sent to you

CLOSING COST OPTION

AT CLOSING, THE BORROWER WILL BE REQUIRED TO PAY THE NYS MORTGAGE TAX, (for Nassau, Suffolk, and Westchester county, this tax is .80% of amount borrowed. For the five boroughs of New York, this tax is 1.80% of the amount borrowed.) & PROCESSING FEE OF $375.00 FOR A ONE FAMILY OR $525.00 FOR A TWO FAMILY HOME.

Click here to use our online information request form
An application package will be sent to you

RATES & TERMS

ALL RATES ARE FIXED RATES. THE RATE TENDS TO FLUCTUATE CONTINGENT UPON THE CONDITION OF THE MARKET. THE RATE WILL BE LOCKED IN AT APPLICATION FOR 60 DAYS.

MINIMUM LOAN AMOUNT: $ 10,000 ~ MAXIMUM LOAN AMOUNT: $200,000**

**LOAN AMOUNTS EXCEEDING $ 50,000 MUST OBTAIN A TITLE POLICY
(THE ESTIMATE FOR THIS WILL BE DISCLOSED TO YOU IN THE TRUTH-IN-LENDING DISCLOSURE.)

ESTIMATED TIME TO PROCESS

APPROXIMATELY TWO WEEKS UNDER NORMAL CIRCUMSTANCES. IF A NEW TITLE POLICY IS REQUIRED, AN ADDITIONAL TWO TO THREE WEEKS PROCESSING TIME MAY BE NECESSARY.

RATES, TERMS, & FEES

MAY BE CHANGED AT ANYTIME WITHOUT NOTICE. CREDIT REPORT FEES ARE NON­REFUNDABLE.