Community Builder Mortgage
Amboy Bank is honored to help our local heroes build a life in the community they give so much to. The Community Builder Mortgage offers special benefits for those who serve, teach, and protect our communities, making it easier to take the next step toward homeownership.
A Mortgage that Gives Back to Those Who Give So Much
You give so much to the communities we call home. You teach, serve, respond, and care for the people around you every day. At Amboy Bank, we believe those who give so much to our community deserve our gratitude and meaningful support.
The Community Builder Mortgage offers special benefits to help eligible community members make homeownership more attainable, with less upfront cost and more flexibility.
Built for the Community Builders
Our homes in Central New Jersey are stronger because of the people who dedicate their lives to helping others. Whether you're serving our country, teaching the next generation, or responding when your neighbors need you most, you make a difference.
As a community bank that has been part of Central New Jersey for more than 135 years, Amboy understands the importance of investing in the people who make our communities such special places to live, work, and raise a family. That's why we created the Community Builder Mortgage, with benefits designed specifically for eligible military members and veterans, first responders, and educators.
More Buying Power, More Benefits
With the Community Builder Mortgage, you can enjoy:
- No private mortgage insurance (PMI), helping you keep more of your money each month.
- 80/10/10 financing, with an 80% first mortgage, 10% second mortgage, and 10% down payment.
- 1/2 Pay option to help make monthly budgeting easier by splitting your mortgage payment into two installments.
For Those Who Serve, Teach, and Protect
The Community Builder Mortgage is available exclusively to eligible:
- Military members and veterans
- First responders
- Educators
You do a lot for our communities, and this is one small way we can give back.
Your Home. Your Community. Your Next Chapter.
Buying a home is a big step, but you don't have to take it alone. At Amboy, you'll work with a local team that understands the communities we serve and is here to help you understand your options, answer your questions, and guide you from application to closing.
And throughout the process, you can always speak with a real person right here in your community. No automated responses. No chatbots. Just local home loan experts who are here when you need them.
For more than 135 years, Amboy has believed that being a community bank means knowing our neighbors, supporting our communities, and being there when it matters.
Ready to make your move?
Talk with an Amboy home loan expert today to see if the Community Builder Mortgage is right for you.
About Amboy's Home Loans
If Rates Go Down, Simply Change Your Rate
Other banks require a refinance to change your rate, which entails a lot of paperwork and fees. At Amboy, you can modify your rate at any time with just a phone call.
Don't Worry About Rates Rising Before You Close
Your rate is locked in for 60 days. This could save you a substantial amount of money if rates go up during the mortgage approval process.
We Keep and Service Your Loan
We don't sell our loans, which means if you have questions or concerns at any time during the life of your loan, you'll always know where to find us.
Personalized Advice from our Local Team of Home Loan Experts
When it comes to home financing, one size doesn't fit all. Our local, non-commissioned experts take the time to understand your unique goals and guide you every step of the way with honest advice and tailored solutions.
DisclaimerFirst-time homebuyers and first lien positions only. Available for 1-4 family, owner occupied homes with a minimum of $50,000 and a maximum of $625,000. Approved applicants responsible at closing for funding interim interest and escrow account for property taxes and insurance. Subject to credit approvals and home appraisal. Additional terms and conditions and closing costs may apply. One or more persons can use their deposit as collateral to reduce down payment requirement and must be kept on deposit until homeowner(s) has 78% loan-to-value.