Mortgages
$500 Closing Cost Credit
Dime wants to do everything we can to make your home loan more affordable from start to closing. So we're giving you a $500* credit towards closing costs.
As the leading community bank that's served the New York area since 1864, no one understands the needs of borrowers better than Dime. We've worked tirelessly to become the go-to resource for homebuyers who want a mortgage that works best throughout the 5 boroughs as well as Long Island, New Jersey and Connecticut.
Mortgage Lending Rates
| Cost per $1K / Payment Stream per Year | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Product | Rate | Points | APR1 | Years | Payment | Years | Payment | Years | Payment |
| Portfolio 3/1 ARM2 | 2.750% | 0.000 | 2.556% | 1-3 | $4.08 | 4-30 | $3.96 | ||
| Portfolio 3yr ARM2 - Interest Only | 2.750% | 0.000 | 2.979% | 1-3 | $2.29 | 4-10 | $2.50 | 11-30 | $5.55 |
| Portfolio 5/1 ARM2 | 2.750% | 0.000 | 2.617% | 1-5 | $4.08 | 6-30 | $3.97 | ||
| Portfolio 5yr ARM2 - Interest Only | 2.750% | 0.000 | 2.950% | 1-5 | $2.29 | 6-10 | $2.50 | 11-30 | $5.55 |
| Portfolio 7/1 ARM2 | 2.750% | 0.000 | 2.645% | 1-7 | $4.08 | 8-30 | $4.08 | ||
| Portfolio 7yr ARM2 - Interest Only | 2.750% | 0.000 | 2.923% | 1-7 | $2.29 | 8-10 | $2.50 | 11-30 | $5.55 |
| Conforming Fixed 30 | 2.875% | 0.000 | 3.027% | $4.15 | |||||
| Conforming Fixed 20 | 2.750% | 0.000 | 2.966% | $5.42 | |||||
| Conforming Fixed 15 | 2.250% | 0.000 | 2.526% | $6.55 | |||||
| Conforming Fixed 10 | 2.125% | 0.000 | 2.529% | $9.26 | |||||
Read through some of the benefits of a Dime mortgage.
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Fixed rate and adjustable options up to $3 million on 1 to 4 family homes, condos, and co-ops. From pre-approval† to closing, a Dime mortgage loan originator will work with you every step of the way to make sure you get exactly what you need.
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Free pre-approvals†. We'll tell you how much you qualify for so you can be a more savvy homebuyer.
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You'll find Dime's mortgage solutions easy to understand and hard to beat. Plus if you are a Dime banking customer you may be eligible for a special discounted rate on ARM loans.
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By refinancing your current mortgage, you can tap into the equity of your home or condo to consolidate high-interest bills or for major expenses like education, home renovation, travel, weddings, a car, whatever's important to you and your family.
Dear Sean, Words wouldn't be enough to express my gratitude for you and all the help and support you showed. You got it done and as you know I already referred my brother in law and will keep referring my friends.
Thanks!
Tamer BDS.DDS.MBA
September - 2020
Greetings Mr Blue, I have refinanced a couple of times and the process has never been so smooth. I called on July 17, 2020 and closed on August 6, 2020 combing my two loans into one. Thank you for being efficient and diligent. Your grateful Customer.
Ms. Jean-B
August - 2020
100% Satisfaction! We could not have asked for anyone better. As first time home buyers in the midst of a pandemic, Sean was always level-headed, assuring, knowledgeable, and informed. He kept us in the loop every step of the way and worked with us tirelessly to ensure a great experience from start to finish for a task that can be very stressful. We are forever grateful.
Britney
May - 2020
Additional Mortgage Calculators
A house is the largest purchase most of us will over make so getting an idea of your monthly payment is an important first step to answering the “how much house can I afford?” question.
Posted interest rates are subject to change at any time. Effective Date of Mortgage Rates as posted within the Mortgage Lending Rates chart.
Mortgage Rate Disclosures: The product data on this rate sheet is for informational purposes only and is based on a purchase of an owner-occupied, single-family property, located in the state of New York. Mortgage interest rates shown are based on a borrower having a FICO credit score of 740, a 60% loan-to-value (LTV), and a 60-day rate lock period. Under certain circumstances, a 60-day rate lock may not be available. Mortgage interest rates are based on current market rates, and are subject to pricing adjustments related to several factors including, but not limited to, property type and location, loan amount, loan type, loan-to-value, occupancy type and borrower credit history.
Mortgage rates are indication only and are subject to change at any time.
† Pre-approvals are based on our review of the information that we received from you and is not a commitment to lend. Pre-approvals are subject to verification and approval of your application, information, product and property eligibility
* Subject to Dime approval. Must have a Dime account established within two weeks of receiving the mortgage commitment letter. Auto pay must be established from the Dime account to pay the mortgage. This offer is not available on the FHA loans or Jumbo Fixed Rate Loans. Offer available until 12/31/21. Dime reserves the right to cancel or modify this offer at any time without notice.
1 The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as a yearly rate. The APRs are based on the interest rate, loan origination fees, and applicable closing costs and does not take into account other loan specific finance charges that may be required.
2 For adjustable-rate mortgage (ARM) products, the monthly principal and interest payment will remain in effect for a limited period of time and then may change periodically. The index is based on the weekly average of the 1 Year Constant Maturity Treasury (CMT) Rate, plus a margin of 2.500%. The interest only (IO) products index is based on the 30 day average of the SOFR index published by the Federal Reserve Bank of New York, plus a margin of 3.000%. ARM and IO products are subject to annual and/or lifetime adjustment caps.
3 All Fannie Mae refinances (limited cash-out refinances and cash out refinances) have a loan level pricing adjustment of 0.50%
This is not a commitment to lend. Restrictions apply.