The Berkshire Bank
SEARCH
Serving Communities in New York & New Jersey
HomeAbout UsProductsOnline BankingNewsLocations
BerkOnline Login

 

 

 

Loans & Mortgages 

The Berkshire Bank offers a variety of residential and commercial mortgages and loans, all at competitive rates. From fixed to adjustable, 3 year to 30 year and conforming to jumbo, we are sure to have the mortgage that’s right for you.  Our core mortgage products include:

Commercial Mortgages

Commercial Loans

Conforming & Jumbo Mortgages

Residential Mortgages

For full details on all our products and services, please consult our Account Agreement and Disclosures and our Schedule of Fees and Service Charges


Commercial Mortgages

No matter what your commercial mortgage needs are, The Berkshire Bank has the loan for you.  We recognize your need to successfully manage your business goals. We can build a loan program that works in partnership with you and supports your long-term business goals.  Contact us directly and we will put you in touch with one of our Mortgage Advisors to help you decide on which commercial mortgage to choose.

Return to Top


Commercial Loans

We have an in-depth knowledge of the Commercial Lending marketplace and we put that knowledge to work to help you achieve your business goals, with:

  • Term loans and revolving lines of credit to help your business grow or smooth out your cash flow.
  • Equipment financing to keep pace with your business growth, or give you a competitive edge.
  • Accounts receivable financing for simple, cost-effective access to cash that can help you better manage seasonal business fluctuations and cash flow gaps.
  • Commercial mortgages and construction financing for owner-occupied and investment properties, equipment loans, land acquisition, site development and construction loans.
Return to Top


Conforming & Jumbo Mortgages

Successfully purchasing property requires finding the best type of loan and terms for your personal or business financial situation. Several different loan products, each designed to meet a buyer's specific circumstances, are available at The Berkshire Bank.  Our experienced Mortgage Advisors will work with you to provide the best loan for your needs. 

Conforming Mortgages are secured by government sponsored entities like Fannie Mae and Freddie Mac. These companies do not lend money directly to you, but work with lenders like The Berkshire Bank to offer mortgage loans that meet your needs. There are limits to the amount of these loans based on national average home prices.

Jumbo Mortgages are funded by other investors and are for loan amounts higher than the limits of a conforming loan. Jumbo loans usually carry a higher interest rate and some additional underwriting requirements.

Return to Top


Residential Mortgages

Our residential mortgage loans will make you feel at home. The Berkshire Bank wants to help you buy the home of your dreams! You'll find our mortgage loans come with affordable interest rates, flexible terms and much more! You can always count on the expertise, professionalism and personal touch of our experienced Mortgage Advisors. No hassles, no headaches, no delays. Do business with us, do better with us. It's more than just a slogan, it's a way of doing business you'll come to rely on.

Term                                                  Interest Rate Points APR* Dollar Amount Per Thousand 
15 Year Conforming Fixed**3.375%0.003.469%  $7.09
20 Year Conforming Fixed**4.125%0.004.204%  $6.13
30 Year Conforming Fixed**

4.375%

0.004.434%$4.99
15 Year Jumbo Fixed4.750%0.504.895%$7.78
30 Year Jumbo Fixed5.000%0.505.085%$5.37

Click here to our Terms and Conditions

Return to Top 


Terms and Conditions

Interest rates valid as of March 31, 2014
Interest rates and offers are subject to change or may be modified or withdrawn at any time and without notice. 
* Annual Percentage Rate (APR) is based on an estimated loan.
** These rates are for qualified loans in the secondary market. Please call for rates for portfolio loans.

Certain restriction may apply.

For full details on all our products and services, please consult our Account Agreement and Disclosures and our Schedule of Fees and Service Charges

Return to Top 


FDIC Insured
FDIC Insured
 
Equal Housing Lender