Peapack-Gladstone Bank
Personal Banking

Mortgage Loans

Peapack-Gladstone Bank offers a full range of financing plans to buy a home, refinance it and utilize equity to make other purchases, like a new car or a college education. We offer a full line of mortgage loan products that make home ownership easy.

Due to our knowledge of the local real estate market and business climate, we are not limited to traditional criteria for determining mortgage eligibility. As a local community bank with a personalized approach, we move quickly to get you the answers you need.

Calculators          Contact Us         FAQs         Rates and Terms

    
Find the mortgage money you need at our community bank!

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Adjustable-Rate Mortgages

Get an adjustable-rate mortgage and enjoy a lower interest rate and monthly payments at the start of your loan. With an adjustable-rate mortgage, your interest rate is locked for a set period of time before it begins to adjust. Rate increases/decreases are limited by an adjustment cap, as well as a lifetime cap.

Rates and Terms
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Affordable Mortgage Products

This program enables qualifying low- and moderate-income individuals to obtain a mortgage loan at the lowest possible cost. It offers reduced fees, lower rates and a low down payment.

  • Eligibility is based on income and geographic restrictions.
  • Purchase and refinance transactions allowed.
  • No cost pre-qualifications are available.

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Construction-Permanent Mortgages

Want to build your own home? Peapack-Gladstone Bank provides competitive rate financing for the construction of new homes and major renovations. At the end of the construction phase, your loan will be modified into a permanent mortgage. We offer Construction-Permanent financing in Essex, Hunterdon, Middlesex, Morris, Somerset and Union counties.

  • Finance the purchase of land, construction of a new home and a permanent mortgage all at once.
  • Save money on closing costs and related fees with one loan closing for construction through permanent phases.
  • Lock in the permanent mortgage rate before construction starts.
  • Pay interest only during the construction phase at the permanent mortgage rate.
  • Customize the draw schedule and time period to the size of your construction project.

Rates and Terms
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It may be time to refinance your current mortgage!

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Fixed-Rate Mortgages

Finance your home with a traditional fixed-rate mortgage and enjoy the stability of fixed monthly payments and a fixed interest rate throughout the life of your loan. Our fixed-rate mortgage is available with a choice of loan terms.

Rates and Terms
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Reverse Mortgages

If you are 62 years of age or older, Peapack-Gladstone Bank can help you convert the equity in your home into tax-free* monthly income. Unlike traditional equity loans and mortgages, no repayment is required until your home is sold or is no longer your principal residence.

  • Retain ownership and live in your home.
  • Use cash advances for any purpose.
  • Loan proceeds are not considered 'income' and do not affect Social Security, Medicare or Medicaid benefits.
  • Heirs keep your home once the reverse mortgage is repaid.

*Consult a tax advisor regarding the deductibility of interest.

Rates and Terms
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More Options

  • Interest-Only Option - Get payment flexibility with an interest-only option. This mortgage offers a ten-year interest-only period and then an amortization of principal and interest for the balance of the term. During the interest-only period, you can make extra principal payments at any time.
  • Bi-weekly Payment Option - You can save thousands of dollars in interest and build equity over the course of your mortgage by making just half the mortgage payment every two weeks, instead of one full monthly payment. By doing this, you actually make 26 half payments equal to 13 full payments each year. This option is available on some of our fixed-rate mortgage products.
  • Refinance Option - Our full line of mortgage products is available for your consideration.  To determine whether refinancing is the right option for you, you should compare your new monthly payment calculation, the closing cost expense of refinancing and the effect of refinancing on your long-term interest expense.  A streamline refinance option is available for customers who currently have a mortgage with the Bank.


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Personal Banking
Equal Housing Lender FDIC
Digital Insight, an Intuit company
Peapack-Gladstone Bank is a full-service NJ bank providing both business banking and personal banking and has served the New Jersey Banking community since 1921. We're committed to offering our customers the most convenient and innovative products and services to help them successfully navigate through the demands of life. Peapack-Gladstone Financial Corporation is a bank holding company. Peapack-Gladstone Bank was established in 1921 and is a wholly owned community bank. nj bank nj community bank nj commercial lending nj cd rates nj mortgages. free checking free business checking high yield checking mobile banking online banking. online account opening, remote deposit, e-statements, nj trust & investments. We have 21 branches in Somerset County, Hunterdon County and Morris County including the cities of Basking Ridge, Bedminster, Bernardsville, Bridgewater, Califon, Chatham, Chester, Clinton, Far Hills, Gladstone, Green Village, Hillsborough, Long Valley, Mendham, Morristown, Oldwick, Peapack, Pottersville, Summit, Whitehouse Station and Warren. Discover the conveniences all of Peapack-Gladstone Banks are having to offer. Business checking; free business checking accounts, interest-bearing checking accounts. Business savings; certificates of deposit, high yield money market accounts, insured money market accounts, sixth year in money market accounts, statement savings account. Commercial lending. Small-business lending. Other business services; cash management, remote deposit, merchant services. Personal banking; personal checking, chairman's club checking accounts, free personal checking accounts, interest-bearing checking accounts, NJ consumer checking accounts, opening a personal checking account. Personal savings; certificate of deposit's, IRA certificates of deposits high-yield money market accounts, insured money market accounts, IRA savings accounts, pony club savings accounts, statement savings account, opening a personal savings account. Consumer loans; home equity fixed term loans, home equity line of credit loans, personal unsecured loans, personnel reserved loans, vehicle loans, Car loans. Mortgage loans; adjustable rate mortgages, affordable mortgage products, construction permit it mortgages, fixed-rate mortgages, reverse mortgages. Products and services; access 24 our own banking, ATM banking, check reorder, point machines, credit cards (MasterCard Gold, Visa classic and platinum, Visa platinum was flexed miles, Visa business, direct deposit, net access Internet banking and bill paying service, mobile banking, night deposit, online financial calculators, adjustable rate mortgage calculator, biweekly payment calculator, kids calculated, to mortgage loan calculator, PITI, retirement calculator, refinance and interest savings, savings calculator, safe deposit boxes, Visa check cards. Trustee services. nj bank. nj community bank. nj commercial lending. nj cd rates. nj mortgages. free checking. free business checking. high yield checking. mobile banking. online banking. online account opening. remote deposit. e-statements. nj trust & investments. State administration services. The state and trust administration services. Charitable trusts and private foundations. Investment management services. Custody services. Individual retirement plan services. Reporting services. Cash management services. Tax preparation services. Financial planning services. Wealth management services. PDB's financial services.