Mortgage


Residential First Mortgages
Bogota Savings Bank is committed to providing the best mortgage solution for you.  A mortgage professional will work with you personally to understand your needs and provide you with options that fit those needs.  Whether you are buying your first home, moving up, downsizing, refinancing or looking for financing on an investment property, we offer fixed rate mortgages and adjustable rate mortgages tailored for you.  Our process is fast and easy.

Current rate with 1/8% rate reduction when monthly payment is automatically transferred from a Bogota Savings checking account.

A refundable 90 day rate lock in feature is available 1/2% with the completed application.

A non-refundable credit report fee of $17.00 is payable at the time of application. An application fee of $550.00 is due once initial disclosures are received and reviewed. The application fee on a 2 family dwelling, Townhouse or Condominiums is $650.00. The application fee for property values in excess of $1,000,000 is $800.00. For each additional applicant other than a spouse, add $25.00 to the application fee.

All rates are subject to change without notice.

If you would like an application, simply press the “Application” key and you can view and print a complete application kit.

Home Equity


Fixed Rate Home Equity Loans
Looking for a monthly payment that fits within your budget?  A fixed rate home equity loan with Bogota Savings Bank is the answer.  You can choose any term you would like up to thirty years.  With a Bogota Savings Bank fixed rate home equity loan you can payoff your 1st mortgage, consolidate debt, purchase a car, refurbish your home, or do just about anything else you can think of.

Current Rate with 1/8% rate reduction when monthly payment is automatically transferred from a Bogota Savings Bank Checking Account.

No Application Fee

Interest rates are higher and LTV’s may be lower for Investment Properties, please call for details.
All rates are subject to change without notice.

If you would like an application, simply press the “Application” key and you can view and print a complete application kit.

Home Equity Line of Credit
Bogota Savings Bank offers instant purchasing power and flexibility with a HELOC that fits your needs.  Our HELOC gives you ready access to cash anytime you need it.  This type of credit is best suited for large purchases or expenses that are needed and repaid within unscheduled time frames.  Such as college tuition, renovations that will be paid for over time, a major purchase that will be paid off from a bonus or any other flexible payment scenario you can think of.

*Annual Percentage Rate
All rates are subject to change without notice.
Rates are current as of 7/26/2010

If you would like an application, simply press the “Application” key and you can view and print a complete application kit.

Commercial Mortgages:
Looking to purchase or refinance a commercial piece of property  i.e., retail space, mixed use property, professional offices, multifamily properties,  let one of our loan specialists work with you to come up with a financing package that is made to suit your needs.

Passbook Loans

We offer passbook loans at 95% of your available balance.  This is an easy way to borrow with no qualifying credit checks performed.  Keep your savings and repay your loan in monthly installments.