URSB has committed $5,000,000 to meet the affordable housing needs of Carteret, Port Reading, and Avenel, with up to $50,000,000 available for other housing needs in the community. Our Affordable Housing Mortgage Programs show our investment in the success of our customers’ families, goals and ambitions.

Second AHP Mortgage


  • 15 year fixed rate second mortgage
  • 0.25% discount on our fixed rate second mortgage
  • One and two-unit eligible properties (including condominiums) located in Carteret or Port Reading or Avenel and must be for an owner occupied primary residence
  • The applicant must state that the funds are to be used for home improvement purposes (no receipts/proof necessary)
  • Gross annual household income must be less than $84,320 to qualify

Credit Criteria

  • Minimum credit score of 680 and combined loan to value ratio (CLTV) of 80%, the maximum loan amount is $25,000
  • Minimum credit score of 720 and combined loan to value ratio (CLTV) of 90%, the maximum loan amount is $10,000
  • Per Fannie Mae guidelines, borrower(s) must qualify on their own
Check our Current Rates

Learn More

Call Today for More Information: 732-541-5445, ext. 207