Home Mortgage Programs

Purchase or Refinance?

Are you interested in purchasing a new home or refinancing your current mortgage? New Millennium Bank can help make this process as simple and easy as possible with multiple loan options that fit your specific needs and we can offer LOW interest rates and FAST closings. Let our knowledgeable lending specialists guide you every step of the way from start to finish.

Call us today! We look forward to talking with you!

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Easy Mortgage Program

  • Simplified income and asset verification process

  • High debt-to-income ratio thresholds
  • Fast and common-sense underwriting
  • 5-year and 7-year ARM (Adjustable-Rate Mortgage) are offered
  • Offered in New York, New Jersey, and Georgia
Adjustable-Rate Mortgage (ARM)
Interest fixed for Interest rate change Rate change frequency Payment change
5/1 ARM First 5 years Yes, from 6th year, per preset formula (1) Annually Yes, P&I (2) amount can change
7/1 ARM First 7 years Yes, from 8th year, per Preset formula (1) Annually Yes, P&I (2) amount can change
(1) To be specified in the Loan Note. Please ask our lending specialists for more information.
(2) P&I = principal & interest

Full Documentation Loan

  • Income and asset must be fully documented (W-2 and tax returns required)
  • Conventional loan underwriting guideline is applied
  • The application is placed with a third-party lender
  • New Millennium Bank does not underwrite, fund, or service the loan
  • Fixed Rate Mortgages are offered
Fixed Rate Mortgage
Term Change Interest rate change Rate change frequency Payment change
No No None P&I will not change

Our Team

William Lee /     201-676-3328 / NMLS#482330
Kwangsuk Oh / 201-676-4935 / NMLS#2071451
Richard Hong / 732-875-1968 / NMLS#2264591
Jinsook Yoo /    201-676-3265