About Bruce Silberman
For over a decade, Bruce has developed and executed tailored strategies, enabling hundreds of clients to achieve the goal of home ownership. His focus is to build long-term, trusting relationships with his clients and strategic partners. Bruce finds this aspect of the lending process most rewarding. He can achieve and maintain a high level of customer service by building a cohesive processing and underwriting team, as well as achieving an efficient loan process.
The key aspect of being successful, especially in our busy lives, is accessibility. When his clients or business partners call, Bruce is always available, which ensures a strong bond. Buying a home or refinancing your mortgage can seem overwhelming if you don’t have an experienced mortgage professional. Bruce guides his clients through the process by providing a consistent level of education and support. Under Bruce’s guidance, his clients navigate through the mortgage process, from pre-approval to closing and beyond, with comfort and ease.
Not all mortgage professionals are the same. Bruce is dedicated to being a truly knowledgeable asset for homeowners and home buyers alike. He also tries to make a difference in their lives as well as with their families. The happiness that fills the room at a closing, when a family is purchasing their first home, is priceless. Bruce says, “It makes me feel as though I’m a new homeowner all over again.” That feeling is contagious and puts a smile on everyone’s face.
One of the highest compliments is the referral of family and friends. Bruce’s experience as a mortgage lender, along with a number of “word of mouth” referrals, has helped his business grow. He is happy to say, “Most of my past clients reach out to me when they want to refinance or make a new purchase.”
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The competitive edge you need to purchase the home you want. Get a fast approval with options as little as 3% down.
Current mortgage rates
Points:
| Loan Type | Rate | APR | Points | Mo. Payment |
|---|---|---|---|---|
| 30-year fixed | 6.490% | 6.727% | 0.808 ($2828.00) | $2209.94 |
| 15-year fixed | 5.490% | 5.912% | 0.951 ($3328.50) | $2857.94 |
| FHA loan | 5.990% | 7.028% | 0.961 ($2933.46) | $1964.90 |
| VA loans | 5.750% | 6.277% | 0.996 ($4069.66) | $2384.48 |
| Jumbo loans | 5.990% | 6.205% | 0.979 ($8811.00) | $5390.17 |
* Rates current as of 3/4/2025 04:38 pm, provided by Bruce Silberman, for Essex County, NJ, and are subject to change without notice.
Mortgage rates disclaimers
30 year, 15 year rate assumptions
- Purchase price: $437,500
- Down payment: 20.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 30 day rate lock
- 80.00% LTV ratio
FHA rate assumptions
- Purchase price: $310,880
- Down payment: 3.50%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 96.50% LTV ratio
Jumbo rate assumptions
- Purchase price: $1,200,000
- Down payment: 25.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 25 day rate lock
- 75.00% LTV ratio
VA rate assumptions
- Purchase price: $400,000
- Down payment: 0.00%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 100.00% LTV ratio
- Must meet eligibility assumptions to qualify
This is NOT a mortgage loan approval or commitment to lend.
The actual fees, costs, and monthly payment on your specific loan transaction may
vary, and may include city, county, or other additional fees and costs. Mortgage rates
are offered exclusively through Rate, Inc. and are subject to change without
notice. The payment amount does not include homeowners' insurance, flood insurance
(if applicable), or property taxes that must be paid in addition to your loan payment.
The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money
expressed as a yearly percentage. For mortgage loans, excluding home equity lines of
credit, it includes the interest rate plus other charges or fees (such as mortgage
insurance, discount points, and origination charges). These mortgage rates are based
upon a variety of assumptions and conditions, which include a consumer credit score
that may be higher or lower than your individual credit score. Your loan's interest
rate will depend upon the specific characteristics of your loan transaction and your
credit history up to the time of closing. Refinancing may cause finance charges to be
higher over the life of the loan. Rate, Inc. has no affiliation
with the US Department of Housing and Urban Development, the US Department of Veterans
Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture,
or any other government agency.
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Located at 139 Chestnut Street, Suite 1 Nutley NJ, 07110