Joseph Scimone

Contact Information

Office Number: 973-788-1719
Mobile Number: 732-4063396
Fax Number: 732-559-7169

Professional Information

NMLS Number: 223245

Biography

Joe Scimone is a Senior Loan Officer with over 25 years of experience in helping clients with their home financing needs. He has funded over $1 Billion in mortgage loans during that time and has treated each and every client with exceptional service. That service has provided Joe satisfied customers and referral sources that give him high compliments.  Joe has been a perennial Circle of Excellence recipient with Investors Bank, specializing in financing New Construction Home Loans with Investors' specialized rate lock. Joe obtained his business degree from Rutgers College.  

Zillow Reviews
“My wife and I used Joe to help us finance the purchase of our home a few years back. We are not mortgage experts but we had heard about ARMs vs fixed rates. Joe explained the differences, advantages, and disadvantages of each, making the comparisons relevant for our situation in life with kids, etc.
I'd highly recommend Joe to anyone looking for the best way to navigate through the different types of mortgages available.”
-John, 5 Stars
 

 
“Joe is a true professional and made the process of obtaining a mortgage smooth and transparent. I worked with him on three separate occasions and each time he demonstrated knowledge and insight that helped move the process forward and get me the best deal. Never mind the apps! Talk to a professional.”
-Ben Allenwood, 5 Stars
 

 
“I have worked with Joe for about 20 years on both purchases and refinances of homes. Joe does a great job to understand both your financial and personal situation and then will recommend the best mortgage product to meet your needs.”
-Doug Stout, 5 Stars
 

 
“Joe helped my wife and I finance our first home. As you can imagine this was a very exciting and stressful time for us. Joe took all the stress away. He is extremely knowledgeable about the market and helped us pick the best product that suited our needs. The experience could not have gone any better. If you are looking to purchase a new home or refinance an existing property, then look no further. You are in the best hands with Joe!”
-zuser2016, 5 Stars
 

 
“Buying/refinancing can be extremely stressfull situation, but not when you have the best people in your corner. Joe is extremely knowledgeable about the business and market place. He is the ultimate professional and would refer him to everyone I know. Trusting, honest, hardworking, and probably the funniest person i know. Through the process he practically became one of the family. Great great experience!!!!!”
-Cesare Cagnina, 5 Stars
 

 
“Having a person who has my back and gives me guidance to get to the right program is paramount for deciding on a lender. Joe calls me back quickly and is incredibly knowledgeable about all things I didn’t think I even needed to know.”
-Gary Kadi, 5 Stars
 

 
“I have used Joe to numerous times in the past 25 years for my own loans as well as recommending him to friends and family. He is very easy to work with and he gives you options that are the best for you and your family. I wouldn't do my loan with (or recommend) anyone else!”
-philz, 5 Stars
 

 
“I have used Joe numerous times over the course of 20 plus years for both home purchases as well as refinances. He always gives unbiased, well thought out guidance in terms of financing options (ARMs vs Fixed, and term) and ALWAYS delivers on his promises. I have and will continue to recommended Joe to my friends and family. He is truly a pleasure to work with and takes the stress out of buying a home...”
-chris23, 5 Stars
 

 
“My husband and I have known Joe Scimone for 20 years. He has done both mortgages and 2 mortgage refinances for us. He is professional,courteous,extremely knowledgeable, and very timely. We have referred many friends and family members to Joe. He makes an extremely anxious and difficult process,very easy and worry free. He was quick to respond to any and all questions we had.”
-Jennifer Nord, 5 Stars
 

 
“Working with Joe was an absolute pleasure. From pre-approval to closing Joe helped us every step of the way. As we were first-time home buyers, my wife and I were anxious and had endless questions regarding the home buying process. However, Joe took extra care to ensure we understood every part of our mortgage and alleviated any concerns we had with his expertise and professionalism. He made himself available through phone and email and made us feel comfortable reaching out with any questions we had. Joe got us the best deal with the lowest interest rate. He was also genuinely excited for us when we closed on the house. I would recommend using Joe Scimone to anyone.”
-Adam Nord, 5 Stars
 

 
“Joe Scimone was recommended to us by a friend. He is extremely knowledgeable and professional. He treated us like we were family. He was always available to answer questions and got us great rates.”
-stefbeth0, 5 Stars
 

 
“Joe helped us with our mortgage. As anxious home buyers we were very intimidated by the whole process and meeting with him first prior to starting our search was the best move ever. He educated us and guided me from start to finish and made our purchase an amazing experience. Hopefully we won't need a mortgage anytime soon but would definitely use him again and will be recommending him to family and friends. Thank you again Joe!”
-Lori Messina, 5 Stars
 

 
Program Interest Rate APR* Apply Link
30 Year Fixed Rate Jumbo Bi-Weekly* 3.50% 3.531% (0 points)
15 Year Fixed Rate Jumbo Bi-Weekly* 3.00% 3.076% (0 points)
30 Year Fixed Rate* (to $484,350) 3.75% 3.826% (0 Points)
H.O.M.E. 30 Year Fixed Rate* 3.625% 3.712% (0 points)
30 Year Fixed Rate*( Mortgage Rewards) 3.625% 3.712% (0 Points)

We offer first mortgage programs, for purchase or refinance, on 1 to 4 family properties. The home must be owner occupied as the owner's primary residence or true vacation home. Not all of our products are listed above - please call 855.446.9977 to learn about our many other options! 

As rates are subject to change at any time without notice, please contact an Investors Home Mortgage loan officer for the most updated rates. Website authorization by the New York State Department of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. 

The Interest Rates, APR, and fees displayed may be adjusted based on several factors including, but not limited to, property location, loan amount, loan type, occupancy, property type, loan to value, debt to income ratios, FICO credit scores, and asset reserves. Certain conditions and restrictions may apply, not all products are guaranteed for your situation. All loans subject to credit approval and satisfactory appraisal. Bi-weekly loans require auto debit payments and payroll direct deposit into an Investors Bank checking account. For complete details on all of the products and offers on this page, see our Mortgage Disclosures or call us at 855.446.9977 for further information.

Published rates include incentives, where applicable, and are only offered on new loans. Incentives not available on expired rate locks. The incentive may change or be discontinued at any time and without notice. Rate shown is based on best pricing available, conventional or conforming rates of the products shown, and are assumptions for a borrower with excellent credit, verification of the value of your home, your credit score, and other considerations. Borrowers and properties must qualify under FNMA and Bank guidelines. Restrictions apply.

Annual Percentage Rate (APR)

APR: Annual Percentage Rate. All APRs and fees subject to change without notice.

  • Add 0.25% for all loans with a median credit score below 680 and loan to value/combined loan to value over 70%
  • Add 0.25% to the interest rate for loans over $2,000,000.00
  • Add 0.125% to the interest rate for all New York Loans or 0.25% origination point to your closing costs, except Co-op properties
  • Add 0.125% to the interest rate for all Condominiums / Attached PUDs over 75% LTV
  • Add 0.125% to the interest rate for all Condominiums/ Attached PUDs (projects of 4 units or more) that are 100% complete and 90% sold (closed). These adjustments are cumulative.
  • No add on for all co-op loans up to 75% LTV/CLTV. Add 0.25% for 75.01%-90% LTV/CLTV
  • Add 0.125% to the interest rate for all 2-4 family properties

30 Year Fixed Rate Jumbo

This rate is for the 30-Year Bi-Weekly product only, and applies to single family primary residence home purchases. The 30 Year Bi-weekly rates listed above are only available for properties located in New Jersey and our defined lending areas within NY, PA, and CT. Rate quoted is for loan amounts above county FNMA limit to $2,000,000. Bi-weekly mortgage payments are available on 10, 15, 20 and 30 year fixed rate mortgages (other discounts may apply). Borrower(s) must have auto debit and payroll direct deposit into an Investors Bank checking account to be eligible for Bi-Weekly discount. Borrower(s) must meet the following criteria in order to be eligible for the rate shown.

  • 740 or above median credit score
  • 12 month reserves
  • Maximum LTV of 80% on balances up to $2,000,000.00
  • Maximum DTI 40% and LTV equal to or above 65%
  • Maximum DTI 43% and LTV below 65%
  • If all criteria is not met, interest rate subject to .375% add on
  • Refinance options available. Please call for options.

15 Year Fixed Rate Jumbo

This rate is for the 15-Year Bi-Weekly product only, and applies to single family primary residence home purchases.  The 15 Year Bi-weekly rates listed above are only available for properties located in New Jersey and our defined lending areas within NY, PA, and CT. Rate quoted is for loan amounts above county FNMA limit to $2,000,000. Bi-weekly mortgage payments are available on 10, 15, 20 and 30 year fixed rate mortgages (other discounts may apply). Borrower(s) must have auto debit and payroll direct deposit into an Investors Bank checking account to be eligible for Bi-Weekly discount. Borrower(s) must meet the following criteria in order to be eligible for the rate shown.

  • 740 or above median credit score
  • 12 month reserves
  • Maximum LTV of 80% on balances up to $2,000,000.00
  • Maximum DTI 40% and LTV equal to or above 65%
  • Maximum DTI 43% and LTV below 65%
  • If all criteria is not met, interest rate subject to .125% add on
  • Refinance options available. Please call for options.

30 Year Fixed Rate

Rates are based on single family home purchases with 25% down payment, or 75% loan to value.

5/1 ARM

Adjustable Rate Mortgages (ARMs) are variable and are subject to change after consummation. First rate change may occur after the borrower's 60th payment. ARM Payment Schedules are based on a loan amount of $100,000.00. Rates are based on single family primary home purchase.

7/1 ARM

Adjustable Rate Mortgages (ARMs) are variable and are subject to change after consummation. First rate change may occur after the borrower's 84th payment. ARM Payment Schedules are based on a loan amount of $100,000.00. Rates are based on single family primary home purchase.

  • 740 or above median credit score
  • 12 month reserves
  • Maximum LTV of 80% on balances starting at Fannie Mae county limits and up to $2,000,000.00
  • Maximum DTI 40% and LTV equal to or above 65%
  • Maximum DTI 43% and LTV below 65%
  • If all criteria is not met, interest rate subject to .125% add on
  • Refinance options available. Please call for options.

H.O.M.E Product

Investors Home Mortgage offers an Affordable Mortgage Program available to borrowers who have low-to-moderate income. The program is available on 1-2 family, owner-occupied homes, condos, and co-ops for customers who meet low-to-moderate income limitations and/or who live in low-to-moderate income census tract areas in New Jersey and New York. For low-to-moderate census tract demographics, please visit www.FFIEC.gov. Homebuyer counseling required. Lender Paid Mortgage Insurance is only available on 1 family homes and condos. Refinance options available. Please call for options.

Loan Limits

Conforming Loan Amounts
See Fannie Mae Loan Limitations

Investors Bank Loan Limitations
Loans Up to $3 Million, restrictions and fees, and qualification requirements may apply.

Estimated Payment Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We do not guarantee the accuracy of the calculators or their applicability to your circumstances. Please contact us for our most up-to-date rates.

Published rates include incentives, where applicable, and are only offered on new loans. Incentives not available on expired rate locks. The incentive may change or be discontinued at any time and without notice. Rate shown is based on best pricing available, conventional or conforming rates of the products shown, and are assumptions for a borrower with excellent credit, verification of the value of your home, your credit score, and other considerations. Borrowers and properties must qualify under FNMA and Bank guidelines. Restrictions apply.

Annual Percentage Rate (APR)

APR: Annual Percentage Rate. All APRs and fees subject to change without notice.

  • Add 0.25% for all loans with a median credit score below 680 and loan to value/combined loan to value over 70%
  • Add 0.25% to the interest rate for loans over $2,000,000.00
  • Add 0.125% to the interest rate for all New York Loans or 0.25% origination point to your closing costs, except Co-op properties
  • Add 0.125% to the interest rate for all Condominiums / Attached PUDs over 75% LTV
  • Add 0.125% to the interest rate for all Condominiums/ Attached PUDs (projects of 4 units or more) that are 100% complete and 90% sold (closed). These adjustments are cumulative.
  • No add on for all co-op loans up to 75% LTV/CLTV. Add 0.25% for 75.01%-90% LTV/CLTV
  • Add 0.125% to the interest rate for all 2-4 family properties

30 Year Fixed Rate Jumbo

This rate is for the 30-Year Bi-Weekly product only, and applies to single family primary residence home purchases. The 30 Year Bi-weekly rates listed above are only available for properties located in New Jersey and our defined lending areas within NY, PA, and CT. Rate quoted is for loan amounts above county FNMA limit to $2,000,000. Bi-weekly mortgage payments are available on 10, 15, 20 and 30 year fixed rate mortgages (other discounts may apply). Borrower(s) must have auto debit and payroll direct deposit into an Investors Bank checking account to be eligible for Bi-Weekly discount. Borrower(s) must meet the following criteria in order to be eligible for the rate shown.

  • 740 or above median credit score
  • 12 month reserves
  • Maximum LTV of 80% on balances up to $2,000,000.00
  • Maximum DTI 40% and LTV equal to or above 65%
  • Maximum DTI 43% and LTV below 65%
  • If all criteria is not met, interest rate subject to .125% add on
  • Refinance options available. Please call for options.

15 Year Fixed Rate Jumbo

This rate is for the 15-Year Bi-Weekly product only, and applies to single family primary residence home purchases.  The 15 Year Bi-weekly rates listed above are only available for properties located in New Jersey and our defined lending areas within NY, PA, and CT. Rate quoted is for loan amounts above county FNMA limit to $2,000,000. Bi-weekly mortgage payments are available on 10, 15, 20 and 30 year fixed rate mortgages (other discounts may apply). Borrower(s) must have auto debit and payroll direct deposit into an Investors Bank checking account to be eligible for Bi-Weekly discount. Borrower(s) must meet the following criteria in order to be eligible for the rate shown.

  • 740 or above median credit score
  • 12 month reserves
  • Maximum LTV of 80% on balances up to $2,000,000.00
  • Maximum DTI 40% and LTV equal to or above 65%
  • Maximum DTI 43% and LTV below 65%
  • If all criteria is not met, interest rate subject to .125% add on
  • Refinance options available. Please call for options.

30 Year Fixed Rate

Rates are based on single family home purchases with 25% down payment, or 75% loan to value.

5/1 ARM

Adjustable Rate Mortgages (ARMs) are variable and are subject to change after consummation. First rate change may occur after the borrower's 60th payment. ARM Payment Schedules are based on a loan amount of $100,000.00. Rates are based on single family primary home purchase.

7/1 ARM

Adjustable Rate Mortgages (ARMs) are variable and are subject to change after consummation. First rate change may occur after the borrower's 84th payment. ARM Payment Schedules are based on a loan amount of $100,000.00. Rates are based on single family primary home purchase.

  • 740 or above median credit score
  • 12 month reserves
  • Maximum LTV of 80% on balances starting at Fannie Mae county limits and up to $2,000,000.00
  • Maximum DTI 40% and LTV equal to or above 65%
  • Maximum DTI 43% and LTV below 65%
  • If all criteria is not met, interest rate subject to .125% add on
  • Refinance options available. Please call for options.

H.O.M.E Product

Investors Home Mortgage offers an Affordable Mortgage Program available to borrowers who have low-to-moderate income. The program is available on 1-2 family, owner-occupied homes, condos, and co-ops for customers who meet low-to-moderate income limitations and/or who live in low-to-moderate income census tract areas in New Jersey and New York. For low-to-moderate census tract demographics, please visit www.FFIEC.gov. Homebuyer counseling required. Lender Paid Mortgage Insurance is only available on 1 family homes and condos. Refinance options available. Please call for options.

Loan Limits

Conforming Loan Amounts
See Fannie Mae Loan Limitations

Investors Bank Loan Limitations
Loans Up to $3 Million, restrictions and fees, and qualification requirements may apply.

Estimated Payment Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We do not guarantee the accuracy of the calculators or their applicability to your circumstances. Please contact us for our most up-to-date rates.