Rates
Mortgage Rates
| Loan | Points | Interest Rate | APR1 |
|---|---|---|---|
| 15 Year Fixed Mortgage2 | 0 | 6.750% | 6.860% |
| 30 Year Fixed Mortgage3 | 0 | 7.250% | 7.320% |
| 10/6m ARM4 | 0 | 7.250% | 7.598% |
- The payment schedule would be 179 payments of $2,123.78 and 1 payment of $2,124.53. This payment amount includes principal and interest and does not include taxes and insurance, the actual payment will be greater.
- The payment schedule would be 359 payments of $1,637.22 and 1 payment of $1,641.57. This payment amount includes principal and interest and does not include taxes and insurance, the actual payment will be greater.
- 10/6m Adjustable Rate Mortgage (ARM) are variable rate loans. After the initial fixed-rate period, the interest rate can increase or decrease every 6 months. This interest rate will be determined based upon an index plus a margin. The index is based on the 30-day Average SOFR index published by the Federal Reserve Bank of New York. The margin is 2.75%. The payment schedule would be 120 payments of $1,637.22 at an interest rate of 7.250%, 239 payments of $1,748.80 at an interest rate of 8.125% and 1 payment of $1,746.86 at an interest rate of 8.125%. This payment amount includes principle and interest and does not include taxes and insurance, the actual payment will be greater.
All loans are subject to credit and underwriting approval. Additional terms and conditions apply, ask your loan officer for details.