Mortgage Rates in Florida with EverBank
EverBank offers a number of options for home financing. The bank offers fixed rate home loans and adjustable rate home loans with competitive mortgage rates in Florida and other states.
The fixed rate mortgage loan options have varying terms and all of the fixed rate loans provide the borrower with a fixed monthly payment that will not change during the term of the mortgage loan. Many borrowers have chosen fixed rate mortgages due to their constant monthly payment but they are also the number one home loan chosen when mortgage interest rates are low.
The adjustable rate mortgages offered by EverBank offer a lower initial monthly mortgage payment and mortgage rate to fit the financial needs of borrowers who willing to accept the risk of rising rates and mortgage payments for a reduced payment initially.
Current Florida mortgage rates and loan terms offered by EverBank include:
30 year fixed rate home loan has a mortgage rate of 4.75% and an APR of 4.89%.
A fixed rate home loan on a 15 year terms has a mortgage rate of 4.125% and APR of 4.348%.
The bank offers an adjustable rate mortgage that has a mortgage rate fixed for the first five years that has a rate of 3.500% and a 3.385% APR. This is mortgage loan that has a variable rate and the monthly paymenst and interest rate may change.
Mortgage loans are available for purchases as well as refinancing existing home loans.
Mortgage rates as current as of March 9, 2010 but rates are subject to change and are not guaranteed. Florida mortgage rates and APRs are based on a single family home that is owner occupied and has a minimum 20% down payment. All mortgage loans are subject to bank approval and underwriting standards. Other restrictions and limitations on the loans listed may apply.
For more information on current mortgage rates in Florida or any other state that EverBank makes home loans or to start the mortgage application process, a mortgage representative from EverBank can be reached at 877-436-4381.
EverBank Financial Corp is a private financial services holding company headquartered in Jacksonville, Florida. EverBank operates nationally and handles consumer direct banking and lending across the U.S. The Community Banking division of EverBank serves banking customers in the Northeast Florida retail market, offering commercial and retail banking and lending products.