Mortgage Rates in Illinois at Harris Bank
Harris Bank is a Midwest bank headquartered in Chicago, Illinois. Harris offers mortgage loans across the U.S. The bank provides mortgage loans and competitive mortgage rates in Illinois as well as other states on a variety of different home loan products.
Harris offers loans for purchasing new homes and refinancing existing home loans. Mortgage loans products include standard fixed rate home loans with different terms, adjustable rate loans with different fixed rate periods and even biweekly mortgage loan programs.
Potential home loan borrowers that are not sure about loan qualifications, Harris has a pre-approval that provides a firm loan commitment from the bank.
Current Illinois mortgage rates offered by Harris Bank include the following products, terms and mortgage rates:
30 year fixed rate mortgage has a mortgage rate of 5.125 with no points and a 5.161% APR.
The 30 year fixed rate loan with 1.0 point has a mortgage rate in Illinois of 4.875% and a 4.999% APR.
On a 15 year term, the fixed rate loan in Illinois offered by Harris has a mortgage rate of 4.500% with no points and a 4.561% APR.
With 1.0 point, the 15 year mortgage rate is 4.250% and an APR of 4.461%.
For Illinois mortgage rates with adjustable rate terms, Harris Bank offers several options.
The five year adjustable rate mortgages with a 30 year terms has a mortgage rate of 4.125% with no points and an APR of 3.510%.
The 5/1 ARM with 1.0 points has a mortgage rate of 3.75% and a 3.458% APR.
The seven year adjustable rate mortgage in Illinois has a mortgage rate of 4.625% with no points and a 3.869% APR.
With 1.0 point, the 7/1 ARM has a mortgage rate of 4.375% and an APR of 3.833%.
The listed mortgage rates in Illinois are based on a loan amount of $250,000.00 with a 20% or greater down payment for a single family owner occupied property. Other mortgage rates in Illinois and point options are available.
Illinois mortgage rates are current as of this publication, March 10, 2010 and are subject to change at anytime without notice. A home loan borrower’s final mortgage rate may vary based on the specific characteristics of their loan transaction including, but not limited to, the region where the loan is originated, any additional loans against the property, the borrower’s credit profile up to the time of closing. All mortgage loans in Illinois are subject to approval by Harris.
Harris Bank is part of the BMO Financial Group and along with mortgage loans, provides a variety of personal, business and corporate clients with banking, lending, investing and wealth management products and services.