ING Direct Mortgage Rates September 2, 2010
ING DIRECT offers mortgages for purchase transactions as well as refinances at competitive interest rates. ING DIRECT is the operating name of ING Bank which is headquartered in Wilmington, DE. ING DIRECT does banking business online, over the phone and by mail. ING Direct mortgage applicants can apply online or over the phone.
As an online mortgage lender, ING Direct delivers home mortgages with low closing costs and fees. ING Direct mortgage’s are not without closing costs such as the title search, appraisal, flood certification fee and other third party fees that must be paid at closing. Based on the information from ING Direct on their mortgage products, the first page of the loan application can estimate closing costs.
There is no application fee associated with the ING Direct mortgage application. There is also no origination points charged to obtain an ING Direct mortgage.
ING Direct’s online mortgage application form is quite simple and easy to navigate.
ING Direct mortgages are available on purchase transaction with a minimum down payment of 20%. ING Direct mortgages can be obtained for owner occupied properties and vacation homes with a down payment of 25% needed for vacation home mortgages.
One of the reasons ING can offer competitive mortgage rates is that the loan programs are for adjustable rate mortgages. Since most home loans are not held for than five years, the ING DIRECT mortgage options are for a 5/1 adjustable rate mortgage and a 7/1 adjustable rate mortgage.
With the adjustable rate mortgages offered by ING DIRECT, the mortgage rate can adjust either up or down at a maximum of 2 percentage points annually after the fixed term ends, and cannot increase by more than 6 percentage points over the life of the loan. The mortgage rate will not change during the initial fixed period of either 5 or 7 years.
Current ING Direct mortgage rates include:
5/1 adjustable rate mortgage has a mortgage rate of 3.25% and an APR of 3.396%
7/1 adjustable rate mortgage has a mortgage rate of 3.50% and an APR of 3.499%
Once an application is accepted by ING DIRECT, the mortgage rate is guaranteed for 60 days for purchases and 45 days for a refinance even if mortgage rates go up.
The ING DIRECT mortgage rate information is current as of September, 2, 2010. Mortgage rates are subject to change at any time and all home loans are subject to bank approval. The mortgage rates listed are based a loan amount of $250,000.00 and a 20% down payment.
For more information on the mortgage loans and mortgage rates offered by ING DIRECT, the mortgage lender can be reached at 1-866-327-4599.
Top WV Bank Mortgage Lenders
Find current West Virginia mortgage rates from local West Virginia bank mortgage lenders. Finding the best mortgage involves contacting multiple mortgage lenders to compare the best mortgage rates and terms.
Regardless of the mortgage loan request, whether it is for a new home purchase in West Virginia or to refinance an existing West Virginia mortgage loan, it is important to have the right information about mortgage lenders and mortgage rates before filling out a new home loan application
Shop and compare today’s current West Virginia mortgage interest rates with the top bank mortgage lenders in West Virginia. Bank mortgage lenders listed based on total assets.
West Virginia borrowers that are buying, building, refinancing or looking for a vacation home can use these bank mortgage lenders to help find a competitive fixed rate mortgage, adjustable rate mortgage, FHA loan and more.
The top ten bank mortgage lenders in West Virginia include:
WesBanco Bank is the largest bank based in WV. WesBanco is headquartered in Wheeling, West Virginia and has over 110 bank branches in West Virginia, Ohio and Pennsylvania. WesBanco Bank can be reached at 800-328-3369.
United Bank, based in Parkersburg, WV is the second largest bank. United Bank retail customer service contact number is 800-327-9862.
City National Bank of West Virginia is the third largest bank. City National Bank of West Virginia has bank branch locations in West Virginia, Kentucky and Ohio. City National Bank can be reached at 800-896-0769.
The number four bank in WV is Summit Community Bank which has nine bank branch locations in WV and six bank branches in VA. Summit Community Bank contact number is 877-776-9722.
Centra Bank is the fifth largest bank mortgage lender in WV. Centra Bank can be contacted at 877-901-2368
Putnam County Bank is the sixth largest WV bank mortgage lender. Putnam County Bank has three bank branches and one bank lending center. The loan center can be reached at 304-562-5055.
First Sentry Bank is the seventh largest bank and has four bank branches in the WV. First Sentry Bank is available at 304-522-6400.
Huntington Federal Savings Bank is the eighth biggest bank mortgage lender in WV. Huntington Federal Savings Bank is based in Huntington, WV and has five bank branches in the state. A Huntington Federal Savings Bank loan officer can be reached at 309-528-6230
First Century Bank is the ninth largest bank in WV. First Century Bank is based in downtown Bluefield, West Virginia and has ten bank branch locations in the state. First Century Bank can be reached at 877-214-9426.
Clear Mountain Bank is the number 10 bank. The bank mortgage department can be reached at 304-777-4663.
What Type of Mortgage is Best for You?
When buying or refinancing a home, choosing the right mortgage is essential. The type of mortgage that is chosen can help a home owner towards greater financial stability, provide flexibility for life’s unforeseen circumstances, or help to build net worth at a faster rate. The right mortgage can make owning a home much easier, as well as help improve a home owner’s financial situation, but don’t wait until the time of the loan application to decide which mortgage loan is best suited for your needs.
The number of mortgage loan products available has dwindled in recent years as many of the esoteric loan products, such as sub prime loans and stated income – state assets loans are no longer being marketed. There are, however, many mortgage choices available and choosing the right one can be overwhelming. Prospective home loan borrowers should assess their financial situation and the attributes found in each loan type before choosing a type of mortgage, to help determine which mortgage is right based for their financial position.
Mortgages currently available usually fall into just a few main categories. The main mortgage loan categories are either fixed rate mortgages, adjustable rate mortgages, or a balloon mortgage. There are also FHA mortgages and jumbo mortgages, but these are categories of mortgages which in turn will have fixed rate terms, adjustable rate terms and balloon terms.
Each of these mortgage loans have different features and benefits, making them work well for different financial situations. There are also many types of individual mortgages within these categories that may involve how the rate changes on an adjustable rate mortgage or the term of the mortgage whether it is fixed, adjustable or a balloon loan.
Fixed rate mortgages are the most common home loan products and become an even larger share of mortgage originations when mortgage rates are low. A fixed rate mortgage may be right for you if you are on a fixed salary and have a regular budget. A fixed rate mortgage allows the borrower the security of knowing what their monthly payment will be each month, and this payment does not change. Fixed rate mortgages can be obtained with a variety of different terms with the 15 year terms and 30 year term being the most common.
The 30 year fixed rate home loan is by far the most common loan among all mortgage loans. Borrowers that choose shorter terms on fixed rate loan will build equity faster in their home and generally get a slightly lower mortgage rate. While it is certainly nice to build equity faster, standard 30 year loans do not have prepayment penalties and the borrower can prepay their loan at anytime either with a little extra every month, with an extra payment annually or a lump sum payment as they see fit and build equity quickly at their own pace.
Adjustable rate mortgages have the disadvantage of having a mortgage rate that may change over time and the advantage of a lower initial mortgage rate. In a low rate environment many borrowers become concerned that interest rates over the long term have only one direction in which they may go, which is up. The prospect of higher mortgage rates drives more borrowers to fixed rate loans even if the initial rate is modestly higher on the fixed rate loan. Of course, should mortgage rates decline, an adjustable rate mortgage may also experience a reduction in rate while fixed rate loans will not.
Another consideration, often overlooked in comparing an adjustable rate mortgage and a fixed rate mortgage in low interest rate environments, is that the difference between a fixed rate home loan and adjustable rate loan is often quite small. If interest rates rise it is always advantageous to borrow money at a low fixed interest rate that is subsequently paid back with a monthly payment that has been eroded in value by an increasing rate of inflation. And when mortgage rates are already relatively low, there is little room for an adjustable rate mortgage to come down any further.
An adjustable rate mortgage may very well still be a choice for those just starting out, who may not be able to afford a big mortgage payment or for those borrowers who know they will be in the home for only a short period of time. An adjustable rate mortgage allows the borrower to lock in a lower interest rate and low monthly mortgage payment amount for the first year or even few years of the loan. When the initial low rate expires, the monthly payments and mortgage rate may go up. Theoretically, by that point the borrower will be able to afford the higher payments, if they are just starting in their careers or will have moved on if they intended to reside in the home for only a short period of time.
Balloon mortgages generally have level payments for a certain number of years and then the remaining balance on the loan is due before the scheduled payments pay the loan off in full. The initial payment period is based on a longer period of time than the time at which the full balance is due. For example, balloon mortgage payments are frequently based on a 30 year term even though the full balance will due at the end of shorter term such as 5 years. Once the level payment period ends and the balloon balance is due, the borrower can refinance, sell the property or otherwise pay off the loan. The benefit of the balloon loan is a lower mortgage rate. The difference in rate when mortgage rates are high may be substantial but the difference is often quite modest when rates are low.
Before committing to any type of mortgage, research your options carefully. The key to making a sound financial decision regarding the choice of a mortgage is to both identify and measure the risks associated with that mortgage and to then determine if the risks worth the reward and even if any risks associated with a bad outcome be tolerated. But, the borrower would fully understand the risks, rewards and the costs of the home loan before filing out a mortgage loan application.
Current Mortgage Rates in Florida with TD Bank
TD Bank offers a wide range of financial products and services including home mortgages. TD Bank operates in 12 states and the District of Columbia and offers mortgage loans for purchases and refinances in those markets.
TD Bank offers competitive mortgage rates in Florida. None of the home loan programs offered by TD Bank in Florida have penalties for early payoff or prepayments. With a TD Bank mortgage in Florida, borrowers can pay off their mortgage any time with no additional charges.
Home loans with TD Bank and other mortgage lenders will often involve a variety of fees, such as the appraisal fee, title charges, closing fees, as well as state or local taxes. These fees vary from state to state but TD Bank offers a program on mortgages for purchases in Florida called the Hassle-Free Mortgage Guarantee. The Hassle-Free Mortgage Guarantee includes a commitment for same day loan decision or receive a $500.00 refund, guaranteed closing costs or a $500.00 refund and guaranteed on time closing or a $500.00 refund.
The home loan guarantee does not apply to pre-approval, refinances and the bank’s home equity loans. The amount of the guaranteed closing costs is based on the Good Faith Estimate provided by TD Bank. The same day loan decision and on-time closing guarantees are conditional on the bank receiving the required information and documents. Other conditions apply to this offer.
Current Florida mortgage rates and loans offered by TD Bank include:
30 year fixed rate loan has a mortgage rate of 5.125% with no pints and an APR of 5.150%.
The 30 year fixed with 1.0 discount point has a mortgage rate of 4.875% and an APR of 4.988%.
A 15 year fixed rate mortgage has a mortgage rate of 4.375% with no points and a 4.418% APR
The 15 year fixed home loan with 1.0 discount point has a mortgage rate of 4.125% and an APR of 4.317%.
TD Bank also offers a one year adjustable rate mortgage that has a mortgage rate of 2.875% and no points with an APR of 3.128%.
The mortgage interest rates offered in Florida, the annual percentage rates and discount points listed are subject to bank approval and may change without notice. Florida mortgage rates are based on a mortgage loan for an owner occupied, single family home with a 20% or larger down payment. All loans are subject to bank credit, income and asset approval.
TD Bank is one of the 15 largest commercial banks in the United States. TD Bank provides customers with a full range of financial products and services at more than 1,000 bank branch locations predominantly on the east coast from Maine to Florida. Florida mortgage loan applications can be completed with the bank at one of the bank branch locations or online.
California Mortgage Rates at Union Bank
There are numerous choices for consumers to choose from to find a competitive mortgage rate in the state of California. One choice is Union Bank, the largest bank measured by assets headquartered in California. The bank is headquartered in San Francisco, California and has bank branches throughout California as well as additional offices in Oregon and Washington.
Union Bank is a commercial bank that provides financial products and services to businesses and individuals. The bank offers checking accounts, savings accounts, individual retirement accounts, certificates of deposit, auto loans, personal loans, a variety of mortgage loans and more.
Union Bank has several flexible financing options for home purchases and refinances in California. The bank offers fixed rate mortgages that offer a fixed interest rate for the life of the loan, a two step mortgage that features a 40-year term with a fixed interest rate for 15 years and a one time interest rate and monthly payment adjustment for the remaining term of 25 years as well as a 5 year adjustable rate mortgage that has a fixed interest rate for the first five years of the home loan, then will adjust on the first change date after the five year period up to 3% and thereafter the interest rate can increase or decrease up to 2% per year, with a lifetime rate cap of 5% above the initial rate. These are just a few of the options for borrowers have with Union Bank to refinance or purchase a home.
Current California mortgage rates and terms offered by Union Bank include the following samples. These California mortgage rates are current as of February 14, 2010.
15 year fixed rate mortgage has mortgage rate of 5.625% with no points and an APR of 5.765%.
For a lower rate with slightly higher costs, the bank offers a 15 year mortgage rate of 5.125% with 1 point and an APR of 5.418%.
For a 5 year adjustable rate mortgage, Union Bank offers a mortgage rate of 5.000% with no points and an APR of 4.037%.
The 5 year adjustable rate mortgage with one point would have a mortgage rate of 4.500% and an APR of 3.937%.
The 15 year two step has a mortgage rate of 5.875% with no points and an APR of 5.761%.
Mortgage rates are subject to change without notice. Bank approval is required for all home loans and additional conditions will apply. These mortgage rates are dated February 14, 2010 and are based on a home loan in California on an owner occupied single family home in the amount of $325,000.00 with a $100,000.00 down payment. Mortgage rates in California and the APRs will vary based on the final loan amount, qualifications of the borrower and finance charges.
Union Bank has home loan financing options for first or second homes as well as residential investment properties. For additional home loan options and current California mortgage rates offered by Union Bank, a bank loan officer can be reached at 1-866-UB-LOANS.
All loans are subject to credit and collateral approval by the bank.
Regions Mortgage Locations Tennessee
Regions Mortgage is part of Regions Financial Corporation which is a financial holding company that operates throughout the South, Midwest and Texas. Regions mortgage provides traditional commercial, retail and mortgage banking services to its customers. Regions mortgage has over 600 loan originators in 16 states. Regions Bank operates approximately 1,900 banking offices and 2,300 ATMs.
Regions Mortgage has a number of mortgage locations in Tennessee. Regions Mortgage representative can assist prospective home loan borrowers on purchases and refinances. They can provide assistance to help select the best mortgage rate or the best mortgage loan program whether that loan is a fixed rate loan, adjustable rate mortgage, FHA loan or a jumbo home loan.
Regions Mortgage locations:
Regions Mortgage
1206 Murfreesboro Road
Franklin, TN 37064
615-748-2306 – Phone
615-748-2929 – Fax
Regions Mortgage
1600 Division St
Nashville, TN 37203
615-748-2154 – Phone
615-748-2155 – Fax
Regions Mortgage
7744 Poplar Avenue
Germantown, TN 38138
901-756-2646 – Phone
901-756-2644 – Fax
Regions Mortgage
800 25th Street
Cleveland, TN 37311
423-339-4644 – Phone
423-339-4655 – Fax
Regions Mortgage
805 Memorial Boulevard
Murfreesboro, TN 37122
615-758-1604 – Phone
615-758-1621 – Fax
Regions Mortgage
315 Deadrick Street
Nashville, TN 37237
615-748-2983 – Phone
615-736-6761 – Fax
Regions Mortgage
2052 South Main
Milan, TN 38358
731-686-2900 – Phone
731-686-2923 – Fax
Regions Mortgage
40 Burton Hills Blvd
Nashville, TN 37215
615-748-2825 – Phone
615-748-2823 – Fax
Regions Mortgage
11400 Parkside Drive
Farragut, TN 37934
865-540-5507 – Fax
Regions Mortgage
208 Sunset Drive, Suite 204
Johnson City, TN 37601
423-282-7691 – Phone
423-282-7696 – Fax
Regions Mortgage
100 E. Vine Street, #300
Murfreesboro, TN 37130
615-904-2818 – Phone
615-904-2808 – Fax
Regions Mortgage
610 North Garden Street
Columbia, TN 38401
931-380-5070 – Phone
931-380-5005 – Fax
Regions Mortgage
423 North Parkway
Jackson, TN 38305
731-661-6822 – Phone
731-661-6880 – Fax
Regions Mortgage
1100 Ridgeway Loop, Suite 100
Memphis, TN 38120
901-821-8801 – Phone
901-821-8802 – Fax
Regions Mortgage
810 Crescent Centre Drive-Suite 300
Franklin, TN 37067
615-309-7370 – Phone
Regions Mortgage
6200 Poplar Avenue
Memphis, TN 38119
901-580-5492 – Phone
901-580-5390 – Fax
Regions Mortgage
112 Long Hollow Pike
Goodlettsville, TN 37072
615-851-5295 – Phone
615-851-5232 – Fax
Regions Mortgage
10245 Kinston Pike, 2nd Fl
Knoxville, TN 37922
865-521-5220 – Phone
865-521-5227 – Fax
Regions Mortgage
3572 Tom Austin Hwy
Springfield, TN 37172
615-382-4150 – Phone
615-382-7632 – Fax
Regions Mortgage
181 Belle Forrest Circle
Nashville, TN 37221
615-662-1177 – Phone
615-662-1690 – Fax
Regions Mortgage
10 West Broad Street
Cookeville, TN 38501
931-526-2181 – Phone
931-372-6626 – Fax
Regions Mortgage
4934 Columbia Pike
Spring Hill, TN 37174
931-380-5081 – Phone
931-380-5063 – Fax
Regions Mortgage
11 Murray Guard Drive
Jackson, TN 38305
731-984-6150 – Phone
731-668-2479 – Fax
Regions Mortgage
601 Market Street, 4th Floor
Chattanooga, TN 37402
423-752-7800 – Phone
423-752-1617 – Fax
Regions Mortgage
128 North 2nd Street
Clarksville, TN 37040
931-553-5234 – Phone
931-553-5253 – Fax
Regions Mortgage
1415 Union Avenue
Memphis, TN 38104
901-762-5970 – Phone
901-762-5995 – Fax
Regions Mortgage
1604 21st Avenue S
Nashville, TN 37212
615-748-2440 – Phone
615-748-2441 – Fax
Regions Mortgage
840 State Street
Bristol, TN 37620
423-652-8554 – Phone
423-652-8541 – Fax
Regions Mortgage
3191 Lebanon Pike
Nashville, TN 37214
615-748-2593 – Phone
615-748-8418 – Fax
Regions Mortgage
5515 Brainerd Road
Chattanooga, TN 37411
423-894-1058 – Phone
423-899-4899 – Fax
Regions Mortgage
242 Lindell Street
Martin, TN 38237
731-587-3131 – Phone
731-588-2548 – Fax
Regions Mortgage
120 South Forrest Avenue
Camden, TN 38320
731-584-8223 – Phone
731-584-7114 – Fax
Regions Mortgage
3020 Kirby Whitten Rd
Bartlett, TN 38134
901-388-5868 – Phone
901-388-3361 – Fax
Regions Mortgage
3577 Hacks Cross Rd.
Memphis, TN 38125
901-759-5266 – Phone
901-759-5277 – Fax
Regions Mortgage
2 Union Square, #100 Tallan Bldg
Chattanooga, TN 37402
423-757-5807 – Phone
423-757-5815 – Fax
Regions Mortgage
1861 North Highland
Jackson, TN 38305
731-984-6000 – Phone
Regions Mortgage
333 East Broadway
Maryville, TN 37801
865-981-1470 – Phone
865-981-1411 – Fax
Regions Mortgage
6100 Kingston Pike
Knoxville, TN 37919
865-673-5751 – Phone
865-673-5755 – Fax
Regions Mortgage
805 E. Broadway Street
Lenoir City, TN 37771
865-673-5779 – Phone
865-521-5976 – Fax
Regions Mortgage
175 Miller Avenue
Crossville, TN 38555
931-484-6121 – Phone
931-456-9033 – Fax
Regions Mortgage
201 West Morris Blvd
Morristown, TN 37813
423-587-7100 – Phone
423-587-7171 – Fax
Regions Mortgage
2120 Gunbarrel Road
Chattanooga, TN 37421
423-634-4021 – Phone
423-634-4023 – Fax
Regions Mortgage
101 Elm Street
Shelbyville, TN 31760
931-684-9936 – Phone
931-680-0922 – Fax
Regions Mortgage
7540 East Brainerd Road, Suite 111
Chattanooga, TN 37421
423-752-1655 – Phone
423-321-6302 – Fax
Regions Mortgage
4383 Summer Avenue
Memphis, TN 38122
901-684-5400 – Phone
901-766-1668 – Fax
Regions Mortgage
2615 Old Fort Parkway
Murfreesboro, TN 37128
615-849-3014 – Phone
615-849-3018 – Fax
Regions Mortgage
7550 W. Farmington Boulevard
Germantown, TN 38138
901-762-5908 – Phone
901-762-5914 – Fax
Regions Mortgage
2155 Lowes Drive
Clarksville, TN 37040
931-648-2202 – Phone
931-905-0863 – Fax
Regions Mortgage
6231 Stage Road
Bartlett, TN 38134
901-385-5904 – Phone
901-385-5916 – Fax
Regions Mortgage
103 East Pleasant
Covington, TN 38019
901-475-5000 – Phone
901-475-5014 – Fax
Regions Mortgage
285 East Main
Gallatin, TN 37066
615-230-4600 – Phone
615-230-4615 – Fax
Regions Mortgage
4101 Hillsboro Road
Nashville, TN 37215
615-386-9862 – Phone
615-297-4937 – Fax
Regions Mortgage
415 Broad Street, Second Floor
Kingsport, TN 37660
423-229-0140 – Phone
423-229-0235 – Fax
Adjustable Rate Mortgages at the Top Five US Bank Mortgage Lenders
Since the price of housing has become so expensive, a number of home buyers continue to look for lower monthly mortgage payments with an adjustable rate mortgage. By reducing the mortgage rate on a home loan by .500%, a borrower a may be able to lower their payments by $31.37 a month for every $100,000 borrowed. Of course, the trade off is the potential for a rising rate and monthly payment when the adjustable rate mortgage adjusts in the future.
The advantage of the 5/1 adjustable rate mortgage (ARM) is that this home loan has an initial five year fixed -interest rate. After this initial five year fixed term, the mortgage rate will adjust on an annual basis according to an index plus a margin.
Current mortgage rates for 5/1 adjustable rate mortgages offered by the five largest US banks include the following rate and point options:
Chase Bank offers a 5/1 ARM with a rate of 4.75% and no points with an APR of 3.847%.
Chase Bank mortgage can be reached at 800-873-6577.
Bank of America offers a 5/1 ARM at 4.00% with 0.875 points and an APR of 3.655%.
Bank of America mortgage operations can be reached at 800-551-7975.
Citibank does actively market a 5/1 ARM. Rates were not available.
To contact Citibank mortgage originations the phone is 800-667-8424.
Wells Fargo Bank promotes a 5/1 adjustable rate mortgage with an interest rate of 4.00% with 1 point and a 3.663% APR.
Wells Fargo Bank mortgages can be contacted at 877-937-9357.
US Bank markets a 5/1 ARM at 4.125% and no pints with an APR of 3.948%.
US Bank mortgages loan personnel can be contacted at 888-831-7524.
Just for good measure, Quicken Loans offers a 5/1 ARM at 3.875% with 1.875 points and an APR of 3.654%.
Quicken Loans can be reached at 800-251-9080.
Mortgage rates continue to remain low though the forecast is for rates to rise in the coming months. During periods of rising rates, borrowers should generally consider locking into the current low fixed interest rates that are available in the mortgage market. Whether mortgage interest rates will rise is open for debate, however rates are highly unlikely to fall any further and will inevitably begin to rise at some point over the next few months or years.
The mortgage rates from the mortgage lenders listed were obtained on January 8, 2010. Mortgage rates are subject to change. All loans are subject to bank approval, additional conditions may apply.
Mortgage Rates and Home Loans at Gate City Bank
For consumer searching for mortgage rates and mortgage loans in North Dakota, one bank mortgage lender to consider is Gate City Bank. Gate City Bank is headquartered in Fargo, ND. The bank offers a variety of consumer loan products including home loans.
Gate City Bank is a mutual bank which means it is owned by its customers. The bank uses the deposit funds held at the bank to serve and invest in the communities in which the bank branches are located. Gate City Bank operates over 30 bank branches in the North Dakota and Minnesota.
Gate City Bank has been offering mortgage loans since 1923, and continues to offer a variety of home loan products. The bank prides itself on good customer service and mortgage loan customers are invited to call should they have any question regarding their loan, payments, taxes, and insurance, for the entire life of their home loan.
With Gate City Bank mortgages the home loans are locally approved, locally financed and locally serviced.
Gate City Bank offers a full range of products, each with different features and advantages. Gate City Bank offers free pre-approval programs, first-time home buyers loans, conventional loans with adjustable rates or fixed rates, VA and FHA loans, new construction loans, construction to permanent loans with one-time loan closing and more.
Current mortgage rates and terms offered by Gate City Bank include:
30 year fixed rate of 5.250% with 0 points and an APR of 5.357%.
20 year fixed rate of 5.125% with 0 points and an APR of 5.268%.
15 year fixed rate of 4.625% with 0 points and an APR of 4.804%.
1 year adjustable rate mortgage has a rate of 3.875% with 0 points and an APR of 2.578%.
3/1 year adjustable rate mortgage has a rate of 4.375% with 0 points and an APR of 3.120%.
Gate City Bank has a promotional offer they are currently running on their website that involves a coupon for $100 off the closing costs on any Gate City Bank mortgage loan. Additional home loan programs, mortgage rates and point options are available.
The interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. Mortgage rates and fees are based on borrowers with an excellent credit history. Mortgage rates and APR’s may vary depending on the borrower’s credit history and other attributes regarding income, employment and collateral. All home loans are subject to bank approval and additional conditions may apply.
The mortgage rates and points are not locked until confirmed by a Gate City Bank mortgage loan officer. For current mortgage rates and terms, a bank loan officer can be reached at 800-423-3344.
NY Mortgage Rates at Ridgewood Savings Bank
Ridgewood Savings Bank is headquartered in New York and has been offering banking products and services in New York since 1921. Among the many bank products and services offered by Ridgewood Savings Bank are a variety of consumer loans and home loans.
Ridgewood Savings Bank offers mortgage loans with fixed rates, adjustable rates and loans for mixed use properties. Home loans come with no application fee, there are options for no point mortgage originations and applicants can lock in a mortgage rate for up to 60 days with an option to float down to a lower mortgage rate should the mortgage market improve and the opportunity to lower the rate become available.
With a fixed rate mortgage from Ridgewood Savings Bank, a home loan borrower
knows the exact amount of the monthly principal and interest payments over the life the loan. Borrowers can choose terms ranging from 10 to 40 years. Current mortgage rates for fixed rate loans include:
Fixed rate mortgages offered by Ridgewood Savings Bank includes:
Conventional fixed rate mortgage with a 10 year term has a rate of 4.625% with 0 points and a 4.63% APR.
Conventional fixed rate mortgage with a 15 year term has a rate 4.625% with 0 points and a 4.63% APR.
Conventional fixed rate mortgage with a 20 year term has a rate 5.375% with 0 points and a 5.38% APR.
Conventional fixed rate mortgage with a 25 year term has a rate 5.50% with 0 points and a 5.50% APR.
Conventional fixed rate mortgage with a 30 year term has a rate 5.50% with 0 points and a 5.50% APR.
Ridgewood Savings Bank’s adjustable rate mortgages can offer an initial lower initial interest rate. With lower initial mortgage rate, the monthly payment will be lower in the early period of the loan. These loans also have interest rate caps at each adjustment period that limit the potential increase in mortgage payments. Current mortgage rates for adjustable rate mortgages include:
3/3 adjustable rate mortgage based on the LIBOR rate is 4.375% with o points and a 3.50% APR.
1/1 adjustable rate mortgage based on the one year Treasury bill is 4.875% with 0 points and a 3.27% APR.
3/1 adjustable rate mortgage based on the one year Treasury bill is 4.375% with 0 points and a 3.41% APR.
The annual rate cap on 1/1 through 5/1 adjustable rate mortgage products is 2%. The annual rate cap on 3/3 adjustable rate mortgage product is 2%. The lifetime cap on all adjustable rate mortgage products is 6% above the initial mortgage interest rate.
Ridgewood Savings Bank, rates displayed are available for owner occupied properties located in the five boroughs of New York, Nassau, Westchester, Suffolk, Putnam, Rockland and Fairfield Counties. Rates and terms are subject to change. Mortgage loans require bank approval and additional conditions will apply. For current mortgage rates and loan information, a bank representative can be reached at (866)-772-4111. Additional home loan products are available.
Mortgage Rates at Brooklyn Federal Savings Bank
Brooklyn Federal Savings Bank is a federally chartered savings bank headquartered in Brooklyn, New York. Brooklyn Federal Savings Bank has been operating in New York since 1887. The bank has five full service branches located in New York.
Brooklyn Federal Savings Bank offers a variety of deposit accounts, including checking, savings and certificates of deposit. Brooklyn Federal Savings Bank lending activities includes mortgage loans secured by one- to four-family homes, multi-family properties, commercial real estate, construction loans, land loans, home equity loans and various other consumer loans.
Brooklyn Federal Savings Bank provides a variety of consumer mortgages with competitive mortgage rates and fees.
Current New York mortgage rates and home loan terms offered by Brooklyn Federal Savings Bank include the following:
30 year fixed rate mortgages with a mortgage rate of 5.375% and 0.00 points with an APR of 5.519%.
A 30 year fixed rate mortgages with a mortgage rate of 5.125% and 1.00% origination fee with an APR of 5.355%.
15 year fixed rate mortgage with a mortgage rate of 4.250% and 0.00 points with an APR of 4.348%.
A 15 year fixed rate mortgage with a mortgage rate of 4.125% and 1.00% origination fee with an APR of 4.373%.
One year adjustable rate mortgage with a mortgage rate of 3.750% and 0.00 points with an APR of 3.291%.
A one year adjustable rate mortgage with a mortgage rate of 3.625% with a 1.00% fee and an APR of 3.362%.
The mortgage interest rates, annual percentage rates and points available on New York properties are subject to change without notice. The mortgage interest rate and fees displayed are based on owner-occupied single family properties with a loan-to-value of 60% or less and a credit score of at least 740.
Mortgage interest rate and fees available from the bank will be based the applicants credit history, property type, loan-to-value, and occupancy and may be different than the mortgage rates displayed. All mortgage loans are subject to bank approval and additional conditions may apply.
For current mortgage rates and home loan information a bank representative can be reached directly at 718.855.8500.