Mortgage Rates in California with Bank of the West

Bank of the West is the second largest bank based in California ranked by assets.  Bank of the West offers a plethora of consumer deposit and loan products in the state including mortgage loans in California with competitive mortgage rates.

Bank of the West provides a number of home loan products to choose form including fixed rate loans, adjustable rate loans and FHA loans.

Fixed rate mortgages through Bank of the West come with a variety of repayment terms.
The fixed rate loans have fixed principal and interest payments for the life of the loans and come with a reduced rate option with the bank’s Relationship Pricing which is available to qualifying Bank of the West customers.

The Bank of the West adjustable rate mortgages have an initial interest rate that is often lower compared to fixed rate mortgages but may change due to current market conditions or interest rates.  These mortgage loans are also available with the bank’s Relationship Pricing which is available to qualifying Bank of the West customers.

The mortgage interest rate on the adjustable rate loans will have rate changes on the loans that are capped depending on loan program and the loans do not have negative amortization provisions so the principal balance cannot increase.  The adjustable rate mortgages come with a variety of loan options and rates.

Bank of the West continues to offer competitive rates on FHA Loans.  These loans have a several different loan terms and interest rates.  FHA loans also have flexible credit and qualifying standards.

Current mortgage rates in California offered by Bank of the West include the following:

A 30 year fixed rate home loan with a mortgage rate of 5.00% and no points and an APR of 5.082%.

The 30 year loan with 1.0 point has a mortgage rate of 4.875% and an APR of 5.001%.

A 15 year fixed rate loan in California offered by the bank has a mortgage rate of 4.75% and no points with a 4.891% APR.

A 3/1 adjustable rate mortgage has a mortgage rate in California of 4.125% with no points and a 3.422% APR.

The 5/1 ARM which has a fixed rate period of five years as opposed to 3 years that is on the 3/1 ARM,  also has a mortgage rate of 4.125% with no points and a 3.553% APR.

The California mortgage rates and fees listed are available to borrowers with an excellent credit history on owner occupied single family properties with a 20% or greater down payment.  The actual mortgage interest rate and fees available to a borrower will be based on their credit history and other qualifying conditions. 

The California mortgage interest rates, annual percentage rates (APRs), and points listed are subject to change without notice and assume the Bank of the West Relationship Pricing.  The bank Relationship Pricing requires applicants to maintain a Bank of the West personal checking account with a debit card and automatic electronic mortgage payments.

All home loans in California are subject to bank approval and underwriting.  For current mortgage rates and additional loan information on Bank of the West Products, the main customers service number is 800-488- 2265 or a new loan request can be called into the bank at 800-563-1852.

Bank of the West has 700 retail bank branch locations in 19 states including California.