Mortgage Rates Disclosure

All terms used in the rate table are defined in the following list

APR - is the annual cost of a loan to a borrowerincluding fees. Like an interest rate, the APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees such as mortgage insurance, most closing costs, discount points and loan origination fees.
Interest Rate - refers to the annual cost of a loan to a borrower and is expressed as a percentage.
Fixed - A fixed-rate mortgage means your mortgage interest rate - and your total monthly payment of principal and interest - will stay the same for the entire term of the loan. This offers you consistency that can help make it easier for you to set a budget.
Rebate - When shopping for a mortgage, lenders may offer incentives like lender credits or reverse points, which can help offset closing costs—but usually in exchange for a higher interest rate. There may also be separate tax-related rebates associated with mortgages.
Points - An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
Fees - Mortgage fees are various charges that a lender imposes in connection with a mortgage loan. These fees can be charged for services such as origination, underwriting, application, etc. They are part of the cost of obtaining a mortgage and can vary depending on the specifics of the loan.
VA (Veterans Administration) - Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. To be eligible a borrower must be a veteran and obtain a certificate of eligibility. Details on certificates of eligibility are available at va.gov.
FHA (The Federal Housing Administration) - Loans are backed by the FHA and are insured by the FHA, meaning that owners of your mortgage are protected against loss if you default. To be eligible
- FICO® score at least 580 = 3.5% down payment.
- FICO® score between 500 and 579 = 10% down payment.
- MIP (Mortgage Insurance Premium) is required.
- Debt-to-Income Ratio < 43%.
- The home must be the borrower's primary residence.
- Borrower must have steady income and proof of employment.

Your actual rate and APR may differ from the advertised rates. Chart accuracy is not guaranteed, and products may not be available in your situation. Advertised Rates, Points, APR, and Fees are based on a 20% downpayment on a $500,000 home for a borrower with an excellent credit score (740 or higher). This is not a credit decision or a commitment to lend.

Clicking the Rate or APR numbers on the table will pull up additional information regarding the loan. The number of payments shown on these pages are made monthly and include principal and interest only. Any other fees such as property tax and homeowners’ insurance are not included and could result in a higher actual monthly payment.