Whether you’re purchasing a home, building a new home or want to refinance, let us take the mystery out of mortgages for you and help you find the right mortgage for your needs. Our Mortgage Experts are not paid a commission, so their focus is solely on your financing needs. We also keep the servicing of our conventional mortgages and will be there for you long after closing.
If you want the security of a fixed payment and interest rate, a fixed rate mortgage may be right for you. Your principal balance will also steadily reduce with each payment and can provide maximum deductions for tax purposes.
If you want a lower monthly principal and interest payments that’ll help stretch your monthly income, an ARM may be right for you. An ARM can also allow you to be qualified for a larger mortgage amount if you want a larger house. You’ll have the fixed rate security for up to 7 years with the protection of a built in rate cap.
The interest rates and APRs displayed below are current as of 04/23/2017 and subject to change without notice.
Because rates change frequently, your interest rate is not confirmed until you call to lock in a rate by calling 1-800-344-5626, Monday through Friday, 8:30 AM to 5:30 PM. This rate may differ from the rate shown below depending upon market fluctuations.Get a Detailed Quote
Get a detailed rate quote with monthly payments and closing costs. Monthly payments do not include amounts for taxes, insurance and flood insurance (if applicable). Your actual monthly payment obligation will be greater.
|Fixed Rate Products||Rate||APR*|
|15 Year Fixed Rate||3.125%||3.279%|
|20 Year Fixed Rate||3.500%||3.678%|
|30 Year Fixed Rate||3.875%||4.005%|
|Adjustable Rate Products||Initial Rate||Fully Indexed Rate***||APR*|
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Displayed rates are for the purchase or no cash-out refinance of single family, first lien, owner occupied residential property in Dollar Bank market areas. Rates may be adjusted to reflect underwriting risk. All applications are subject to approval under Dollar Bank's underwriting guidelines and collateral requirements. Rates above reflect a 60 day lock period for purchases and refinance transactions. Other lock periods and point combinations are available. For details, please call 1-800-344-5626. Fixed rates are based on loan amounts up to $417,000 and ARM rates up to $700,000 with a down payment of 20%.
* The annual percentage rates (APR) displayed assume a loan amount of $150,000, 20% down and 30 days prepaid interest. You will incur additional closing costs. Prepaid finance charges, which are used in the calculation of the APR, are estimated to be $2361 (these include the flood search, origination charge, discount points and closing service letter fee). The annual percentage rates (APR) does not include private mortgage insurance because the amount will vary depending upon your loan to value and other factors. Please contact us at 1-800-344-5626 to learn about how private mortgage insurance may affect your loan and other closing cost you will incur. Adjustable rate loan interest rates may increase after loan closing.
** The payments shown on the following page for adjustable rate loans include the estimated payment during the adjustable period based on the index currently in effect. The actual payments may be higher or lower depending on the index on a rate adjustment date. Rates shown are in effect for the first five or seven years only and may increase or decrease thereafter. The listed APR for the full 30-year term is based upon the current 1 Year Libor Index and margin. Rates shown are for a 30-year term, 5/1 and 7/1 non-convertible ARM and Interest Only ARM and are subject to change without notice. Loan amounts may be up to $650,000, with a loan-to-value (LTV) of 80% or less. The rates and monthly payments displayed assume a loan amount of $150,000, a 20% down payment, 30 days prepaid interest and a 60-day lock in period. No Closing Cost Refinance ARM requires auto debit from a Dollar Bank checking account and escrow. No closing costs unless an appraisal is required. If required, the appraisal will likely range between $375 and $475. No closing cost ARM limited to one refinance transaction per six month period.
*** This rate is the estimated interest rate after the fixed period based on the current index and margin. The actual interest rate may be higher when the Initial Rate expires.