Home Loan Rates
02/20/2025
| Name | Rate | APR | Points | Payment | ||
|---|---|---|---|---|---|---|
| Mortgage Loans | ||||||
| 10 Year Fixed | 6.000% | 6.229% | 0.092% | $1,787.43 | ||
| 15 Year Fixed | 6.250% | 6.446% | 0.294% | $1,380.45 | ||
| 20 Year Fixed | 6.375% | 6.553% | 0.461% | $1,188.55 | ||
| 30 Year Fixed | 6.875% | 6.994% | 0.258% | $1,057.66 | ||
| 5/6 ARM | 6.250% | 7.101% | 0.250% | $991.30 | ||
| 7/6 ARM | 6.375% | 7.022% | 0.250% | $1,004.43 | ||
| 10/6 ARM | 6.500% | 6.947% | 0.250% | $1,017.63 | ||
| 100% Combo Loan (First Time Buyer!) | ||||||
| Combo 10/6 ARM | 6.500% | 6.937% | 0.000% | $1,163.01 | ||
| Combo 30 Year Fixed | 7.000% | 7.109% | 0.000% | $1,224.16 | ||
| 20 Year Fixed HELoan | 8.490% | 8.490% | 0.000% | $398.91 | ||
Mortgage Loans
10 Year Fixed
15 Year Fixed
20 Year Fixed
30 Year Fixed
5/6 ARM
7/6 ARM
10/6 ARM
100% Combo Loan (First Time Buyer!)
Combo 10/6 ARM
Combo 30 Year Fixed
20 Year Fixed HELoan
1 Mortgage Loans
This rate sheet is not a credit decision or a commitment to lend. Your rate is not locked until you get confirmation from a Mortgage Loan Officer. Loan application will be subject to credit and property approval.
Annual Percentage Rate (APR) effective as the date shown above. Sample monthly payments are based upon a single-family owner-occupied residence with a loan amount of $160,000, 70% Loan-to-Value, Origination Fee of $800, Points, and standard 3rd party charges (e.g. appraisal and title) except for Jumbo Loans (see below).
- 30 Fixed Mortgage
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All loan applications are subject to credit and property approval. Annual Percentage Rate (APR) effective 02/20/2025. On 30-year fixed rate at 6.875% with an APR of 6.994% and sample monthly payment of $1,057.66 are based upon a single-family owner-occupied residence with a loan amount of $160,000, 70% Loan-to-Value, points of 0.258%, origination fee is $800, and standard 3rd party charges (e.g. appraisal and title). Origination Fees vary based on loan amount, between $250 - $1,299. Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. Actual APRs for individual loans may differ due to market conditions, individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Maximum APR is 8.00%. Representative payments listed above do not include taxes and insurance premiums. Property and/or flood hazard insurance may be required. Actual payment obligation will be greater. Maximum loan limits may apply. Interest rates and APRs offered are subject to change without notice.
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- Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan that change can increase or decrease your monthly payment. Rate increases are limited to a maximum of 5% over the initial rate during the lifetime of the loan.
- 5/6 ARM Fixed for 60 months, adjusts no more than 1% semi-annually thereafter.
- 7/6 ARM Fixed for 84 months, adjusts no more than 1% semi-annually thereafter.
- 10/6 ARM Fixed for 120 months, adjusts no more than 1% semi-annually thereafter.
Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. Actual APRs for individual loans may differ due to market conditions, individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Maximum APR is 8.00%.
Representative payments listed above do not include taxes and insurance premiums. Property and/or flood hazard insurance may be required. Actual payment obligation will be greater.
Maximum loan limits may apply. Interest rates and APRs offered are subject to change without notice. Consult a tax adviser for information regarding the deductibility of interest and charges. Must be a member to borrow.
2 100% Combo Loan (First Time Buyer)
This rate sheet is not a credit decision or a commitment to lend. Your rate is not locked until you get confirmation from a Mortgage Loan Officer. Loan application will be subject to credit and property approval.
Available for primary residence purchases only up to 100% LTV. Applicants must meet credit and ability to repay requirements. Annual Percentage Rates (APR) effective 02/20/2025. This is an 80/20 mortgage loan. Example is based on a $230,000 purchase price. A first mortgage (30 Year Fixed) of $184,000 at 7.000% with an APR of 7.109%, has principal and interest payments of $1,224.16 for 60 months. The example APR includes an origination fee of $1,299 and 0.000% Points. Origination Fees vary based on loan amount, between $250 - $1,299. Actual APRs for individual loans may differ. Adjusts no more than 1% semi-annually after 60 months. Rate increases are limited to a maximum of 5% over the initial rate during the lifetime of the loan.
A second mortgage of $46,000 borrowed at 8.490% with an APR of 8.490% will have principal and interest payments of $398.91 for 240 months. Tax and insurance payments not included in examples. Property hazard insurance is required. 3% seller concessions allowed with 2 months PITI reserves. 0% seller concessions without 2 months reserves. No gift funds allowed towards closing costs. Escrow account required for taxes and insurance. Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. Actual APRs for individual loans may differ due to individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. Consult a tax adviser for information regarding the deductibility of interest and charges. Must be a member to borrow.