Home Loan Rates
Mortgage Rates | 12-20-2024
Sign up for Rate Alerts| Product | Rate | APR* | Points | Payment* |
|---|---|---|---|---|
| 10 Year Fixed | 6.375% | 6.605% | 0.088% | $1,817.90 |
| 15 Year Fixed | 6.500% | 6.665% | 0.099% | $1,402.48 |
| 20 Year Fixed | 6.750% | 6.901% | 0.230% | $1,224.19 |
| 30 Year Fixed | 7.000% | 7.099% | 0.057% | $1,071.14 |
| Jumbo 30 Year Fixed | N/A | N/A | ||
| Jumbo 15 Year Fixed | N/A | N/A | ||
| 5/6 ARM | 6.250% | 7.101% | 0.250% | $991.30 |
| 7/6 ARM | 6.625% | 6.954% | 0.250% | $991.30 |
| 10/6 ARM | 6.750% | 7.113% | 0.250% | $1,044.24 |
| Jumbo 10/6 ARM | N/A | N/A |
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.Apply Online
*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).
- 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.
- Jumbo Mortgage payment examples are for loan amounts of $766,551, 70% Loan-to-Value, an origination fee of $1,699 and Points. Origination Fees vary based on loan amount between $250 - $1,699.
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.
100% Combo Loan (First Time Buyer) | 12-20-2024
| Product | Rate | APR* | Points | Payment* |
|---|---|---|---|---|
| Combo 10/6 ARM | 6.750% | 7.103% | 0.000% | $1,193.42 |
| 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 |
Your rate is not locked until you get confirmation from a Mortgage Loan Officer. We look forward to serving you.Apply Online
Home Equity Line of Credit | 12-20-2024
| Combined Loan-to-Value1 | Term | Annual Percentage Rate2 |
|---|---|---|
| Up to 95% | 10 Year Draw Period/15 Year Repayment Period | 7.99% - 14.24%TV |
1 Minimum $5,000 amount. Maximum CLTV subject to collateral & credit qualifications
2 Home Equity APRs listed above are for owner-occupied single family residences, are effective as of the above date, and are subject to credit and collateral approval. Home Equity Line of Credit is subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal on the 15th day of each month (Index) plus a margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of each billing cycle. The Interest Rate will never be less than 3.75% or greater than 18.00%. Closing costs (if applicable) range from $399 to $1,500, including property appraisal and title insurance, if required. Maximum Combined Loan to Value subject to collateral and credit qualifications. Property insurance required. Other rates and terms are available for Investment Property or Manufactured Home Equity Lines of Credit.
V = Variable Rates. T = Tiered Rates based on credit qualifications.
Fees: No annual fee, $399 closing fee for loan amounts less than or equal to $100,000; $399 closing fee + all third party costs including but not limited to title, notary and recording fees for loan amounts greater than $100,000. Appraisal may be required at an additional cost.
Rates and terms are effective as of the above date and are subject to change without notice.
Home Equity Loan | 12-20-2024
| Term | Rate | Minimum Loan Amount | APR* | Payment* |
|---|---|---|---|---|
| 5 Year | 6.99% - 13.49% | $5,000 | 7.32% - 13.85% | $989.82 - $1,150.23 |
| 10 Year | 7.24% - 14.74% | $10,000 | 7.42% - 14.95% | $586.75 - $798.73 |
| 15 Year | 7.49% - 14.74% | $15,000 | 7.62% - 14.90% | $463.22 - $690.91 |
| 20 Year | 7.74% - 15.99% | $25,000 | 7.85% - 16.14% | $410.17 - $695.25 |
*Annual Percentage Rates (APRs) are calculated based on a loan amount of $50,000, Combined Loan to Value (CLTV) of up to 80% and a $399 loan fee. Maximum CLTV subject to collateral and credit qualifications; tiered rates are based on credit qualifications and CLTV. Loan applications are subject to credit and property approval. Representative payments shown include only Principal and Interest. Appraisal may be required at an additional cost. Property insurance required; flood insurance may be required. Maximum loan limits apply. Other rates and terms are available for Investment Property or Manufactured Home Equity Loans.
Collateral: Single Family Residence (Primary Residence, up to 95% CLTV).
Rates and terms are effective as of the above date and are subject to change without notice.