Mortgage Loans (Purchase)
Rates, terms and fees as of September 13, 2024 are subject to change without notice
| Loan Type |
Rate |
APR1 |
| FIXED RATE MORTGAGES |
|
|
| 30-Year Fixed Rate -MN AZ FL* |
5.625% |
5.747% |
| 30-Year Fixed Rate HomeReady |
5.500% |
5.612% |
| 20-Year Fixed Rate |
5.375% |
5.507% |
| 15-Year Fixed Rate |
4.875% |
5.094% |
| 10-Year Fixed Rate |
4.625% |
4.976% |
| 30-Year Fixed Rate -WI** |
5.625% |
5.761% |
| FHA 30 Year Fixed |
5.250% |
5.384% |
| ADJUSTABLE RATE MORTGAGES^ |
|
|
| 5/1 Conforming |
5.125% |
5.677% |
| 7/1 Conforming |
5.375% |
5.779% |
Mortgage Loans (Refinance)
Rates, terms and fees as of September 13, 2024 are subject to change without notice
| Loan Type |
Rate |
APR1 |
| FIXED RATE MORTGAGES |
|
|
| 30-Year Fixed Rate |
5.875% |
6.001% |
| 30-Year Fixed Rate HomeReady |
5.500% |
5.612% |
| 20-Year Fixed Rate |
5.375% |
5.547% |
| 15-Year Fixed Rate |
5.000% |
5.236% |
| 10-Year Fixed Rate |
4.875% |
5.173% |
| FHA 30 Year Fixed |
5.250% |
5.384% |
| ADJUSTABLE RATE MORTGAGES^ |
|
|
| 5/1 Conforming |
5.375% |
5.936% |
| 7/1 Conforming |
5.625% |
6.042% |
Minnesota Florida Arizona
*Example loan amount of $250,000, 25% down payment, with a 30-day rate lock period and one discount point. Rates are based on the purchase of a single family, primary residence, a qualifying credit score of 780, and assumes the loan will have an escrow account.
Wisconsin
**Example loan amount of $200,000, 25% down payment, with a 30-day rate lock period and one discount point. Rates are based on the purchase of a single family, primary residence, a qualifying credit score of 780, and assumes the loan will have an escrow account.
General Disclosures
1APR = Annual Percentage Rate.
The displayed APR for the loan products shown reflects the interest rate and approximate cost of prepaid finance charges, including one discount point and other closing costs. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs. Your rate and APR may differ depending on your credit history, property value, loan amount and other factors. TruStone membership required.
Loan payment examples:
A $250,000 loan for 30 years at 6.125% interest and 6.278% APR will have a monthly principal and interest payment of $1,519.03.
A $250,000 loan for 20 years at 5.75% interest and 5.951% APR will have a monthly principal and interest payment of $1,755.21.
A $250,000 loan for 15 years at 5.50% interest and 5.751% APR will have a monthly principal and interest payment of $2,042.71.
A $250,000 loan for 10 years at 5.625% interest and 5.983% APR will have a monthly principal and interest payment of $2,385.28.
If the down payment or equity is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. The monthly payment amount does not include homeowner’s insurance, flood insurance (if applicable), or property taxes; therefore, the actual payment obligation will be greater.
^5/1 Adjustable-Rate Mortgage: Rate assumes a 30-year term and is variable based on the 1-year Constant Maturity Treasury rate plus a margin with an initial five-year fixed interest rate period, followed by a rate that adjusts on an annual basis. Maximum rate adjustment per year is 2% with a life-of-loan maximum of 6%. The interest rate, APR, and monthly payments may increase after the initial fixed interest rate period. Amortized loan terms available up to 30 years.
^7/1 Adjustable-Rate Mortgage: Rate assumes a 30-year term and is variable based on the 1-year Constant Maturity Treasury rate plus a margin with an initial seven-year fixed interest rate period, followed by a rate that adjusts on an annual basis. Maximum rate adjustment per year after the initial of 5%, is 2% with a life-of-loan maximum of 5%. The interest rate, APR, and monthly payments may increase after the initial fixed interest rate period. Amortized loan terms available up to 30 years.