Home Rates

Home Loan Rates

Fixed-Rate Mortgages

Fixed-Rate Mortgage – Conforming (up to $726,200)1,2

ProductRate as low asDiscount PointsAPR as low asPayment per $1000
15 Year5.500%05.500$8.17
30 Year5.875%05.875$5.92
30 Year VA5.625%05.653$5.76
30 Year FHA5.625%05.653$5.76

Fixed Rate Mortgage – Non-Owner Occupied4

Fixed Rate Mortgage – High Balance (up to $948,750)2

ProductRate as low asDiscount PointsAPR as low asPayment per $1000
15 Year6.875%.507.165$8.92
30 Year6.875%.507.150$6.57

Fixed Rate Mortgage – Jumbo (up to $4,000,000)

ProductRate as low asDiscount PointsAPR as low asPayment per $1000
15 Year6.250%.06.275$8.57
30 Year6.250%.06.265$6.16

Home Equity Loans – Fixed Rate 2nd3

Adjustable Rate Mortgages (ARM) 5

Conforming/No Closing Costs 5/1 ARM (up to $726,200)

ProductRateAPRPointsMarginIndexCaps EstPayment per $1000
5/6M5.875%7.560%.002.75%5.347%2/1/5$5.92
7/6M6.000%7.390%.002.75%5.347%5/1/5$6.00

High Balance/No Closing Costs 5/1 ARM (up to $948,750)

ProductRateAPRPointsMarginIndexCaps EstPayment per $1000
5/6M6.875%7.868%.502.75%5.347%2/1/5$6.57
7/6M6.875%7.750%.502.75%5.347% 5/1/5$6.57

Jumbo (up to $4,000,000)

ProductRateAPRPointsMarginIndexCaps EstPayment per $1000
5/6M6.250%7.644%.02.75%5.347%2/1/5$6.16
7/6M6.250%7.465%.02.75%5.347%5/1/5$6.16

Conforming (up to $726,200)6

ProductRateAPRPointsMarginIndexCaps EstPayment per $1000
5/56.875%6.516%.02.75%3.730%5/2/5$6.57

Jumbo (up to $2,000,000)

ProductRate APRPoints MarginIndexCaps EstPayment per $1000
5/56.250%6.436%.02.75%3.730%5/2/5$6.16

Home Equity Line of Credit7 – 2.99% 12-Month Intro Rate!

CLTVPrimePointsRateAPR*Payment per $1000
CLTV < 70%Prime + .500 pts8.25%8.25%$9.70
CLTV 70.01%-80%Prime + .750 pts8.50%8.50%$9.85
CLTV 80.01%-90%Prime + 1.500 pts9.25%9.25%$10.29
  1. FIXED RATE rates and APRs based on an owner-occupied, single-family home, a loan amount of $766,550
    (conforming) or $954,500 (high balance), a maximum LTV of 95% on purchases and 95% on refinances, a
    credit score above 620, 1.000 points paid and approximate pre-paid finance charges of $2,417. A no lender cost
    option available.
  2. For FIXED RATE non-owner-occupied property maximum LTV 70%. Not all products are available for non-owner occupied properties.
  3. Rates and APRs based on an owner-occupied, single-family home, a loan amount of $50,000, a maximum LTV of
    80%, credit score above 620 and approximate pre-paid finance charges of $1800.
  4. Rate and APR based on conforming loan amount and 70% LTV.

Rates are subject to change without notice. These mortgage rates apply only with certain conditions. Your rate depends on several factors including market conditions, property type, loan purpose, credit score, debt ratio and loan-to-value. The displayed annual percentage rates (APRs) include total points and prepaid finance charges but do not include other closing costs. Loans over 80% LTV require private mortgage insurance.

Rates are not automatically locked in at time of application. Loan rate locks can be requested in writing after your loan has been pre-approved by OceanAir.

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