Mortgage rates
Here is a sample of the many products we have to offer. Our loan specialists can help you decide which product is right for you. Call us toll-free at 1 (866) 471-BANK (2265) to get personalized rates based on your credit profile.
For more information or to apply, call toll-free 1 (866) 471-BANK (2265).
1Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. The Annual Percentage Rate (APR) calculation is based on a loan amount of $250,000.00 for the purchase of a single family primary residence in Florida with 80% Loan-to-Value (LTV) and a 45-day lock. The APR shown for ARMs may be increased or decreased after consummation.
The Jumbo APR and Monthly Payment calculation is based on a loan amount of $500,000.00 for the purchase of a single family primary residence in Florida, with 80% Loan-to-Value (LTV) and a 45-day lock.
The interest rates, APRs, points, and rebates shown are subject to change without notice. The fees listed above are only estimates and may change. A final itemization of fees will be provided at closing. Your APR will vary based on your final loan amount and finance charges. All rate quotes are based on the assumption of a 45-day lock on a single family primary residence with establishing an escrow account for taxes and homeowner's insurance. Your final rate will depend upon your unique credit history and the type of loan you are trying to qualify for. In order for you to receive a final rate and closing cost quote, an application must be submitted and a loan specialist will call you with your final decision. The $250 application fee collected from you at the time of application will be applied toward the total closing costs associated with your loan. Please be reminded that this fee is nonrefundable, unless your loan is denied.
2The monthly payment amount shown includes principal and interest. Your actual monthly payment will be higher if mortgage insurance and/or an escrow/impound account is established or required.
3The initial monthly payment amount shown includes interest only. Your actual monthly payment will be higher if mortgage insurance and/or an escrow/impound account is established or required.
4Special information for all adjustable rate mortgages (ARMs): The APR, interest rate, and principal and interest payment are subject to increase after consummation. Please refer to the following examples of a 30-year ARM loan:
1-Year ARM
For example, on a $10,000, 30-year loan with an initial interest rate of 5.75% (this is an initial interest rate that was in
effect in January, 2009), the maximum amount the interest rate under this program can increase is 6 percentage points to 11.75%.
The Monthly Payment can rise from an initial payment of $58.36 to a maximum of $99.27 in the fourth year.
To determine how much your monthly payment would be under the same scenario, divide your mortgage amount by $10,000; then
multiply the quotient by the monthly payment amount. For example, for a $100,000 loan made under the conditions described
above, the initial payment would be $583.60 ($100,000 / $10,000 = $10; $10 x $58.36). The maximum payment amount would
be $992.70 ($100,000 / $10,000 = $10; $10 x $99.27). This example is provided for illustrative purposes only. Your
individual experience may vary.
3-Year ARM
Interest-Only Option: For example, on a $10,000, 30-year loan with an initial interest rate of 6.00% (this is an initial
interest rate that was in effect in January, 2009), the maximum amount the interest rate under this program can increase is 6
percentage points to 12.00%. The Monthly Payment can rise from an initial payment of $50.00 to a maximum of $110.11 in the
eleventh year.
To determine how much your monthly payment would be under the same scenario, divide your mortgage amount by $10,000; then
multiply the quotient by the monthly payment amount. For example, for a $100,000 loan made under the conditions described
above, the initial payment would be $500.00 ($100,000 / $10,000 = $10; $10 x $50.00). The maximum payment amount would
be $1,101.10 ($100,000 / $10,000 = $10; $10 x $110.11). This example is provided for illustrative purposes only. Your
individual experience may vary.
Fully Amortizing Option: For example, on a $10,000, 30-year loan with an initial interest rate of 6.00% (this is an initial
interest rate that was in effect in January, 2009), the maximum amount the interest rate under this program can increase is 6
percentage points to 12.00%. The Monthly Payment can rise from an initial payment of $59.96 to a maximum of $99.25 in the
sixth year.
To determine how much your monthly payment would be under the same scenario, divide your mortgage amount by $10,000; then multiply the quotient by the monthly payment amount. For example, for a $100,000 loan made under the conditions described above, the initial payment would be $599.60 ($100,000 / $10,000 = $10; $10 x $59.96). The maximum payment amount would be $992.50 ($100,000 / $10,000 = $10; $10 x $99.25). This example is provided for illustrative purposes only. Your individual experience may vary.
5-Year ARM
Interest-Only Option: For example, on a $10,000, 30-year loan with an initial interest rate of 6.250% (this is an initial
interest rate that was in effect in January, 2009), the maximum amount the interest rate under this program can increase is 5
percentage points to 11.250%. The Monthly Payment can rise from an initial payment of $52.08 to a maximum of $104.93 in
the eleventh year.
To determine how much your monthly payment would be under the same scenario, divide your mortgage amount by $10,000; then
multiply the quotient by the monthly payment amount. For example, for a $100,000 loan made under the conditions described
above, the initial payment would be $520.80 ($100,000 / $10,000 = $10; $10 x $52.08). The maximum payment amount would
be $1,049.30 ($100,000 / $10,000 = $10; $10 x $104.93). This example is provided for illustrative purposes only. Your
individual experience may vary.
Fully Amortizing Option: For example, on a $10,000, 30-year loan with an initial interest rate of 6.250% (this is an
initial interest rate that was in effect in January, 2009), the maximum amount the interest rate under this program can
increase is 5 percentage points to 11.250%. The Monthly Payment can rise from an initial payment of $61.57 to a maximum
of $93.18 in the sixth year.
To determine how much your monthly payment would be under the same scenario, divide your mortgage amount by $10,000; then multiply the quotient by the monthly payment amount. For example, for a $100,000 loan made under the conditions described above, the initial payment would be $615.70 ($100,000 / $10,000 = $10; $10 x $61.57). The maximum payment amount would be $931.80 ($100,000 / $10,000 = $10; $10 x $93.18). This example is provided for illustrative purposes only. Your individual experience may vary.
