Variety of Mortgage Loan Rates from Reliance Bank
Effective Date: Wednesday, April 8, 2020| Maximum Loan Term | Interest Rate | APR | Payment Per $1,0004 |
|---|---|---|---|
| 15-Year Servicing Released | 3.000% | 3.110% | $6.91 |
| 20-Year Servicing Released | 3.375% | 3.446% | $4.94 |
| 30-Year Servicing Released | 3.500% | 3.562% | $4.49 |
| 15-Year Fixed | 3.000% | 3.086% | $6.91 |
| 20-Year Fixed | 3.375% | 3.431% | $4.94 |
| 30-Year Fixed | 3.500% | 3.548% | $4.49 |
| 30-Year 7/1 Adjustable1 | 3.125% | 3.061% | $4.285 |
| JUMBO 30-Year 7/1 Adjustable1 | 5.250% | 4.605%9 | $5.525 |
| 30-year 5/1 Adjustable2 | 3.990% | 4.021% | $4.776 |
| 25-Year 5/1 Adjustable2/8 (Investment Property Only) | 4.990% | 4.887% | $5.366 |
| 30-Year 1/1 Adjustable3 | 3.990% | 4.012% | $4.777 |
| 30-Year Freddie Mac Home Possible10 | 3.500% | 3.548% | $4.49 |
| Maximum Loan Term | Interest Rate | APR | Payment Per $1,0004 | |
|---|---|---|---|---|
| 15-Year Fixed Portfolio Mortgage | 5.250% | 5.342% | $8.04 | How to Apply |
| Construction 30-Year 5/1 Adjustable2 | 3.990% | 4.056% | $4.776 | How to Apply |
| Construction 30-Year 1/1 Adjustable3 | 3.990% | 4.047% | $4.777 | How to Apply |
1 Interest Rate is variable and may increase after the first seven years.
2 Interest Rate is variable and may increase after the first five years.
3 Interest Rate is variable and may increase after the first year.
4 Monthly payments shown do not include taxes and insurance – actual payment obligation will be greater.
5 Monthly payments shown for first 7 years – payments may increase beginning in year 8.
6 Monthly payments shown for first 5 years – payments may increase beginning in year 6.
7 Monthly payments shown for first year – payments may increase beginning in year 2.
8 Loan must be secured by a non-owner occupied investment property.
9 Based on a loan amount of $510,400.
10 Income restrictions apply; contact a Personal Banker for complete details.
Annual Percentage Rates (APRs) shown above are based upon a loan amount of $180,000. The actual APR will vary based upon the final loan amount, loan term, Loan-to-Value, applicant’s credit worthiness and total finance charges.
Special rules and restrictions apply.
Credit subject to approval. Please contact one of our Personal Bankers for additional rates and programs.