Affordable Mortgage Rates from Reliance Bank

Variety of Mortgage Loan Rates from Reliance Bank

Effective Date: Monday, July 13, 2020
Maximum Loan Term Interest Rate APR Payment
Per $1,0004
15-Year Servicing Released 2.750% 2.854% $6.79
20-Year Servicing Released 3.000% 3.085% $5.55
30-Year Servicing Released 3.125% 3.182% $4.28
15-Year Fixed 2.750% 2.836% $6.79
20-Year Fixed 3.000% 3.066% $5.55
30-Year Fixed 3.125% 3.172% $4.28
30-Year 7/1 Adjustable1 3.125% 3.047% $4.285
JUMBO 30-Year 7/1 Adjustable1 5.250% 3.823%9 $5.525
30-year 5/1 Adjustable2 3.990% 3.271% $4.776
25-Year 5/1 Adjustable2/8
(Investment Property Only)
4.990% 4.170% $5.366
30-Year 1/1 Adjustable3 3.990% 3.031% $4.777
30-Year Freddie Mac Home Possible10 3.125% 3.172% $4.28
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% 3.304% $4.776 How to Apply
Construction 30-Year 1/1 Adjustable3 3.990% 3.064% $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.