U.S. Bank (NYSE:USB) is a top mortgage lender, which is headquartered in Minneapolis and it provides loan options for home purchase and refinancing purposes.
U.S. Bank (NYSE:USB) is a top mortgage lender, which is headquartered in Minneapolis and it provides loan options for home purchase and refinancing purposes. The mortgage rates supplied below assume that the borrower has strong credit standing. The bank’s latest mortgage interest rates are updated for November 4, 2014.
As far as the bank’s long-term fixed home purchase loans are concerned, the 30-year FRM is offered at a rate of 4.125% and carries an annual percentage rate of 4.197% on Tuesday. The shorter-term, 15-year fixed conventional home loan is up for grabs at 3.500% and an APR variable of 3.625% completes the package.
Federal Housing Administration (FHA)-backed loan solutions can also be found at this financial institution. Currently, the 30-year fixed FHA mortgage is offered at 3.875%. The loan comes with an APR figure of 5.432%.
Looking at VA mortgages, the 30-year fixed VA loan looks stable at a rate of 3.875%. This type of mortgage comes with an APR variable of 4.215%.
As far as non-conforming loans are concerned, U.S. Bank is offering the 30-year fixed jumbo mortgage at a rate of 4.250%. The corresponding APR is set at 4.323%. The shorter, 15-year jumbo loan is available at a rate of 4.000% and has an APR of 4.127%, the latest mortgage information showed.
Under the lender’s loan program, the 5-year adjustable rate home mortgage is advertised at a rate of 3.000% and an APR of 2.986% completes the deal. The 3-year ARM alternative can be obtained at a rate of 2.875%, whilst the APR is 2.942%.
U.S. lender, Quicken Loans is the largest online retail mortgage provider in the United States. The company provides home refinance loans for qualified borrowers customers, among its other financial services.
At Quicken Loans, the 30-year fixed home refinance mortgage has an opening rate of at 4.05% and carries an APR of 4.291%. The shorter-term 15-year fixed home refinance loan is offered at 3.25% and it comes with an APR figure of 3.669%. FHA-backed loan solutions are also available at this lender. Quicken Loans’ 15-year fixed FHA mortgage is up for grabs at a rate of 2.99%. The loan is accompanied by an APR variable of 3.985%.
The mortgage lender advertises the 7/1 ARM home refinance loan at 3.375%, which feature an APR variable of 3.278%.
For more details on U.S. Bank’s and Quicken Loans’ mortgage interest rates, please check the lenders’ websites or contact the loan officers in charge.