U.S. Bank, which is operated by U.S. Bancorp (NYSE:USB) is one of the biggest lenders in the United States.
U.S. Bank, which is operated by U.S. Bancorp (NYSE:USB) is one of the biggest lenders in the United States. The bank provides mortgage loan options for home purchase and refinancing purposes. The mortgage interest rates supplied below assume that the borrower has strong credit standing. The lender’s mortgage rates, updated for March 19, 2015, are listed below.
At this bank the long-term 30-year FRM is up for grabs at a rate of 3.875% and an annual percentage rate of 3.946% completes the package. The 15-year fixed counterpart demands 3.250% in interest, whilst the APR is set at 3.374%.
Individuals, who are seeking to invest in a new or used home and considering to secure a favorable non-conventional mortgage, should take a look at U.S. Bank’s 30-year fixed FHA loan, which is available today at a rate of 3.625%, whilst the APR is coming out at 5.179%. The shorter-term, 15-year fixed FHA mortgage may be a good choice for other borrowers, as it carries 3.250% in interest and the package features an APR of 4.316%.
Besides FHA loans, U.S. Bank also advertises other non-conforming loans, in the form of VA mortgages. The Minneapolis-based bank is offering the 30-year fixed rate VA mortgage at 3.625%. The APR is set at 3.960%, according to the lender’s data. With regards to the 15-year VA mortgage, it has an asking rate of 3.375% and the package includes an annual percentage rate of 3.971%.
Those looking to take on non-conforming loan packages, the 30-year fixed jumbo mortgage is advertised at a rate of 3.750%. The APR is published at 3.820%. The 15-year jumbo loan could also be suitable for certain mortgage shoppers, as it has 3.750% in interest cost, whilst the APR is set at 3.876%, today’s rate information revealed.
Looking at more the bank’s flexible loan offerings, the 5/1 ARM is available today at a rate of 2.875% and an APR of 3.024% completes the mortgage package. The 3/1 version of this loan may pique some interest from potential customers as it looks stable at a rate of 2.875% and has an APR of 3.040%.
U.S. financial institution, Quicken Loans is the biggest online retail mortgage provider in the United States. The lender advertises home refinance loans besides its other financial services at the following mortgage rates. At the Detroit-headquartered financial institution, the 30-year fixed home refinance mortgage loan is advertised at a rate of 3.75% and the loan is coupled with an APR variable of 3.955%. The shorter-term 15-year fixed home refinance loan is quoted at 2.99% and carries 3.387% by way of annual percentage rate.
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 2.875%. The loan is accompanied by an APR variable of 3.906%.
Looking at ARM refinance offerings, the 7/1 adjustable rate loan is quoted at 3.125%, which is coupled with an annual percentage rate of 3.296%.
More details on the lenders’ latest mortgage interest rates are available on their websites.