The benchmark 30 year fixed rate mortgage loans are published at a rate of 4.500% in the bank’s books and come along with an annual percentage rate of 4.673% on 13 November, 2013. For those in need of a short term home loan, the bank provides 15 year fixed rate mortgage schemes at a rate of 3.500% and an APR yield of 3.811%. The relatively shorter, 10 year fixed rate mortgage is also listed in the bank’s portfolio and are available at a rate of 3.375% and an APR yield of 3.823%.
The borrowers who are looking for something bigger than the conventional loans, the bank offers 30 year Jumbo FRM plans at a rate of 4.625% and a higher APR yield of 4.777% as against the non-Jumbo loan schemes. The bank also provides 15 year Jumbo FRMs at an interest rate of 3.750%, which yield an APR of 4.846%.
US Bank Corp also provides the FHA (Federal Housing Administration) versions of the fixed rate mortgages for those who cannot afford to pay heavy down payments or have a bad credit history. The 30 year FHA fixed rate mortgage plans are available at a rate of 4.375% and come with an APR yield of 4.879%. 15 year FHA FRMs are also available with the US Bank at an interest charge of 4.000% and an APR yield of 4.846%.
The unique VA versions of 30 year Fixed rate mortgage are also listed in the bank’s loan portfolio at a rate of 4.500% and provide an APR yield of 4.846%. The American lender also lists the 15 year variant of the VA fixed rate mortgage at a rate of 4.00%, which is accompanied by an annual percentage yield of 4.721%.
Last, but not the least, the bank’s loan portfolio is incomplete without the adjustable rate mortgage plans. The bank provides 3 year ARM loans at an interest rate of 2.250% today, which carries an APR yield of 3.261%. The 5 year adjustable rate mortgage plans are also listed in the bank’s books at an unchanged rate of 2.625% and an APR yield of 3.250%.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.
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