Residential Conventional Mortgage Rates -Up to $806,500
| Effective 8/14/2025 | no | |||||
|---|---|---|---|---|---|---|
| 30 Year Fixed | ||||||
| 20 Year Fixed | ||||||
| 15 Year Fixed | ||||||
| 7/6 ARM | ||||||
| 10/6 ARM |
Residential FIXED RATE JUMBO LOANS - over $806,500 up to $1,500,000.00
| 30 Year Fixed | ||||||
| 20 Year Fixed | ||||||
| 15 Year Fixed |
Rates and terms described are for owner-occupied properties only. Low down payment programs are also available. Rates are subject to change without notice. Variable and Adjustable rates may increase during the term of the loan. When the initial fixed interest rate expires, the interest rate will change to an adjustable interest rate on the change date. The adjustable interest rate may change on the change date and every 6th month thereafter. The rate will be calculated based on an index, which is the 30-day average SOFR index rate, as made available by the Federal Reserve Board of New York. The most recent index figure available as of the date 45 days before each change date will be used. This will be called the current index. Before each change date, the new interest rate will be calculated by adding the margin, which is 3.000%, to the current index, resulting in the fully indexed rate. The fully indexed rate is rounded to the nearest one-eighth of one percentage point. The fully indexed rate is 7.375%.
All mortgages with less than 20% down payment may require PMI (Private Mortgage Insurance). The rate and point structure will be the same as mortgages with a 20% down payment.
Interest rates are subject to credit and property approval based upon secondary market guidelines. Interest rates and APRs may vary depending on loan details, such as points, loan amount, your credit and property occupancy. The rates shown are available to borrowers with a satisfactory credit history. Your rate may vary based upon your credit history and other loan details. All information provided assumes an owner-occupied purchase mortgage loan in the amount of $100,000 with 25% down and credit score >/= 780.
Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater.
Home Equity Loan Rates Last Updated: June 11, 2025
| Effective 6/11/2025 | ||||
|---|---|---|---|---|
| Loan Type | Interest Rate** | APR | Property Type | Maximum Loan Amount |
| 5 year fixed Home Equity Loan | no | no | no | no |
| 1st lien | 6.750% | 6.771% | 1-4 Family | $500,000 |
| 2nd lien | 7.250% | 7.280% | 1-4 Family | $350,000 |
| 10 yr Fixed Home Equity Loan | no | no | no | no |
| 1st lien | 7.000% | 7.011% | 1-4 Family | $500,000 |
| 2nd lien | 7.375% | 7.391% | 1-4 Family | $350,000 |
| 15 yr Fixed Home Equity Loan | no | no | no | no |
| 1st lien | 7.250% | 7.258% | 1-4 Family | $500,000 |
| 2nd lien | 7.875% | 7.887% | 1-4 Family | $350,000 |
| 20 yr Fixed Home Equity Loan | no | no | no | no |
| 1st lien | 7.500% | 7.507% | 1-4 Family | $500,000 |
| 2nd lien | 8.000% | 8.010% | 1-4 Family | $350,000 |
Notations for Interest Rates on Home Equity Loans
** Interest rate discount is available. If monthly loan payments will be deducted from qualified NVE checking account, which maintains $2,500.00 monthly collected balance, the interest rate will be 0.50% lower resulting in a lower APR (Annual Percentage Rate).
Loan to Value Limitations & Other Notations for Home Equity Loans Accounts
75% of the appraised value of the combined 1st & 2nd loan amounts up to $500,000.
65% of the appraised value of the combined 1st & 2nd loan amounts of $500,001 to $750,000.
Non-NVE 1st lien mortgage balance cannot exceed $500,000.
Combined 1st and 2nd lien mortgage balances cannot exceed $750,000.
Fees:
Application Fee of $250 and Mortgage Recording Fee of up to $115.
Home Equity Line of Credit Rates Last Updated: June 11, 2025
| Effective 6/11/2025 | ||||||
|---|---|---|---|---|---|---|
| HELOC Program | Draw Period | Repayment Term | Total Term | ARM | Floor | Repayment Terms |
| 1 year / 20 year | 1 year | 20 years | 21 years | 7.50% fixed during draw period then Prime floating monthly during repayment | 7.50% during repayment period | Interest only payments during the draw period will be equal to the amount of accrued finance charges on the last day of the billing cycle. Principal plus Interest payments during the repayment period will be equal to the accrued finance charge on the last day of the billing cycle plus .417% of the principal balance outstanding on the last day of the draw period. A minimum principal payment of $50.00 will be required. |
| 5 year / 20 year | 5 years | 20 years | 25 years | Prime floating monthly (currently 7.50%) | 7.50% | Interest only payments during the draw period will be equal to the amount of accrued finance charges on the last day of the billing cycle. Principal plus Interest payments during the repayment period will be equal to the accrued finance charge on the last day of the billing cycle plus .417% of the principal balance outstanding on the last day of the draw period. A minimum principal payment of $50.00 will be required. |
Loan to Value Limitations & Other Notations for Home Equity Lines of Credit Accounts:
The Annual Percentage Rate (APR) for the 1 Yr Draw HELOC is fixed at 7.50% for the draw period.
The APR for the 5 Yr Draw HELOC is the Prime Rate (based on WSJ) currently 7.50%; Floor 7.50%, ceiling 15.000% for both products; During the draw periods, payments are interest only for both products and both 20 yr repayment.
The minimum credit advance that borrower can receive is $1,000.
Maximum lifetime APR 15.000%
75% of the appraised value of the combined 1st & 2nd loan amounts up to $500,000.
65% of the appraised value of the combined 1st & 2nd loan amounts of $500,001 to $750,000.
Non-NVE 1st lien mortgage balance cannot exceed $500,000
Combined 1st and 2nd lien mortgage balances cannot exceed $750,000
Fees:
Application Fee of $350 and Mortgage Recording Fee of up to $115.
