Conventional Fixed Rate Mortgage Rates

Rates effective as of October 1, 2016.

Conventional Fixed Rate Mortgage

Conventional Fixed Rate MortgageRatesPointsAPR
30 Year 3.375% 0.25 3.418%
30 Year 3.250% 0.5 3.312%
30 Year 3.125% 1 3.227%
25 Year Bi-Weekly 3.000% 0 3.020%
20 Year 3.000% 0 3.031%
20 Year 2.875% 0.5 2.962%
20 Year 2.750% 1 2.892%
15 Year 2.625% 0 2.665%
15 Year 2.500% 0.5 2.612%
15 Year 2.375% 1 2.558%
10 Year 2.500% 0 2.559%
10 Year 2.375% 0.5 2.538%
10 Year 2.250% 1 2.517%
7 Year 2.250% 0 2.332%

HomeReady MortgageRatePointsAPR
30 Year 3.750% 0.0 3.773%

The Annual Percentage Rate (APR) and Monthly Payment calculation is current as of September 1, 2016 and is based on loan amount of $165,000.00 with $41,250.00 down payment with .25 points. Interest rates are subject to change at any time without notice due to market conditions or borrower eligibility. The rates shown are based on rates for well-qualified applicants. Individual rates may vary. Monthly payment does not include property taxes or homeowners insurance. Your actual monthly payment may be greater. Mortgage insurance is required if the loan to value exceeds 80%. Homeowners insurance and flood insurance, if applicable, are required. Interest rates are subject to credit and property appraisal based on secondary market underwriting requirements. An appraisal will be required. Contact a Mortgage Loan Originator at 315-484-2205 for further details.

Minimum loan amount: $25,000

Maximum conforming loan amount: $417,000

For Jumbo loans (over $417,000), add 0.50% to conventional rates

Rates subject to change without notice

All loans subject to secondary market underwriting requirements

Contact Solvay Bank Mortgage Department for further details at 315-484-2205.