Mortgage Rates

Heartland’s Current Mortgage Rates

You may be considering a home loan of some sort, but you’re just not there yet with your financing decision. If rates are your hold-up, our rates speak for themselves – but what they won’t reflect is our customer service commitment and quick, easy loan process.

Enjoy a combination of great rates, personal service and a fast turn-around time with your Heartland Bank experience and even better, the realization of your dream of home ownership. Review our rates chart and know that we are here for you when you are ready – quality information to guide your decision is our goal!

To speak with a Heartland Mortgage Banker, click here or visit any one of our local branches.

Rates effective as of  

Fixed Rates

 

OWNER OCCUPIED PROPERTIES
Purchase 1-4 Family
Loan Type Rate APR1 Monthly Payment Per $1,000
15 Year (5% - 20% Down) 2.125% 2.330% $6.49
30 Year (5% - 20% Down) 2.625% 2.737% $4.02

15 year term would be 180 monthly payments of $6.49 per $1,000 borrowed.

30 year term would be 360 monthly payments of $4.02 per $1,000 borrowed.

 

RATE/TERM OR CASH-OUT REFINANCE
1-4 Family
Loan Type Rate APR1 Monthly Payment Per $1,000
15 Year (Up to 80% LTV) 2.500% 2.705% $6.67
30 Year (Up to 80% LTV) 2.875% 2.987% $4.15

15 year term would be 180 monthly payments of $6.67 per $1,000 borrowed.

30 year term would be 360 monthly payments of $4.15 per $1,000 borrowed.

 

SIMPLE HOME REFI
Owner Occupied Properties Flat origination fee of $350, 80% maximum LTV
Description Rate APR2 Monthly Payment Per $1,000
10 Year 3.000% 3.244% $9.66
15 Year 3.500% 3.670% $7.15
20 Year 3.540% 3.672% $5.82

10 year term would be 120 monthly payments of $9.66 per $1,000 borrowed.

15 year term would be 180 monthly payments of $7.15 per $1,000 borrowed.

20 year term would be 240 monthly payments of $5.82 per $1,000 borrowed.

 


Jumbo Loan Rates

OWNER OCCUPIED PROPERTIES
1-4 Family
30 year maximum term. Caps: 2% per change, 6% lifetime3
Loan Type Rate APR1 (based on 30-year term) Monthly Payment Per $1,000
5/1 ARM 3.000% 3.270% $4.86
10/1 ARM 3.250% 3.357% $4.76
15/1 ARM 3.375% 3.483% $4.76

5/1 ARM term would be 84 monthly payments of $4.86 per $1,000 borrowed. Rate may adjust annually after that, with a maximum increase of 2% per year, and 6% for the life of the loan.

10/1 ARM term would be 120 monthly payments of $4.76 per $1,000 borrowed. Rate may adjust annually after that, with a maximum increase of 2% per year, and 6% for the life of the loan.

15/1 ARM term would be 180 monthly payments of $4.76 per $1,000 borrowed. Rate may adjust annually after that, with a maximum increase of 2% per year, and 6% for the life of the loan.

 

ADDITIONAL PRODUCTS

Construction Loans: Construction-to-Permanent and Construction-to-Permanent Renovation loans with single closings.  Call for current rates at 614-490-7214

ADDITIONAL INFORMATION FOR ALL HOME LOAN PRODUCTS

All lending products are subject to review and approval.

Payments - Payments do not include amount for property taxes and insurance premiums. The actual payment amount will be greater.

Insurance - Must be carried on the real property securing the loan.

Rates are subject to change at any time.  Rates, terms and conditions may vary based on creditworthiness, qualifications, and collateral conditions. You may call 614-552-0511 or 800-697-0049 for current rates.

1Annual Percentage Rate (APR) Calculations: These APRs are based on $100,000.00 loan amount, 80% Loan to Value (LTV), include applicable points, $450.00 loan processing fee, $250.00 settlement fee, $11.00 life of loan flood certification, $450 underwriting fee and $100 verification of employment processing fee.

2Annual Percentage Rate (APR) Calculations: These APRs are based on $85,000.00 loan amount, 80% Loan to Value (LTV). Flat origination fee of $350.00 is charged.

3ARM Information: ARM Index - Weekly average yield on United States Treasury securities adjusted to a constant maturity of one year, as made available by the Federal Reserve Board. Index value of 0.10% released 01/11/2021. ARM Rates - 5/1 ARM Information shown pertains to the initial five years of the loan and adjusts annually thereafter: 10/1 ARM Information shown pertains to the initial ten years of the loan and adjusts annually thereafter.15/1 ARM Information shown pertains to the initial fifteen years of the loan and adjusts annually thereafter.