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  

 

OWNER OCCUPIED PROPERTIES
Purchase 1-4 Family
Loan Type Rate APR1 Monthly Payment Per $1,000 Apply Online
15 Year 6.375% 6.613% $8.64
30 Year 6.875% 7.024% $6.57

15 year term would be 180 monthly payments of $8.64 per $1,000 borrowed.

30 year term would be 360 monthly payments of $6.57 per $1,000 borrowed.

 

RATE/TERM OR CASH-OUT REFINANCE
1-4 Family
Loan Type Rate APR1 Monthly Payment Per $1,000 Apply Online
15 Year (Up to 80% LTV) 6.375% 6.607% $8.64
30 Year (Up to 80% LTV) 6.875% 7.020% $6.57

15 year term would be 180 monthly payments of $8.64 per $1,000 borrowed.

30 year term would be 360 monthly payments of $6.57 per $1,000 borrowed.

 

 


Jumbo Loan Rates

 

OWNER OCCUPIED PROPERTIES
1-4 Family
30 year maximum term
Loan Type Rate APR1 (based on 30-year term) Monthly Payment Per $1,000 Apply Online
3/6 ARM 6.625% 7.939% $6.40
5/6 ARM 6.750% 7.844% $6.49
7/6 ARM 6.875% 7.717% $6.57

 

3/6 ARM term would be 36 monthly payments of $6.40 per $1,000 borrowed. Rate may adjust every 6 months after that, with a maximum increase of 2% per year, and 5% for the life of the loan.

5/6 ARM term would be 60 monthly payments of $6.49 per $1,000 borrowed. Rate may adjust every 6 months after that, with a maximum increase of 2% per year, and 5% for the life of the loan.

7/6 ARM term would be 84 monthly payments of $6.57 per $1,000 borrowed. Rate may adjust every 6 months after that, with a maximum increase of 5% per year, and 5% 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.

1APR Information: These APRs are based on $100,000.00 loan amount, 60% Loan to Value (LTV), borrower credit score of 740+, include applicable points, $475.00 loan processing fee, $250.00 settlement fee, $11.00 life of loan flood certification, $475.00 underwriting fee and $110.00 verification of employment processing fee.

3ARM Information: ARM Index - 30-day average Secured Overnight Financing Rates (SOFR), as made available by the New York Fed. Index value of 4.940% released 03/18/2024. ARM Rates - 3/6-month ARM information shown pertains to the initial three years of the loan and adjusts every 6 months thereafter. 5/6-month ARM information shown pertains to the initial five years of the loan and adjusts every 6 months thereafter. 7/6-month ARM information shown pertains to the initial seven years of the loan and adjusts every 6 months thereafter.