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Heartland Bank's Current Rates

Thinking of coming on over to Heartland? Maybe our rates will help you make your decision. Check below for our most current interest rates, APYs and minimums required on our accounts: Checking, Savings, Certificates of Deposit, Individual Retirement, Health Savings, Money Market Savings, and Business. We also provide rates for our Home Loans and Home Equity Lines/Loans along with Auto Loan rates.

Rates effective as of  

 

OWNER OCCUPIED PROPERTIES
Purchase 1-4 Family
Loan Type Rate APR1 Monthly Payment Per $1,000
15 Year (5% - 20% Down) 2.125% 2.317% $6.49
30 Year (5% - 20% Down) 2.500% 2.604% $3.95

 

RATE/TERM OR CASH-OUT REFINANCE
1-4 Family
Loan Type Rate APR1 Monthly Payment Per $1,000
15 Year (5% - 20% Down) 2.500% 2.694% $6.67
30 Year (5% - 20% Down) 2.875% 2.981% $4.15

 

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 3.610% 3.742% $5.86


Adjustable 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
7/1 ARM 3.125% 4.142% $4.86
10/1 ARM 3.250% 3.968% $4.76

 

ADDITIONAL PRODUCTS

Jumbo and Non-Conforming Loans available: Loans that exceed the conforming loan limits set by the FHFA.  Call for current rates at 614-552-0511.

Construction Loans: Construction-to-Permanent and Construction-to-Permanent Renovation loans with single closings.  Call for current rates at 614-552-0511

Bridge Loan: Short term loan to bridge the borrower over to permanent financing.  6.661% APR and 6.00% fixed interest rate for 12 months term - based on a $100,000.00 loan amount and credit score above 700. Balloon Payment is due at maturity.

Lot Loans:  Land loans to start the financing process.  5.592% APR and 5.50% fixed interest rate - amortized up to 15 years with a 5 year balloon - based on a $75,000 loan amount and credit score above 700.

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, $750.00 loan processing fee, $250.00 settlement fee, $11.00 life of loan flood certification, $75.00 appraisal processing 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 1.1111% released 06/23/2017. ARM Rates - 7/1 ARM Information shown pertains to the initial seven years of the loan and adjusts annually thereafter: 10/1 ARM Information shown pertains to the intial ten years of the loan and adjusts annually thereafter.

 

Home Equity Loan Rates

Term
Home Equity Loans		 Rates as Low as APR as Low as* Monthly Payment Amount
(per $1,000 borrowed)
1-60 months 4.50% 4.649% $19.06
61-120 months 4.74% 4.818% $10.71
121-180 months 5.50% 5.556% $8.35

 

*Annual Percentage Rate (APR) as of 3/17/2020.  Subject to application and credit approval. Equity Loans also subject to acceptable property appraisal and title search. Rates above are available for loan amounts over $2,000 and are subject to meeting certain underwriting criteria, such as owner occupancy and loan-to-value ratio. Your rate may also be different depending upon your credit history. Annual Percentage Rates base on $50,0000 loan amount, including a $175 Processing Fee (other fees may apply). Other rates, terms, payments and loan amounts are available. There is no prepayment charge if you pay off this loan in full or in part early. Partial prepayments will not affect your obligation to pay the regular monthly payment amount on the payment due dates following partial prepayment (as long as amounts owed) unless we agree differently in writing. All lending products are subject to application and credit approval. Home equity loans and lines also subject to acceptable appraisal and title search.

 

Home Equity Line Of Credit (HELOC) Rates

Line Amount APR as Low as*
$5,000 - $9,999 4.25%
$10,000 - $24,999 3.75%
$25,000 - $49,999 3.25%
$50,000+ 3.25%

 

*Annual Percentage Rate (APR) as of 3/17/2020. This is a variable rate that will adjust to the Prime Rate as published in the Wall Street Journal on the last day of the month, currently at 3.25%. If the Prime Rate changes, your interest rate and payment will adjust accordingly. A balloon payment may result, if applicable. Maximum interest rate is 24%. The advertised rate is available to applicants with a minimum credit score of 725 and a maximum loan to value of 80%. Your rate may also be different depending upon your credit history.  Minimum line amount is $5,000. Maximum line amount is $500,000. Loan term is ten years. Draws and payments can be made during the entire term of the loan.  Lines over $250,000 in first lien position may require title insurance. Minimum monthly payment for a HELOC is $100 or the balance owed if it’s less than $100. Monthly payment is 1% of the principal balance at the time it bills each month, so it will fluctuate month to month. There is an annual fee of $50.00 that is waived the first year, an appraisal fee of $95.00 and a doc fee of $50.00. Property insurance is required. Flood insurance may be required. 1-4 family owner occupied properties only. Property must not be currently listed for sale. Maximum debt-to-income ratio of 40%. Subject to credit approval and appraisal. Consult a tax advisor about the deductibility of interest. Other rates and terms available.

 

Interest only HELOC Rates

Interest Only Line Amount APR as Low as*
$5,000 - $9,999 4.25%
$10,000 - $24,999 3.75%
$25,000 - $49,999 3.50%
$50,000+ 3.25%

 

*Annual Percentage Rate (APR) as of 3/17/2020. This is a variable rate that will adjust to the Prime Rate as published in the Wall Street Journal on the last day of the month, currently at 3.25%. If the Prime Rate changes, your interest rate and payment will adjust accordingly. A balloon payment may result, if applicable. Maximum interest rate is 24%. The advertised rate is available to applicants with a minimum credit score of 725 and a maximum loan to value of 80%. Your rate may also be different depending upon your credit history.  Minimum line amount is $5,000. Maximum line amount is $500,000. Loan term is three years. Draws and payments can be made during the entire term of the loan.  Lines over $250,000 in first lien position may require title insurance. Minimum monthly payment for a HELOC is $100 or the balance owed if it’s less than $100. Monthly payment is the interest owed on the principal balance at the time it bills each month, so it will fluctuate month to month. There is an annual fee of $50.00 that is waived the first year, an appraisal fee of $95.00 and a doc fee of $50.00. Property insurance is required. Flood insurance may be required. 1-4 family owner occupied properties only. Property must not be currently listed for sale. Maximum debt-to-income ratio of 40%. Subject to credit approval and appraisal. Consult a tax advisor about the deductibility of interest. Other rates and terms available.