HOME > Rate Center > Home Loans

Rate Center

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	Apply Online
15 Year	6.500%	6.733%	$8.71	Apply Now
30 Year	6.875%	7.020%	$6.57	Apply Now

15 year term would be 180 monthly payments of $8.71 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)	6.500%	6.739%	$8.71	Apply Now
30 Year (Up to 80% LTV)	6.875%	7.024%	$6.57	Apply Now

15 year term would be 180 monthly payments of $8.71 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	7.250%	8.382%	$6.82	Apply Now
5/6 ARM	7.375%	8.234%	$6.90	Apply Now
7/6 ARM	7.500%	7.976%	$6.99	Apply Now

3/6 ARM term would be 36 monthly payments of $6.82 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 $6.90 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 $6.99 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, $450.00 loan processing fee, $250.00 settlement fee, $11.00 life of loan flood certification, $450 underwriting fee and $110 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 5.260% released 12/04/2023. 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.

Home Equity Loan Rates

Term Home Equity Loans	Rates as Low as	APR as Low as*	Monthly Payment Amount (per $1,000 borrowed)	Apply Online
1-60 months	6.750%	7.065	$19.68	Apply Now
61-120 months	7.000%	7.170%	$11.61	Apply Now
121-180 months	7.750%	7.874%	$9.41	Apply Now

^*Annual Percentage Rate (APR) as of December 08, 2023. 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 $599 closing cost (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. Terms of repayment vary based on length of term: 1-60 monthly payments of $19.68 per $1,000 borrowed; 61-120 monthly payments of $11.61 per $1,000 borrowed; 121-180 monthly payments of $9.41 per $1,000 borrowed.

Home Equity Line Of Credit (HELOC) Rates

Line Amount	APR as Low as^*	Apply Online
$5,000 - $9,999	9.50%	Apply Now
$10,000 - $24,999	9.00%	Apply Now
$25,000 - $49,999	8.50%	Apply Now
$50,000+	8.50%	Apply Now

^{*Annual Percentage Rate (APR) as of December 08, 2023. 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 8.50%. 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 $10,000. 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 $150.00 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 45%. 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^*	Apply Online
$5,000 - $9,999	9.50%	Apply Now
$10,000 - $24,999	8.50%	Apply Now
$25,000 - $49,999	8.50%	Apply Now
$50,000+	8.50%	Apply Now

^{*Annual Percentage Rate (APR) as of December 08, 2023. 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 8.50%. 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 $10,000. 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 $150.00 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 45%. Subject to credit approval and appraisal. Consult a tax advisor about the deductibility of interest. Other rates and terms available.}

HELOC Payment Example - A credit advance of $10,000 at an annual percentage rate of 8.500% on an interest-only HELOC would take 3 years to pay off, with no other credit advances made during that period. During that period, you would make 35 monthly payments ranging from $65.21 to $72.19 and one final payment of $10,072.19.