Mortgage Rates

Current Rates

Loan Type Rate APR Points
Conventional 30 Year Fixed1
4.250 % 4.356 % 0
Conventional 30 Year Fixed +1pt1
4.000 % 4.275 % 1
Conventional 15 Year Fixed2
3.875 % 4.058 % 0
Conventional 15 Year Fixed +1pt2
3.500 % 3.979 % 1
FHA 30 Year Fixed1
4.000 % 4.956 % 0
FHA 30 Year Fixed +1pt1
3.750 % 5.027 % 1
USDA/Rural Housing 30 Year Fixed Rate1
4.000 % 4.545 % 0
VA 30 Year Fixed1
4.000 % 4.228 % 0
VA 30 Year Fixed +1pt1
3.750 % 4.142 % 1
10/1 ARM3 3.990 % 4.521 % 0
Jumbo 10/1 ARM4 3.99 % 4.46 % 0
Home Equity Loan5 4.750 % 5.801 % 0
Construction Only Loans6
4.815 % 9.951 % .25

Rates are current as of 2/20/2019 at 9:09 AM. The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate and an estimated total for points and other finance charges and fees. For specific details please contact your Great Southern Residential Lender. Points are a one-time charge assessed at your loan closing. Each point equals one percent of your loan amount. Paying points may result in a lower or discounted interest rate.

Some of our home loan options like VA, FHA, and USDA include specific requirements and qualifications. Your Great Southern Residential Lender can help you determine if you are or the property you are interested in purchasing is eligible for these programs. All payment examples provided below do not include taxes and insurance premiums. All loans are subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Property insurance is required. Great Southern Bank is not an agent or affiliate of any government agency.

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1) Conventional, FHA, USDA/Rural Housing, & VA (All 30 Year Fixed Rates)

Rate shown assumes: Conforming loan amounts of $160,000; Single family residence; Down payment of 25%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $160,000 at 4.50% will have principal and interest of $811 per month.

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2) Conventional 15 Year Fixed

Rate shown assumes: Conforming loan amounts of $160,000; Single family residence; Down payment of 25%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 15-year fixed rate loan of $160,000 at 4.50% will have principal and interest of $1,224 per month.

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3) 10/1 ARM

Rate shown assumes: Conforming loan amounts of $160,000; Single family residence; Down payment of 25%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: On a $160,000 10-1 ARM amortized over 30 years, with an initial rate of 4.5%, will have principal and interest of $811 per month for ten years. For adjustable rate mortgage (ARM), after the initial period (120 months), rates and payments will change based on the current index plus a margin each year for the remainder of the term of the loan. Rate is subject to increase at a future date after consummation of the loan.

Rates and payments will change based on the current index plus a margin (rounded to the nearest 1/8th) each year for the remainder of the term of the loan. As an example, The Wall Street Journal Libor 12 month index 2/20/2019 at 9:09 AM was 2.910%. Using this index plus the product's margin (2.25%) the fully indexed rate would be 5.160% resulting in a fully indexed rate of 5.125% (rounded to the nearest 1/8th of a percent). Over the life of the loan the rate will never be lower than the margin of 2.25% or higher than the initial rate noted in the table above plus 5 percentage points.

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4) Jumbo 10/1 ARM

Rate shown assumes: Conforming loan amounts of $484,351; Single family residence; Down payment of 25%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: Your monthly principal and interest payment will be fixed for ten years, so for a loan of $453,101 at 4.50% you will have a principal and interest payment of $2,296 per month. After the initial period (120 months), your adjustable rate mortgage (ARM), rates and payments will change based on the current index, plus a margin each year for the remainder of the term of the loan. Rate is subject to increase at a future date after consummation of the loan.

Rates and payments will change based on the current index plus a margin (rounded to the nearest 1/8th) each year for the remainder of the term of the loan. As an example, The Wall Street Journal Libor 12 month index on 2/20/2019 at 9:09 AM was 2.910%. Using this index plus the product's margin (2.25%) the fully indexed rate would be 5.160% resulting in a fully indexed rate of 5.125% (rounded to the nearest 1/8th of a percent). Over the life of the loan the rate will never be lower than the margin of 2.25% or higher than the initial rate noted in the table above plus 5 percentage points.

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5) Home Equity Loan

The annual percentage rate (or APR) is the total annualized cost of your loan. Minimum loan amount is $10,000. Cannot be used in conjunction with any previous offers.

For example: a $20,000 loan for 84 months at 5.49% interest rate, monthly payments would be $287.31. Other home equity loan options are available, contact a Great Southern Residential Lender for more details.

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6) Construction Only Loans

Rate shown assumes: Loan amounts of $160,000; Single family residence; Down payment of 25%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: Fully funded loan amount of $160,000 at 4.815% will have an interest only payment of $642.00 per month for 11 months and a final balloon payment of $160,000 in the 12th month, at such time you will be responsible for refinancing your loan into a permanent loan. Balloon Payment is a repayment of the outstanding principal sum made at the end of a loan period.

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