Mortgage Rates

Current Rates

Loan Type Rate APR Points
Conventional 30 Year Fixed 1
4.625 % 4.735 % 0
Conventional 30 Year Fixed +1pt 1
4.375 % 4.658 % 1
Conventional 15 Year Fixed 2
4.125 % 4.311 % 0
Conventional 15 Year Fixed +1pt 2
3.875 % 4.362 % 1
FHA 30 Year Fixed 3
4.250 % 5.208 % 0
FHA 30 Year Fixed +1pt 3
4.000 % 5.284 % 1
USDA/Rural Housing 30 Year Fixed Rate 4
4.375 % 4.925 % 0
VA 30 Year Fixed 5
4.250 % 4.482 % 0
VA 30 Year Fixed +1pt 5
4.000 % 4.399 % 1
5/1 ARM 6 3.990 % 4.970 % 0
Jumbo 30 Year Fixed 7
4.625 % 4.735 % 0
Jumbo 5/1 ARM 8 3.990 % 4.970 % 0
Second Mortgage 9 4.750 % 5.688 % 0
Construction Only Loans 10
4.815 % 9.951 % .25

Rates are current as of 12/18/2018 at 9:23 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 rates and points only and does not take into account other loan specific finance charges and program fees you may be required to pay.  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.
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1) Conventional 30 Year Fixed

Rate shown assume: Conforming loan amounts of $160,000; Single family residence; Down payment of 20%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $160,000 at 3.50% will have principal and interest of $718.47 per month.
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2) Conventional 15 Year Fixed

Rate shown assume: Conforming loan amounts of $160,000; Single family residence; Down payment of 20%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 15-year fixed rate loan of $160,000 at 3.50% will have principal and interest of $1,143.81 per month.
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3) FHA 30 Year Fixed

Rate shown assume: Loan amounts of $160,000; Single family residence; Down payment of 3.5%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $160,000 at 3.50% will have principal and interest of $718.47 per month.
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4) USDA/Rural Housing 30 Year Fixed Rate

Rate shown assume: Loan amounts of $160,000; for the purchase of a primary single family residence; 0% Down payment; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $160,000 at 3.50% will have principal and interest of $718.47 per month.
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5) VA 30 Year Fixed

Rate shown assume: Loan amounts of $160,000; Single family residence; Down payment of 20%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $160,000 at 3.50% will have principal and interest of $718.47 per month.

VA finances up to 100% loan to value on a primary residence purchase or rate/term refinance with an escrow account.
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6) 5/1 30 Year ARM

Rates shown assume: Conforming loan amounts of $160,000; Single family residence; Down payment of 20%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $160,000 at 3.50% will have principal and interest of $718.47 per month. For adjustable rate mortgage (ARM), after the initial period (60 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.
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7) Jumbo 30 Year Fixed

Jumbo loans are those with loan amounts of $424,100 or greater.

Rate shown assume: Conforming loan amounts of $424,100; Single family residence; Down payment of 20%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $424,100 at 3.50% will have principal and interest of $1,904.00 per month.
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8) Jumbo 5/1 ARM

Jumbo loans are those with loan amounts of $424,100 or greater.

Rate shown assume: Conforming loan amounts of $424,100; Single family residence; Down payment of 20%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $424,100 at 3.50% will have principal and interest of $1,904.00 per month. For adjustable rate mortgage (ARM), after the initial period (60 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.
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9) Second Mortgage 5/1 ARM

Rates shown assume: Loan amount of $160,000; Single family residence; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: a 30-year fixed rate loan of $160,000 at 4.75% will have principal and interest of $835.00 per month. For adjustable rate mortgage (ARM), after the initial period (62 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.
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10) Construction Only Loans

Rates shown assume: Loan amounts of $160,000; Single family residence; Down payment of 20%; Mortgage rate lock period of 45 days; Customer profile with excellent credit.

For example: Loan amount of $160,000 at 4.49% will have an interest only payment of $299.33 per month for 11 months and a final balloon payment of $160,299.33 in the 12th month,

Balloon Payment is a repayment of the outstanding principal sum made at the end of a loan period.
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