Chicago Mortgage Rates eval041718
Buying a new home or refinancing and you're not sure which mortgage is best for you? At First American Bank, you can always talk to a live person by calling (847) 952-3700 during the business hours of 8:00 a.m. to 6:00 p.m. Central Time Monday through Friday (excluding federal holidays) or Saturday 8:00 a.m. to 1:00 p.m. You can also stop by one of our 53 locations to speak with a personal banker.
Get Our No Risk Home Appraisal.
In today's economy, you may be concerned that your home's current value won't support a new mortgage, leaving you to bear the expense of the appraisal. So, before we order the full appraisal, we'll run your property through our automatic estimator. If it comes back with a high degree of confidence, we'll commit to reimburse you for the cost of the full appraisal if we're not able to complete the mortgage due to valuation. In other words, you'll know if you have the guarantee before you commit to the expense of a full appraisal. Contact us now for more information.
The following mortgage rates are real time refreshed and published multiple times per day.
Rates Effective: 04/20/2018 . Rates and points are subject to change without notice./personalbanking/borrowing/mortgage/chicago-mortgage-rates-eval041718/?region=_id1 /personalbanking/borrowing/mortgage/chicago-mortgage-rates-eval041718/?region=_id3 /personalbanking/borrowing/mortgage/chicago-mortgage-rates-eval041718/?region=_id2
*$1,000 Closing Costs Credit: Available on applications received between 5/18/15-6/30/15. Loan must close by 9/1/15. Only available on 1-4 family residences, owned individually, jointly, or through a living trust. Limited to residents of (i) Illinois; (ii) Kenosha, Racine, & Walworth counties in Wisconsin; and (iii) Lake & Porter counties in Indiana. Title fees, as part of the closing costs, will vary by county. May not be combined with other promotions.
Offer for no risk appraisal is only available for single family homes and non-commercial customers.
Rates are subject to change at any time without notice. Quoted rates can be locked for 30 days and are based on the purchase/refinance of a single family home to be used as a primary residence. Rates and terms are not guaranteed until application is completed and rate is locked by a First American Bank mortgage loan representative. Rates and programs are subject to limitations. Call for program availability. All programs are fully amortized loans that require monthly payments of principal, interest, and any required escrow payments for the term of the loan. The exact monthly payment of a loan will vary depending on the term of the loan, the amount and the Annual Percentage Rate (APR) at the time of loan approval. Available loan amounts range from $30,000 to $650,000. Please call for rate information on loan amounts not shown in the table.
1 Conventional loan APRs shown are based on a loan amount of $175,000. We assume a 25% down payment with no Private Mortgage Insurance (PMI) and based on payment for the full term. APRs will vary due to the cost of PMI, if necessary, and actual loan amounts.
2 Jumbo loan APRs shown are based on a loan amount of $500,000. We assume a 30% down payment with no Private Mortgage Insurance (PMI) and based on payment for the full term. APRs will vary due to the cost of PMI, if necessary, and actual loan amounts.
3 The APRs shown on adjustable rate mortgage (ARM) loans are based on a loan amount of $175,000 amortized for 30 years. The APRs shown are for the initial period and may increase after closing due to the movements of the interest rate index during the rate adjustment periods. Call for information regarding rate adjustment caps and margins.
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