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Mortgage Rates

Take advantage of our low rates to purchase a new home or refinance your existing mortgage. Our daily updated rates are available in Illinois, Florida and select counties in Indiana and Wisconsin.

Rates Effective: 2/23/2018. Rates and points are subject to change without notice.

Term

Amount

Rate
(%)

APR
(%)

Points
(%)

Payment
(per $1,000)

Closing
Costs*

30 YEAR FIXED

$30,000 - $453,100

4.250 4.500

4.425 4.581

1.125 0.000

$4.92
$5.07

$1,252
plus title

15 YEAR FIXED

$30,000 - $453,100

3.625 3.875

3.977 4.007

1.500 0.000

$7.21
$7.33

$1,252
plus title

5/1 ARM

$30,000 - $453,100

3.625 3.750

4.382 4.406

0.250 0.000

$4.56
$4.63

$1,252
plus title

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Additional Information

Subject to credit approval. Standard rates apply. Rates are subject to change at any time without notice. Quoted rates can be locked for 35 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 with Loan-to-Value < 80%. Please call for rate information on loan amounts not shown in the table.

*Title fees, as part of the closing costs, will vary by county.

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. 

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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