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Home Loan Rates

Mortgage Rates | 09-23-2022

Product Rate APR* Points Payment*
10 Year Fixed 5.875% 6.3.4% 0.998% $1,766.30
15 Year Fixed 6.125% 6.325% 0.337% $1,361.00
20 Year Fixed 6.625% 6.745% 0.006% $1,204.72
30 Year Fixed 6.750% 6.856% 0.140% $1,037.76
5/6 ARM 4.625% 4.958% 0.187% $822.62
7/6 ARM 4.750% 4.972% 0.151% $834.64
10/6 ARM 4.625% 4.855% 0.139% $822.62
Jumbo 10/6 ARM 4.625% 4.806% 0.139% $3,327.52
Jumbo 15 Year Fixed 5.875% 6.063% 0.837% $5,417.84
Jumbo 30 Year Fixed 6.250% 6.856% 0.140% $3,984.93
This rate sheet is not a credit decision or a commitment to lend. Your rate is not locked until you get confirmation from a Mortgage Loan Officer. Loan application will be subject to credit and property approval.
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*Annual Percentage Rate (APR) effective as the date shown above. Sample monthly payments are based upon a single-family owner-occupied residence with a loan amount of $160,000, 70% Loan-to-Value, Origination Fee of $800, Points, and standard 3rd party charges (e.g. appraisal and title) except for Jumbo Loans (see below).

  • Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan That change can increase or decrease your monthly payment. Rate increases are limited to a maximum of 5% over the initial rate during the lifetime of the loan.
    • 5/6 ARM Fixed for 60 months, adjusts no more than 1% semi-annually thereafter.
    • 7/6 ARM Fixed for 84 months, adjusts no more than 1% semi-annually thereafter.
    • 10/6 ARM Fixed for 120 months, adjusts no more than 1% semi-annually thereafter.
  • Jumbo Mortgage payment examples are for loan amounts of $647,201, 70% Loan-to-Value, an origination fee of $1,699 and Points. Origination Fees vary based on loan amount between $250 - $1,699.

Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. Actual APRs for individual loans may differ due to market conditions, individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Maximum APR is 8.00%.

Representative payments listed above do not include taxes and insurance premiums. Property and/or flood hazard insurance may be required. Actual payment obligation will be greater.

Maximum loan limits may apply. Interest rates and APRs offered are subject to change without notice. Consult a tax adviser for information regarding the deductibility of interest and charges. Must be a member to borrow.

100% Combo Loan (First Time Buyer) | 09-23-2022

Product Rate APR* Points Payment*
Combo 10/6 ARM 4.375% 4.700% 0.000% $918.68
Combo 40 Year Fixed 7.125% 7.220% 0.000% $1,160.18
20 Year Fixed HELOC 5.490% 5.490% 0.000% $274.93
If you are applying for the 100% First Time Home Buyer Program, please apply at 80% of the purchase amount you are applying for. In the comment section, say that you want the 100% First Time Home Buyer Program.
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*Available for primary residence purchases only up to 100% LTV. Applicants must meet credit and ability to repay requirements. Annual Percentage Rates (APR) effective as of the date shown above. This is an 80/20 mortgage loan. Example is based on a $230,000 purchase price. A first mortgage (10/6 ARM) of $184,000 at 4.375% with an APR of 4.700%, has principal and interest payments of $1,160.18 for 60 months. The example APR includes an origination fee of $1,299 and Points. Origination Fees vary based on loan amount, between $250 - $1,299. Actual APRs for individual loans may differ. Adjusts no more than 1% semi-annually after 60 months. Rate increases are limited to a maximum of 5% over the initial rate during the lifetime of the loan.  A second mortgage of $46,000 borrowed at 5.490% with an APR of 5.490% will have principal and interest payments of $274.93 for 240 months. Tax and insurance payments not included in examples. Property hazard insurance is required. 3% seller concessions allowed with 2 months PITI reserves. 0% seller concessions without 2 months reserves. No gift funds allowed towards closing costs. Escrow account required for taxes and insurance. Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. Actual APRs for individual loans may differ due to individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. Consult a tax adviser for information regarding the deductibility of interest and charges. Must be a member to borrow. 

Home Equity Line of Credit | 09-23-2022

Combined Loan-to-Value1 Term Annual Percentage Rate2
Up to 95% 10 Year Draw Period/15 Year Repayment Period 5.74% - 11.99%TV
Due to high demand and the current environment, Home Equity loan turnaround times are slower than normal. We appreciate your patience during this time.
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Minimum $5,000 amount. Maximum CLTV subject to collateral & credit qualifications

Home Equity APRs listed above are for owner-occupied single family residences, are effective as of the above date, and are subject to credit and collateral approval. Home Equity Line of Credit is subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal on the 15th day of each month (Index) plus a margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of each billing cycle. The Interest Rate will never be less than 3.75% or greater than 18.00%. Closing costs (if applicable) range from $399 to $1,500, including property appraisal and title insurance, if required. Maximum Combined Loan to Value subject to collateral and credit qualifications. Property insurance required. Other rates and terms are available for Investment Property or Manufactured Home Equity Lines of Credit.

V = Variable Rates. T = Tiered Rates based on credit qualifications.

Fees & Costs: No Annual Fee. No Origination Fee. Title Report & Recording: $100,000 or Less: $399. Over $100,000: Actual Cost over $250. Appraisal may be required at an additional cost.

Rates and terms are effective as of the above date and are subject to change without notice.

Home Equity Loan | 09-23-2022

Term Rate Minimum Loan Amount APR* Payment*
5 Year 3.99% - 10.74% $5,000 4.32% - 11.09% $921 - $1,081
10 Year 4.24% - 11.74% $10,000 4.41% - 11.94% $521 - $710
15 Year 4.49% - 11.99% $15,000 4.61% - 12.14% $382 - $600
20 Year 4.99% - 13.49% $25,000 5.09% - 13.62% $330 - $603
Due to high demand and the current environment, Home Equity loan turnaround times are slower than normal. We appreciate your patience during this time.
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*Annual Percentage Rates (APRs) are calculated based on a loan amount of $50,000, Combined Loan to Value (CLTV) of up to 80% and a $399 loan fee.  Maximum CLTV subject to collateral and credit qualifications; tiered rates are based on credit qualifications and CLTV. Loan applications are subject to credit and property approval.  Representative payments shown include only Principal and Interest.  Appraisal may be required at an additional cost. Property insurance required; flood insurance may be required.  Maximum loan limits apply.  Other rates and terms are available for Investment Property or Manufactured Home Equity Loans.

Collateral: Single Family Residence (Primary Residence, up to 95% CLTV).

Rates and terms are effective as of the above date and are subject to change without notice.