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In observance of the holiday, Independent Bank offices will close at noon on Tuesday, December 24, 2024.

We will resume normal business hours on Thursday, December 26, 2024.

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Disclaimer

You are now leaving the Independent Bank website.

Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. Be aware the privacy policy of the site to which you are going may differ from that of Independent Bank. Independent Bank provides external links as a convenience and is not responsible for the content, accessibility, or security of any linked web page.

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Current Mortgage Rates 

 

Product  Rate  APR  Points
30 Yr. Conventional Fixed (Loans up to $806,500 for 252-360 months) 7.000% 7.094% 0.277%
15 Yr. Conventional Fixed (Loans up to $806,500 for 132-180 months) 6.500% 6.611% 0.027%
5/6 Conventional Non-convertible ARM (Loans up to $806,500 for 360 months) Avg. 1 yr. SOFR Margin: 3.00% 7.000% 7.079% 0.125%
Jumbo 5/6 Non-Convertible ARM Avg. 1.yr. SOFR Margin: 3.875% 7.125% 7.156% 0.125%
Jumbo 30 Yr. Fixed  7.125% 7.174%

0.181%

30 Yr. FHA/USDA Fixed (Loans up to $524,225 for 252-360 months) 6.375% 6.434%

-0.036%

1/6 ARM Construction-Perm Non-Convertible ARM (Margin: 3.875%) Call for current vacant Land Loan Specials 5.875% 5.978% 0.125%
Jumbo 5/6 Construction-Perm ARM Avg. 1 Yr. SOFR Margin: 3.875% 7.125% 7.236% 0.125%

 

This information only provided to assist real estate professionals and is not an advertisement to extend consumer credit under Regulation Z. Normal credit standards and restrictions apply to conventional loans. Additional credit standards and restrictions apply to FHA, VA, MSHDA, and other government programs. All rates are quoted assuming a $150,000 loan on a primary residence. taxes, insurance, and assessments/association dues are required, but not included in payment estimate. Discount and Origination points are included in "Points." Discount points can be purchased to lower the interest rate. Rates and terms are subject to change without notice.

 


  • Rates as of December 19, 2024 and are subject to change without notice.
  • Normal credit standards and restrictions apply.
  • 30-Year Fixed: Monthly payment of $1,545 at rate of 7.000% and an assumed purchase loan amount of $220,000. Actual payment obligations with taxes, insurance, and assessments/association dues will be greater.
  • 15-Year Fixed: Monthly payment of $2,018  at rate of 6.500% and an assumed purchase loan amount of $220,000. Actual payment obligations with taxes, insurance, and assessments/association dues will be greater.
  • All monthly payment examples assume 20% down payment including principal and interest expense, and a credit score of 780.
  • Maximum seller contribution of 3%.
  • Annual Percentage Rates for adjustable rate (ARM) products are subject to increase or decrease.
  • Actual interest rates and APRs may vary based on factors such as loan-to-value  (LTV), credit score, occupancy type, number of units, loan amount, and other transaction parameters.
  • Assumes auto pay or online bill pay through an Independent Bank checking account.
  • Taxes, insurance, and assessments/association dues are not included in the payments but are required.
  • Discount and Origination points are included in 'Points.'
  • The interest rate and monthly payment examples assume primary residence and that the customer selects an escrow account for taxes, insurance, and assessments/association dues with lender.

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