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Mortgage Loan Rates
For Specific terms for FHA financing
and 100% financing options, please contact one of our 3 locations:
Marion
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Delhi
| Hiawatha
| Fixed Rate Mortgage Loans as of January 17, 2025 | |||||
| TERM | INTEREST RATE |
APR (ANNUAL PERCENTAGE RATE) |
ORIGINATION FEE/ DISCOUNT POINTS (S) |
DOWN PAYMENT | MONTHLY PAYMENT* |
| 15 years | 6.250% | 6.572% | 1% | 20% | $857.42 |
| 20 years | 7.125% | 7.391% | 1% | 20% | $782.82 |
| 30 years | 6.625% | 6.824% | 1% | 20% | $640.31 |
Terms of Fixed Rate Mortgage Loans:
* Rates based on a credit score of 740 and above. Credit Score Minimum is 620, rates will differ with lower score.
* Payments and rates above are based on $100,000.00 loan amount, with a purchase price of $125,000.00.
* APR listed above includes a 1% origination fee.
* Payments don't include taxes and insurance. Actual payments may be higher.
* All loans are subject to credit approval.
* Rates above are quoted on a 30 day lock period. Max lock period is 60 days.
* All applicants must be at least 18 years of age.
* Rates are subject to change without notice.Heritage Bank also offers Government Program Loans.
These include IFA (Iowa Finance Authority) and FHA loans.
Specific terms for the IFA Program can be found by going to:
www.iowafinance.com/homeownership
For specific terms for FHA financing, please contact one of our 3 locations: Marion | Delhi | Hiawatha
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