Mortgage Rates

Competitive Rates. Unmatched Service.

Mortgage Rates

Competitive Rates. Unmatched Service.

All Rates Effective May 25, 2022 at 10:00 a.m.

Rates are subject to change during the day without notice.

Due to rate volatility, please contact a mortgage lender for an accurate rate quote for your mortgage.

  • PURCHASE TRANSACTIONS - FIXED RATE MORTGAGE LOANS (SECONDARY MARKET)

    30 Year Fixed Rate Loan 30 Day Lock

    Loan Amount Points Interest Rate Annual Percentage Rate (APR) Number of Monthly Payments Payment per $1,000 Borrowed
    $300,000 0.000 4.625% 4.645% 360 $5.14
    $200,000 0.000 4.625% 4.655% 360 $5.14
    $100,000 0.000 4.750% 4.810% 360 $5.22

     

    15 Year Fixed Rate Loan 30 Day Lock

    Loan Amount Points Interest Rate Annual Percentage Rate (APR) Number of Monthly Payments Payment per $1,000 Borrowed
    $300,000 0.000 3.875% 3.909% 180 $7.33
    $200,000 0.000 4.000% 4.051% 180 $7.40
    $100,000 0.000

    4.375%

    4.478% 180 $7.59

     

    • Monthly payments do not include amounts for taxes and insurance (if applicable), and actual payments will be greater.
    • Rates assume owner-occupied dwelling.
    • Rates are subject to qualifying credit and may change.
    • Rates are based on 740 credit score and 75% loan to value (LTV).
    • For other loan amounts, terms, and rates contact a Mortgage Lender at any location.
    • Hills Bank is not responsible for typographical errors or omissions.
  • PURCHASE TRANSACTIONS - ADJUSTABLE RATE MORTGAGES (ARMS)

    Adjustable Rate Mortgage Loan

    Loan Program Initial Interest Rate Annual Percentage Rate (APR) Monthly Payment per $1,000 Borrowed
    5/1 ARM 3.375% 4.468% 60 pmts of $4.42 300 pmts of $5.23
    7/1 ARM 3.500% 4.343% 84 pmts of $4.49 276 pmts of $5.19
    10/1 ARM 3.750% 4.281% 120 pmts of $4.63 240 pmts of $5.16

    Published rates are subject to change at any time. Rate and APR assumes a purchase transaction 80% loan-to-value (LTV) with a loan amount of $100,000 with no points paid and a .25% rate reduction for primary account relationship with Hills Bank. Actual rate is based on occupancy, LTV, and credit history. Payment example does not include property taxes or insurance actual payment may be greater. Adjustable rate mortgage (ARM) loan rates are subject to change during the loan term, which can increase or decrease the monthly payment. Rate adjustments and payments are based on the 1-yr US Treasury index, plus the margin of 3.0%, rounded to the nearest 1/8 of one percent. Ask your Hills Bank lender for additional information. Hills Bank is not responsible for typographical errors or omissions.

  • REFINANCE TRANSACTIONS - FIXED RATE MORTGAGE LOANS (SECONDARY MARKET)

    30 Year Fixed Rate Loan 60 Day Lock

    Loan Amount Points Interest Rate Annual Percentage Rate (APR) Number of Monthly Payments Payment per $1,000 Borrowed
    $300,000 0.000 4.750% 4.770% 360 $5.22
    $200,000 0.000 4.750%

    4.780%

    360 $5.22
    $100,000 0.000 5.000% 5.061% 360 $5.37

    15 Year Fixed Rate Loan 60 Day Lock

    Loan Amount Points Interest Rate Annual Percentage Rate (APR) Number of Monthly Payments Payment per $1,000 Borrowed
    $300,000 0.000 4.000% 4.034% 180 $7.40
    $200,000 0.000 4.250% 4.301% 180 $7.52
    $100,000 0.000 4.875% 4.979% 180 $7.84
    • Rates assume Rate/Term Refinance.
    • Monthly payments do not include amounts for taxes and insurance (if applicable), and actual payments will be greater.
    • Rates assume owner-occupied dwelling.
    • Rates are subject to qualifying credit and may change.
    • Rates are based on 740 credit score and 75% loan to value (LTV).
    • For other loan amounts, terms, and rates contact a Mortgage Lender at any location.
    • Hills Bank is not responsible for typographical errors or omissions.

Please contact a Mortgage Lender for the most up-to-date rates including:

  • In House ARM loans with up to 100% financing
  • Veterans Affairs (VA)
  • Federal Housing Administration (FHA)
  • USDA Rural Development Loan Assistance

Hills Bank offers free pre-approvals with no application fee. Apply online with any mortgage lender or schedule an appointment online to find out what you can be approved for!