Mortgage Rates

All Rates Effective January 20, 2017 at 10:00 a.m.

Rates are subject to change during the day without notice.
Please call 1-800-445-5725 (1-800-HILLSBK) for the most up-to-date rate quotes

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

4.000%

4.008%

360

$4.77

$200,000

0.000

4.000%

4.013%

360

$4.77

$100,000

0.000

4.125%

4.151%

360

$4.85

 

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

3.125%

3.140%

180

$6.97

$200,000

0.000

3.125%

3.147%

180

$6.97

$100,000

0.000

3.250%

3.294%

180

$7.03

  • 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 80% loan to value (LTV).
  • For other loan amounts, terms, and rates contact a Mortgage Lender at any location.
  • Hills Bank and Trust Company 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

4.000%

4.008%

360

$4.77

$200,000

0.000

4.000%

4.013%

360

$4.77

$100,000

0.000

4.250%

4.276%

360

$4.92

 

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

3.125%

3.140%

180

$6.97

$200,000

0.000

3.250%

3.272%

180

$7.03

$100,000

0.000

3.375%

3.419%

180

$7.09

  • 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 80% loan to value (LTV).
  • Rates are based on a Rate/Term Refinance.
  • For other loan amounts, terms, and rates, contact a Mortgage Lender at any location.
  • Hills Bank and Trust Company is not responsible for typographical errors or omissions.

Adjustable Rate Mortgage Loan (In-house)

Adjustable Rate Mortgage Loan

Term

Interest Rate

Annual Percentage Rate (APR)

Monthly Payment per $1,000 Borrowed

Index based on
1-yr US Treasury Constant Maturity

Margin

5 year

3.250%

3.627%

60 pmts of $4.35
300 pmts of $4.63

0.82
Effective 01-18-17

3.00

7 year
 

3.750%

3.804%

84 pmts of $4.63
276 pmts of $4.63

0.82
Effective 01-18-17

3.00

10 year

4.000%

3.960%

120 pmts of $4.77

240 pmts of $4.63

0.82
Effective 01-18-17

3.00

(Examples shown are for a Purchase Transaction only)

  • Interest rate is subject to increase after consummation.
  • Monthly payments do not include amounts for taxes and insurance (if applicable), and actual payments will be greater.
  • APR is based on $100,000 loan amount.
  • Rates assume owner-occupied dwelling.
  • Rates are based on a purchase. Please call for rates on Refinance loans.
  • Rates are subject to qualifying credit and may change.
  • Rates assume primary account relationship with Hills Bank; rates 0.25% higher without primary account relationship.
  • Interest rate buy-down options allowed on In-House loans:  a .5 discount point fee will reduce interest rate by .125%
  • If outside of trade area, add .25%.
  • If >25 acres:  add .50%
  • If loan amount is <$40,000, add .25% to rate.
  • 10/1 ARM product available on purchases only.
  • 100% Financing available
  • First Mortgage Maximum loan to value (LTV) 85%.
  • Rates are based on a 720 credit score.
  • For other loan amounts, terms, and rates contact a Mortgage Lender at any location.
  • Hills Bank and Trust Company is not responsible for typographical errors or omissions.

For additional mortgage loan rates, please call 1-800-445-5725 (1-800-HILLSBK) to visit with a mortgage lender, schedule an appointment online, or stop by any Hills Bank location.Schedule an appointment online with a mortgage lender.