Mortgage Rates

All Rates Effective

November 13, 2019 at 11:30 a.m.

Rates are subject to change during the day without notice.

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

3.500%

3.518%

360

$4.49

$200,000

0.000

3.500%

3.527%

360

$4.49

$100,000

0.000

3.750%

3.804%

360

$4.63

 

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

2.875%

2.907%

180

$6.85

$200,000

0.000

3.000%

3.048%

180

$6.91

$100,000

0.000

3.250%

3.346%

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 75% 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

3.625%

3.643%

360

$4.55

$200,000

0.000

3.625%

3.652%

360

$4.55

$100,000

0.000

3.875%

3.930%

360

$4.70

 

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

2.875%

2.907%

180

$6.85

$200,000

0.000

3.000%

3.048%

180

$6.91

$100,000

0.000

3.375%

3.471%

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 75% 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

Loan Program

Initial Interest Rate

Annual Percentage Rate (APR)

Monthly Payment per $1,000 Borrowed

Index based on
1-yr US Treasury Constant Maturity

Margin

5/1 ARM

3.500%

4.274%

60 pmts of $4.49
300 pmts of $5.05

1.58
Effective 11-13-19

3.00

7/1 ARM
 

3.875%

4.322%

84 pmts of $4.70
276 pmts of $5.06

1.58
Effective 11-13-19

3.00

10/1 ARM

4.000%

4.291%

120 pmts of $4.77

240 pmts of $5.04

1.58
Effective 11-13-19

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) 90%.
  • 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.

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

  • 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, schedule an appointment online or connect with a lender today to find out what you can be approved for!