Mortgage Rates

Competitive Rates. Unmatched Service.

Mortgage Rates

Competitive Rates. Unmatched Service.

All Rates Effective December 4, 2020 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 2.250% 2.267% 360 $3.82
    $200,000 0.000 2.375% 2.401% 360 $3.89
    $100,000 0.000 2.500% 2.552% 360 $3.95

     

    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 1.750% 1.782% 180 $6.32
    $200,000 0.000 1.875% 1.923% 180 $6.38
    $100,000 0.000

    2.125%

    2.222% 180 $6.49

     

    • 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.
  • 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 2.875% 2.893% 360 $4.15
    $200,000 0.000 2.875%

    2.902%

    360 $4.15
    $100,000 0.000 2.875% 2.929% 360 $4.15

     

    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 2.375% 2.407% 180 $6.61
    $200,000 0.000 2.375% 2.424% 180 $6.61
    $100,000 0.000 2.750% 2.848% 180 $6.79

     

    • 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.
  • 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 3.000% 3.138% 60 pmts of $4.22 300 pmts of $4.27 0.11 Effective 12-1-20 3.00
    7/1 ARM 3.375% 3.298% 84 pmts of $4.42 276 pmts of $4.31 0.11 Effective 12-1-20 3.00
    10/1 ARM 3.500% 3.413% 120 pmts of $4.49 240 pmts of $4.34 0.11 Effective 12-1-20 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%
    • 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 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 or schedule an appointment online to find out what you can be approved for!