Mortgage Rates

All Rates Effective

January 18, 2019 at 09:30 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

4.125%

4.151%

360

$4.85

$200,000

0.000

4.250%

4.282%

360

$4.92

$100,000

0.000

4.375%

4.425%

360

$4.99

 

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

3.500%

3.541%

180

$7.15

$200,000

0.000

3.625%

3.677%

180

$7.21

$100,000

0.000

3.875%

3.959%

180

$7.33

  • 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

4.250%

4.276%

360

$4.92

$200,000

0.000

4.250%

4.282%

360

$4.92

$100,000

0.000

4.500%

4.551%

360

$5.07

 

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

3.625%

3.667%

180

$7.21

$200,000

0.000

3.625%

3.677%

180

$7.21

$100,000

0.000

4.000%

4.085%

180

$7.40

  • 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

4.500%

5.330%

60 pmts of $5.07
300 pmts of $5.73

2.59
Effective 01-16-19

3.00

7/1 ARM
 

4.750%

5.307%

84 pmts of $5.21
276 pmts of $5.72

2.59
Effective 01-16-19

3.00

10/1 ARM

4.875%

5.242%

120 pmts of $5.29

240 pmts of $5.69

2.59
Effective 01-16-19

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) 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.