Mortgage options
Find the right home loan for you
Fixed-rate mortgage
Lock your rate for 15, 20 or 30 years so your principal and interest payment never changes.
Adjustable-rate mortgage
A lower starting rate fixed for 5, 7 or 10 years, then adjusting once a year within set limits.
First-time buyer
Buy with as little as 3% down, with reduced mortgage insurance and help with closing costs.
Jumbo loans
Financing up to $3 million for higher-value homes, with fixed and adjustable options.
Refinance
Lower your rate, shorten your term or switch from adjustable to fixed.
Construction to permanent
One loan, one closing. Fund the build in stages, then convert to a regular mortgage.
Rates
Example mortgage rates
Illustrative rates only, based on a $320,000 loan for a primary home with 20% down and a 740+ credit score. Your rate will depend on your circumstances.
Your rate
What affects your rate
Credit score
A higher score usually means a lower rate. Scores of 740 and above get our best pricing.
Down payment
Putting 20% or more down lowers your rate and removes the need for mortgage insurance.
Loan term
Shorter terms like 15 years have lower rates but higher monthly payments.
Property type
Rates for primary homes are lower than for second homes or investment properties.
Debt-to-income ratio
We look at how much of your monthly income goes on debt. Below 43% is ideal.
How it works
From pre-approval to keys in four steps
Be prepared
What you'll need, and what it costs
Documents checklist
Proof of identity
A valid driver's license or passport for everyone on the application.
Income
Your last two pay stubs and W-2s, or two years of tax returns if you're self-employed.
Assets
Two months of bank statements showing your down payment and closing cost funds.
Debts
Details of car loans, student loans, credit cards and any other monthly payments.
The property
Your signed purchase agreement, or your current mortgage statement if refinancing.
Typical closing costs
Closing costs usually add up to 2–5% of your loan amount. You'll get a detailed Loan Estimate within 3 business days of applying.
Appraisal$500 – $700
Title search & insurance$1,000 – $2,500
Origination$0 on most loans
Recording fees$100 – $250
Prepaid taxes & insuranceVaries
Example ranges only. Costs vary by location and loan.
First-time buyers
Buying your first home?
From 3% down
On a $350,000 home, that's a down payment of $10,500.
Up to $5,000 toward closing costs
A credit for eligible first-time buyers, applied at closing.
Free homebuyer course
A short online course covering budgets, offers, inspections and closing.
Refinancing
Already own your home?
Lower your monthly payment
Refinance into a lower rate or a longer term.
Pay off your home sooner
Move from a 30-year to a 15-year term and save on total interest.
Cash-out refinance
Borrow against your home's equity for renovations or other big expenses.
Jargon buster
Mortgage terms explained
APR
The annual percentage rate. It includes your interest rate plus certain fees, so it's the best way to compare loans.
Points
An optional upfront fee to lower your rate. One point costs 1% of the loan amount.
Escrow
An account we manage to pay your property tax and home insurance from your monthly payment.
Mortgage insurance (PMI)
Usually required when you put down less than 20%. It can be removed once you reach 20% equity.
Loan-to-value (LTV)
Your loan amount divided by the home's value. A $320,000 loan on a $400,000 home is 80% LTV.
Rate lock
A guarantee that your rate won't change between application and closing, for a set period.
FAQs
Your questions answered
Ready to find out how much you can borrow?
Get pre-approved and shop for your home with confidence.