U.S. Mortgage Interest Rates 2025 Bank Wise

Check United States mortgage rates across U.S. banks in 2025 is essential for homebuyers seeking the best financing options. Each bank offers unique rates, terms, and eligibility criteria based on credit scores, loan types, and down payments. Comparing these rates bank-wise helps borrowers make informed decisions and secure affordable homeownership.

Mortgage Interest Rates 2025

Before applying for a mortgage loan in the U.S., you’ll need to gather key financial documents, understand your credit profile, step-by-step formalities, and prepare for lender requirements.

Here’s a breakdown of current mortgage rates in united states, pros and cons, and basic requirements from major U.S. banks as of late 2025.

1. Rocket Mortgage

Rocket Mortgage is one of the leading digital-first mortgage providers in the U.S., known for its fast, fully online application process and strong customer support. Ideal for tech-savvy homebuyers, it allows users to complete everything from prequalification to closing digitally, often within days. While convenient, fees and mortgage interest rates may be slightly higher than those offered by local lenders or credit unions.

Mortgage Interest Rates & Loan Options

Mortgage interest rates at Rocket Mortgage vary based on factors such as credit score, loan amount, down payment, property type, and points purchased. Rates update daily and can be personalized through Rocket’s “Estimate My Rate” tool. Sample rates for purchase loans (as of late 2025) include:

30-Year Fixed Conventional: Around 6.50% interest (APR ~6.79%) with points typically 1–2%.
30-Year Jumbo Fixed: Custom rates, often 0.25–0.50% higher than conforming loans, for loan amounts above $766,550.
30-Year FHA Fixed: Approximately 6.25%–6.75%, with minimum down payment 3.5% if credit ≥580.
30-Year VA Fixed: Around 6.25%–6.75%, 0% down for eligible veterans.

Rocket Mortgage also provides programs with lower down payments, including a 1% down option via the ONE+ program (loan ≤$350,000, income limits apply).

Key Requirements

Minimum Credit Score: 620 for conventional/FHA (580 possible for FHA with 3.5% down; 680+ for jumbo)
Minimum Down Payment: 1% via ONE+, 3% standard conventional, 3.5% FHA, 0% VA, 10%+ jumbo
Debt-to-Income Ratio: Up to 50% for conventional/VA, 45% for jumbo

Pros

Fast, fully digital process from application to e-closing (often in 8–20 days)
Verified Approval℠ strengthens offers beyond standard preapproval
Special programs: Rate Drop Advantage, Welcome Home RateBreak, and select closing credits up to $7,500
Excellent for FHA and VA borrowers; Rocket is the largest FHA lender in the U.S.
Award-winning mobile app and 24/7 customer support

Cons

Mortgage interest rates and fees can be higher than local brokers or credit unions
No physical branches or HELOC options
Origination fees typically 0.5%–1% of the loan amount
Some borrowers report higher-than-expected closing costs

How to Apply Rocket Mortgage

Instant Prequalification: Answer six questions online—no SSN or credit pull required.
Credit & Personalized Rates: Enter SSN for a soft pull to view real-time mortgage interest rates and loan options.
Choose Loan & Lock Rate: Customize term, down payment, and points; lock for 45–90 days.
Upload Documents Digitally: Most documents auto-verified (W-2s, pay stubs, bank statements).
Verified Approval℠ (Optional): Underwriter-reviewed approval letter within 24 hours.
Submit Offer & Final Underwriting: Rocket orders appraisal and clears conditions in 3–10 days.
eClose Anywhere: Sign digitally; loans can fund in as little as 8 days.

Ready? Start here: https://www.rocketmortgage.com/purchase/get-started Or call a Home Loan Expert 24/7: 800 689 9155

2. U.S. Bank Mortgage

U.S. Bank provides a full-service mortgage experience with both digital and branch-based support, appealing to borrowers who value personal guidance and a wide range of loan products. While processing may take longer than fully online lenders, the bank’s extensive geographic reach and variety of programs make it a trusted choice.

Mortgage Interest Rates & Loan Types

Mortgage interest rates at U.S. Bank are personalized and change daily based on credit score, loan amount, down payment, property type, and points purchased. Sample rates for borrowers with excellent credit (FICO® 740+) include:

30-Year Fixed Conventional: Near the national average, typically around 6.15%–6.35% interest.
15-Year Fixed Conventional: Approximately 5.39% interest.
30-Year FHA Loan: Starting around 6.11%–6.25%, 3.5% down for credit ≥640.
30-Year VA Loan: About 5.73%–6.25%, 0% down for eligible veterans.
30-Year Jumbo: Custom rates, usually 0.25%–0.75% above conforming, for loans over $766,550.

Key Requirements

Minimum Credit Score: 620 conventional, 640 FHA, 740+ for best rates/jumbo
Minimum Down Payment: 3%–5% conventional (3% with Access Home Loan assistance), 3.5% FHA, 0% VA, 20%+ jumbo
Debt-to-Income Ratio: Up to 43–50%, higher with strong credit

Pros

Over 2,000 branches across 26 states for in-person support
Down-payment assistance: up to $12,500 grants + $5,000 closing credit via American Dream / Access Home Loan
Strong pre-approval process with underwriter-reviewed letters
Wide range of programs: conventional, FHA, VA, jumbo, construction, investment, ITIN, and professional programs
High customer satisfaction (top rankings in J.D. Power studies)

Cons

Mortgage interest rates can be 0.25%–0.50% higher than online lenders or credit unions
Must speak with a loan officer for fully personalized rates
Higher minimums for some programs (5% down for conventional, 640 credit for FHA)
Origination fees typically 0.8%–1% of loan amount
USDA and reverse mortgages not available in all areas

How to Apply U.S. Bank Mortgage

Prequalification: Answer basic income, debt, and down-payment questions online—no credit pull required.
Get Real Rates: Contact a loan officer (online or 24/7 by phone) for a soft pull and personalized mortgage interest rates.
Lock Your Rate: Select your loan and lock rates for 30–90 days.
Submit Application: Upload W-2s, pay stubs, bank statements digitally; e-sign required documents.
Pre-Approval: Underwriter-reviewed letter issued within 1–3 days.
Find Home & Contract: Use pre-approval to submit offers.
Appraisal & Underwriting: Bank orders appraisal (~$500), final approval in 25–45 days.
Digital Closing: eSign most documents; some notarization may be required in person or remotely.

Ready? Start prequal here: https://www.usbank.com/home-loans/mortgage.html Or call a mortgage loan officer 24/7: 888-291-2334

3. Wells Fargo Mortgage

Wells Fargo is a traditional mortgage leader offering a blend of in-person service and digital capabilities. It’s ideal for borrowers seeking conventional or government-backed loans, with a wide range of products and nationwide branch access. Mortgage interest rates fluctuate daily and are influenced by credit score, loan amount, down payment, property type, debt-to-income ratio, and relationship discounts for existing customers.

Mortgage Interest Rates & Loan Options

Sample mortgage interest rates for strong borrowers (FICO® 740+) include:

30-Year Fixed Conventional: Approximately 6.13%–6.40% interest, APR ~6.29%–6.60%
15-Year Fixed Conventional: Around 5.37% interest, APR ~5.60%
30-Year FHA Loan: About 6.00%–6.50%, 3.5% down for credit ≥580
30-Year VA Loan: Roughly 6.00%–6.50%, 0% down for eligible veterans
30-Year Jumbo: Custom rates, typically 0.25%–0.50% above conforming, for loans over $766,550

Key Requirements

Minimum Credit Score: 620 conventional, 640 FHA, 740+ jumbo
Minimum Down Payment: 3% conventional, 3.5% FHA, 0% VA/USDA, 20%+ jumbo
Debt-to-Income Ratio: Up to 50%, higher with strong compensating factors

Pros

4,000+ branches nationwide for face-to-face support
Down-payment assistance: up to $15,000 via Homebuyer Access® grant + Dream.Plan.Home® closing credit
Relationship discounts: up to 1.25% off mortgage interest rates or $1,000 closing credit for qualified customers
Extensive product menu: FHA, VA, USDA, jumbo, construction, and non-traditional credit programs
Above-average customer satisfaction in J.D. Power studies

Cons

Mortgage interest rates and fees may be higher than some online lenders
No public rates online; must call or visit a branch for personalized quotes
Origination fees ~0.5%–1% plus third-party costs (~$6,800 on a $350k loan)
No HELOCs; alternatives include personal loans or cash-out refinancing
Mixed service reputation and past regulatory scrutiny

How to Apply Wells Fargo Martgage

Closing: eSign most documents digitally or complete hybrid in-branch options.
Prequalify Instantly: Answer basic questions online—no credit pull required.
Get Personalized Rates: Call or visit a branch to provide SSN for soft pull and receive custom mortgage interest rates.
Lock Your Rate: Choose your loan and lock for 30–90 days.
Submit Full Application: Use Wells Fargo’s online portal to upload W-2s, pay stubs, and bank statements.
PriorityBuyer® Preapproval: Underwriter-reviewed letter issued in 1–3 days.
Find Home & Contract: Use preapproval to make offers.
Appraisal & Final Underwriting: Appraisal (~$500) ordered; close in 25–45 days.

Ready? Start prequal here: https://www.wellsfargo.com/mortgage/ Or call a Home Mortgage Consultant 24/7: 1-877-937-9357

4. Chase Bank Mortgage

Chase offers a mix of strong online tools and nationwide branch access, appealing to borrowers who value stability and personalized service. Its mortgage interest rates update daily and are influenced by credit score, loan amount, down payment, property type, and relationship discounts for existing customers.

Mortgage Interest Rates & Loan Options

Sample mortgage interest rates for strong borrowers include:

30-Year Fixed Conventional: Approximately 6.03%–6.30% interest, APR ~6.20%–6.40%
15-Year Fixed Conventional: Around 5.61% interest
5/1 Adjustable-Rate Mortgage (ARM): Around 6.60% interest
30-Year FHA Loan: Roughly 5.90%–6.40%, 3.5% down if credit ≥580
30-Year VA Loan: About 5.90%–6.40%, 0% down for eligible veterans
30-Year Jumbo: Custom rates, typically 0.25%–0.50% above conforming, for loans over $766,550

Chase’s DreaMaker mortgage program allows down payments as low as 3%, including the option to use gift funds for the full down payment. Relationship discounts can lower mortgage interest rates by up to 0.25% and provide closing credits for eligible customers.

Key Requirements

Minimum Credit Score: 620 conventional/DreaMaker/VA, 580 FHA with 3.5% down, 700+ for jumbo/best rates
Minimum Down Payment: 3%–20% depending on loan type
Debt-to-Income Ratio: Up to 45–50%, flexible for strong borrowers

Pros

4,700+ branches nationwide for in-person support
$20,000 Closing Guarantee if Chase delays past contract date
Homebuyer grants up to $7,500 in eligible areas; stackable with DreaMaker program
Existing customers eligible for rate discounts and closing credits
High J.D. Power satisfaction; intuitive Chase MyHome app

Cons

No public rates without entering ZIP code or contacting an advisor
Mortgage interest rates slightly higher than some online-only lenders
Limited options for non-conforming or specialized loans
Origination fees ~0.5%–1% plus third-party costs (~$1,750–$3,500 on $350k loan)
Digital e-closing not available in all states

How to Apply Chase Bank Mortgage

Closing: eSign most documents digitally; hybrid or in-person options available.
Prequalify Instantly: Online tool requires ZIP code and basic information—no credit pull needed.
Get Personalized Rates: Call a Home Lending Advisor or visit a branch to provide SSN for soft pull and receive mortgage interest rates.
Lock Your Rate: Select loan type and lock rates for 30–90 days.
Submit Application: Upload W-2s, pay stubs, bank statements via Chase portal.
Preapproval Letter: Underwriter-reviewed letter issued in 1–3 days.
Find Home & Contract: Use preapproval and $20,000 Closing Guarantee.
Appraisal & Final Underwriting: Chase orders appraisal (~$500); close in 21–45 days.

Ready? Start here: https://www.chase.com/personal/mortgage Or call a Home Lending Advisor 24/7: 1-800-873-6577

5. Bank of America Mortgage

Bank of America provides a combination of online tools and branch support, targeting first-time buyers and moderate-income borrowers. Mortgage interest rates are personalized, updated daily, and influenced by factors such as credit score, loan amount, down payment, property type, and Preferred Rewards membership.

Mortgage Interest Rates & Loan Options

Sample mortgage interest rates for borrowers with strong credit (FICO® 740+) include:

30-Year Fixed Conventional: Around 6.00%–6.30% interest, APR ~6.20%–6.40%
15-Year Fixed Conventional: Approximately 5.25%–5.72% interest
Adjustable-Rate Mortgages (ARMs): About 5.63%–5.75%, based on terms, with SOFR-linked adjustments and caps
30-Year FHA Loan: Roughly 5.90%–6.40%, 3.5% down if credit ≥580
30-Year VA Loan: About 5.90%–6.40%, 0% down for eligible veterans
30-Year Jumbo: Custom rates, typically 0.25%–0.50% above conforming for loans over $766,550

Bank of America offers specialized programs including the Affordable Loan Solution® with 3% down, and the Community Affordable Loan Solution® which allows 0% down in select neighborhoods. Preferred Rewards members may receive up to 0.375% rate discount or reductions in origination fees.

Key Requirements

Minimum Credit Score: 620 conventional, 580 FHA, no minimum for select community programs
Minimum Down Payment: 3%–20% depending on loan type and program
Debt-to-Income Ratio: Up to 50%, flexible for strong credit profiles

Pros

Over 3,700 branches nationwide for in-person assistance
Generous grants: up to $17,500 total in down payment/closing assistance (stackable with other programs)
Preferred Rewards perks: interest rate or fee discounts
Excellent digital tools including Home Loan Navigator® portal
High customer satisfaction in J.D. Power studies

Cons

Mortgage interest rates often 0.10%–0.30% higher than online-only lenders
No USDA loans, reverse mortgages, or HELOCs
Strict underwriting; favors stable income and strong credit
Limited term customization for some loans
Grants and programs limited to certain markets or income levels

How to Apply Bank of America Mortgage

Closing: eSign most documents digitally, or complete hybrid/in-person closing.
Prequalify Online: Answer basic income and down-payment questions—no credit pull required.
Get Personalized Rates: Call or visit a Home Loan Specialist to provide SSN for soft pull and custom mortgage interest rates.
Lock Your Rate: Choose your loan and lock for 30–90 days.
Submit Full Application: Upload W-2s, pay stubs, bank statements via Home Loan Navigator®.
Preapproval Letter: Underwriter-reviewed letter issued in 1–3 days.
Find Home & Contract: Use preapproval and grant letters to strengthen your offer.
Appraisal & Final Underwriting: Bank orders appraisal (~$500); close in 25–45 days.

Ready? Start prequal here: https://www.bankofamerica.com/mortgage/ Or call a Home Loan Specialist 24/7: 800 270 5746

6. Citibank mortgage

Citibank offers a combination of digital tools and dedicated loan officers, specializing in jumbo and high-value loans. Mortgage interest rates are updated daily and are influenced by credit score, loan amount, down payment, property type, and relationship discounts for Citibank clients.

Mortgage Interest Rates & Loan Options

Sample mortgage interest rates for qualified borrowers include:

30-Year Fixed Conventional: Approximately 6.0%–6.30% interest, APR ~6.20%–6.40%
15-Year Fixed Conventional: Around 5.4%–5.7% interest
Adjustable-Rate Mortgages (ARMs): Slightly lower initial rates than fixed, depending on term
30-Year FHA Loan: Roughly 5.90%–6.40%, 3.5% down if credit ≥580
30-Year VA Loan: About 5.90%–6.40%, 0% down for eligible veterans
30-Year Jumbo: Custom rates, typically 0.25%–0.50% above conforming for loans over $766,550

Citi’s HomeRun Mortgage® allows ultra-low 3% down payments with no PMI, while select borrowers may receive up to $7,500 in closing cost credits. Relationship discounts are available for Citibank account holders, with rate reductions up to 0.625% or closing credits based on account balances.

Key Requirements

Minimum Credit Score: 620 conventional/VA, 580 FHA, flexible guidelines for HomeRun Mortgage®
Minimum Down Payment: 3%–20% depending on loan type and program
Debt-to-Income Ratio: Up to 50%, 36% ideal for cash-out refinance

Pros

Competitive rates for jumbo and luxury home loans
Low down payment programs with no PMI
Relationship discounts and closing cost credits for Citibank clients
SureStart® Pre-Approval offers an underwriter-reviewed commitment letter
Flexible guidelines for non-traditional credit in HomeRun program
High customer satisfaction in J.D. Power studies

Cons

Limited branch footprint
Conventional loan rates less competitive for smaller loans
No USDA, construction, or renovation loans
Assistance and HomeRun program limited to select cities and income levels
Loans sold after closing (serviced by Cenlar – mixed reviews)

How to Apply Citibank Mortgage

Prequalify Online: Answer basic income and down-payment questions—no credit pull required.
Get Personalized Rates: Contact a Home Lending Specialist for soft credit pull and custom mortgage interest rates.
Lock Your Rate: Choose your loan and lock for 30–90 days.
Submit Full Application: Upload W-2s, pay stubs, and bank statements digitally.
SureStart® Pre-Approval: Underwriter-reviewed commitment letter issued in 1–3 days.
Find Home & Contract: Use pre-approval and grant letters to strengthen your offer.
Appraisal & Final Underwriting: Citi orders appraisal (~$500); close in 25–45 days.
Closing: eSign most documents digitally; remote online notary available.

Ready? Start prequal here: https://www.citi.com/mortgage Or call a Home Lending Specialist: 1-800-248-4638

7. PNC Bank Mortgage

PNC Bank offers a variety of mortgage products for conventional, government-backed, and specialized borrowers, including medical professionals. Mortgage interest rates are personalized, updated daily, and influenced by factors such as credit score, loan amount, down payment, property type, and debt-to-income ratio.

Mortgage Interest Rates & Loan Options

Typical mortgage interest rates for strong borrowers include:

30-Year Fixed Conventional: Approximately 5.88%–6.30% interest, APR ~6.20%–6.40%
15-Year Fixed Conventional: Around 5.11%–5.25% interest
5/1 Adjustable-Rate Mortgage (ARM): About 5.55%
30-Year FHA Loan: Roughly 5.90%–6.40%, 3.5% down if credit ≥600
30-Year VA Loan: About 5.90%–6.40%, 0% down for eligible veterans
30-Year Jumbo: Custom rates, typically 0.25%–0.50% above conforming for loans up to $5M

PNC’s Community Loan program allows 3% down with no PMI, and gift funds are allowed for most of the down payment. Existing customers with $500K+ deposits can receive rate discounts up to 0.25% or closing credits. Generous grants for low-to-moderate-income borrowers can total up to $15,000 in eligible areas.

Key Requirements

Minimum Credit Score: 620 conventional/VA/USDA, 600 FHA, 740+ recommended for best rates/jumbo
Minimum Down Payment: 3%–20% depending on program and loan type
Debt-to-Income Ratio: Up to 50%, ideally below 40% for conventional loans
Rate Lock: 30–90 days

Pros

2,600+ branches in 28 states for in-person support
Strong digital platform with Home Insight® Tracker for application and loan monitoring
Specialized programs for medical professionals and high-balance loans
Grants and low-down-payment options reduce upfront costs
Above-average origination satisfaction in J.D. Power studies

Cons

No public rates without using online tool or contacting a loan officer
Slightly higher origination fees (~0.5%–1%; $1,750–$3,500 on $350k loan)
Limited branch presence in some regions
Grants limited to low/moderate-income borrowers and select census tracts
HELOC fees can be higher than competitors

How to Apply

Prequalify Online (No Credit Pull): Use pnc.com/mortgage rate tool to enter ZIP, home price, down payment, and credit estimate.
Start Preliminary Preapproval: Log in to auto-fill information, then a loan officer completes the review and issues a letter in 24–48 hours.
Talk to a Mortgage Loan Officer: Call 877-508-3339 to verify soft pull, check eligibility for grants, and lock mortgage interest rates for 30–90 days.
Submit Full Application: Upload W-2s, pay stubs, bank statements via Home Insight® Tracker and e-sign documents.
Get Preapproval Letter: Underwriter-reviewed letter issued in 1–3 days for stronger offers.
Find Home & Contract: Submit offer using preapproval and grant eligibility.
Appraisal & Final Underwriting: PNC orders appraisal (~$500); close in 25–45 days.
Closing: eSign most documents digitally or complete hybrid/in-person closing.

Ready? Start here: https://www.pnc.com/en/personal-banking/borrowing/home-lending.html Or call a Mortgage Loan Officer: 877-508-3339

8. NBKC Bank Mortgage

NBKC Bank specializes in a fully online mortgage experience, offering competitive mortgage interest rates and low fees. It is popular with tech-savvy buyers seeking quick closings and transparent pricing, though renovation loans are not available.

Mortgage Interest Rates & Loan Options

Sample mortgage interest rates for qualified borrowers include:

30-Year Fixed Conventional: Approximately 6.0%–6.53%
15-Year Fixed Conventional: Around 6.52%
30-Year FHA Loan: About 5.90%–6.07%, 3.5% down if credit ≥620
30-Year VA Loan: Approximately 5.80%–5.89%, 0% down for eligible veterans
30-Year Jumbo: Custom rates, typically 0.25%–0.50% above conforming for loans up to $3M

NBKC allows low down payments: 3% for conventional, 3.5% for FHA, and sometimes zero for VA loans. Eligible borrowers can also receive up to $2,000 in down payment assistance, and select Kansas City first-time buyers may qualify for up to $3,000 in closing or down payment credits.

Key Requirements

Minimum Credit Score: 620 conventional/FHA/VA (680+ for jumbo; flexible under 600 on select programs)
Minimum Down Payment: 3%–20% depending on loan type
Debt-to-Income Ratio: Up to 50%, lower ratios improve approval odds
Rate Lock: 30–90 days

Pros

Extremely low fees: Flat $250 origination fee for conventional loans
Quick, guaranteed on-time closings with $5,000 Close-on-Time Guarantee
Broad loan selection: Conventional, FHA, VA, and jumbo loans
Digital-first platform with easy online application and document upload
Strong reputation for veterans and airline professionals
Top-rated customer satisfaction (4.8/5 Trustpilot)

Cons

Limited physical branches (only 4 in Kansas City area)
No renovation loans, USDA loans, or HELOCs
Assistance programs mostly limited geographically
Some borrowers report slower responses during peak periods

How to Apply

Get Instant Personalized Rates (No Credit Pull): Visit nbkc.com → “Get a Rate Quote” → Enter ZIP, home price, down payment, and credit estimate.
Prequalify or Start Full Application: Upload documents digitally or consult a loan officer.
Talk to a Loan Officer & Lock Rate: Call 800-375-8096 → Soft credit pull → Lock rate for 30–90 days.
Submit Documents: W-2s, pay stubs, and bank statements uploaded securely; auto-verification available.
Receive Preapproval Letter: Underwriter-reviewed letter issued in 24–48 hours.
Find Home & Go Under Contract: Use preapproval and Close-on-Time Guarantee.
Appraisal & Final Underwriting: NBKC orders appraisal (~$500) → Close in 21–35 days.
Closing: eSign all documents digitally; remote online notary available.

Ready? Start here: https://www.nbkc.com/home-loans Or call a Mortgage Loan Officer: 800-375-8096

9. PenFed & Navy Federal Credit Union

For military members, veterans, and their families, PenFed Credit Union and Navy Federal Credit Union offer competitive mortgage interest rates along with specialized programs and digital tools. Both prioritize VA loans and other low-down-payment options.

Mortgage Interest Rates & Loan Options

PenFed Credit Union

30-Year Fixed Conventional: Approximately 6.10%–6.30%
30-Year Fixed Jumbo: Custom, typically 0.25%–0.50% higher for loans up to $3M
30-Year FHA Loan: Around 6.00%–6.50%, 3.5% down if credit ≥620
30-Year VA Loan: About 5.90%–6.40%, 0% down for eligible veterans

Key Features: 3% down for conventional loans, 3.5% for FHA, and no-down-payment options for VA loans. Closing costs typically include a 1% origination fee (capped at $5,000), plus appraisal and title fees. PenFed provides up to $1,500 assistance with closing costs when using a networked real estate agent.

Navy Federal Credit Union

30-Year Fixed Conventional: Around 5.625%
30-Year Fixed Jumbo: Approximately 5.875%
30-Year VA Loan: About 5.375%, 0% down for military borrowers
30-Year Homebuyers Choice (0% down, no PMI): ~5.75%–6.00%

Key Features: Membership required for active/reserve military, veterans, DoD employees, or families. Minimum down payments vary by loan type: 0% for VA/Military Choice, 5% conventional, 10–20% jumbo. Debt-to-income ratios up to 50% are generally accepted.

Pros

PenFed:

Open membership ($5 savings deposit)
Power Buyer preapproval with 60-day rate lock
Covers all VA IRRRL streamline refi closing costs
Jumbo loans up to $3M
Strong digital tools and online applications

Navy Federal:

America’s #1 VA lender with rates often 0.25%–0.50% below market
0% down and no PMI for VA, Military Choice, and Homebuyers Choice
Rate match guarantee and cash-back incentives with partner agents
Keeps and services loans in-house

Cons

PenFed:

Rates not publicly posted; must call for custom quote
1% origination fee (capped at $5,000)
Limited USDA, construction, renovation, and reverse mortgage options
Stricter credit requirements for conventional loans (650+)

Navy Federal:

Membership required (military/DoD/family)
1% origination fee unless rate bump applied
Limited FHA, USDA, and construction options
“As low as” rates require discount points

How to Apply

PenFed (Online/Phone – 15–30 Minutes):

Join PenFed ($5 savings deposit)
Visit penfed.org/mortgage → “Get My Rate” → Loan officer provides personalized rates
Lock rate (60-day free float-down with Power Buyer)
Upload documents digitally → Full underwriting
Receive Power Buyer preapproval letter
Find home → Appraisal (~$500) → Close in 25–45 days

Contact: 1-800-970-7766 | PenFed Mortgage

Navy Federal (100% Online – 10–20 Minutes):

Join NFCU if not already a member
Visit navyfederal.org → “Get Prequalified” (no credit pull)
Submit full application → Soft pull → Custom rates
Lock rate with Freedom Lock (free float-down up to 0.50%)
Upload documents via HomeSquad portal
Receive Verified Preapproval (24–48 hrs)
Find home → Appraisal (~$500) → Close in ~30 days

Contact: 1-888-842-6328 | Navy Federal Mortgage

10. First Federal Bank

First Federal is a smaller lender known for low-rate FHA and VA loans. It’s ideal for borrowers with moderate credit who want personalized service but don’t need a mobile app or equity lending products.

Discount points and loan amount specifics may affect the exact rate.
Exact purchase mortgage rates are generally close but may vary depending on credit, down payment, and loan type.
The bank emphasizes experienced mortgage loan officers to help navigate the process, with competitive offers versus national averages hovering around 6.15% for 30-year fixed loans.

Rates & Requirements

Credit score: 620 (580 for FHA), down payment: 3%
30-Year Fixed Rate: Around 6.00% with APR about 6.08%
15-Year Fixed Rate: Around 5.49% with APR about 5.59%

Pros

Very low rates
FHA/VA specialists

Cons

No app support
Few renovation options

Procedures

Digital application → upload documents → underwriting → online closing (no mobile app)

If you meant a different “First Federal Bank” outside the U.S., such as in India, the interest rates are higher and start generally above 8.3% per annum for home loans.

11. Truist Bank (SunTrust)

Truist combines strong customer service with flexible loan products. It’s a dependable choice for borrowers seeking construction or permanent financing, though its rates aren’t always the lowest.

Truist also offers special mortgage programs such as the Doctor Loan for medical professionals and High Cost Home Financing for buyers in expensive areas. They provide options with down payments as low as 3%, aligned with HomeReady and Home Possible programs.

Rates

30-Year Fixed Rate: 6.30% with about 0.934 points
30-Year Fixed FHA: 6.00% with about 0.606 points
30-Year Jumbo Loan: 7.25% with about 0.966 points
15-Year Fixed Rate: 5.25% with about 0.820 points

Requirements

FICO: 620+, down payment: 3–20%

Pros

Great service reputation
Construction-to-permanent loans

Cons

Not ideal for jumbo borrowers
Limited online preapprovals

The bank has a strong digital application process with physical branches mainly in the Northeast and South. Truist’s average origination fee is around $2,521. Your specific rate may vary based on credit score, loan amount, locality, and qualifications like recurring payment discounts or relationship incentives.

12. TD Bank

TD Bank serves mostly East Coast customers, offering renovation and construction loans rarely found elsewhere. Borrowers enjoy flexibility and local service, but coverage outside the Northeast is limited.

The posted fixed mortgage rates for longer terms (6-year to 10-year fixed) range from about 6.09% to 6.80%.

Rates

3-year fixed closed mortgage: 4.44% (APR 4.475%)
5-year fixed closed mortgage: 4.69% (APR 4.711%)
5-year variable closed mortgage: 4.49% (APR 4.511%)

Requirements

FICO: 640+, down payment: 3%+

Pros

Strong loan variety
Good regional presence

Cons

Requires in-person closing
Not nationwide

13. Flagstar Bank Mortgage

Flagstar Bank caters to both conventional and specialized borrowers, offering a wide variety of loan types including FHA, VA, USDA, jumbo, construction, renovation, ITIN, manufactured homes, and professional loans. Its focus on flexibility and digital tools makes it appealing to first-time buyers, underserved markets, and niche segments like doctors and lawyers.

Mortgage Interest Rates & Loan Options

30-Year Fixed Conventional: Around 6.20%–6.40%
30-Year Fixed Jumbo: Custom, typically 0.25%–0.50% higher for loans above $766,550 (up to $3M+)
30-Year FHA Loan: Approximately 5.90%–6.40%, 3.5% down if credit ≥580
30-Year VA Loan: About 5.80%–6.30%, 0% down for eligible veterans
30-Year Fixed (Destination Home Mortgage®): 0% down in select areas, no PMI, credit ≥600

Other Rate Options:

15-Year Fixed: Around 5.43%
5/1 ARM: Approximately 6.35%

Requirements

Credit Score: 620+ for conventional/FHA/VA, 680+ for jumbo, as low as 600 for select programs
Down Payment: 3% conventional (gifts allowed), 3.5% FHA, 0% VA/USDA, 10–20%+ jumbo
Debt-to-Income Ratio: Up to 50% (flexible for strong credit)
Rates update daily; can be locked 30–90 days

Pros

Extensive product menu including niche options for first responders and professionals
Generous down payment assistance programs: Flagstar Gift, Power Up, and state programs up to $15,000 (no repayment, stackable)
0% down in select census tracts with Destination Home Mortgage®
Fast, largely digital process with MyLoans portal
400+ branches in 9 states for in-person support
Strong origination satisfaction for first-time buyers and underserved borrowers

Cons

Mortgage interest rates often slightly higher than online-only lenders
Average closing costs ~$8,073, above some competitors
Public rates not fully disclosed; ZIP and credit estimate required for quotes
Assistance programs limited to select markets
Servicing reviews are mixed, with loans frequently sold after closing

How to Apply – Step by Step

Digital or in-person closing: eSign most documents; remote online notary available.
Get personalized mortgage interest rates instantly (no credit pull): Visit Flagstar Rate Tool → Enter ZIP, home price, down payment, and credit range.
Prequalify online: Click “Apply Now” → Short form (no SSN required) → Instant prequalification letter.
Talk to a Loan Advisor & lock rate: Call 855-372-5626 (Mon–Fri 8am–9pm, Sat 9am–6pm ET) → Soft pull → Lock rate free for 30–90 days.
Submit full application via MyLoans portal: Upload W-2s, pay stubs, and bank statements → e-sign digitally.
Receive preapproval letter: Underwriter reviews → Strong 90-day letter in 1–3 days.
Find home & submit offer: Use preapproval and down payment assistance eligibility.
Appraisal & final underwriting: Flagstar orders appraisal (~$500) → Close in 25–45 days.

Ready? Start rates here: https://www.flagstar.com/personal/borrow/home-loans/mortgage-rates.html Or call a Home Loan Advisor: 855-372-5626

14. Fifth Third Bank

Fifth Third focuses on accessible financing and assistance programs, particularly for first-time homebuyers. It’s user-friendly but has limited national coverage and tighter requirements for self-employed borrowers.

Purchase Home Loans: Starting rates around 6.75% APR for loan amounts between $10,000 and $250,000 with terms of 10 to 20 years.

Home Equity Loan: Starting APR around 6.99% for loans between $10,000 and $500,000 with 10 to 30-year terms.
Refinance loans: Rates generally close to purchase loan rates but vary with credit profile and loan specifics.

Fifth Third Bank offers a Rate Drop Protector program allowing borrowers to lock in a rate and refinance later if rates drop, waiving lender closing costs on the refinance up to $1,295.

Rates

30-Year Fixed: 6.18% (APR 6.33%)

Requirements

FICO: 620+, down payment: 3%+

Pros

Down payment aid programs
Good mobile tools

Cons

Regional limitations
Stricter underwriting for self-employed

Borrowers can apply online and will need to provide typical documents such as income verification (W-2s, bank statements) and complete underwriting.

The bank offers discounts such as a 0.25% interest rate reduction when enrolling in autopay. They serve borrowers with credit scores as low as 600 and down payments starting at 3% for conventional loans.

Fifth Third is recognized for combining competitive mortgage rates with low total loan costs, especially for refinancing.

Common Mortgage Fees (Across U.S. Banks)

Fee Type	Typical Range	Purpose
Application Fee	$300–$500	Loan application processing
Origination Fee	0.5–1%	Lender setup cost
Appraisal Fee	$400–$700	Property valuation
Credit Report	$25–$50	Credit pull
Underwriting Fee	$400–$600	Loan risk review
Title Services	$500–$1,500	Title search & insurance
Recording Fee	$50–$250	Deed registration
Escrow Deposit	Varies	Prepaid taxes/insurance

Market Data

Average 30-Year Fixed: 6.19%
Rates are slightly down from early 2025, improving affordability.
Refinancing activity and homebuyer competition are both rising.

Borrower Tips

✅ Compare APR (includes fees) rather than just rates
✅ Ask about rate locks, prepayment penalties, and points
✅ Shop with 3–5 lenders for best pricing
✅ Use prequalification tools before a hard pull
✅ Keep credit stable through the loan process

Conclusion

Choosing a home loan in the USA today requires careful consideration of the prevailing interest rates, which are moderately higher than historical lows but stable after recent Federal Reserve moves. Opting for a fixed-rate mortgage around the current average of 6.1% provides stability amid fluctuating market expectations, while adjustable-rate options may offer initial savings with added risk.

Borrowers should focus on improving credit scores and comparing multiple lenders to secure the most competitive rates. Ultimately, understanding how United States mortgage rates influence monthly payments and total loan cost is essential to making a sound financial decision when financing a home purchase.