Equitable Portfolio Rates

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Portfolio Mortgage Rates

Benefits of a loan from The Equitable Bank:

  • Loan amounts up to $1,000,000 with 20% down
  • Lower down payments available; call for specific details
  • With in-house processing, underwriting and closing we can provide you with a quick approval and closing
  • Local Servicing
  • Can be used for JUMBO & constructions
 

3 Year ARM

5 Year ARM

7 Year ARM

Portfolio

 Rates

5.875% 
7.679% APR1

5.875%
 7.350% APR2

6.500%
 7.408% APR3

View Conventional Mortgage Rates

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Portfolio Loans: Annual Percentage Rate (APR) is approximate. *All payments assume a $250,000 price and value with a $50,000 down payment and a $200,000 mortgage. Payment does not include amounts for taxes and insurance premiums and the actual payment obligation may be greater. Other rates and programs available. All rates subject to change without notice.

3 Year ARM Loans: Payments with an APR of 7.679% for purchase are $1,183.08 for the initial 36 months. After the initial fixed rate period ends, the payment will be $1,431.96 for 6 months based on a rate of 7.875%. Then, the payment will be $1,480.28 and is based on a fully indexed rate of 8.250% that may be in effect for the remaining 318 payments, and can change once every six months for the remaining life of the loan.

5 Year ARM Loans: Payments with an APR of 7.350% for purchase are $1,183.08 for the initial 60 months. After the initial fixed rate period ends, the payment will be $1,418.82 for 6 months based on a rate of 7.875%. Then, the payment will be $1,464.52 and is based on a fully indexed rate of 8.250% that may be in effect for the remaining 294 payments, and can change once every six months for the remaining life of the loan.

7 Year ARM Loans: Payments with an APR of 7.408% for purchase are $1,264.14 for the initial 84 months. After the initial fixed rate period ends, the payment will be $1,464.20 and is based on a fully indexed rate of 8.250% that may be in effect for the remaining 276 payments, and can change once every six months for the remaining life of the loan.

All ARM loans - After the initial fixed-rate term ends, payments will have a variable interest rate and the payment may adjust biannually and will equal the total of the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1-year plus a margin of 3.50%, rounded to the nearest 1/8th. As of 12/06/22, the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1-year was 4.73%. The index is published weekly in Federal Reserve Board Publication H15. Your interest rate cannot increase more than 2% at the first change and not more than 1% every six months thereafter with a maximum lifetime rate increase of 6% above the initial interest rate. Rate accurate as of 12/06/22.

 

 

 

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