Real Estate

Rates Effective: January 20, 2017

Rates for our most popular home mortgage products are below and any changes are usually posted by 12:00 p.m. Central Time. However, we recommend using our Loan Consultant to calculate your rate based on your specific circumstances and needs. You can also call us to receive current quotes or for information on options to lock in your interest rate.

When shopping for your mortgage be sure to compare fees as well as interest rate to determine the overall cost of your loan. In many cases you can save more with Hiway even if you find a lower rate elsewhere.

First Mortgage

First MortgagesRateAPR*
(As low as)
30 Year Fixed+
(other terms available)
4.250%
4.369%
Homexpress
  • 10 year fixed rate
  • Low closing costs
4.500%
4.542%

*APR is the Annual Percentage Rate. Rates posted are indications only and may vary based on your individual circumstances and credit history. Rates are subject to change without notice.

+An example of a 30-year fixed rate monthly mortgage payment at the rate quoted above would be $4.92 per $1,000 borrowed. Example calculation is based on a loan amount of $150,000. Payment example does not include taxes or insurance premiums.

Home Equity

Equity Loans – Adjustable RateAPR*
80% Loan to Value (LTV)
APR*
100% Loan to Value (LTV)
Home Equity Line-of-Credit (max. 14% APR)
Introductory rate of 4.000%**
Introductory rate of 5.000%**
1/1 ARM Equity Loan
3.250%
4.250%
3/1 ARM Equity Loan
3.500%
4.500%

Equity Loans – Fixed RateAPR*
80% Loan to Value (LTV)
APR*
100% Loan to Value (LTV)
Homexpress II – 5 Year Fixed
4.250%
5.250%
Homexpress II – 10 Year Fixed
5.000%
6.000%
Homexpress II – 15 Year Fixed
5.750% 
6.750%

*APR is the Annual Percentage Rate. Rates are subject to change without notice.

**Home Equity Line of Credit (HELOC) Introductory Rates as listed above are not based on the index and margin used to make later rate adjustments. You will receive the Introductory Rate for 12 months. This rate will adjust on the 1st day of the calendar quarter following the initial 12 month Introductory Period. The rate will continue to adjust quarterly until it reaches Hiway's current index plus margin rate as described below.

The HELOC is a variable rate product and the Annual Percentage Rate (APR) and payment may change. The rate may adjust on the 1st day of each quarter based on an index plus margin and then rounded to the nearest 0.125%. The rate cannot increase or decrease by more than 0.5% per adjustment. The maximum APR is 14%. The APR does not include costs other than interest. 10 Year Draw Period: Payment will be 1.25% of any outstanding balance as of the last day of the billing cycle or $50, whichever is greater. 5 Year Repayment Period: During the Repayment Period, payments will be due monthly. Your minimum monthly payment will equal the balance that was outstanding at the end of the Draw Period fully amortized over 60 months, but will never be less than $50 or the full amount due. Loan approval is based on credit worthiness.

Index is the weekly average yield on United States Treasury securities adjusted to a constant maturity of one year as listed in the Wall Street Journal. The index as listed on 1/20/2017 was 0.81% added to the margin of 3.750%, the current HELOC rate is 4.500% APR for a LTV up to 80%. The margin for a LTV of 80.01% to 100% is 4.750% resulting in a current rate of 5.500% APR.

+An example of a 15-year fixed rate monthly mortgage payment at the rate quoted above would be $8.17 per $1,000 borrowed.

Home Improvement

Home Improvement LoansAPR* 
5 Year Term
(other terms available)
8.250%
 

*APR is the Annual Percentage Rate. Rates are subject to change without notice.

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