Bank of the West offers a whole host of options for consumers seeking to obtain a home mortgage to purchase a new home or refinance an existing home loan. Bank of the West covers home loans ranging from conventional fixed rates to FHA/VA mortgages.
Bank of the West is based in San Francisco and operates more than 700 bank branch locations and commercial banking offices in 19 Western and Midwestern states. The bank not only offers mortgage loans but also offers a full range of business, corporate, personal, trust and international banking services.
When it comes to home financing, there are many different options to choose from but the vast majority of home loans being originated in the past six months are comprised of conventional 30 year fixed rate home loans and FHA loans.
Bank of the West offers a variety of repayment terms and loan solutions that include FHA loans as well as conventional fixed rate loans. For those borrowers that want an adjustable rate mortgage, Bank of the West has mortgage loans with different mortgage rate options on these programs. The adjustable rate mortgages offered by the bank generally have a lower initial interest rates compared to the fixed rate mortgages.
The rate on the adjustable rate mortgages may change due to current market conditions but there are interest rate caps that help curb radical rate changes depending on the loan program.
Current mortgage rates and terms offered by Bank of the West include:
30 year fixed rate mortgage at 4.875% with 0.875% points and an APR of 5.034% or a 30 year fixed rate mortgage that is at 5.125% with no points and a 5.208% APR.
15 year fixed rate mortgage at 5.000% with no points and an APR of 5.142%.
For an adjustable rate mortgage, Bank of the West mortgage rate on a 5 year ARM is at 4.500% with no points and a 3.690% APR.
Bank of the West offers numerous other mortgage rates and terms including FHA loans that provide slightly more flexible credit and qualifying standards.
Bank of the West has a program called Relationship Pricing available to qualifying Bank of the West customers which requires applicants to maintain a Bank of the West personal checking account with a debit card and automatic electronic mortgage payments.
The Bank of the West mortgage rates posted are sample rates, the actual interest rate and fees available will be based on the credit history of the applicant and may be different than the rates displayed. Mortgage rates are subject to change and additional conditions may apply.
For current Bank of the West mortgage rates and additional loan information, a Bank of the West mortgage representative can be reached at 800-488-2265. Mortgage applications can be submitted online, via telephone on are at one of the bank branch locations.
Tags: adjustable rate mortgages, Bank of the West, Bank of the West mortgage, Bank of the West mortgage rates, FHA loans, home loans, mortgage, mortgage loans, mortgage rates
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