Find the Right Mortgage Loan
Protect your mortgage rate while you shop
Why wait to lock in a great rate? With Lock & Shop, you can secure a discounted mortgage rate for up to 90 days before you find a home, giving you an edge in a competitive market.
- Discounted rates
- Up to 90 days of rate protection
- Expert guidance from start to finish
Great rates, lower costs, and local experts
A great mortgage is about more than the interest rate. Our local lending team helps you save with competitive rates, lower closing costs, and no origination, processing, or credit report fees, so more of your money goes toward your new home. With a SELCO mortgage you always get:
- Competitive mortgage rates
- Lower closing costs
- No origination or processing fees
Current Mortgage Rates
| Product Type | Rate | APR |
|---|---|---|
| 15 Year Fixed (Conforming) | 6.000 % | 6.107 % |
| 30 Year Fixed Conventional | 6.625 % | 6.659 % |
| 30 Year FHA | 5.750 % | 6.509 % |
| 30 Year VA | 5.875 % | 5.987 % |
| 30 Year USDA Rural Home Purchase | 5.875 % | 6.234 % |
| 30 Year Conventional Manufactured Home (no homes on rented land) | 6.875 % | 6.987 % |
| 30 Year FHA Manufactured Home (no homes on rented land) | 5.875 % | 6.712 % |
| 30 Year VA Manufactured Home (no homes on rented land) | 6.125 % | 6.407 % |
Lowest annual percentage rates shown. APR is based on individual credit qualifications and may be higher.
15-year home loan payment example: On a loan for $400,000 at 6.557% APR for 180 months (15 years), borrower would make 180 payments of $3,638.
30 year home loan payment example: On a loan for $400,000 at 7.186% APR for 360 months (30 years), borrower would make 360 payments of $2,712.
Determine how much home you can afford
Understanding your home buying budget is an important first step in the mortgage process. Our Loan Officers can help you evaluate monthly mortgage payments, down payment requirements, interest rates, and available loan options to find the right fit.
I would tell others how easy and straightforward the whole application process is and how amazing Kari is at making everything a breeze to get through! My family and I were originally very worried about how difficult this whole process would be, but she quelled those fears by making everything as easy as possible!
First-time home buyer guidance
Buying your first home is a big milestone, and we're here to help make the process easier. Explore our free resources designed for first-time home buyers, including mortgage calculators, homebuying FAQs, and articles on topics like pre-approval, down payments, closing costs, and monthly payments.
Resources
First-Time Homebuyer? Get to Know Homeowners Insurance
Once you buy your new home, it's time to get to know the ins and outs of homeowners insurance to protect your investment.
Demystifying Mortgage Terms, Part I
Understand common mortgage terms like loan-to-value (LTV) ratio, appraisal vs. inspection to feel more confident when buying a home.
Organizing Your Household Finances
Whether it’s in a bulky metal filing cabinet or secure folders on your computer, an organizing system for your financials can make all the difference.
Buying Your First Home: A Realistic Guide
Buying a home at any point can feel intimidating. This guide can help you consider whether it's the right time to buy your first home.