Residential Mortgages
Purchasing a home is one of the biggest decisions you'll make in life. Turn to our experienced mortgage lenders to help simplify things.
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Whether you're looking to purchase your first home, refinance, or upgrade to a bigger house, Brentwood Bank has you covered.
Features:
- Fast, flexible decision making
- Up to 30-year term
- Locked-in rate at time of application
- Competitive fixed and adjustable rates
- Convenient automatic payment options
- Escrow accounts to spread property taxes over 12 monthly payments
Rates
| Term | Interest Rate | Points | Monthly Payment | APR* |
|---|---|---|---|---|
| Term30 Year | Interest Rate3.000% | Points+1 | Monthly Payment$421.60 | APR*3.14% |
| Term30 Year | Interest Rate3.125% | Points+0 | Monthly Payment$428.38 | APR*3.19% |
| Term25 Year | Interest Rate3.000% | Points+1 | Monthly Payment$474.21 | APR*3.16% |
| Term25 Year | Interest Rate3.125% | Points+0 | Monthly Payment$480.74 | APR*3.20% |
| Term20 Year | Interest Rate2.750% | Points+1 | Monthly Payment$542.17 | APR*2.95% |
| Term20 Year | Interest Rate2.875% | Points+0 | Monthly Payment$548.36 | APR*2.96% |
| Term15 Year | Interest Rate2.625% | Points+1 | Monthly Payment$672.69 | APR*2.88% |
| Term15 Year | Interest Rate2.750% | Points+0 | Monthly Payment$678.62 | APR*2.86% |
| First Payment Term | Initial Rate | APR* | Points | Remaining Term Annual Adjustment |
|---|---|---|---|---|
| First Payment Term1 Year | Initial Rate2.250% | APR*2.890% | Points0 | Remaining Term Annual AdjustmentIndex + 2.75* |
| First Payment Term3 Year | Initial Rate2.500% | APR*2.860% | Points0 | Remaining Term Annual AdjustmentIndex + 2.75* |
| First Payment Term5 Year | Initial Rate2.625% | APR*2.860% | Points0 | Remaining Term Annual AdjustmentIndex + 2.75* |
*APR (Annual Percentage Rate) based on $100,000 loan amount and 15 days prepaid interest with maximum loan to value of 80%. Higher loan to values will require private mortgage insurance.
Above rates are for the purchase or refinance of first lien, owner occupied residential property in Brentwood Bank market areas. All applications are subject to approval under Brentwood Bank’s underwriting guidelines and collateral requirements.
The index on which your rate will adjust is the weekly average yield on US Treasury Securities adjusted to a constant maturity of 1 year as made available by the Federal Reserve Board.
The index value as of 03/15/2021 is 0.09%.
Above rates are not available for the refinance or modification of an existing Brentwood Bank loan or mortgage.
Consult with a tax advisor to determine whether the interest you pay is tax deductible.
Mortgages over $548,250 call for rate.
Above rates are for the purchase or refinance of first lien, owner occupied residential property in Brentwood Bank market areas. All applications are subject to approval under Brentwood Bank’s underwriting guidelines and collateral requirements.
The index on which your rate will adjust is the weekly average yield on US Treasury Securities adjusted to a constant maturity of 1 year as made available by the Federal Reserve Board.
The index value as of 03/15/2021 is 0.09%.
Above rates are not available for the refinance or modification of an existing Brentwood Bank loan or mortgage.
Consult with a tax advisor to determine whether the interest you pay is tax deductible.
Mortgages over $548,250 call for rate.
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How To Apply
Our online application process makes it simple.
1
Complete your online application on any device
2
Stay informed throughout the borrowing process
- Our Brentwood Bank lending professionals will walk you through the entire process.
3
Securely upload and eSign documents
Above rates are for the purchase or refinance of first lien, owner occupied residential property in Brentwood Bank market areas. Rates may be adjusted to reflect underwriting risk. All applications are subject to approval under Brentwood Bank’s underwriting guidelines and collateral requirements.
Above rates are not available for the refinance or modification of an existing Brentwood Bank loan or mortgage.
Mortgages over $548,250 call for rate.
Consult with a tax advisor to determine whether the interest you pay is tax deductible.
Payments do not include amounts for taxes and insurance premiums. Your actual payment will be greater.