PNC Bank Mortgage Rates and Review(s)

PNC Bank, based out of Pennsylvania, is one of the largest banks in the US. It has almost $85 million in deposits and roughly 1,157 offices throughout the country. PNC bank also offers a wide range of mortgage, home loan and refinancing products to their customers. They have fixed rate mortgages with 10, 15, 20 and 30 year terms as well as adjustable rate mortgages (ARMs), FHA loans, interest only mortgages, VA loans and jumbo mortgages. The APR’s on their fixed and adjustable rate mortgages currently sit below the national average. They have 2,400 branches and almost 6,500 ATMs in 15 states as well as the District of Columbia.

Current Mortgage Rates offered through PNC Bank:

(Rates accurate as of 8/27/2010) Visit their mortgage center here for updated rates.

Fixed Rate Mortgages:

- 10 year fixed rate mortgage going for between 3.912% APR and 4.024% APR depending on credit history.

- 15 year fixed rate mortgage going for between 3.992% APR and 4.306% APR depending on credit history.

- 20 year fixed rate mortgage going for between 4.430% APR and 4.808% APR depending on credit history.

- 30 year fixed rate mortgage going for between 4.453% APR and 4.815% APR depending on credit history.

Interest Only Mortgages:

- 3/1 interest only ARM going for between 3.306% APR and 4.368% APR depending on credit history.

- 5/1 interest only ARM going for between 3.351% APR and 4.514% APR depending on credit history.

- 7/1 interest only ARM going for between 3.484% APR and 3.756% APR depending on credit history.

- 10/1 interest only ARM going for between 3.981% APR and 4.489% APR depending on credit history.

Adjustable Rate Loans:

- 7/1 ARM going for between 3.420% APR and 3.737% APR depending on credit history.

- 10/1 ARM going for between 3.930% APR and 4.448% APR depending on credit history.

FHA Mortgages:

Contact for current rates. Benefits include:

• Higher maximum loan amounts
• Flexible credit and income requirements
• Ability to borrow up to 95% the value of your home

Jumbo Mortgages from PNC are offered to those looking for a loan greater than $417,000.

Above Loan Quote Assumptions:

Rates and payments quoted above are based on loans secured by property in the state of Ohio. Rates and payments, closing costs and points vary by property location, loan type and individual borrower credit and income characteristics. All rate quotes above are based on the following assumptions and are subject to change without notice:

• Purchase or rate and term refinance of a primary residence
• Property is a one unit single family dwelling
• Closing costs are paid out of pocket
• Debt-to-income ratio is below 40%
• Credit score is greater than 720
• Rates are valid for 45 day locks
• Loan-to-value ratio is less than 75%
• Up to 1 point of origination is charged. In addition to the origination discount points may also be charged
• You do not have a second mortgage

Recent Mortgage Reviews:

Nationwide Bank mortgage rates and reviews: featuring APRs under 5% as of 8/2010

Sovereign Bank mortgage rates and reviews: featuring APRs below the current national average (as of 8/2010)

Sovereign Bank Mortgage Rates and Review(s)

Sovereign Bank, based out of Pennsylvania, is currently offering mortgage rates and home loan refinance rates with APR’s below the national average. They have a wide range of home loan products – offering fixed rate mortgages, adjustable rate mortgages, FHA/VA mortgages, construction loans and reverse mortgages (to name a few). Their 30 year and 15 year fixed rate home loans both come with APR’s below 5.0%.

Sovereign Bank is one of the largest banks in the United States. They have nearly $50 million in deposits and just under 750 offices throughout the country.

Sovereign Bank’s Recent History:

Sovereign expanded into New England in 2000, and the New York area in 2006. The expansion into New England included approximately $12 billion in deposits, $8.1 billion in loans, 281 branches, and 550 ATMs from FleetBoston Financial, which was the largest branch acquisition in banking history. Today, Sovereign offers more than 750 branches and 2,300 ATMs from Maine to Maryland.

Mortgage Rates offered through Sovereign Bank:

(rates accurate as of 8/25/2010, visit their mortgage page for updated rates)

- 30 year fixed rate mortgage with interest rates ranging from 3.75% to 4.375% on home loans less than or equal to $417,000 and depending on point structure.

- 15 year fixed rate mortgage with interest rates ranging from 3.25% to 3.875% on home loans less than or equal to $417,000 and depending on point structure.

Sovereign Bank Mortgage Benefits and Features:

• Online mortgage tools and planning
• Low down payment loans
• Reverse Mortgages
• Loans for as little as $15,000
• FHA/VA mortgages
• Pre-qualifications
• Fast approvals
• Zero points
• Construction loans
• Flexible terms available

Terms and Conditions:

Rates are subject to the borrower meeting minimum credit score and loan-to-value requirements.Sovereign Bank offers a diverse menu of conventional, jumbo, FHA/VA, fixed and adjustable rate mortgage products. The above rates are limited to properties located in Pennsylvania, New Jersey, New York, Delaware, Massachusetts, Connecticut, New Hampshire, and Rhode Island.

APRs are calculated assuming a property located in Massachusetts with a 30% down payment. It is also assumed that the loan is closing on the last day of the month. Based on a $100,000 mortgage loan of 30 or 15 years with a corresponding APR of 8.00% or 7.50%, you would make either 360 or 180 monthly payments of $733.76 or $927.01, respectively.

Recent Mortgage Reviews:

Vision Bank mortgage rates and reviews – featuring APR’s under 5% as of 8/2010

Fifth Third Bank mortgage rates and reviews – featuring APR’s below the national average

Fifth Third Bank Mortgage Rates and Review

Fifth Third Bank is based out fo Cincinnati, Ohio but operates in several states ranging from the Midwest to the southeast. You can find bank branches in Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, Tennessee, and West Virginia. Within these states Fifth Third operates 16 affiliates with over 1,309 full service locations. If you are in the market for any type of home loan Fifth Third can, more than likely, provide you with the exact type of loan you’ll need. They provide consumers with fixed rate mortgages, adjustable rate mortgages, jumbo loans, FHA loans, VA loans, construction and/or lot loans as well as interest only loans.

Current Mortgage Rates offered through Fifth Third Bank:

- Fixed 30 year conforming loan with 0.875 points and APRs as low as 4.399%.

- Fixed 30 year conforming (10 year interest only) loan with 0.625 points and APRs as low as 5.259%.

- Fixed 20 year conforming loan with 0.25 points and APRs as low as 4.303%.

- Fixed 15 year conforming loan with 0.75 points and APRs as low as 3.874%.

- Fixed 10 year conforming loan with 0.75 points and APRs as low as 3.874%.

- 3/1 ARM (10 year interest only) loan with 0.25 points and APRs as low as 3.32%.

- 10/1 ARM (10 year interest only) loan with 0.75 points and APRs as low as 4.105%.

- Please note that the interest rates listed above are time sensitive in nature. Please refer to the date of this article for accuracy. The above rates assume a 20% down payment on a $140,00 loan and are subject to change based on credit history. For updated mortgage rates and to review their terms and conditions you can visit their mortgage center here.

If you are in the market for savings products, check out Fifth Third Bank’s CD rates and promotions.