The rates shown here assume a loan size of $350,000 for a primary occupancy single family home in CA, a downpayment of 20%, and a credit score of 720 or higher. Monthly payments do not include property taxes and insurance.
These rates are valid as of Sep 20, 2018 @ 5:55 AM UTC.
Cost is additional money paid at closing that may lower the rate for the life of the loan. These costs are also known as “points”. Typically, a one-point fee is equivalent to one percent of the loan amount.
Credits result in higher rate for the life of the loan in order to receive credit to help cover closing costs. Credits cannot exceed closing costs.
Buying a home can be hard work—financing it doesn't have to be. Laurel Road offers mortgages that match your preferences with upfront rates and the information you need to make the right decisions.Get Started
Laurel Road Bank is a Connecticut state-chartered bank offering products in all 50 U.S. states, Washington, D.C. and Puerto Rico. Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each.
Laurel Road is a trade name licensed by Laurel Road Bank. Laurel Road is a federally registered service mark of Laurel Road Bank. Laurel Road Bank is an Equal Housing Lender, Member FDIC. NMLS ID # 402942.
By gathering the most recent comparable sales that are most similar to the subject property both in square footage, style and location.
Yes, Laurel Road is a direct lender, which means we support borrowers throughout the entire loan process and provide funds at closing.
The home inspection is an evaluation of the condition of the property, while the appraisal is an evaluation of the value of the property.
Laurel Road does service mortgages, but reserves the right to transfer the servicing of your loan after closing. If we sell your loan, we will notify you of your new servicing lender before your first payment is due.
You will be provided with payment instructions in the closing package.
*The advertised payment amounts and rates are based on a $300,000 loan. Advertised payments do not include taxes or insurance. Your actual payments will be greater. Assumes Primary Occupancy, Purchase, 80 LTV, 720 or higher FICO score.
†The Annual Percentage Rate (APR) is for informational purposes only and is subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, credit score, loan to value, refinance with cash out, state specific fees, and other variables.
‡Adjustable rate mortgage (ARM) interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM). ARM rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period: ARMs assume a 30-year term. For more information on ARMS please click here.
Laurel Road Bank offers up to $1000.00 in lender’s credit towards mortgage closing costs for customers with an existing lending relationship. A $350 credit will be applied at application. Up to $650 can be earned as a Reward. Credits cannot exceed applicant’s actual costs to close.
If you have questions or concerns regarding the Existing Customer Offer, please call at 877-801-4686 or email email@example.com.
Laurel Road Bank offers applicants the opportunity to participate in a reward-based program (the “Rewards Program”) throughout the mortgage loan application process. Through the Rewards Program, applicants may have the opportunity to accrue points that will be redeemable and applied towards costs at closing.
The accrued points are earned by choosing certain specified options to complete the mortgage loan application process. The most cost effective and efficient tasks lead to the greatest amount of points. When you close your mortgage, the total amount of points earned are awarded and then converted into a lender credit. The dollar amount of the lender credit is then applied toward eligible non-recurring closing costs or disclosed fees.
Your participation in the Rewards Program is voluntary, and is expressly conditioned on compliance with the Program Rules and with all present and future Program Rules, terms, regulations, policies, and procedures that Laurel Road may, in its discretion, adopt from time to time.
ACCRUING POINTS AND/OR CHOOSING CERTAIN SPECIFIED OPTIONS TO COMPLETE THE MORTGAGE APPLICATION PROCESS DOES NOT AFFECT THE REVIEW OF THE BORROWER’S MORTGAGE APPLICATION, LAUREL ROAD’S ULTIMATE DECISION REGARDING THE BORROWER’S MORTGAGE APPLICATION, OR ANY TERM OF A LOAN OFFERED BY LAUREL ROAD OTHER THAN A REDUCTION OF NON-RECURRING CLOSING COSTS OR DISCLOSED FEES.
If you have questions or concerns regarding rewards, please call at 877-801-4686 or email firstname.lastname@example.org.
MORTGAGE TERMS AND CONDITIONS
Laurel Road Bank is an Equal Housing Lender and complies with the Federal Fair Housing Act. Laurel Road Bank does not engage in business practices that discriminate on the basis of race, color, national origin, religion, sex, disability, marital status or family status (including having children under the age of 18 and pregnant women). Laurel Road Bank also does not discriminate because all or part of your income may be derived from a public assistance program or because you have in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that monitors Laurel Road Bank’s compliance with the Federal Fair Housing Act is the Federal Deposit Insurance Corporation.
Laurel Road Bank loans are originated by Laurel Road Bank, NMLS #402942.