Union Bank Mortgage Loan Interest Rates for 2024
Union Bank Mortgage Rates Overview
Union Bank is a reputable lender offering competitive mortgage rates. As of January 2023, Union Bank's mortgage rates are in line with industry averages.
The actual interest rate you qualify for will depend on various factors, including your credit score, debt-to-income ratio, and loan-to-value ratio.
Fixed-Rate Mortgages
Fixed-rate mortgages offer stability as the interest rate remains the same throughout the loan term. Union Bank offers fixed-rate mortgages with terms ranging from 10 to 30 years.
As of January 2023, Union Bank's fixed-rate mortgage rates start at 5.25% for a 30-year loan and 4.75% for a 15-year loan.
Adjustable-Rate Mortgages (ARMs)
ARMs offer lower initial interest rates that may adjust up or down over the loan term. Union Bank offers ARMs with fixed periods of 5, 7, or 10 years, after which the interest rate adjusts annually.
As of January 2023, Union Bank's ARM rates start at 4.50% for a 5/1 ARM and 4.75% for a 7/1 ARM.
Mortgage Loan Fees
In addition to the interest rate, you'll also need to consider mortgage loan fees. Union Bank's loan fees vary depending on the loan amount and type, but typically include:
- Application fee
- Origination fee
- Appraisal fee
- Credit report fee
- Title insurance
How to Apply for a Mortgage Loan
To apply for a mortgage loan with Union Bank, you can:
- Visit a Union Bank branch
- Call Union Bank's mortgage hotline
- Apply online at Union Bank's website
You will need to provide documentation such as your income, assets, and credit history.
Contact Union Bank
For more information about Union Bank's mortgage loans, you can contact them at:
- Website: www.unionbank.com
- Phone: 1-800-222-2265
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