Auto & equipment loans
New, used or refinance, with the total cost spelled out in full
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Personal
Mortgages
From 3% down, with the rate and the closing costs set out before you sign
Overview
An HBI mortgage runs over 15 or 30 years at a fixed rate, or as an adjustable-rate loan fixed for the first five, seven or ten years. First-time buyers can qualify with as little as 3% down.
We show the closing costs alongside the monthly payment, because those are the numbers that catch buyers out. Your Loan Estimate shows the full cost of taking the loan, not only the payment.
Why HBI
Banking that says the price first
Every HBI personal product is built the same way: one published fee, one published rate range, and the conditions written on the page rather than in a footnote. You should be able to work out what something costs before you speak to anyone.
When your circumstances change, the product should change with you. Moving between account tiers is free, paying off credit early carries no penalty, and we write to you before a fee that affects you changes.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- 15- and 30-year fixed rates, and 5/6, 7/6 and 10/6 adjustable-rate mortgages
- Conventional, FHA, VA and jumbo loans
- Construction loans paid in stages against an inspector’s progress report
- Refinancing, including cash-out, with the break-even point shown in months
- Home equity lines of credit against the equity you have built
- Annual statement showing principal repaid, interest paid and your escrow account
What you need to qualify
- Two years of income history, documented with W-2s or tax returns
- Property in the United States, appraised by an independent licensed appraiser
- Credit review and an ability-to-repay assessment
- Homeowners insurance, which may be arranged through any insurer
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Pricing
Fees & rates
Published here, and the same figure you will see in your quotation.
| Cost | Amount | Paid to |
|---|---|---|
| Origination fee | $1,195 | HBI Group |
| Appraisal | ≈ $600 | Independent appraiser |
| Title insurance and settlement | ≈ $2,400 | Title company |
| Recording fees and transfer taxes | Varies by state | County and state |
| Prepaid interest, taxes and insurance | ≈ $3,800 | Escrow account |
Fees and rates are reviewed annually and published at least 30 days before any change takes effect. Terms and conditions apply.
Calculator
Work out the repayment first
Change the amount, the term or the rate and the three figures update as you type.
How it works
Three steps, start to finish
What happens, in what order, and roughly how long each part takes.
Get pre-approved
A 48-hour review gives you a letter valid for 90 days, so you know your budget before you shop.
Make your offer
Once your purchase agreement is signed, send it to us. We issue your Loan Estimate within three business days and order the appraisal.
Underwriting and closing
We underwrite the loan, you receive the Closing Disclosure at least three business days before closing, and the loan funds at the closing table.
Good to know
How we look after you
Three commitments that apply to every personal product, this one included.
Thirty days’ notice of any fee change
Fees are reviewed once a year. We publish changes at least thirty days ahead and write to you directly when a change affects a product you hold.
Your deposits are protected
Deposits are insured by the FDIC up to $250,000 per depositor, per ownership category. Coverage is automatic and costs you nothing.
A complaint goes to a person
Tell us first and a named case handler replies within two business days. If we have not resolved it in twenty, you can submit a complaint to the Consumer Financial Protection Bureau at no cost.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
First-time buyers can qualify with 3% down on a conventional loan or 3.5% on an FHA loan. Putting down less than 20% on a conventional loan means paying private mortgage insurance until you reach 20% equity.
A fixed rate never changes. An adjustable rate usually starts lower and can move after the initial period. We quote both and show you the payment difference so you can decide on the numbers.
An account we hold to pay your property taxes and homeowners insurance. A portion of each monthly payment goes into it, and we review it once a year and tell you if the amount changes.
Typically 30 to 45 days from a signed purchase agreement, depending on the appraisal and how quickly documents come back.
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Personal
Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.