Looking for today's mortgage rates?
Rates are changing quickly, call us at (800) 929-3079 for the most current rates.
This Rate and APR information is based on a rate & term refinance of a $350,000 loan on an owner-occupied property with a 60% LTV, a credit score of 720, and 1.116 discount point. Loans for other purposes, higher LTV ratio, lower credit score may be subject to a higher Rate and APR.
Rate as of 1/21/21 12:00 PM ET
Sprout Mortgage is one of the leading mortgage lenders in the country. Whether you’re a first-time homebuyer or you’ve purchased a home in the past, we’re ready to help you!
When it comes to purchasing a home, the mortgage lending professionals at Sprout are at your service every step of the way. Your Loan Advisor will guide you through the entire loan process, starting with determining how much you’re qualified to borrow and assisting you in choosing the loan that best meets your financial goals. Sprout’s automated loan technology gives our Loan Advisors the ability to instantly and accurately find the mortgage products and rates that work best for each homebuyer’s unique scenario. Once you find a home and your offer has been accepted, we’ll work hard to make the process as straightforward as possible.
Just starting to look for a home? Call us to get pre-qualified and know exactly how much home you can afford.
The 30-year fixed is one of the most popular mortgage loan options. Since a 30-year loan is paid over a longer term than a 15-year loan, the monthly payments are more affordable.
Lower monthly payments than a 15-year fixed.
A great option for first-time homebuyers who are easing into homeownership and want lower monthly payments over time.
In a low interest rate environment many people choose to switch from a variable-rate loan to the security of a fixed-rate loan.
Your mortgage payments will be the same every month for the life of the loan (not including other payments such as property taxes, homeowner’s insurance costs, or association fees).
Choose the 15-year fixed rate mortgage option if you’d like to pay your loan off sooner (make 180 payments over the life of the loan, vs. 360 payments with a 30-year fixed rate mortgage).
Lower interest rate than a 30-year fixed rate mortgage.
Pay less interest over the life of the loan.
Build home equity faster: With its lower interest rate and slightly higher payment amount than a 30-year loan, you can potentially build equity faster because you’re paying down the principal balance quicker.
Ideal for retirement planning: If you plan on retiring in less than 30 years, paying off your mortgage in 15 years could eliminate your monthly mortgage payment by the time you retire.
Whether you’re a small business owner, yoga instructor, seasonal employee, freelancer/contract employee, or investor, Sprout can help you get a mortgage!
This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.