Mortgage Rates Update: 30-Year FHA Home Loans and VA Mortgage Rates at …

US loan originator, KeyBank is headquartered in Cleveland, Ohio and it’s operated by KeyCorp (NYSE: KEY), a bank holding company. The financial institution provides conventional and non-conventional mortgage loans for potential borrowers. The mortgage interest rates listed below are updated for November 3, 2014.

Take note, that the home loan conditions demand that a borrower must have a strong credit score and pay origination fees amounting to 1.00% of the total loan value to the lender. Also, the loan to property value ratio must not exceed 80%.

The bank’s popular fixed rate conventional loans include the 30-year FRM, which is currently up for grabs at an interest cost equivalent to 4.090% on Wednesday. According to the updated mortgage information, the loan features 4.139% by way of annual percentage rate (APR). KeyBank’s 15-year fixed alternative is another possible option for borrowers and on Monday it’s quoted at a rate of 3.400%. The loan’s corresponding APR stands at 3.488%.

Customers, who need more flexibility in terms of interest rates may want to use the bank’s adjustable rate mortgage (ARM) options. These come with a fixed interest rate period then the rate is adjusted depending on prevailing interest rates at the reset schedule for the rest of the loan’s duration.

Switching to more flexible home loans, the 10/1 adjustable rate mortgage is offered at a rate of 3.590% and it bears an APR variable of 3.312%. Those looking to take on the 7/1 ARM alternative, can expect to pay 3.250% in interest. The loan’s APR remained firm at 3.029%, according to the latest data. With regards to additional ARM mortgages, the 5/1 adjustable rate loan may garner some interest rate from borrowers, as it’s listed at a rate of 3.040%, whilst the APR stands at 2.899%.

Turning attention to federally backed loan offerings, the benchmark 30-year fixed FHA loan is available at a rate of 3.875%, and it comes with an APR variable of 3.948%. A shorter-term FHA-backed mortgage, the 15-year FHA loan, is up for grabs at an interest cost equivalent to 3.250%. The loan’s APR is quoted at 3.418%, according to KeyBank’s mortgage information.

At this financial institution, interested borrowers can find several VA loans as well. In the beginning of the week, the 30-year fixed VA mortgage loan plans are starting at 3.875%. As far as the loan’s APR is concerned, it’s quoted at 3.946%. The 15-year VA mortgage has a daily low rate at 3.250% on Monday. This type of mortgage loan comes with an APR variable of 3.413%, according to the latest mortgage information.

The interest rate quotes given are liable to change without notice and can vary when the loan is approved or the funds are disbursed. The annual percentage rate calculations were made using closing costs and discount points, assuming that the borrower will conform to the loan conditions, including lock-in periods.

For more details on KeyBank’s current mortgage rates, as well as information on borrowing terms and conditions, please head over to the bank’s website.