Mortgage Rates
Review current Vermont and New Hampshire mortgage rates. We update our interest rates regularly to give you the most current rates. Should you have any questions about rates or home loan types, our local mortgage experts are always ready to help.
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Revised July 15, 2019
Conventional Saleable Mortgage Loans for Primary & Secondary Residences-Servicing Retained (‡)
Loan type and Term | Rate (%) | Points (%) | APR (%)* | Payment per $1000** |
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30 Year Fixed Rate | 4.000 | 0 | 4.049 | $4.77 |
30 Year Fixed Rate | 3.750 | 1.00 | 3.881 | $4.63 |
30 Year Fixed Rate | 3.500 | 2.00 | 3.712 | $4.49 |
20 Year Fixed Rate | 3.750 | 0 | 3.817 | $5.93 |
15 Year Fixed Rate | 3.375 | 0 | 3.460 | $7.09 |
15 Year Fixed Rate | 3.125 | 1.00 | 3.355 | $6.97 |
15 Year Fixed Rate | 3.000 | 2.00 | 3.376 | $6.91 |
30 Year 3/1 ARM Variable Rate (1) | 5.000 | 0 | 5.111 | $5.37 |
30 Year 5/1 ARM Variable Rate (1) | 4.000 | 0 | 4.724 | $4.77 |
30 Year 7/1 ARM Variable Rate (1) | 4.125 | 0 | 4.464 | $4.85 |
(1) ARM=Adjustable Rate Mortgage, 1 Year US Treasury plus a margin of 2.75% rounded to the nearest 0.125% with a minimum rate of 2.75%.
Saleable Mortgage Loans for Primary & Secondary Residences – Servicing Released
Loan type and Term | Rate (%) | Points (%) | APR (%)* | Payment per $1000** |
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30 Year Fixed Rate Jumbo | 4.250 | 0 | 4.317 | $4.92 |
30 Year Fixed Rate FHA(‡) | 3.375 | 0 | 4.426 | $5.20 |
30 Year Fixed Rate RD | 3.375 | 0 | 3.873 | $4.76 |
30 Year Fixed Rate VA | 3.375 | 0 | 3.609 | $4.52 |
VHFA (Vermont Housing Finance Agency) Saleable Mortgage Loans for Primary Residences-Servicing Released
Loan type and Term | Rate (%) | Points (%) | APR (%)* | Payment per $1000** |
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30 Year Fixed Rate Advantage Conventional | 4.250 | 0 | 4.328 | $4.92 |
30 Year Fixed Rate Advantage RD, VA, FHA | 4.125 | 0 | 4.641 | $5.19 |
30 Year Fixed Rate MOVE MCC Conventional | 4.250 | 0 | 4.328 | $4.92 |
30 Year Fixed Rate MOVE MCC RD, VA, FHA | 4.125 | 0 | 4.641 | $5.19 |
30 Year Fixed Rate MOVE Conventional | 4.250 | 0 | 4.328 | $4.92 |
30 Year Fixed Rate MOVE RD, VA, FHA | 4.000 | 0 | 4.161 | $4.82 |
NHHFA (New Hampshire Housing Finance Agency) Saleable Mortgage Loans for Primary Residences-Servicing Released
Loan type and Term | Rate (%) | Points (%) | APR (%)* | Payment per $1000** |
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30 Year Fixed Rate FLEX RD | 3.875 | 0 | 4.3532 | $5.04 |
30 Year Fixed Rate FLEX Plus 2% Cash Assistance | 4.375 | 0 | 4.856 | $5.34 |
30 Year Fixed Rate FLEX Plus 3% Cash Assistance | 4.875 | 0 | 5.360 | $5.64 |
30 Year Fixed Rate Preferred Conventional | 4.250 | 0 | 4.9351 | $5.71 |
30 Year Fixed Rate Preferred Conventional No MI | 5.125 | 0 | 5.114 | $5.37 |
(1)Based on 96.5% LTV including mortgage insurance.
(2)Based on 97.0% LTV including mortgage insurance.
B.U.I.L.D. Construction Loan
Loan type and Term | Rate (%) | Points (%) | APR (%)* | Payment per $1000**1 |
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8 Month Fixed Rate | 6.790 | 0 | 8.190 | $5.66 |
(1) Interest only payments are required monthly based on the amount of the loan outstanding during the prior month.
Home Equity Loans for Primary and Secondary Residences
Loan type and Term | Rate (%)1 | Points (%) | APR (%)* | Payment per $1000** |
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15 Year Fixed Rate | 5.990 | 0 | 6.006 | $8.43 |
10 Year Fixed Rate | 5.750 | 0 | 5.772 | $10.98 |
5 Year Fixed Rate | 5.500 | 0 | 5.541 | $19.11 |
(1) 0.25% reduction in rate with UB auto pay
Encore Home Equity Line of Credit for Primary Residences
Loan type and Term | Rate (%)1 | Points (%) | APR (%)* | Payment per $1000** |
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10 Year Draw/10 Year Repay | 4.50% | 0 | 4.50% | $3.70 |
(1) The rate is fixed for six months at 4.50% and then adjusts quarterly beginning in month six at the Wall Street Journal Prime Rate minus 0.25% (currently 5.250%) with a floor of 4.50% and a maximum of 18.00%. The maximum Annual Percentage Rate (APR) is 18%. Property insurance required. Flood insurance may be required.
Maximum loan-to-value of 80% unless otherwise noted. In some instances, loan-to-value may exceed 80% with private mortgage insurance.
All ARM product rates may increase after loan origination.
Rates and points are subject to change at any time prior to commitment and may change depending on the circumstances of the specific transaction.
(‡) Includes New and Used Multi-wide Manufactured Housing permanently affixed to owned land and may include term and loan to value restrictions.
* APR = Annual Percentage Rate. Annual Percentage Rate is based on $100,000 loan amount with a 20% down payment and the maximum term. Loans with less than a 20% down payment require private mortgage insurance.
** Payment may be higher if escrows for property taxes and insurances are applicable.
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Mortgage rates can change daily, and vary depending on the borrower’s financial situation, including down payment and credit score. The rates presented above are based on a variety of assumptions and conditions, and may differ from buyer to buyer.
Buying a home is a large investment, and the loan experts at Union Bank are here to help you make the most of your money by guiding you through the loan process. For more than 100 years, we’ve been dedicated to providing financial expertise and excellent service to our customers across Vermont and New Hampshire. We’re proud to be the leading bank for mortgage loans in the entire state of Vermont. Whether it’s your first time buying a home, refinancing your residence, or investing in a secondary property, we are here to assist you. If you have questions, contact our team of knowledgeable professionals to learn more about our mortgage interest rates and our other lending services.
When you’re ready, use our Online Mortgage Application to get started.
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