Mortgage Solutions for Every Need.
Begin your mortgage application today! Once you submit your information, we’ll call you to finish your application and answer any questions that you may have.
Secure the financing you need with a mortgage loan today.
As a preferred partner, you can receive an exclusive benefit − a $250 VISA Gift Card after loan closing!
Considering a mortgage loan may be the largest financial decision you will face, so, it’s understandable that you need to find an option that is right for your financial situation.
At Nationwide Bank®, we help make your investment easier with home mortgage loans featuring affordable rates, flexible terms and the helpful mortgage options that you deserve. Whether you are just starting the home buying process, preparing to buy a new home or looking to refinance your current mortgage loan, we’ll help you every step of the way.
And, we’ll give you a $250 VISA Gift Card after loan closing.
Our process is simple, convenient and safe and we offer a variety of mortgage products, including:
Fixed Mortgages
We have fixed rate mortgage products with terms of 10, 15, 20 or 30*
years, along with the security of stable interest rates to help you
budget. Especially if you plan to stay in your home for the foreseeable
future, then a mortgage with a fixed rate may be the right option for
you.
Adjustable Rate Mortgages (ARM)
We have attractive rates on ARM loans to help reduce your monthly loan
payments. If you’re looking to stay in your new home for a short period
of time, an adjustable rate mortgage (ARM)* may be a smart choice for
your financial situation. The interest rates on ARM loans are typically
lower than other mortgage types for the first few months to first few
years of the loan, depending on the terms. Once your adjustable rate
mortgage loan’s introductory period ends, your interest rate adjusts and
monthly payments may increase. It may become more difficult to predict
your payment amount, especially if market rates continue to rise.
Jumbo Mortgages
Discover our great jumbo mortgage rates to see how they work with your
budget! Whether you have your sights set on purchasing a larger, more
expensive home or simply live in a high-priced housing market, a jumbo
mortgage may be a good financing choice to help get you into your new
home. A jumbo mortgage loan has a fixed rate and is priced slightly
higher than conforming loans, such as traditional fixed rate mortgages
and adjustable rate mortgage loans. The property values range from
$417,001 to $1 million or more, which is determined by Freddie Mac and
Fannie Mae and can change annually.
When you apply and get approved for one of our mortgages, Nationwide Advantage Mortgage Company® (NAMC) will service your loan, and Nationwide Bank will be your trusted lender. You can rest assured that you are doing business with the same family of companies, a secure lender and service provider with a strong heritage as part of Nationwide Mutual Insurance Company.
Compare Mortgage Products
Use our mortgage comparison chart to find the home loan product for your needs.
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|
Typical Interest Rates |
Fixed |
Variable |
Fixed or Variable |
Fixed or Variable |
|
Terms* Available |
10, 15, 20 or 30 years |
30 year with initial fixed rate period of 3, 5, 7 or 10 years |
15, 30 years or 5/1 ARM |
10, 15, 20 or 30 years |
|
Compare Mortgage |
Interest rate and monthly payment remains stable for the length of the loan No pre-payment penalties Variety of terms available |
Usually lower monthly payments for the first few months or first few years No pre-payment penalties |
Allows you to purchase a more expensive property Variety of terms available |
May be able to secure a lower interest rate based on market conditions Draw on your home’s equity to afford home repairs, consolidate debt, pay for education and more Potentially shorten your mortgage term or replace one mortgage type with another |
|
Best If You |
Plan to stay in your home for many years |
Want to stay in your home for 3-10 years |
Will buy or refinance a primary residence that is above $417,000 |
Currently have a higher interest rate on your mortgage and have already built equity in your home |
Check Out Our Rates!
Here is a sampling of our conforming loan rates that we currently offer for a variety of loan types. Our conforming loan limit is $417,000, except in Alaska and Hawaii, where it is $625,500. (Note: We also offer Jumbo loans. Call us for more information about our Jumbo loan rates.)
Fixed Rates
| Loan type | Interest rates | APR* as low as | Points | Monthly payment |
|---|---|---|---|---|
| 30 Year Fixed Rate | 3.5% | 3.643% | .875 | $673.57 |
| 30 Year Fixed Rate | 3.625% | 3.697% | 0 | $684.08 |
| 15 Year Fixed Rate | 2.625% | 2.896% | 1 | $1,009.03 |
| 15 Year Fixed Rate | 2.75% | 2.949% | .5 | $1,017.93 |
*APR refers to Annual Percentage Rate. APR effective 2013-05-17 09:15:00 AM and subject to change. APR may vary based on creditworthiness.
Adjustable Rates
| Loan type | Interest rates | APR* as low as | Points | Monthly payment |
|---|---|---|---|---|
| 5 Year Adjustable Rate | 2.75% | 3.166% | .25 | $612.36 |
| 5 Year Adjustable Rate | 2.875% | 3.19% | 0 | $622.34 |
| 3 Year Adjustable Rate | 2.125% | 3.094% | .25 | $563.85 |
| 3 Year Adjustable Rate | 2.25% | 3.101% | 0 | $573.37 |
*APR refers to Annual Percentage Rate. APR effective 2011-11-16 09:30:00 AM and subject to change. APR may vary based on creditworthiness.
*Annual Percentage Rate (APR). Interest rates and the APR are subject to change at any time and without notice due to changes in the mortgage market. These rates may also adjust according to credit and property approval based on secondary market guidelines. The rates shown are based on average interest rates for customers with a good credit history. Your individual rate may vary. The APR calculation and the Principal & Interest (P&I) amounts are both based on a loan amount of $150,000 for the purchase of a primary residence, with 80% Loan-to-Value (LTV), approximately 15 days prepaid interest, a $540 commitment fee, $250 processing fee, an additional $485 in prepaid finance charges, plus discount points shown for a 60-day lock. For Adjustable Rate Mortgages (ARMs), the rates may increase after consummation. All of our ARM programs have a 30-year term.
Mortgage loans typically require a down payment, ranging from 10% to 20%, while their repayment terms may range from 15, 20 or 30 years. A typical APR for a 30 year mortgage loan is 5.75%. Your individual APR may differ depending on several factors, such as your credit score, loan term, and market conditions.
Our loans do not have prepayment penalties and we normally require the escrow of taxes and insurance which will be in addition to the principal and interest payments shown above. Be sure you understand the terms of the loan you are applying for.
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