Ally Bank understands that buying a home is a big investment and they will be with you every step of the way. They provide dedicated support with a team of loan experts and manage all of your loan documents online for convenient and 24/7 access. This ensures that you are able to find the best mortgage to fit your needs. This article will provide detailed information about the current Ally Financial mortgage rates and loans they offer.
Ally Bank Current Mortgage Rates
The following information for mortgage rates reflects estimates for a $300,000 conventional loan for borrowers with excellent credit and a 20% down payment in the state of California. The estimated monthly payment does not include any taxes or insurance. Learn more about Ally Bank mortgage rates.
|Type of Mortgage Rate||Interest Rate||APR (Annual Percentage Rate)||Estimated Monthly Payment|
|30-Year Fixed Rate||4.250%||4.268%||$1,475|
|30-Year Fixed Rate||4.125%||4.194%||$1,453|
|30-Year Fixed Rate||4.000%||4.133%||$1,432|
|25-Year Fixed Rate||4.250%||4.283%||$1,625|
|25-Year Fixed Rate||4.125%||4.217%||$1,604|
|25-Year Fixed Rate||4.000%||4.166%||$1,583|
|20-Year Fixed Rate||4.125%||4.125%||$1,837|
|20-Year Fixed Rate||4.000%||4.603%||$1,817|
|20-Year Fixed Rate||3.875%||4.008%||$1,798|
|15-Year Fixed Rate||3.500%||3.541%||$2,144|
|15-Year Fixed Rate||3.375%||3.493%||$2,126|
|15-Year Fixed Rate||3.250%||3.447%||$2,108|
|10-Year Fixed Rate||3.500%||3.590%||$2,966|
|10-Year Fixed Rate||3.375%||3.532%||$2,949|
|10-Year Fixed Rate||3.250%||3.477%||$2,931|
*** Disclaimer: Rates, terms, and fees are subject to change without notice so borrowers should visit the Ally Bank website for updates on the current Ally Financial mortgage rates.
Ally Bank Mortgage Rates Additional Information
In addition to the fixed-rate home mortgages, Ally Bank also offers adjustable-rate mortgages (ARM) for 5, 7, and 10 years. An ARM program would be a considerable option if you plan on moving. Or for refinancing your current home. Since your rate would be locked in for either 5, 7, or 10 years, you could pay less interest. Not only this, but it would adjust every 12 months afterward based on the current mortgage rate trends.
Here are some examples, based on 360 monthly ARM loans payments:
- A 10-year ARM, with average interest rate and an APR of 4.750%, would have an estimated monthly payment of $1,564.
- A 7-year ARM, with an average interest rate of 3.375% and an APR of 3.749%, would have an estimated monthly payment of $1,326.
- A 5-year ARM, with an average interest rate of 3.250% and an APR of 3.775%, would have an estimated monthly payment of $1,305.
Ally Financial mortgage rates include a jumbo loan option too. These loans available for home loans with an above-average selling price (e.g. $650,000). Visit their home affordability calculator and mortgage payment calculator for other information.
Buying a home is a big investment so it is important to find a bank that will be there with you every step of the way and Ally Bank offers all of the resources that can meet your needs.
Ally Financial mortgage rates include fixed-rate mortgage with multiple term limits. They also have adjustable-rate mortgages, depending on whether you are purchasing a starter home or your forever home. You can apply for an Ally Bank home loan quote or visit their customer service page to speak to a representative for more information.