Caliber Home Loans has its headquarters in Irving, Texas. They specialize in mortgages, so they have committed to providing you with the best loan options possible. Established in 2008, the company has helped thousands of customers achieve their dream of home ownership or renovation. Caliber home loans mortgage rates can provide you with some of the lowest rates available. This article will give you the latest information about their mortgages and rates.
Caliber Home Loans Current Mortgage Rates
As per the current Caliber Home Loans mortgage rates, the table below will give you information about the latest interest rates available. You can access a mortgage calculator on their website to find out how much you can afford for the loan.
|Type of Mortgage Rate||Interest Rate||APR (Annual Percentage Rate)||(Annual Percentage Rate) Estimated Monthly Payment|
***Rates change daily, so you need to check back for the most up-to-date information.
Bonus read: Caliber Home Loans Mortgage Account Login
Caliber Home Loans Mortgage Rates Additional Information
You can get pre-qualified for a loan on the Caliber Home Loans website. You will contact a loan consultant who will go over your income, assets, and debts. The company will make a decision based on your ability to repay. They will look at your employment information, debt to income ratio, and credit score.
Caliber Home Loans offer government-backed loans, as well as conventional loans. You can get a fixed-rate or an adjustable rate mortgage. USDA loans are a solid option for home-buyers living in rural areas.
Jumbo rates are also available. You can get a jumbo loan if you need a larger loan. You will need a higher down payment and good credit to qualify.
Refinancing loans can also be a good choice if you want to lower your monthly payments or shorten the life of the loan. Therefore, refinancing mortgage rates at Caliber Home Loans can give you a chance to save money.
Monthly Mortgage Payment Example
|Type of Mortgage Rate||30-year fixed rate||20-year fixed rate||15-year fixed rate|
|APR (Annual Percentage Rate)||4.03%||3.73%||3.14%|
|Number of Payments||360||240||180|
|Average Monthly Payment||$1389.35||$1739.88||$2199.57|
|Total Amount of Interest||$200,164.84||$117,571.00||$95,922.73|
|Total Amount Paid||$500,164.84||$417,571.00||$395,922.73|