Regions Bank was founded in 1971 in Alabama. The bank offers numerous services, including various affordable mortgage loan options, as well as construction and renovation loans. If you need a home loan, you can go on the Regions website to get started with your new loan. The company can inform you about the types of loans, process, and closing costs. Regions mortgage rates are competitive, so you can feel confident that you will get the lowest rates. This article will provide you with the latest and up-to-date information regarding Regions bank mortgage rates.

Regions Bank Current Mortgage Rates

The table below will give you an idea of the Region Bank’s latest mortgage rates.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 3.99% 4.22% $1504.60
15-year fixed 3.25% 3.633% $2069.17
10-year ARM 3.50% 3.93% $1420.35
5-year ARM 2.99% 3.88% $1501.62
20-year fixed 3.87% 3.974% $1758.30

***You need to check back for the latest information regarding Regions Bank mortgage rates. Rates can change daily, so you need to check back to get the current rates.

Regions Mortgage Rates Additional Information

At Regions Bank, you will find useful mortgage tools, and mortgage options that will meet your specific needs. Regions bank offers mortgage programs that will allow you to be a homeowner. A fixed-rate mortgage loan will give you the peace of mind knowing you will have the same interest rate over the life of the loan. You have the option of FHA fixed rate loans, VA fixed rate loans, or Conventional loans. USDA loans are also available.

You can look at the 30-year mortgage rates, 15-year mortgage rates, or 10-year mortgage rates. The longer the term, the lower your monthly payment will be. However, if you have a shorter term, you will save money throughout the life of the loan.

Recommended read: Regions Mortgage Account Login

If you plan to stay in your home temporarily, you might choose an adjustable rate mortgage (ARM). Adjustable mortgage rates will increase or decrease depending on the market rates trend. Before you choose an adjustable rate, make sure you can make the monthly payments if your rate increases.

Regions Bank also encourages first-time home buyers, offering loans with lower closing costs or lower down payment requirements.

Refinance mortgage rates are also available with Regions. With a refinance mortgage, you will pay off your existing mortgage with a new mortgage.

If you want a lower rate, you can purchase mortgage rates. This will allow you to get a lower rate. Therefore, you will save money.

You can use the Regions bank calculator to calculate your mortgage payment. Alternatively, you can look at a general mortgage calculator to see how much you can afford for a home.

Monthly Mortgage Payment Example

Type of Mortgage Rate 30-year fixed rate 20-year fixed rate 15-year fixed rate
Mortgage Amount $300,000 $300,000 $300,000
Interest Rate 3.99% 3.87% 3.633%
APR (Annual Percentage Rate) 4.22% 3.974% 3.633%
Number of Payments 360 240 180
Average Monthly Payment $1743.02 $2109.96 $2476.35
Total Amount of Interest $214,986.08 $131,389 $89,493.13
Total Amount Paid $627,486.08 $506,389.56 $445,743.13

***The values in this table are approximate results of our calculations, and can vary depending on the type of credit you opt for. Please note that these are our examples, and not offered by the financial institution.

Owning your own home is an exciting experience. Regions mortgage rates can give you the privilege of being a homeowner. You can get the best rates available. You can then be confident that your loan is well taken care of. Share your experience with Regions bank mortgage rates in the comment form below. You input can help other readers!