Lately EverBank has been showing some very good mortgage rates that are consistently below the national average.

I thought we could take a look at what they have to offer.

Right now the national average for mortgage rates look like this:

  • 30 yr Fixed – hovering right around 4.25%
  • 15 yr Fixed – staying right around 3.7%
  • 5/1 ARM – as low as 3.41%

Today (please note the date of this article for accuracy if you find this in the future) Everbank rates are:

  • 30-yr fixed – 4.000% with an APR of 4.126%
  • 15-yr fixed – 3.375% with an APR of 3.571%
  • 5/1 ARM – 3.000% with an APR of 3.077%

Ever wonder how APR is Calculated?

As you can see in every term EverBank is beating the national average.

Of course these rates are based on a loan scenario of 80% LTV (loan to value), conforming loan amount, primary residence and an excellent credit score.  If you want to read all the fine print click here.

Who is EverBank?

EverBank is a privately held bank holding company.  Their headquarters are in Jacksonville, Florida and have over 700,000 customers all across the nation. They have an estimated $11.2 billion in assets and nearly $9 billion in deposits. EverBank is one of the nations fastest growing bank holding companies.  They have nearly 2,200 employees.

EverBank was founded in 1961 and saw continued slow growth until about 10 years ago Everbank exploded; starting at under 2 billion in assets in 2001 to now nearly 12 billion.

EverBank also has good CD Rates.

Related BankAim Articles