Wachovia Mortgage Rates Review
Wachovia Bank became a part of Wells Fargo Bank to provide customers with better financial products. Wachovia home loans are one of the best because of their flexible options and attractive rates of interest. There are main kinds of loan programs offered by Wachovia and some of them are Special Military Financing Program, Interest-only payment, Jumbo loans, Blended Jumbo Loan, Lender-Paid Mortgage Insurance Option, The Relocation Mortgage Program and Private Mortgage Banking. Each of these programs have a unique set of features that make it suitable for certain kinds of people. They also do refinancing and they have many different refinancing options like Refinance & Renovate Program and specialized refinance options like Special Military Programs, Interest-Only Payment, Jumbo Loans, Blended Jumbo Loans and Lender-Paid Mortgage Insurance Option. These refinancing options have very low monthly payments with little cash or no cash.
The current Wachovia Bank mortgage rates are 5.318% APR for a 30-year fixed loan while it is 4.700% for a 15-year fixed loan. Wachovia interest rates for FHA loans are 6.245% for a 30-year fixed FHA. It is 3.564% for a 5-year ARM loan and 3.401% for a 5-year ARM FHA loan. In the case of larger loans on certain eligible areas, the Wachovia mortgage rates are 5.390% for a 30-year fixed loan, 5.924% for a 30-year fixed FHA and 3.652% for a 5-year ARM loan respectively. For jumbo loans, Wachovia’s interest rates are 5.895% for a 30-year fixed loan and 3.930% for a 5-year ARM loan. These rates of interest are extremely competitive and this makes them very attractive to home-owners.