Today's Rates

MortgageRateAPR
20 Year Fixed Bi-Weekly with Auto-Pay 3.800% 3.819%
15 Year Fixed Auto-Pay 3.230% 3.264%
10 Year Fixed Auto-Pay 2.980% 3.029%
1-Year ARM with 15-Year Term 1.375% 1.407%
1-Year ARM with 10-Year Term 1.375% 1.422%
3-1 ARM with 15-Year Term 2.625% 1.873%
3-1 ARM with 10-Year Term 2.375% 1.941%
Home EquityRateAPR
15 Year Fixed HE Loan 4.700% 4.700%

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Local Mortgages

At Merchants Bank, we don't sell off your mortgage. We maintain and service our residential mortgages in-house, keeping your mortgage in local hands.

If you are buying a home or looking to refinance, let Merchants Bank take the pain out of the mortgage process.

Apply Online for Local Mortgage

With personalized service and competitive rates we will help you choose the best loan for your situation. To get started, you can apply on-line or at a branch near you.

  • You-Win Rate Lock What's The You-Win Rate Lock Program?
     
    You-Win Rate Lock

    At Merchants Bank, you have the option to lock in your mortgage rate, certain restrictions and conditions apply.

     
  • Free-Pre-Approval

Mortgages can be used to purchase or refinance your primary residence or a second home suitable for year-round occupancy.

  • Variety of terms, with fixed or adjustable rates
  • Maximum loan-to-value ratio of 80% of appraised value
  • Maximum loan amount of $417,000

View all loan and deposit rates