Today's Rates

30 Year Fixed Bi-Weekly with Auto-Pay 4.000% 4.039%
20 Year Fixed Bi-Weekly with Auto-Pay 3.550% 3.607%
15 Year Fixed Auto-Pay 3.200% 3.277%
10 Year Fixed Auto-Pay 2.950% 3.061%
1-Year ARM with 15-Year Term 1.750% 1.824%
1-Year ARM with 10-Year Term 1.750% 1.858%
3-1 ARM with 15-Year Term 2.875% 2.255%
3-1 ARM with 10-Year Term 2.625% 2.322%
Home EquityRateAPR
5 Year Fixed HE Loan 2.970% 3.295%
15 Year Fixed HE Loan 4.610% 4.731%

Click on the Rate or APR for payment information.

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Local Mortgage Options

Merchants Bank continues to offer mortgage options that are held and serviced locally, right here in Vermont. Our lending associates will help you choose the best loan for your situation, whether you are looking to finance a primary residence, investment property or second home suitable for year-round occupancy.

  • Local decisions. Local servicing.
  • Competitive rate options (fixed and adjustable)
  • Free pre-qualification
  • A variety of terms, ranging from 10 years to 30 years  
  • Our unique bi-weekly mortgage
  • Maximum loan-to-value ratio of 80% of appraised value or purchase price, whichever is lower
  • Maximum loan amount of $417,000

Our local mortgage team is happy to help you find the right home loan for your needs. We’ll help you compare options, including overall costs, monthly payments, terms, and conditions. If you prefer, you can apply on-line

Apply Online for Local Mortgage

View all loan and deposit rates.