Today's Rates

30 Year Fixed Bi-Weekly with Auto-Pay 4.200% 4.239%
20 Year Fixed Bi-Weekly with Auto-Pay 3.750% 3.807%
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 1.500% 1.573%
1-Year ARM with 10-Year Term 1.500% 1.608%
3-1 ARM with 15-Year Term 2.625% 2.002%
3-1 ARM with 10-Year Term 2.375% 2.070%
Home EquityRateAPR
5 Year Fixed HE Loan 2.970% 3.295%
15 Year Fixed HE Loan 4.610% 4.731%

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Local Mortgage Options

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.

  • Rate Lock Program 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