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Rates2018-08-08T06:19:31+00:00

RESIDENTIAL LOAN RATES

The annual percentage rate (“APR”) calculations are based on typical prepaid finance charges for a $100,000 loan and actual charges may vary based on the loan terms.
All residential mortgage loans are subject to underwriting standards and credit approval.  Rates, terms, and programs are subject to change without notice.  The information contained herein should not be construed as a commitment to lend. 

Mortgage Rates are current as of:   08-08-2018

  Residential: 1-4 Family, Condo, TownhouseAPRInterest Rate
- Purchase or Refinance
- Primary Residence/Second or Vacation Home
- Loans up to $1,500,000
5/1/30 Adjustable Rate Mortgage13.832%3.750%
7/1/30 Adjustable Rate Mortgage14.209%4.125%
10/1/30 Adjustable Rate Mortgage14.586%4.500%
15 Year Fixed4.524%4.375%
20 Year Fixed4.743%4.625%
30 Year Fixed4.837%4.750%
 Home Equity Fixed Term & Home Equity Line of Credit (HELOC)APRInterest Rate
- Primary Residence
- Loans Up To $1,000,000 available
Home Equity Term Loan – Fixed – 5 Yrs4.457%4.375%
Home Equity Term Loan – Fixed – 7 Yrs4.560%4.500%
Home Equity Term Loan – Fixed – 10 Yrs4.668%4.625%
Home Equity Term Loan – Fixed – 15 Yrs4.780%4.750%
Home Equity Term Loan – Fixed – 20 Yrs4.899%4.875%
Home Equity Line of Credit (variable rate3)5.509%5.500%
 Second or Vacation Home
- Loans up to $250,000 available
Home Equity Term Loan – Fixed – 5 Yrs4.957%4.875%
Home Equity Term Loan – Fixed – 7 Yrs5.060%5.000%
Home Equity Term Loan – Fixed – 10 Yrs5.168%5.125%
Home Equity Term Loan – Fixed – 15 Yrs5.281%5.250%
Home Equity Term Loan – Fixed – 20 Yrs5.399%5.375%
Home Equity Line of Credit (variable rate3)6.009%6.000%
 CO-OP: Currently Servicing The Edgewater Colony2APRInterest Rate
- Purchase or Refinance
- Primary Residence ONLY
- Loans up to $1,500,000
5/1/30 Adjustable Rate Mortgage14.586%4.500%
7/1/30 Adjustable Rate Mortgage14.962%4.875%
10/1/30 Adjustable Rate Mortgage15.339%5.250%
15 Year Fixed4.775%4.625%
20 Year Fixed4.994%4.875%
30 Year Fixed5.339%5.250%
 CO-OP Home Equity Fixed Term & Home Equity Line of Credit (HELOC)2APRInterest Rate
- Primary Residence ONLY
- Loans Up To $1,000,000 available
Home Equity Term Loan – Fixed – 5 Yrs4.868%4.375%
Home Equity Term Loan – Fixed – 7 Yrs4.860%4.500%
Home Equity Term Loan – Fixed – 10 Yrs4.884%4.625%
Home Equity Term Loan – Fixed – 15 Yrs4.931%4.750%
Home Equity Term Loan – Fixed – 20 Yrs5.018%4.875%
Home Equity Line of Credit (variable rate3)5.509%5.500%

LOAN CALCULATOR

Accelerator Savings for Business - Mariners Bank
1 Navigator account is offered to individuals only. Annual Percentage Yield (APY) of 1.12%. A minimum of $5,000.00 in new money is required to open the account. A service fee of $9.00 per month will be charged if the balance falls below $5,000.00. Fees may reduce earnings. Advertised APY effective as of 05/01/2018. Rates subject to change without prior public notice. 2 To qualify for our 12 month CD with an Annual Percentage Yield (APY) of 2.25% you must deposit a minimum of $5,000.00 in NEW MONEY and you must have or open a Safe Harbor Checking account with a minimum balance of $500.00 and maintain a daily balance of $500.00 to avoid a $9.00 monthly service fee. Safe Harbor account must remain open through CD maturity. No additional deposits may be made to the 12 month CD until maturity. Penalty imposed for early withdrawal. Advertised APY effective as of 06/12/2018. Rates subject to change without prior public notice. 3 To qualify for our 24 month CD with an Annual Percentage Yield (APY) of 2.50% you must deposit a minimum of $1,000.00 in NEW MONEY and you must have or open a Safe Harbor Checking account with a minimum balance of $500.00 and maintain a daily balance of $500.00 to avoid a $9.00 monthly service fee. Safe Harbor account must remain open through CD maturity. No additional deposits may be made to the 24 month CD until maturity. Penalty imposed for early withdrawal. Advertised APY effective as of 06/01/2018. Rates subject to change without prior public notice. 4 Mariner’s Hedge CD is offered to individuals only. Annual percentage yield (APY) of 2.10% is effective as of 05/12/2018. To qualify for this product you must deposit a minimum of $1000 in NEW MONEY and have or open a Safe Harbor Checking account with a minimum deposit of $500.00 and maintain a minimum daily balance of $500.00 to avoid a $9.00 monthly service fee. Safe Harbor account must remain open through CD maturity. No additional deposits may be made to the Mariner’s Hedge CD account for 18 months. Penalty imposed for early withdrawals. Mariner’s Bank reserves the right to withdraw this offer at any time without prior public notice.
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1 Adjustable-rate mortgage (ARM) loans are based on the Treasury Note Rate Constant Maturity weekly average.The 5/1 ARM is based on the 3 Year, 7/1 ARM is based on the 5 Year and 10/1 ARM is based on the 10 Year, weekly averages.  All may increase after consummation. Rates are set at the time of Commitment and not an application.
2 Co-op loans are limited to Mariner’s Bank pre-approved Co-op complexes.
3 Variable rates may increase after consummation. Maximum APR 18%.

Payment examples are based on a loan amount of $100,000 based on the term and rate displayed

Residential Mortgage
15 Year Fixed Rate 1-4 Family180 Payments of$762.41@4.375%
15 Year Fixed Rate CO-OP180 Payments of$775.25@4.625%
20 Year Fixed Rate 1-4 Family240 Payments of$642.61@4.625%
20 Year Fixed Rate CO-OP240 Payments of$656.34@4.875%
30 Year Fixed Rate 1-4 Family360 Payments of$524.26@4.750%
30 Year Fixed Rate CO-OP360 Payments of$554.96@5.250%
Home Equity Fixed Term
Primary Residence
5 Year Fixed Rate60 Payments of$1,860.48@4.375%
7 Year Fixed Rate84 Payments of$1,391.41@4.500%
10 Year Fixed Rate120 Payments of$1,043.46@4.625%
15 Year Fixed Rate180 Payments of$778.61@4.750%
20 Year Fixed Rate240 Payments of$653.72@4.875%
Home Equity Fixed Term
Second or Vacation Homes
5 Year Fixed Rate60 Payments of$1,883.28@4.875%
7 Year Fixed Rate84 Payments of$1,414.80@5.000%
10 Year Fixed Rate120 Payments of$1,067.84@5.125%
15 Year Fixed Rate180 Payments of$804.68@5.250%
20 Year Fixed Rate240 Payments of$681.53@5.375%
Home Equity Fixed Term CO-OP
5 Year Fixed Rate60 Payments of$1,869.78@4.375%
7 Year Fixed Rate84 Payments of$1,398.36@4.500%
10 Year Fixed Rate120 Payments of$1,048.67@4.625%
15 Year Fixed Rate180 Payments of$782.50@4.750%
20 Year Fixed Rate240 Payments of$656.99@4.875%

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