Cleveland's Best Mortgage Rates: Land a five-year ARM for less than 3%

Check the chart below for my favorite deals on home loans in Cleveland. They offer a great combination of low mortgage rates and reasonable fees.

To land these interest rates, you’ll pay no points and loan origination fees of less than $2,000—what you should be looking for if you’re trying to buy or refinance a home to make sure your upfront costs aren’t high and your monthly payments remain low.

Compare my picks with the best rates from scores of other banks and finance companies in our database.

It offers real-time, accurate data on loans in the Cleveland area, across Ohio and throughout the country.

You can also determine what the monthly payments would be for the home loan you’re considering with our fixed-rate home loan calculator or adjustable-rate calculator.

See if you can do better than these deals.

Cleveland Mortgage Rates

Lender 30 year fixed 15 year fixed 5 year ARM
EverBank 4.125% 3.375% 2.750% 4.250% 3.375% 2.750%
CapWest Mortgage 4.375% 3.375% 3.125%
Quicken Loans 4.375% 3.750% 3.125%
Third Federal Savings & Loan 4.490% 3.650% 2.990%

Remember that rates change daily.

These quotes are from the end of the business day on Aug. 3, 2011, to borrow $210,000 for the purchase of a home with a 20% down payment.

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