Pay just 4.25% for a 30 year home loan, no points

Calculator home on money

First Internet Bank of Indiana has one of March's best deals on a 30-year, fixed-rate mortgage, and it's available to borrowers purchasing or refinancing a home in all 50 states.

It's charging 4.25% with no points and no lender fees.

That's certainly higher than last year's best deals.

Mortgage rates bottomed out in May 2013, dropping down to an average of 3.52% for a 30-year, fixed-rate loan. Since then, rates have climbed by nearly a full percentage.

But First Internet Bank of Indiana is charging almost a quarter of a percentage point less than the current national average of 30-year home loans, which is 4.45%.

Click here to compare this deal with the best mortgage rates from scores of other lenders in your area.

The principal and interest payment would be $492 a month for every $100,000 you borrow. You can use our mortgage calculator to determine the monthly payments for the amount you want to borrow with this or any home loan.

It will also provide a month-by-month amortization schedule that shows how much you've reduced your debt and how much you still owe if you want to pay off the loan.

First Internet Bank of Indiana (www.firstib.com/mortgage) is an online bank with headquarters in Indianapolis. It enjoys an A+ rating with the Better Business Bureau.

To qualify for this loan you must:

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