Washington Mutual Online Banking Mortgage
Washington Mutual Online is becoming Chase Bank. So all of the mortgages are now going through Chase as well. They are still labeled as Washington Mutual Online banking mortgage offers on the WaMu website, however. We here at Savings Accounts 411 thought that, since a home mortgage is the largest of your investments in life, you might want to be brought up to date with what’s available now.
Washington Mutual mortgage offers come in 30 and 15 year fixed rates as well as 7/1, 5/1, and 1/1 adjustable rate mortgages (ARM). Assuming you have 20% down and good credit, we looked at what is available right now for single family homes as primary residences.
For a 30-year fixed, you will have two choices depending on the number of points you wish to accept and the annual percentage rate (APR) you’d prefer. For 1.125 points, you can get a 5.912% APR and for 2.250 points, you can get a 5.381% APR.
For a 15-year fixed, you also have two similar choices. These Washington Mutual mortgage offers have 1.0 points for 6.089% APR or 2.125 points for 5.380% APR. Good offers from Washington Mutual Online banking mortgage office.
Adjustable rates for a 7/1 are at 1 or 2 points with a 5.205% or 4.841% APR respectively. A 5/1 ARM from Washington Mutual Online comes in a 1.0 or a 2.125 point offering with 4.628% APR and 4.442% APR respectively. The 1 year ARM is at 4.239% APR.
These are some strong Washington Mutual mortgage offers worth considering if you’re in the market for a home loan.