Lowest Mortgage Rates in Cleveland: November 2011

Falling home values throughout the U.S., as well as here in Cleveland, are making right now a good time to purchase a home at an affordable price. Notwithstanding, the price of the property isn’t the only number you should consider. Cleveland mortgage rates will also have a big impact on the total price you pay for your new home.

If you’re considering buying, be sure you take the time to get the lowest possible mortgage rate first. We’ve detailed the local Cleveland financial institutions with the very best interest rates on home loans in November. Find out if there’s a great deal near you.

Current Best Mortgage Rates in Cleveland, OH

Different mortgage types are going to offer different mortgage rates, but no matter what type of loan you choose, there’s bound to be a great deal in Cleveland. Below are the lowest mortgage rates offered by local Cleveland lenders today for a variety of home loan types.

Best 15-Year Fixed Mortgage Rates in Cleveland

• JPMorgan Chase Bank, National Association: 2.38%
• • No Orig. Fees
  • Points: 0.38


• Fifth Third Bank: 3.13%
• • No Orig. Fees
  • Points: 0


• Huntington National Bank: 3.13%
• • Orig. Fees: 1%
  • Points: 1

Lowest 30-Year Fixed Mortgage Rates in Cleveland

• JPMorgan Chase Bank, National Association: 3%
• • No Orig. Fees
  • Points: 0


• Huntington National Bank: 3.88%
• • Orig. Fees: 1%
  • Points: 0.5


• Dollar Bank, Federal Savings Bank: 3.99%
• • No Orig. Fees
  • Points: 0

Top 3/1 ARM Cleveland Mortgage Rates

• Navy Federal Credit Union: 2%
• • No Orig. Fees
  • Points: 0.5
  • Caps: 2% per Adjustment Period


• Park View Federal Savings Bank: 2.5%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Dollar Bank, Federal Savings Bank: 2.5%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Best Mortgage Rates in Cleveland for a 5/1 ARM

• JPMorgan Chase Bank, National Association: 2.38%
• • No Orig. Fees
  • Points: 0.25
  • Caps: 2% per Adjustment Period


• Fifth Third Bank: 2.5%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Dollar Bank, Federal Savings Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Be sure you confirm these rates with the lender before you apply. Mortgage rates are accurate as of 11/01/11, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Cleveland mortgage rate.