Purchase Mortgage Rates

It’s our goal to provide low mortgage rates and a fast, easy mortgage process from application to the closing table. From first-time home buyers to seasoned homeowners to investors, we want you to be stress-free and excited knowing that we’ve invested in making the mortgage process seamless, easy, and efficient through technology and digital tools. We want you to be confident with the Torchlight Mortgage process because the less time and effort you spend on your mortgage, the more you can spend on the things you love like your family, friends, your home, and the work you love to do. We want you to know that because we invest in technology and digital tools, we are able to pass on lower rates and lower payments onto you.

Trust us, you will be blown away by the Torchlight Mortgage process.

Estimated Rate
Estimated APR
Monthly Payment
Cost/Points
Mortgage Type
Notes
2.624%
2.818%
$1204
0 Points
30-Year Fixed
30 day rate lock
2.375%
2.598%
$1165
2.626 Points
30-Year Fixed
30 day rate lock
2.5%
2.699%
$1589
.754 Points
20-Year Fixed
30 day rate lock
2.12%
2.335%
$1947
0 Points
15-Year Fixed
30 day rate lock
1.75%
1.998%
$2726
.568 Points
10-Year Fixed
30 day rate lock

How to Determine Your Mortgage Rate

The mortgage rates shown here are some of our lowest rates available for commonly selected and funded loans. These are not particularly the rates you will get when you apply; you may get a lower rate or a higher one based on myriad of factors including credit score, income, assets, loan amount and down payment, as well as financial history such as bankruptcy and more.

Just So You Know

  • Rates and fees as shown above are as of time displayed above and are subject to change without notice. All borrowers must qualify based on credit, income, assets, loan amount, down payment, and financial history. This is not a commitment to lend.
  • Torchlight Mortgage may charge an origination fee. The one-time costs shown include points/credits and third-party fees. An escrow deposit, pre-paid interest, and other charges may be required depending on your situation and qualification.
  • Monthly payments do not include taxes and insurance premiums. Your actual monthly housing expenses may be higher.
  • We don’t yet have your complete financial situation nor do we know your qualification status. Your actual rate, payment and costs could be higher or lower. Get an official Loan Estimate before choosing a loan. Torchlight Mortgage will happily provide you with a Loan Estimate to review.
  • Loan approval is subject to credit and underwriter review.
  • Not everyone who applies will be approved.
  • Interest rates change daily. At times, interest rates change several times daily.
  • We also assume: closing costs are paid out of pocket and debt-to-income ratio is below 35%. Borrowers generally must have a FICO score of 720 or higher, 60% loan-to-value or lower, 3 to 6 months of assets in reserves, and no derogatory past payments or accounts in order to qualify for estimate rates as noted herein. All borrowers must qualify. The pricing and rates above assumes a $300,000 loan amount on a $600,000 purchase price with 720+ FICO score with assets and reserves, as well as no derogatory past payments or accounts.

Ready to Apply?

APPLY NOW