Home Buying Loans & Mortgage Rates

Let us help you find the right mortgage loan option for you. Options include 15 and 30 year fixed rate mortgages, ARMs, and FHA home loans. Get today's mortgage rates with no hidden fees, and have the confidence that you'll get outstanding customer service to help you pick the best loan option.

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My goal is...

Loan Options

Best for me if...

Today's Rate

Fixed Rate Mortgages

Principal and interest payment guaranteed to remain fixed for the life of the loan, e.g., 15 or 30-years.

I plan to stay in my home for more than 5 to 7 years and want to protect my monthly payment from rising.

Fixed Rate Mortgages

Principal and interest payment guaranteed to remain fixed for the life of the loan, e.g., 15 or 30-years.

Best for me if...

I plan to stay in my home for more than 5 to 7 years and want to protect my montly payment from rising.

  • Best for borrowers who plan to stay in their homes for a long period of time.
  • Offer predictable monthly payments of principal and interest.
  • Provides protection from rising interest rates.
  • Discover also offers fixed-rate FHA loans. Please contact a Discover Mortgage Banker for more information on available loan products.
Get a Custom Loan Quote
Our rates are currently unavailable for the selected state. Please call for a custom rate quote.

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1-888-866-1212

Adjustable Rate Mortgages (ARM)

Loan rate adjusts periodically after an initial fixed-rate period.

I plan on selling my home or refinancing in the near future.

Adjustable Rate Mortgages (ARM)

Loan rate adjusts periodically after an initial fixed-rate period.

Best for me if...

I plan on selling my home or refinancing in the near future.

  • Offer lower initial monthly payments
  • Best for borrowers who plan on selling their homes or refinancing in the near future.
  • Discover also offers adjustable-rate FHA mortgages. Please contact a Discover Mortgage Banker for more information on available loan products.
Get a Custom Loan Quote
Our rates are currently unavailable for the selected state. Please call for a custom rate quote.

Talk to a Mortgage Banker

1-888-866-1212

FHA Loans

Fixed or adjustable loan options insured by the government with flexible qualification standards.

I have limited funds to use toward a down payment or am looking for flexible credit guidelines.

Learn More

FHA Loans

Fixed or adjustable loan options insured by the government with flexible qualification standards.

Best for me if...

I have limited funds to use toward a down payment or am looking for flexible credit guidelines.

  • As little as 3.5% required for a down payment
  • More flexible credit standards
  • Available as either a fixed or adjustable rate mortgage
Get a Custom Loan Quote
Our rates are currently unavailable for the selected state. Please call for a custom rate quote.

Talk to a Mortgage Banker

1-888-866-1212

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Rate

Rate is short for "interest rate" --- the periodic charge for the use of credit, expressed as a percentage.

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APR

APR or Annual Percentage Rate is the annual cost of a loan, expressed as a yearly rate, reflecting all costs, including interest, points, origination fees and mortgage insurance.

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