Today’s Mortgage Rates
Rates effective as of #ProductLine=Mortgage|Brand=citizensbank|BrandAttribute=RATE_UPLOAD_DATE# and subject to change at anytime.
Get your rate, and you could lock it in for up to 60 days.† These rates and monthly payments are based on a $300,000 mortgage. Lending limitations such as property state and loan amount may apply.
30-Year Fixed Rate
Rate: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=30 Year Fixed Rate|ProductAttribute=RATE#
APR: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=30 Year Fixed Rate|ProductAttribute=APR#
Points: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=30 Year Fixed Rate|ProductAttribute=POINTS#
Estimated Monthly Payment: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=30 Year Fixed Rate|ProductAttribute=MONTHLY_PAYMENT#
15-Year Fixed Rate
Rate: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=15 Year Fixed Rate|ProductAttribute=RATE#
APR: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=15 Year Fixed Rate|ProductAttribute=APR#
Points: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=15 Year Fixed Rate|ProductAttribute=POINTS#
Estimated Monthly Payment: #ProductLine=Mortgage|Brand=citizensbank|Region=OH|NAME=Conforming Fixed Rate Mortgage - Purchase|Descr=15 Year Fixed Rate|ProductAttribute=MONTHLY_PAYMENT#
Save more with rate discounts
Rates shown include 0.125% autopay and paperless discount†
Save even more when you set up automatic payments from any checking account and enroll in electronic Mortgage billing statements.†
More information on rates and repayments
The APR (annual percentage rate) includes your interest rate but also other fees and upfront costs of getting the loan, including points, closing costs and lender fees. APR is a more comprehensive view of the total cost of the loan and can be a more useful tool for comparing different loan offers from different lenders because it provides a more complete picture of the overall cost of the loan.
This payment example assumes no subordinate financing.
Rates listed above are for conforming refinance loans, are effective as of 06/09/2025 8:57 AM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
The information provided assumes the purpose of the loan is to refinance the existing mortgage, with a loan amount of $300,000 and an estimated property value of $400,000. The property is located in Columbus, OH and is within Franklin county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740. At a 6.125% interest rate, the APR for this loan type is 6.244%. The monthly payment schedule would be:
179 payments of $2,551.87 at an interest rate of 6.125%
1 payment of $2,552.79 at an interest rate of 6.125%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes, homeowner's insurance premiums and, hazard insurance premiums where applicable.
This payment example assumes no subordinate financing.
Rates listed above are for conforming refinance loans, are effective as of 06/09/2025 8:57 AM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
Advantage of getting your mortgage prequalified with Citizens
Know what you can afford
Learn what you should expect for a down payment, closing costs and how to make the process as affordable as possible.
Confidently make an offer
After you apply, we'll process your application quickly so you can be ready to make an offer on a home in this fast-moving market.
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Find the answers to all your specific questions regarding the prequalification process by working with our loan officers.
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Questions? We’ve got answers.
Top answers to your questions about Mortgage Rates, Affordability, and Down Payments
Many experts recommend that your mortgage payment (including home insurance, property taxes, and any mortgage insurance) be 28% or less of your gross monthly income. For example, if your annual household income is $120,000, your gross monthly income would be $10,000. Therefore, you’d want to keep your monthly mortgage payment to $2,800 or less.
Generally speaking, these five factors play a major role in determining whether you qualify for a home loan, how much you can borrow, and at what interest rate:
- Debt-to-income ratio
- Credit history and credit score
- Employment history
- Savings Down payment
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Fixed-rate mortgages are easy to understand. Your interest rate and monthly payment stay the same throughout the life of your loan. Adjustable-rate mortgages (ARMs) are different.
ARMs have interest rates that adjust over time. Typically, the starting rate remains fixed for a set number of years, such as three, five, or even as much as 10 years. After that fixed period ends, the rate changes periodically, typically on a semi-annual basis. Note: The first scheduled adjustment — after the initial fixed-rate period ends — could increase your monthly mortgage payments.
ARMs can be a popular mortgage choice when interest rates are high. And if you only plan to stay in your home for a few years, they can be an option worth considering as long as you sell your home before the rate changes.
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How much should you put down on your new home? The answer can vary depending on the person or people involved. Yes, there are benefits to putting down 20% of a home’s final purchase price, including borrowing less, a lower monthly payment, and no mortgage insurance. However, saving enough to put down, say, $50,000 on a $250,000 home is no easy task. With that in mind, it’s not surprising that the average down payment is just 6% for first-time homebuyers and 14% for repeat buyers.
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We've all heard the rumors and stories about what you should or shouldn’t do when it comes to buying a home. But don’t let these mortgage myths intimidate you. In fact, we’ve debunked the most common ones. Click here to learn more.
Check out our Mortgage Resource Page to help answer your questions about home ownership. Explore your loan options, learn how to get started and access expert help.
We have the tools and educational content you need to be ready to buy a home. Learn about the process from beginning to end. Click here to learn more.
© Citizens Financial Group, Inc. All rights reserved. Citizens is a brand name of Citizens Bank, N.A. Member FDIC
† For additional information, please click the † symbols throughout this page to view our mortgage disclosures.
Citizens mortgage disclosure: Mortgages are offered and originated by Citizens Bank, N.A. (NMLS ID# 433960). All loans are subject to approval. Offers may be withdrawn without notice.
Mortgage state availability disclosure: Citizens provides Mortgages in the following states: CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NH, NJ, NY, OH, PA, RI, SC, TN, TX***, VA, VT, WV. ***Texas is eligible for purchase transactions only.
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