Regions home loans offer numerous options to their customers. The fixed rate loans make it possible for customers to pay the same amount of interest throughout the life of the loan. This can be a great saving opportunity provided the mortgage is signed at a lower rate. The adjustable rate mortgage, on the other hand, has a floating or changing rate that is determined by the demand and supply forces in the market. This rate can change from time to time and customers have to go through the changes. However, the advantage is they can make use of lower rates in a market situation like this. The mortgage rates at Regions Bank can vary depending on whether you are a first-time home buyer or looking to refinance your existing home loan. They have flexible term periods and loan amounts to suit the needs of different types of customers.

The current Regions Bank mortgage rates for a 30-year fixed loan is 4.375% APR. while for a 15-year fixed loan, the rates are 3.75% APR. The Regions mortgage rates for a 5-year ARM (adjustable mortgage rate) is 3.75% APR. These good rates make Regions Bank mortgage a popular option for homeowners.

Regions Bank has emerged as a major bank based in Birmingham, Alabama. The bank offers a wide range of investment opportunities. The mortgage rates at Regions Bank are dependant on national economic outlook, federal rules and regulations and overall financial health of the company. Regions Bank mortgage rates for the fixed rate terms as of April 2010 are as follows and they are subject to change.

For a loan amount of $100,000 and amortization term of 15 years, the bank offers an APR of 4.863% with an interest rate of 4.50%. There will be a total of 180 payments with a monthly amount of $765.

Regions Bank rates for a loan amount of $100,000 and amortization term of 30 years is estimated at 5.469% APR. Interest rate is 5.25% and estimated monthly payment is $552.21 for a total of 360 months. Loan to value percentage is 80% for both 15-year and 30-year amortization.

Regions home loans are also available for first time home buyers. The company offers a loan amount of $100,000 for an amortization term of 30 years under this package. Interest rate is accrued at 6.500% and APR is 6.729%. Loan to value percentage is 97% under this offer. A total of 360 monthly payments will be due with a monthly payment estimate of $ 632.07. Regions mortgage rates offer standard APR and interest rates after taking into account the conditions of the real estate and mortgage market.

Currently, the fixed-rate Regions home loans are averaging about 6.70% annual percentage rate (APR) at 80% for 15 years and 6.95% for 30.  That’s for average qualifying credit.  Adjustable Rate Mortgage (ARM) offers are at 30 years, with 1-10 year fixed-to-adjust times at 6.875% APR to start before adjusting.

For first time buyers, Regions home loans offers limited down payment options with average interest rates being around 7.88% APR for 30 years.  Those are fixed mortgage rates at Regions Bank offerings, not ARMs.  Other, more flexible options such as interest-only and similar loan products are also available at various Regions Bank mortgage rates.

Under the unique MyCommunity Mortgages plan, Regions bank rates are offered for various alternative plans to get your home.

Whatever you’re looking for in a mortgage, you’ll probably want to have a closer look at the mortgage rates at Regions Bank to see what they can offer you.  They ar ea large, well-established lender with a lot to offer.  Maybe Regions home loans are for you.