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Loan Rates

Important Loan Disclosures

Please see below for a list of current rates. You may also contact MBT at 734-241-3431 or  800-321-0032 for more detailed information.

Every effort has been made to present current and accurate loan rates, conditions and qualifying information.  However, rates and accompanying data shown on the website are provided for information only, do not constitute a guarantee of availability and are not a solicitation for purchase.    It is the reader's responsibility to confirm and verify all rates and loan conditions with an appropriate MBT loan officer.

The mortgage options below represent our primary loan programs. Other programs may be available depending on your individual financial situation and credit score. Please ask an MBT Mortgage Expert.

Adjustable Rate Mortgage - 5/1 ARM (Caps 2/5)
Type Rate APR Points
5/1 ARM (Caps 2/5) 4.125% 4.376% 0.000%
       
 

 

Fixed Rate Mortgage - 15 Year
Term Rate APR Points
15 Year Fixed 3.625% 3.838% 0.000%
 

 

Fixed Rate Mortgage - 30 Year
Term Rate APR Points
30 Year Fixed 4.500% 4.624% 0.000%

 

Home Equity Line Of Credit (HELOC) Rates
Type Best Rate APR Points
80% LTV Prime (3.25%)  3.25% 0.000%
85% LTV Prime (3.25%) + .75% 4.00% 0.000%
 

 

Fixed Rate Home Equity (owner occupied)
Type Loan to Value Term Best Rate APR
6 year fixed 80% LTV 72/ 240 Month Note 4.75% 4.816%
6 year fixed 85% LTV 72/ 240 Month Note 5.00% 5.066%
1st Lien 6 year 80% LTV 72/ 240 Month Note 4.50% 4.502%
1st Lien 10 year 80% LTV 120/ 240 Month Note 5.50% 5.502%

 

 
  Auto & Light Truck Loans
 
Type Term Best Rate APR
2013 & 2014 72 Months 3.49% 4.05%
2013 & 2014 60 Months 2.99% 3.33%
2011 & 2012
60 Months 3.59% 3.95%
2009 & 2010
48 Months 3.99% 4.42%
2008 & Older 42 Months 4.99% 5.50%
Term on vehicles with 100,000 miles or more is 24 months. 15% minimum downpayment on used vehicles based on "clean" retail category in current NADA Guide, or purchase price, whichever results in a larger down payment. MBT may require larger down payment based upon borrower's credit score, vehicle history and age.   Read important disclosures.

 

 

Personal Secured Loans
Type Best Rate APR
12 months or less 3.39% 4.83%
24 - 36 months 3.99% 4.54%
48 - 60 months 4.69% 5.06%

 

Loans Secured by an MBT CD or Savings Account  
Type Rate APR
Rate 2% above your Savings or CD rate    
Minimum Rate 2.10% 2.73%
 

 

Manufactured Homes
Term Rate
Please contact our Customer Service Center at 734-241-3431 or 800-321-0032 for terms and rates.
 
  Boat & RV Loans
 
Amount Financed Term Best Rate APR
$2,000 - $14,999 Up to 60 Months 4.69% 5.16%
$15,000 - $29,999.99 84 Months 4.99% 4.90%
$30,000 - $49,999.99
120 Months 5.29% 4.82%
$49,000 & Above
180 Months 5.49%  
Minimum downpayment on Boats & RV"s 10% of Value or Purchase Price, whichever results in a larger down payment. MBT may require larger down payment based upon borrower's credit score, collateral, term, and loan amount.  Some vessels 25' and larger require US Coast Guard documentation at borrowers expense. Read important disclosures.

 

 

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