Mortgages
Learn more about the versatile financing options Raymond James Bank offers to help you refinance or purchase a new home, a second home or an investment property. Designed to meet your needs, our full suite of mortgage lending products have no minimum loan amount or relationship size requirements to apply and are available in all 50 states.
Mortgage Options1
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Available in 152- and 30-year terms2, our fixed rate mortgages offer rate stability for the life of the loan. This is an ideal option for individuals who would benefit from consistent mortgage payments and plan to reside in the same home for an extended period of time.
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With initial fixed periods of five2, seven2, 102 and even 15 years2, our adjustable rate mortgages allow you to choose a loan that best fits your needs. This mortgage is especially beneficial for those who plan to move or refinance soon after their purchase, or for those looking for a lower initial rate. We also offer a unique 15/1 ARM option, allowing you to have a fixed mortgage rate for 15 years, at which point it adjusts annually.
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Interest-only payments2 are best suited for individuals who receive a significant portion of their income a few times a year or those expecting to relocate by the end of the interest-only period. This type of mortgage is available with initial fixed rates for five2-, seven2- and 10-year2 terms. Based upon a 30-year mortgage payment schedule, these loans provide a lower monthly payment during the initial fixed term.
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Designed for higher net worth individuals, Raymond James Bank offers both fixed and adjustable rate jumbo mortgages.
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Pledge securities mortgages3 are ideal for those with a well-structured and diversified investment portfolio. This mortgage uses a combined pledge of real estate and margin-eligible securities in your Raymond James investment account. This allows you to finance up to 100% of the purchase price of a property while avoiding the asset liquidation that is often required when a down payment is needed.
Our knowledgeable banking consultants are available to provide you with customized guidance on the mortgage option that will work best for your needs. We encourage you and your advisor to contact your regional banking consultant to discuss a personalized solution and our current rates.
Additional Information
Products, terms, and conditions subject to change. Subject to standard credit criteria.
1 Property insurance is required. Flood insurance is required if property is in a designated flood zone of 'A' or 'V'. The proceeds from a Mortgage or Home Equity Line of Credit cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account; (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate or Raymond James.
2See payment examples and loan disclosures.
3The Pledged Securities Mortgage is not suitable for everyone. The proceeds from a Pledged Securities Mortgage cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account; (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate of Raymond James. Raymond James Bank does not accept RJF stock or any securities of Raymond James as pledged securities towards a Pledged Securities Mortgage. A loan client may be at risk of losing money in their collateral account due to market volatility. This may require the deposit of additional equity into the collateral account, which could result in further losses. Though Raymond James Bank will typically contact the client or their Financial Advisor prior to liquidating pledged assets, Raymond James Bank reserves the right to sell pledged assets of its choosing without contacting the client, if needed to maintain equity in the collateral account. If a loan client defaults (stops making monthly payments) on their mortgage, they could lose both their house and the securities they have pledged.
4Contact Raymond James Bank at 888.457.5626 for current rates and other information. The line of credit can be suspended, reduced or terminated in the event of fraud, failure to repay, adverse collateral conditions, or other violation of credit terms.
© 2024 Raymond James Bank, NMLS ID 405712. All rights reserved. Products, terms and conditions subject to change. Subject to standard credit criteria.
