Mortgages
Ameriprise mortgage solutions
Whichever type of home mortgage you require, the application process is simple, and you'll get an answer fast.
Our mortgage solutions offer these advantages:
- Competitive rates
- Low lending fees
- No hidden costs
- Accurate fee quotes
- Quick preapproval1
- Up to 90-day rate-lock option on many mortgages
- Personalized guidance from approval to closing
An Ameriprise financial advisor can help you determine the home mortgage options that best meet your needs.
For more information, please contact your advisor or call one of our loan specialists at 1 (866) 471-BANK (2265).
Fixed-rate mortgages
With this popular mortgage loan, the interest rate remains the same for the life of the loan.
Adjustable-rate mortgages (ARMs)
A variable- or adjustable-rate mortgage has an interest rate that fluctuates over the period of the loan and monthly payments change accordingly. Periodic adjustments based on changes in a defined index are made to the interest rate. The index for your particular loan is established when you apply for it.
Interest-only mortgages
A mortgage is "interest only" if the scheduled monthly mortgage payment consists of interest only. The option lasts for a specified period, usually 5 to 10 years, and borrowers can pay more than interest if they want to.
Flexible down payment mortgages
This loan offers a lower-than-standard down payment option. Otherwise, mortgage down payments of 10% to 20% are common.
Jumbo/super jumbo mortgages
A jumbo mortgage exceeds the limits set by Fannie Mae and Freddie Mac. Super jumbo mortgages exceed $1 million. Both carry a higher interest rate than a conventional mortgage.
The interest rates, APRs, points and rebates shown are subject to change without notice. The fees listed above are estimates only and may change. A final itemization of fees will be provided at closing. Your APR will vary based on your final loan amount and finance charges. All rate quotes are based on the assumption of a 45-day lock on a single family primary residence with establishing an escrow account for taxes, homeowner's insurance and flood insurance if applicable. Your final rate will depend upon your unique credit history and type of loan you are trying to qualify for. In order for you to receive a final rate and closing cost quote, an application must be submitted and a loan specialist will call you with your final decision. The $250 application fee collected from you at the time of application will be applied toward the total closing costs associated with your loan. Please be reminded that this fee is nonrefundable, unless your loan is denied.
1For qualified borrowers. Some loans may require additional information before preapproval. Subject to conditions.
Mortgage products, home equity loans and home equity lines of credit are offered by Ameriprise Bank, FSB, an Equal Housing Lender, which is a subsidiary of Ameriprise Financial, Inc. Home equity loans and home equity lines of credit are currently not available in Texas.
Ameriprise Bank, FSB, Member FDIC, an Equal Housing Lender, provides certain deposit, lending and personal trust products and services to Ameriprise Financial Services, Inc. Deposit products are FDIC-insured up to $100,000 per depositor.
Ameriprise Financial Services, Inc. and Ameriprise Bank, FSB are subsidiaries of Ameriprise Financial, Inc. Ameriprise Financial, Inc. and its subsidiaries are no longer affiliates of the American Express Company.
Related information
What will your payments be?
Use our mortgage calculator to quickly run some numbers.
How much can you afford?
Assess your current financial situation before you buy.