Which mortgage is right for you? Compare mortgages | HSBC

Weather update:

Due to Winter Storm Thor, branches within the Mid-Atlantic Area (VA, DC, MD, DE and PA), New York, and Connecticut will be closing early on March 5th. All on-line banking functions are available.

Please call 800-975-4722 for urgent banking needs. Premier customers are welcome to call 888-662-4722.

 

Premier1 & Advance2 Deluxe mortgages

Fixed rate mortgages

Adjustable rate mortgages5 (ARMs)

Special mortgages (SONYMA, Community works, FHA and VA)

 
Closing cost credit

Yes

Up to $1500 (Premier only)

No

No

No

 
Preferred pricing3

Yes

Our best rates (Premier only)

No

No

No

 
Priority processing

Yes

(Premier only)

No

No

No

 
Foreign national borrowing option

Yes

No

No

No

 
Fixed monthly payments

Yes

Yes

No

Yes

 
Interest only payments4

Yes

(ARM loans only)

No

No

No

 
Low down payment assistance

No

No

No

Yes

 
Maximum loan amount

Up to $3,000,000 for a 1 - 4 family residence

Financing amount up to $417,000 for a single-family residence

Financing amount up to $417,000 for a single-family residence

Loan amounts vary by county

 
Term

Premier Mortgages: 15, 20, 25 and 30 year terms

ARM: 30 year term with fixed interest rates for the initial 3, 5, 7 or 10 years , Rates vary there after

Advance Mortgages: 15, 20, 25 and 30 year terms††

ARM: 30 year term with fixed interest rates for the initial 3, 5, 7 or 10 years††, Rates vary there after

10, 15, 20, 25 and 30 year terms†††

30 year term with fixed interest rates for the initial 3, 5, 7 or 10 years. Rates vary there after†††

SONYMA and Community Works: Fixed Interest Rates for 15 and 30-year terms†††

FHA and VA: Fixed Interest Rates for 15 and 30-year terms††††

 
Minimum down payment

Premier Mortgages: 20%6

Advance Mortgages: 20%6††

5%7†††

10%7†††

SONYMA and Community Works: 3%8†††

FHA and VA: 3%8††††

1 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain $100,000 in combined U.S. personal deposit and investment balances. Business owners may use their commercial balances to qualify for a personal HSBC Premier relationship. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. Premier customers need combined personal deposit and investment balances of at least $100,000 USD or equivalent at HSBC (in the U.S. or home country) to be eligible for Premier Deluxe Mortgages. To be eligible for Premier Deluxe Mortgages, the Premier balances must be fully funded before the closing of the mortgage.

2 To qualify for an HSBC Advance relationship, you need to open an HSBC Advance checking account and maintain $10,000 in combined U.S. personal deposit and investment balances. Business owners may use their commercial balances to qualify for a personal HSBC Advance relationship. A monthly maintenance fee of $20 will be incurred if minimum balance requirements are not maintained. Advance customers need combined personal deposit and investment balances of at least $10,000 in the U.S. to be eligible for Advance Deluxe Mortgages. To be eligible for Advance Deluxe Mortgages, the HSBC Advance balances must be fully funded before the closing of the mortgage.

3 Discounts and loan amount depend on specific program and may require certain Premier or Advance balances, reserves, equity and automatic payment from an HSBC Premier or HSBC Advance checking account.

4When interest-only payments are made for a period of time, the principal balance of the loan does not decrease. When principal and interest payments commence, the monthly payment will increase substantially. Click here* for more information regarding Interest Only Loans.

5 Interest rate may increase per the terms stated in your adjustable rate note.

6 Minimum Down Payment requirement varies based on credit scores. The value disclosed above pertains to a FICO score of 700 and above; 1 unit single family dwelling purchase and no cash out refinance transactions.

7 Minimum Down Payment requirement varies based on credit scores. The value disclosed above pertains to a FICO score of 660 and above; 1 unit single family dwelling purchase and no cash out refinance transactions.

8 Minimum Down Payment requirement varies based on credit scores. The value disclosed above pertains to a FICO score of 680 and above; 1 unit single family dwelling purchase and no cash out refinance transactions.

Investments are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.

Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax advisor.

Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

Equal Housing LenderEqual Housing Lender

Click Here to view rates and payment examples for Premier Deluxe Rates

††Click Here to view rates and payment examples for Advance Deluxe Rates

†††Click Here to view rates and payment examples for Conforming Rates, Community Works and SONYMA

††††Click Here to view rates and payment examples for VA and FHA

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†† Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE
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