HSBC Deluxe Mortgage benefits
- Financing available on investment properties
- 1-4 unit (attached and detached), condos, Planned Unit Developments (PUDs), and cooperatives9
Build your mortgage
Am I eligible?
You’ll need an HSBC personal deposit and investment relationship of $75,000 to less than $1,000,000 to be eligible for an HSBC Deluxe Mortgage
Properties we finance
- 1 – 4 unit, attached, detached primary residences
- 1 unit, attached, detached second homes
- 1 – 4 unit, attached, detached investment property
- Financing available in U.S. (except AK and WV, ARMs4 in RI)
- An International Credit Report (ICR) may be required for borrowers without 2 years U.S. residency or U.S. employment
- This product is eligible for Family Assisted Financing
- Borrowers may receive $1,000 Closing Cost credit, restrictions apply3
- Title vesting is permitted for U.S. Corporations and U.S. limited liability companies (LLC)7
- Borrowers who elect to have their monthly payment auto deducted from a U.S. HSBC checking account are eligible for an interest rate discount2
1 HSBC Deluxe Mortgage requires combined personal deposit and investment‡ balances of at least $75,000 U.S. Dollars or equivalent at any member of the HSBC Group (in the U.S. or home country). The minimum balance requirement must be fully funded before the closing of the mortgage loan. To learn more about the Deluxe Mortgage requirements contact an HSBC branch or 844.HSBC.MTG (844.472.2684).
2 Rates, discounts and loan amounts depend on specific program and may require certain personal deposit and investment balances, reserves, equity and automatic payment from an HSBC U.S. checking account.
6 International borrowers must have qualifying documentation to be eligible for an HSBC Preferred Mortgage, HSBC Deluxe Mortgage and HSBC Elite Mortgage. Monthly mortgage payments must be made in U.S. funds.
8 Available on adjustable rate mortgage (ARM) loans only. When 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.
‡ Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.
** HomeStory Real Estate Services is a licensed real estate broker. HomeStory Real Estate Services is not affiliated with HSBC, and HSBC is not responsible for the real estate services and rewards program provided by HomeStory Real Estate Services. Obtaining a mortgage from HSBC is optional and not required to participate in HomeStory Real Estate Services’ home rewards program. The borrower may arrange for financing with any lender. For HomeStory terms and conditions visit https://hsbc.homestory.co/.
Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for properties located in the U.S. 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.
If you are a service member on active duty looking to refinance your mortgage loan, please consult your legal advisor regarding whether your existing mortgage loan is eligible for benefits under the Servicemembers Civil Relief Act and how a refinance may impact those benefits.
*Rate is subject to change based upon your banking relationship with HSBC. Rates shown are for New York only; for current rates available in other states, please call 866.427.2101.
*Explanation of Terms
Annual Percentage Rate (APR) and Monthly Payment
The APR is the annual cost of the loan and includes fees (such as mortgage insurance, most closing costs, discount points and loan origination fees) indicating the total cost of the loan.
Adjustable Rate Mortgages (ARMs)
The APR and monthly payment shown for Adjustable Rate Mortgages (ARMs) may increase or decrease after the initial fixed rate period per the terms stated in your adjustable rate note.
Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates available to most customers. Your individual rate may vary.
Assumptions: The Jumbo Fixed Rate and Adjustable Rate Mortgages APR and Monthly Payment calculation is based on a loan amount of $2,000,000 for the purchase of an owner occupied property, a down payment of 35%, closing costs of $2,373.75 plus points shown above, 15 days of prepaid interest and an interest rate with a 60-day lock period.
5/1 ARM Jumbo Deluxe: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 months, the principal and interest payment will be $7695.70 with a corresponding simple interest rate of 2.300%. For the remaining 300 months, the principal and interest payment will vary based upon the margin added to the current index on scheduled adjustment dates (which may be subject to adjustment or lifetime interest rate caps). Therefore, the actual interest rate and monthly principal and interest payment may be higher or lower than shown here.
30yr Fixed Jumbo Deluxe: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $8500.48 with a corresponding simple interest rate of 3.063%.