Elite Mortgage - Home Loans

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Elite Mortgage

Access up to $5 million in financing

What you get with our HSBC Elite Mortgage¹

$1,500 Closing Cost Credit²
Extended rate lock options, for up to 360 days³
Title Vesting for U.S. corporations and U.S. limited liability companies (LLC)⁴

HSBC Elite Mortgage Rates
	Interest Rate	APR
30 Year Fixed Rate	6.128%	6.176%
10/6 ARM	5.755%	6.355%
7/6 ARM	5.600%	6.506%
5/6 ARM	5.398%	6.633%

HSBC Elite Mortgage Rates
	30 Year Fixed Rate
Interest Rate	6.128%
APR	6.176%

	10/6 ARM
Interest Rate	5.755%
APR	6.355%

	7/6 ARM
Interest Rate	5.600%
APR	6.506%

	5/6 ARM
Interest Rate	5.398%
APR	6.633%

Jumbo mortgages: based on the purchase of a single-family, primary residence, 65% loan- to-value (LTV), a credit score of 740, 15 days of prepaid interest and an interest rate with a 60-day lock period. For each products' corresponding closing costs, points, and payment examples click assumptions drop down below. Rates shown are for New York only; for current rates available in other states or for refinance rates, please call 866.427.2101.

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.

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:

Jumbo Elite Fixed Rate and Adjustable Rate Mortgage APR and Monthly Payment calculations are based on a loan amount of $1,000,000 and a down payment of 35%, with closing costs of $2486.75 plus 0.00 points.

Payment Examples:

HSBC Elite Mortgage 30 Year Fixed Rate: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly principal and interest payments will be $6078.05 with a corresponding interest rate of 6.128%.

HSBC Elite Mortgage 10/6 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 120 months, the principal and interest payment will be $5838.91 with a corresponding interest rate of 5.755%. For the remaining 240 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 but never below the margin or the floor rate for the applicable program.

HSBC Elite Mortgage 7/6 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 84 months, the principal and interest payment will be $5740.79 with a corresponding interest rate of 5.600%. For the remaining 276 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 but never below the margin or the floor rate for the applicable program.

HSBC Elite Mortgage 5/6 ARM: 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 $5614.06 with a corresponding interest rate of 5.398%. 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 but never below the margin or the floor rate for the applicable program.

Disclosures:

HSBC Elite Mortgage requires combined personal deposit and investment^‡ balances of at least $1,000,000 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 Elite Mortgage requirements contact an HSBC representative or call 844.HSBC.MTG (844.472.2684).

HSBC Elite Mortgage features

Interest rates and discounts

Interest Only⁵ (ARMs⁶ only) or Principal & Interest monthly payments
Interest rate roll down option

Investment properties

Financing available on investment properties
1-4 unit (attached and detached), condos, Planned Unit Developments (PUDs), and cooperatives⁷

International borrowers⁸

Financing solutions for international borrowers⁸ with qualifying documentation
You do not need U.S. credit history to apply for an HSBC mortgage

Get started

Rate Quote

A Mortgage Consultant will contact you with your personalized rate quote.

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Mortgage financing request

Take the first step to get prequalified⁹ to buy or refinance your home.

Get started online

Connect with a
Mortgage Consultant

Call 844.HSBC.MTG (844.472.2684) to speak with a Mortgage Consultant to learn more.

Build your mortgage

Use our calculator to explore your loan options and mortgage rates.

Input your loan terms and down payment
View mortgage rates and options built for you

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Am I eligible?

You’ll need an HSBC personal deposit and investment relationship of $1,000,000 or more to be eligible for an Elite Mortgage

Who can apply

U.S. citizens
Permanent and nonpermanent resident aliens
Foreign nationals⁸

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, ARMs³ in RI)

Credit report

An International Credit Report (ICR) may be required for borrowers without 2 years U.S. residency or U.S. employment

Important notes

This product is eligible for Family Assisted Financing¹⁰
Borrowers may receive $1,500 Closing Cost credit, restrictions apply²
Title vesting is permitted for U.S. Corporations and U.S. limited liability companies (LLC)⁴

Helpful links

View additional mortgage rates

Explore our mortgage calculators

Documents needed when applying for a mortgage

Explanation of Terms

Fixed rate mortgage – The interest rate remains the same for the full term of the mortgage.

Adjustable rate mortgage (ARM) – 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. ARMs not avaliable in Rhode Island.

Interest Rate – The rate of interest on a mortgage, expressed as a percentage.

APR – 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.

Jumbo mortgage – Jumbo home mortgages exceed the limits set by the Federal Housing Finance Agency (FHFA).

1 HSBC Elite Mortgage requires combined personal deposit and investment^‡ balances of at least $1,000,000 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 Elite Mortgage requirements contact an HSBC representative or call 844.HSBC.MTG (844.472.2684).

2 Must have a principal residence in the United States, U.S. Citizenship, or Permanent Residency to qualify for closing cost credit. For more information, please contact your mortgage professional.

3 The minimum extended rate lock period is 90 days; extended rate lock is available in 30-day segments, up to 360 days (e.g. 90, 120, 150 days).

4 The LLC or Corporation must be formed as a single purpose entity solely for the purpose of owning the subject property. Additional restrictions apply.

5 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.

6 Interest rate may increase per the terms stated in your adjustable rate note. ARMs not available in Rhode Island.

7 Mortgage financing on cooperatives is only available in MD, NJ, NY & Washington DC.

8 International borrowers must have qualifying documentation to be eligible for an HSBC Preferred Mortgage, HSBC Deluxe Mortgage, HSBC Elite Mortgage or HSBC Summit Mortgage. Monthly mortgage payments must be made in U.S. funds.

9 Final mortgage approval is subject to receipt of a satisfactory purchase contract by commitment expiration date, satisfactory appraisal and title report and completion of all conditions stated in your commitment letter.

10 A maximum of four borrowers are allowed and at least one borrower must have a Premier¹¹ relationship. The property being financed must be the primary residence of at least one borrower. Minimum FICO of 700 required, and options are available for international borrowers with qualifying documentation. Cash out refinances are not permitted. Please contact a Mortgage Consultant for specific details.

11 For a complete list of HSBC Premier Relationship eligibility requirements, please visit https://www.us.hsbc.com/premier or speak with your Relationship Manager.

‡ 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.

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

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.

HSBC Elite Mortgage