HSBC Elite Mortgage benefits
- Financing available on investment properties
- 1-4 unit (attached and detached), condos, Planned Unit Developments (PUDs), and cooperatives9
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
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 $1,500 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 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 branch or call 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.
Qualifying for the reward requires utilizing a HomeStory certified real estate agent to complete the real estate buy and/or sell transaction. If you are currently working with a real estate agent, this is not a solicitation. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. An agent commission reduction, rebate, and/or credit may be available for sellers in lieu of the reward in Mississippi, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. Rewards in Kansas and Tennessee are required to be delivered by gift card. In Kansas, the reward is set to $1,000 regardless of the sale price of the property. An agent commission reduction may be available for sellers in lieu of the reward in New Jersey and should be discussed with the agent upon enrollment. An agent rebate may be available for buyers in lieu of the reward in New Jersey and should be discussed with the agent upon enrollment.
HomeStory will issue a reward in the form of a check unless otherwise directed by state law and will be sent to the client enrolled in the program within 45 days of closing. Depending on state regulations highlighted above, the reward amount is based on the sale price of the home purchased and/or sold and cannot exceed $6,500 per buy or sell transaction. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Employer-sponsored relocations may preclude participation in the reward program offering. HSBC is not responsible for the reward.
If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.
The reward is valid for 18 months from the date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.
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.
Offer subject to change or cancellation without notice.
The trademarks, logos, and names of other companies, products and services are the property of their respective owners.
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 property 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.
*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
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 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 Elite: 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 $7686.49 with a corresponding simple interest rate of 2.291%. 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 Elite: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $8551.49 with a corresponding simple interest rate of 3.110%.