HSBC Preferred Mortgage

• 1-4 unit, attached, detached primary residences, second homes, and investment properties
• Financing available in U.S. (except AK and WV, ARMs in RI)

• This product is eligible for Family Assisted Financing
• Borrowers may receive $750 Closing Cost credit, restrictions apply
• An International Credit Report (ICR) may be required for borrowers without 2 years U.S. residency or U.S. employment
• Title vesting is permitted for U.S. Corporations and U.S. limited liability companies (LLC)[@titlevesting]

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.

Jumbo Preferred 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 $2,223.75 plus 0.00 points.

HSBC Preferred 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 $6378.66 with a corresponding interest rate of 6.588%.

HSBC Preferred 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 $6170.19 with a corresponding interest rate of 6.270%. 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 Preferred 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 $6050.26 with a corresponding interest rate of 6.085%. 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 Preferred 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 $5875.81 with a corresponding interest rate of 5.813%. 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.

HSBC Preferred Mortgage requires combined personal deposit and investment[@investmentandinsuranceproducts] balances of at least $25,000 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 Preferred Mortgage requirements contact an HSBC representative or call (844.472.2684). 

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 available in Rhode Island.

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.

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

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

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