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National Mortgage Rates

Loan Type

This Week

 Last
Week
30 yr fixed 5.15% 5.13%
15 yr fixed 4.55% 4.54%
5/1 ARM 4.56% 4.54%
Rates as of 2/04/10
Source: bankrate.com - Weekly Interest Rate Roundup 

LOAN CHOICES

Riverview Loans

Select the loan type to the left that you would like to learn more about.

See Our Bank-Owned Properties 

Consumer Loans

Achieve your goals with a Riverview loan. Whether you are looking to remodel a bathroom, take a much-needed vacation, buy a car or finance a college education, Riverview can help. From home equity loans to auto loans and personal credit lines, we can help get the money you need to meet your personal goals.

Unsecured

Uses: Various uses such as older used vehicles, motorcycles, ATVs, personal watercrafts (jet-skis), or other personal use.

Maximum Limit: $25,000
Fees:

  • $125 Loan Fee ($75 with auto-payment from Riverview Checking account)
  • Department of Licensing Fees (if applicable)
Benefits:
  • Competitive interest rates
  • Auto-payment available
  • Consolidate credit cards/loans at a lower interest rate

Auto/RV Loan

Uses: For current year vehicles or pre-owned vehicles up to 10 years old.

Maximum Limit: MSRP, 100% of the retail value OAC or 100% of the purchase price plus applicable sales tax, whichever is less
Fees:

  • $125 Loan Fee ($75 with auto-payment from Riverview Checking account)
  • Department of Licensing Fees (if applicable)
Benefits:
  • Get Pre-approved so you can negotiate as a cash buyer
  • Competitive interest rates
  • Never a pre-payment penalty

Personal Loans & Lines of Credit

Uses: Unsecured line attached to the customer's Riverview Checking account.

Maximum Limit: $25,000
Fees:

  • Interest rate tied to prime +4.00% margin
  • $30 annual fee
  • $5 per transaction fee to cover overdraft from Personal Checking account
  • No fee on approved withdrawals 
  • Benefits:
  • Fast and easy access to funds
  • Competitive interest rates
  • Consolidate credit cards/loans at a lower interest rate
  • Convenient
  • No collateral required

CD and Savings Secured

Uses: A savings or CD secured loan is a loan secured by funds held in the applicant's account. Funds held as security on these types of loans may not be withdrawn below the balance of the loan. The funds securing the loan will continue to earn interest.

Maximum Limit: N/A
Fees: None if tied to a Riverview Checking account, otherwise $75.00
Interest rate: 3.00% margin + deposit rate with 6% floor

Mortgage Loans

Riverview Mortgage Brokerage Service offers an array of products and lenders to meet your needs. Every families financial situtation is different. We work with a variety of lenders and look at literally hundreds of different packages. We will shop the national market to get our customers the best product to meet their particular needs.

Making Home Affordable program

Fixed Rate Loans

For customers who want the long-term security of a fixed rate and payments.

Loan to Value Maximums: Up to 90% with Private Mortgage Insurance
Terms: 15/20/30 years
Benefits: Peace of mind. A fixed rate offers the security of being able to budget your monthly payment for the life of the loan.

Adjustable Rate Mortgages are also available.

Balloon Loans

This owner-occupied program is for customers who desire a lower initial payment, first time home buyers or those planning to move or refinance in a few years.

Loan to Value Maximums: 80%
Terms: 30-year amortization with 3- or 5-year balloon
Benefits:
A balloon is a fixed rate loan that begins with a low, fixed payment and ends with a single payment due at the end of the balloon period.

Combo Construction Loans

For customers who wish to have their own home built by a licensed, approved builder with one convenient closing.

Loan to Value Maximums: 80%
Terms: 30 year fixed rate
Benefits:

  • Combines the 9-month construction period with permanent financing for one convenient package and closing.
  • All Fixed loans are eligible.
  • Interest-only payments through the construction period.
  • One-time rate adjustment upon completion and updated credit required.

Home Equity Loans

Riverview offers Home Equity Lines of Credit and Loans to meet our customers needs.

Home Equity Line of Credit

For customers who want flexibility and convenience in a revolving line of credit product with tax advantages.* Suggested uses include: autos, recreational vehicles, boats, travel trailers, vacation, college, wedding, remodel or home improvements, bill consolidation.

Annual Fee: $50, waived the first year
Origination Fee: None
Loan Fee: Under $100,000 - except appraisal and or escrow fees if needed, Over $100,000 - typical loan fees 
Terms: 10-year draw period due in 15-year repayment period
Minimum Payment: Interest only during draw period, or 2% of the outstanding balance if in 15-year repayment.
Minimum: $10,000
Maximum Loan to Value: Up to 80% OAC
Benefits:

  • Competitive interest rates
  • Minimum payments accrued interest only
  • Low annual fee
  • Free checks for easy access to funds
  • Interest on loans may be tax deductible

Please include the following items with submitting your completed application: verification of your earnings, current tax assessment, evidence of your homeowners insurance, and picture identification.

* Please consult your tax advisor regarding the deductibility of interest and charges.

Disclaimer

Fixed Rate Home Equity Loan

For customers who want the long-term security of a fixed rate and payments along with the tax advantages of a home equity loan.* Suggested uses include: autos, recreational vehicles, boats, travel trailers, vacation, college, wedding, remodel or home improvements, bill consolidation.

Annual Fee: None
Origination Fee: $75 when using autopay from a Riverview Checking account, otherwise $125
Fees: Typical closing fees
Terms: 15-year
Minimum Payment: Amortized
Minimum: $10,000
Maximum Loan to Value: Up to 80% OAC

Please include the following items with submitting your completed application: verification of your earnings, current tax assessment, evidence of your homeowners insurance, and picture identification.

* Please consult your tax advisor regarding the deductibility of interest and charges.

Disclaimer

Visa®


Riverview offers a vast array of credit card options to help meet everyone's needs. If you need help selecting which card is right for you, please see your local Riverview Branch and we will be happy to assist you in choosing your card.

All Riverview cards come with Verified By Visa®. Verified by Visa® is a free service that provides you with a secret password for your Visa® Card. It protects you from unauthorized use when you use your card to shop at participating online merchants.

It's easy to sign up, easy to use and best of all it's free! If you are already a Riverview credit card holder click here to view your account.

Visa® Signature Card 

This card offers competitive rates, flexible spending power, versatile rewards, and exclusive Visa Signature privileges, all with no annual fee.  Earn 1 point for every dollar spent and choose to redeem your points on everything from unlimited 1% cash back, to roundtrip airline tickets, to merchandise and gift cards. Special introductory rate for the first six months and 2,500 first-use bonus points.

To apply for your Riverview Visa® Signature card, or for more details, stop by your local branch office or apply here.

Visa® Platinum Card

This card provides both convenience and flexibility.  With no annual fee, competitive rates, and generous credit lines, the Visa Platinum card is the perfect accompaniment to your Riverview checking account in managing your finances. Special introductory rate for the first six months.

To apply for your Riverview Visa® Platinum card, or for more details, stop by your local branch office or apply here.

Secured Visa® Card

If you need to improve or re-establish your credit history, here's a great way to begin.  With the Secured Visa card, you establish a savings account that is pledged as security for your credit card account.  You'll enjoy the convenience of credit including the option to carry a balance while earning interest on your savings account, all with a low annual fee.

To apply for your Riverview Secured Visa® card, or for more details, stop by your local branch office or apply here.

College Rewards Visa®

Helps college students establish a solid credit rating without the need for a co-signer.

Earn one point for every net purchase dollar you charge, and use the points for a wide variety of reward options on travel, cash, gift certificates, or merchandise.  Plus, earn 1,000 bonus points upon the first use of your card, all with no annual fee.

To apply for your Riverview College Rewards Visa® card, or for more details, stop by your local branch office or apply here.

Co-Signer Visa®

Helps young adults (16 and older) learn good money management skills and build a solid credit history under the guidance of a co-signer. No annual fee and competitive low rates.

To apply for your Riverview Co-Signer Visa® card, or for more details, stop by your local branch office or apply here.

Meet Our Brokers

Riverview mortgage brokers represent the best and brightest in lending experience.

Our brokers understand that one loan doesn't fit all--everyone's financial situation is different. That's why our brokers work with a variety of lenders and look at literally hundreds of packages.

It's that kind of experience and dedication that will ensure you get the best product to fit your particular need.