Mortgage Rates

At J.G. Wentworth Home Lending, we know that you want to find the best interest rate when you’re looking to purchase or refinance your home. With a low rate on your mortgage, you’ll have more money in your pocket to spend on the things that matter most. 

Built for Low Rates

J.G. Wentworth Home Lending is super-efficient and technologically advanced, which means we can offer you low mortgage rates with no points and low fees. Plus, with our streamlined application process, we can get you settled with your loan faster.

Want to see how low your rate could be? Get a quote in just seconds, with no personal information required.

Mortgage Rates vs. Annual Percentage Rates

What Is a Mortgage Rate?

Mortgage rates are the interest rates that are assigned to a home loan. There are many factors that determine mortgage rates, including inflation and market fluctuations. With our experience and innovative technology, J.G. Wentworth will work hard to find the best rate for you.

What Is an Annual Percentage Rate?

Annual percentage rates, or APRs, are percentages calculated by taking into account both the interest rate and the lender fees for a loan and providing a figure that represents a yearly total cost. Once the APR is calculated, the result will be the percentage of the total loan amount that must be paid each year. An APR makes it much easier to compare the cost of home loans against one another accurately.

What Is the Difference?

Mortgage rates simply tell you what percentage you’ll pay in interest on your loan, whereas the annual percentage rate (APR) will give you a more accurate picture of what you will actually be paying. The mortgage rate on your loan is integral to calculating the APR, so the two go hand-in-hand. 

Determining Your Rate

There are a number of factors that affect the mortgage rate that you will receive from J.G. Wentworth, including:

  • Type of Loan
    • There are a range of mortgage rates available that differ depending on the type of loan. There are several categories of home loan options such as conventional, FHA, and VA loans. Our loan specialists can help you determine which type of loan will offer you the best rate.
  • Loan Term
    • The loan term is an important factor in determining your mortgage rate. Typically, shorter-term loans will have a lower rate, while long-term loans often have higher rates. For example, a 15-year fixed rate loan will have a lower interest rate than a 30-year fixed rate loan. 
  • Down Payment Amount
    • Whether you choose a 15-year or 30-year loan, the more money that you are able to provide for a down payment on a home mortgage, the lower your interest rate will be. Your ability to put more money down will show us that you have more stake in the property, which allows us to offer you a lower rate.
    • When you refinance, you have the chance to make an additional payment on your mortgage. Doing this will lower your debt-to-income level and provide you with a better rate.
  • Credit History
    • After submitting a loan application, we will complete a credit check. Your credit score helps determine your risk level when calculating what your interest rate will be. When you build your credit, you are investing in yourself and you may be able to obtain a lower mortgage rate.

While none of these factors solely determines what your mortgage rate will be, they all play a role. Additionally, mortgage rates can change daily based on market trends, making it crucial to act quickly if you find the rate that works best for you. Contact us today or click here to get your rate quote. Once you receive a rate from us, you can estimate your monthly payment with our financial calculators.

Why Choose J.G. Wentworth?

With more than two decades of experience, J.G. Wentworth is proud to be a leading national direct lender. Here are several reasons to work with us:

  • Low, Low Mortgage Rates
    • With a low-interest rate on your home loan from J.G. Wentworth, you’ll have more money in your pocket for the things that matter most.
  • No Hidden Fees or “Gotcha” Points
    • While other lending companies may try to sneak fees and points into your loan’s closing costs, J.G. Wentworth does just the opposite. We are fully transparent throughout the home loan process and offer loans with no points.
  • Superior Customer Experience and User Reviews
    • With an A+ rating from the Better Business Bureau (BBB), and numerous 5-star reviews online from sites like Zillow and Consumer Affairs, our dedication to excellent customer service is apparent. We were also named Top Customer Rates by LendingTree in the first and third quarter of 2017.
  • Years of Experience
    • Since our inception, we have grown into one of the largest home lending companies in the country. We make it our mission to put our years of experience to work for you, getting you the best possible home loan with a low rate to suit your specific financial situation. 

Get Your Rate Quote Today

With mortgage rates staying at near all-time lows, there is no better time than the present to explore refinancing your mortgage or a getting new home loan. Call and speak to an experienced, licensed loan specialist or fill out a form today to learn how you can take advantage of low mortgage rates with J.G. Wentworth. 

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How do I get started?

J.G. Wentworth offers a wide variety of loan programs with low rates and no points and no hidden fees.  To get started, you can call us or let us contact you by completing a short form.  You can also get a rate quote in seconds with no personal information required. We look forward to working with you.