Select Mortgage | Home Loans

Home
Home loans center
Mortgages
Select mortgage

Here's what you get with an HSBC Select Mortgage

Get up to $2 million in financing on primary residences and second homes. Choose either a fixed rate mortgage[@fixedratedef] or an adjustable rate mortgage (ARM)[@armdef].

For borrowers with no HSBC relationship or existing customers with less than $25,000 in combined HSBC personal deposit and investment[@investmentandinsuranceproducts] balances.

20% down payment on mortgages up to $2 million
$250 towards closing cost credit[@closingcostcredit]
Help a family member buy a home with family assisted financing[@familyassistedfinance].
Ability to use Restricted Stock Units (RSU) as income

Get started

You don't need to be an HSBC customer to apply for a Select Mortgage.

Get financing on either primary residences or second homes.

Title Vesting for U.S. corporations and U.S. limited liability companies[@titlevesting].

HSBC Select Mortgage rates

Choose either a fixed rate mortgage or an adjustable rate mortgage (ARM).
Term	Interest rate	APR
30 year fixed rate	6.648%	6.699%
10/6 ARM	6.335%	6.732%
7/6 ARM	6.150%	6.786%
5/6 ARM	5.878%	6.822%

Choose either a fixed rate mortgage or an adjustable rate mortgage (ARM).
Term	30 year fixed rate
Interest rate	6.648%
APR	6.699%

Term	10/6 ARM
Interest rate	6.335%
APR	6.732%

Term	7/6 ARM
Interest rate	6.150%
APR	6.786%

Term	5/6 ARM
Interest rate	5.878%
APR	6.822%

View all mortgage rates

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. See Assumptions, APR information and disclosures for each products' corresponding closing costs, points, and payment examples. Rates shown are for New York only; for current rates available in other states, please call 866.959.8635.

Mortgage calculator

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

Input your loan terms and down payment
View mortgage rates and options available to you

Build your mortgage

Things you should know

Who can apply?

You can apply for a Select Mortgage if you:

Are a U.S. citizen or a permanent resident alien (foreign nationals granted the right to live in the U.S. permanently)
Have a combined personal and investment balance of less than $25,000 with HSBC

1 – 4 unit, attached, detached primary and secondary homes
Financing available in U.S. (except AK and WV, ARMs in RI)

Borrowers may receive $250 Closing Cost credit, restrictions apply
Title vesting is permitted for U.S. Corporations and U.S. limited liability companies (LLC)
Foreign nationals are not eligible

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:

The Jumbo Fixed Rate and Adjustable Rate Mortgages APR and Monthly Payment calculation is 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.

Payment examples[@escrow]:

HSBC Select 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 $5,530.71 with a corresponding interest rate of 5.264%.

HSBC Select 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 $5,348.07 with a corresponding interest rate of 4.967%. 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 Select 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 $5,374.94 with a corresponding interest rate of 5.011%. 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 Select 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 $5,339.53 with a corresponding interest rate of 4.953%. 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.

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 available in Rhode Island.

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.

Fixed rate mortgage

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

Interest rate

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

Jumbo mortgage

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

Start application for Select Mortgage

Looking to buy a new home, or to refinance your existing home?

Get prequalified[@prequalified] online, or speak to an HSBC Mortgage Consultant for a rate quote.

Apply now

Family assisted financing

Help a family member buy a home in the U.S.

Mortgage calculators

Find out how much you could borrow and what your payments might be, with our interactive mortgage tools.

Mortgage refinance rates

We make refinancing a home simple. Compare today's rates.

Additional information

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 canceled 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 Select Mortgage

Here's what you get with an HSBC Select Mortgage

Key benefits

No HSBC relationship required

Primary or secondary homes

Title vesting

HSBC Select Mortgage rates

Mortgage calculator

Things you should know

Who can apply?

Properties we finance

Important notes

Rates, discounts and loan amounts

Assumptions, APR information and disclosures

Explanation of terms

Start application for Select Mortgage

You might be interested in

Family assisted financing

Mortgage calculators

Mortgage refinance rates

Additional information

Disclaimers

Connect with us