Wachovia Loan Rates
Today, here at Online Banking 411, we’re going to look at what is offered in Wachovia loan rates. There are several types of Wachovia loans, of course, so we’ll look at each individually and see what’s being offered right now.
All rates listed will assume you have the pre-requisites for that type of loan, such as good credit, required equity or down payments, income verification, and so forth.
For educational loans, the loan rates at Wachovia are 5.60% and 6.80% annual percentage rate (APR) fixed, depending on options, for a Stafford Loan while ParentGrad loan coverages are at 8.50% APR fixed.
Mortgage loans are also an important consideration for loan rates at Wachovia. A 30-year fixed loan is as low as 5.125% or 5.318% APR. An FHA bumps that up to 5.5% or 6.245% APR. 15-year fixed rate Wachovia loans are 4.625% or 4.952% APR. Adjustable rates (ARM) loans on 5-year (or 5/1) terms are at 4.00% (3.856% APR). An FHA ARM of the same type is 3.875% or 3.477% APR.
If you’re interested in a vehicle purchase, Wachovia loan rates will vary by location, of course, but new vehicle purchases are at 7.6% APR and 8.2% APR on national average. Larger purchases for motor homes will be different and smaller purchases such as motorcycles and ATVs are at higher interest, but shorter terms.
Finally, several credit card offers are available for those who need Wachovia loans that aren’t tied to anything. Most have a 0% introductory rate for up to six months and offer 8.5% APR and higher in rates, depending on credit worthiness and card type chosen. For newcomers to credit, the low-balance, starter cards are available with credit lines up to $2,000 and APRs starting at 14%.
Wachovia, of course, is FDIC insured. For the latest and localized loan rates at Wachovia, be sure to check your local branch.