"I was pre-approved by two different lenders and Opendoor blew the other lenders' rates out of the water. No one believes I didn't have to buy down points to get my mortgage rate."
Pamela C.
Colorado
Get one of the country's lowest mortgage rates
Plus exclusive 5/6 ARM rates as low as 4.99% (5.849% APR) on select homes.
Rate details
* 4.990% interest rate / 5.849% APR. The Opendoor Incentive Rate is the lowest advertised 5/6 ARM rate for homes with special incentives. Its described rate and APR are home specific and assume a 5/6 adjustable-rate mortgage with a rate fixed for the first 5 years of the term, then it can change. These estimates also assume a 20% down payment and a credit score of 780. The rate-lock period is 30 days. The payment shown is the initial payment. Actual rates will vary by home and borrower.
These estimates are not personalized loan offers or offers to enter into an interest rate or discount point agreement. Any such agreement must be in writing and signed by both the borrower and the lender.
The incentive offer is subject to credit approval and may not be combined with other existing promotions. It requires financing through the seller’s affiliate, Opendoor Home Loans, but using Opendoor Home Loans is not required to purchase a home. Buyer qualification may include, but is not limited to, a minimum down payment of 20%, a minimum credit score of 780, first-time home buyer and owner occupancy requirements.
Final qualification and terms depend on a completed application, underwriting, property details, market conditions, and any changes in investor guidelines or programs.
Limited funds are available. Rates may change or be unavailable at loan commitment, lock-in, or closing if funds are exhausted. Products are not available in all markets.
The advertised APR reflects discount points paid by Opendoor Home Loans and/or Opendoor. The actual APR may be higher and can vary depending on lender fees charged.
Market rates are affected by market trends and other factors. Actual conditions can differ materially from forward-looking statements. No statement guarantees present or future market conditions or market values.
Estimated monthly payments show principal and interest only and are rounded to the nearest dollar. They exclude property taxes, homeowners insurance, mortgage insurance, HOA dues, flood insurance, utilities, and maintenance. Your total monthly housing costs will be higher. Monthly estimates and home prices exclude closing costs and other fees paid by the buyer. Home prices are subject to change without notice.
APOR is the Average Prime Offer Rate for a 5/6 adjustable-rate mortgage. It is a market benchmark, not a loan offer.
All mortgage services are provided by Opendoor Home Loans LLC, an Equal Housing Lender. Verify our license.
Our rates. Your home.
Location
Purchase price
$
Down payment
$
%
Loan term
Credit score
6.9907.032%
Rate / APR
$2,393
Estimated principal & interestThis estimate covers principal and interest only. Property taxes and homeowners insurance are separate, and mortgage insurance can also apply.
Buy a lower rate
Pay points at closing to choose a lower available rate.
$0
0 pts
This calculator shows estimates for fixed-rate mortgages only. To see available ARM options, complete an application.
Opendoor Drops
Special mortgage rates.
Explore this week’s mortgage offers on select Opendoor homes.
Mortgage rates as low as
4.99%
5.849% APR5/6 ARM
Market benchmark
6.450%
APOR5/6 ARM
1.460 percentage points below market benchmark
This drop ends in
Rate fixed for 5 years, then adjusts every 6 months. Rates and payments can increase. For qualified buyers. Rates subject to change.
See homes with special ratesRate details
* 4.990% interest rate / 5.849% APR. The Opendoor Incentive Rate is the lowest advertised 5/6 ARM rate for homes with special incentives. Its described rate and APR are home specific and assume a 5/6 adjustable-rate mortgage with a rate fixed for the first 5 years of the term, then it can change. These estimates also assume a 20% down payment and a credit score of 780. The rate-lock period is 30 days. The payment shown is the initial payment. Actual rates will vary by home and borrower.
These estimates are not personalized loan offers or offers to enter into an interest rate or discount point agreement. Any such agreement must be in writing and signed by both the borrower and the lender.
The incentive offer is subject to credit approval and may not be combined with other existing promotions. It requires financing through the seller’s affiliate, Opendoor Home Loans, but using Opendoor Home Loans is not required to purchase a home. Buyer qualification may include, but is not limited to, a minimum down payment of 20%, a minimum credit score of 780, first-time home buyer and owner occupancy requirements.
Final qualification and terms depend on a completed application, underwriting, property details, market conditions, and any changes in investor guidelines or programs.
Limited funds are available. Rates may change or be unavailable at loan commitment, lock-in, or closing if funds are exhausted. Products are not available in all markets.
The advertised APR reflects discount points paid by Opendoor Home Loans and/or Opendoor. The actual APR may be higher and can vary depending on lender fees charged.
Market rates are affected by market trends and other factors. Actual conditions can differ materially from forward-looking statements. No statement guarantees present or future market conditions or market values.
Estimated monthly payments show principal and interest only and are rounded to the nearest dollar. They exclude property taxes, homeowners insurance, mortgage insurance, HOA dues, flood insurance, utilities, and maintenance. Your total monthly housing costs will be higher. Monthly estimates and home prices exclude closing costs and other fees paid by the buyer. Home prices are subject to change without notice.
APOR is the Average Prime Offer Rate for a 5/6 adjustable-rate mortgage. It is a market benchmark, not a loan offer.
All mortgage services are provided by Opendoor Home Loans LLC, an Equal Housing Lender. Verify our license.
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A lower mortgage rate could save you hundreds every month, and tens of thousands over the life of your loan.
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Reviews of
Opendoor
Home LoansReviews of Opendoor Home Loans
"I was pre-approved by two different lenders and Opendoor blew the other lenders' rates out of the water. No one believes I didn't have to buy down points to get my mortgage rate."
Pamela C.Colorado
How does it work?
- 1
Confirm your eligibility
Get pre-approved with actual mortgage rate and payment information. - 2
Lock your mortgage rate
Protect your rate from market changes while you get ready to close. - 3
Complete your loan
We’ll guide you through underwriting and get your mortgage ready to fund.
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