Mortgages
Ameriprise mortgage solutions
Whichever type of home mortgage you require, the application process is simple, and you'll get an answer fast.
Our mortgage solutions offer these advantages:
- Competitive rates
- Low lending fees
- No hidden costs
- Accurate fee quotes
- Quick preapproval1
- Up to 90-day rate-lock option on many mortgages
- Personalized guidance from approval to closing
An Ameriprise financial advisor can help you determine the home mortgage options that best meet your needs.
For more information, please contact your advisor or call one of our loan specialists at 1 (866) 471-BANK (2265).
Fixed-rate mortgages
With this popular mortgage loan, the interest rate remains the same for the life of the loan.
Adjustable-rate mortgages (ARMs)
A variable- or adjustable-rate mortgage has an interest rate that fluctuates over the period of the loan and monthly payments change accordingly. Periodic adjustments based on changes in a defined index are made to the interest rate. The index for your particular loan is established when you apply for it.
Interest-only mortgages
A mortgage is "interest only" if the scheduled monthly mortgage payment consists of interest only. The option lasts for a specified period, usually 5 to 10 years, and borrowers can pay more than interest if they want to.
Flexible down payment mortgages
This loan offers a lower-than-standard down payment option. Otherwise, mortgage down payments of 10% to 20% are common.
Jumbo/super jumbo mortgages
A jumbo mortgage exceeds the limits set by Fannie Mae and Freddie Mac. Super jumbo mortgages exceed $1 million. Both carry a higher interest rate than a conventional mortgage.
1For qualified borrowers. Some loans may require additional information before preapproval. Subject to conditions.
Ameriprise Bank, FSB, Equal Housing Lender and Member FDIC, provides deposit, lending and personal trust products to Ameriprise Financial Services, Inc. Ameriprise Bank and Ameriprise Financial Services are subsidiaries of Ameriprise Financial, Inc. Ameriprise financial advisors may receive compensation for selling bank products.
Mortgage, home equity loan and line of credit products are provided by Ameriprise Bank, FSB
Home equity loans and lines of credit cannot be used to invest in securities. Home equity loans and lines of credit are not available in Texas.
Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. Some products and services may not be available in all jurisdictions or to all clients.
Related information
What will your payments be?
Use our mortgage calculator to quickly run some numbers.
How much can you afford?
Assess your current financial situation before you buy.