• Woman in CallCenter
  • Female African American doctor smiling, standing with your arms crossed.
  • ThinkstockPhotos-81265960
  • ThinkstockPhotos-163642640
  • Female Latin Business owner smilin.
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  • Young woman leaning against brick will, texting and laughing.
  • African American male , taking notes in front of laptop
  • A smiling Latin American woman is smiling with her arms folded.
  • Business Women sitting in lobby looking at a tablet.
  • African American smiling woman with shopping bags, a coffee and talking on the phone
  • African American Female standing in a grey suit
  • African American business man in chair smiling.
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  • Kasasa Cash Back. A young woman sits on the ground listening to music free of worry with her Kasasa Cash Back account
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  • Man in a coffee shop smiling on his phone. Industrial helps business owners bank on the go.

Mortgage Rates

Financial Tips

DISB warns consumers Beware of Real Estate Wire Scams. Protect yourself. Read More

Be suspicious of unsolicited e-mails asking you to click on a link, download an attachment, or provide account information.

If the web address starts with "https://" this means your information is encrypted on the site.

Use the strongest method available to log into financial accounts, especially for high-risk transactions.

Install software that protects against malware, or malicious software, which can access a computer system without your consent to steal passwords or account numbers.

Financial aid can be a key component in paying for college. Learn more about how to compare financing options

Should you use your extra money to pay down debt or put into an investment? Explore how your rate of return could compare to your cost of debt, taking taxes into account.

It’s never too early to think about your retirement. Develop a strategy to meet your retirement savings goals.

Unsure which mortgage option is best for you?

Residential Lending Rates as of:

Loan Type Rate
Conventional 30-Year Fixed 6.125%
VA 30 yr Fixed 6.375%
FHA 30 yr Fixed 6.125%
High Balance 30 yr Fixed 6.375%
Home Equity Loan 30 yr Fixed 7.50%
Home Equity Loan 15 yr Fixed 7.125%

*These rates are dependent upon a full credit analysis and borrower profile characteristics to be deemed credit worthy by Industrial Bank.

*Other Product Offerings:

Conventional Products

  • FNMA HomeReady
  • FHLMC HomePossible
  • Lender Paid Mortgage Insurance (LPMI)
  • Manufactured Housing
  • Industrial Bank Piggyback 1st & 2nd Combo
  • All Maryland MMP Products including Down Payment & Closing Cost assistance
  • FHLB Down Payment Assistance

Government Products

  • FHA Jumbo/Super Conforming
  • FHA Streamline Refinance
  • FHA 203K Rehab
  • VA Jumbo/Super Conforming
  • VA Interest Rate Reduction Refinance Loan (IRRRL)
  • All Maryland MMP Products

Non Agency & Jumbo

  • Jumbo 30 & 15 Yr Fixed
  • Alt Doc & Bank Statement
  • Debt Service Coverage Ratio (DSCR)
  • Non Warrantable Condos
*Please inquire with your MLO regarding rates and guidelines for the above products*

Just a note, the customer services I received today was outstanding, knowledgeable, patient, professional and simply helpful. Mrs. Tekel is an asset.

Norman R. Hodges
Owner of 4c Mobile Services

From out first interaction 9 years ago until today, everyone and I do mean everyone, has always gone above and beyond to make our customer experience the best it could be.

Salvatore Speziale
Ciao Osteria Italian Restaurant

Thank you to Industrial Bank for helping the black church throughout your entire 80 years. Thank you for how you empower the community.

Rev. Dr. G. Browning
Pastor of Ebenezer AME Church

Industrial has made a big difference in the African American community. So many people depend on it. I’m so proud of them and all they do.

V. Ali
Co-owner of the popular DC eatery Ben’s Chili Bowl

They are very straightforward without the gimmicks and hidden fees. The Business/Non-profit account fees they do have are the lowest, especially in the DC Metro area. I love this bank and can't believe I had not tried them sooner.

Tariq

So neat to just learn that this bank still exists and to know that it has existed for 80 years. I know that it was right down the street from me when I was a child now I am 61! :-)

Gaye Bri Moore

With my new job, I will be depositing my coins into a Black Owned bank (@BankIndustrial). Goodbye, Bank of America.

D. Gambrell @DcsMediaDiva

As a millennial I'm proud to be a part of @BankIndustrial. -@savantmusa


Another awesome experience at @BankIndustrial. I discussed the need for an internship for students with them. Gotta look out for the youth.

M. Hughes

We are moving our resources to a Black bank @BankIndustrial in DC that is investing & helping our community. @revtonylee #ReachWithUs - ABFE @ABFE


Our commitment has only grown stronger though the years, and we stand poised to bring our unwavering commitment of delivering convenient, personalized, high-quality products to the communities we serve.

B. Doyle Mitchell, Jr.
President/CEO of Industrial Bank

Banking with Industrial has been easy. My banker at the Oxon Hill banking center helped me establish a Student Checking account, so now I can bank on the go.

C. Johnson
College Student

Industrial helped me make my small business more successful. I received an SBA-expedited loan and merchant services, and I get fantastic service.

M. Luiz
Small Business Owner

I never knew helping my customers could be so easy! Industrial offers mortgage products and friendly service to help first-time home buyers, with no down payment!

J. Smith
Realtor

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Jan 20, 2024, 13:21 PM

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Apr 2, 2020, 15:35 PM

Financial Education

Financial Education

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Mar 28, 2019, 18:03 PM

Information

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Nov 10, 2015, 10:20 AM

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Nov 10, 2015, 10:09 AM
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Mortgage

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Oct 20, 2015, 02:05 AM

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