Fifth Third Bank Fixed Rate Mortgage Loan review

When you have the opportunity to get major financing, knowing how much you'll end up paying helps your finances. That's the principle behind Fifth Third Bank's fixed-rate mortgage, a reliable option that lets you know your monthly payments and whose interest rate won't change over the life of the loan.

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Purpose
For financiate: First or second residence
Destiny: Buy or refinance
Advantages: Wide range of products, calculators and payment flexibility
Interest
Interest: Consult
APR: Consult
Limits
Minimum of years: 15 years
Maximum years: 30 years
Minimum financing: Consult
Maximum funding: Consult
Maximum percentage: 80%
Commissions
Investigation commission: Consult
Opening commission: 2%
Commission for advance payment: Consult
Commission for surrogacy: Consult

More information of Fixed Rate Mortgage

It should be noted that the official information on the Fifth Third fixed-rate mortgage is not exactly detailed. Because it is a conventional mortgage loan, we assume the standard 20% down payment and the requirement of a score above 620. This bank product is available in: FL, GA, IL, IN, KY, MI, NC, OH, TN and WV.

Fifth Third Banks mortgage loansAlthough the documentation will vary according to the mortgage you apply for, this lender usually asks for:

  • Social Security Number
  • Previous year's W2 form
  • Payment receipts for the last 2 months
  • Tax returns (last 2 years)
  • Most recent bank statements (2 months)
  • List of debts: credit cards, loans, and more
  • State ID, passport or driver's license
  • Profit and loss statements (stand-alone)
  • Inventory of assets: cars, real estate, accounts, retirement funds, investments, etc.

As for closing costs, keep the following in mind:

  • Appraisal
  • State taxes
  • Real estate inspection
  • Private Mortgage Insurance (PMI)
  • Preparation of documentation
  • Deed charges
  • Credit report
  • Taxes

Fifth Third Bank's fixed-rate mortgage may be the ideal choice if you live where Fifth Third Bank operates and can contact them at 1-866-351-5353. If this product doesn't work for you, Busconomico's search engine may provide the answer you need.

Español: Hipoteca Fija del Fifth Third Bank