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.
Although 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