More information of Mortgage loan
What you should know about Regions Bank mortgage loans is that you will need a minimum score of 620 and a debt-to-income ratio of 45%. This bank operates in the following states: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina and Texas.
When it comes to available mortgages, you can apply:
- FHA loans
- VA Mortgages
- Construction loans
- 1/1, 3/1, 5/1 and 7/1 ARMs
- Conventional fixed rate loans
- HARP (Home Affordable Refinance Program)
- Repair and Renovation Loan
- Refinance loans
- USDA Mortgage
- HELOC
The official website does not show interest rates or APRs for the mortgages they offer. The equity line of credit (HELOC) has no annuity and its closing costs range from $150 to $2000.
On the other hand, the home equity loan has no closing costs. You can do the application and documentation process through their website.
Regions Banks mortgages are suitable for those who live in their catchment area, qualify as first-time buyers or want a home equity mortgage loan with no closing costs. If you do not meet the requirements of this entity, there are many alternatives on Busconómico that you can investigate at your leisure.
Español: Créditos hipotecarios del Regions Bank