The Bank of the Ohio Valley started in 1858 in Cincinnati, Ohio. Third National Bank bought it in 1871, and it soon became known as Fifth Third Bank. It was one of the most stable banks during the depression, and, by 2010, the bank had more than 1300 branches across the country. The bank now offers mortgages to consumers. You can obtain a fixed-rate mortgage or an adjustable-rate mortgage with the bank. Fifth Third Bancorp mortgage rates can be found online, so you will know that you are getting the lowest rate. A mortgage loan specialist is standing by to speak to you about a mortgage from Fifth Third Bancorp.
Fifth Third Bancorp Current Mortgage Rates
Fifth Third Bancorp can help you find the right mortgage for your needs. Whether you are a first-time homebuyer or you are an experienced homebuyer, the company can effectively handle your mortgage needs. The current mortgage rates can be found on their web page.
|Type of Mortgage Rate||Interest Rate||APR (Annual Percentage Rate)||Estimated Monthly Payment|
|15-year fixed rate||3.500%||3.591%||$1143|
|20-year fixed rate||4.125%||4.198%||$980|
|30-year fixed rate||4.250%||4.335%||$787|
*** Rates can change daily, so check the website for the latest information.
Fifth Third Bancorp Mortgage Rates Additional Information
Fifth Third also offers mortgages if you need a loan for more than $417000. You can obtain a jumbo mortgage rate quote by calling the company. There are numerous factors that are considered when giving you a mortgage rate.
Fifth Third Mortgage company wants you to have a credit score of at least 740. The loan amount needs to be at least $160000, and a maximum loan to value ratio of 75%. The lender can lock in your rate for 60 days, so you can get a low 30-year mortgage rate, 20-year mortgage rate, or 15-year mortgage rate, and the lender can freeze the rate, so it will not increase.
If you prefer, you can obtain an adjustable-rate mortgage. With this option, your adjustable mortgage rate will be the same for 7 years. After that initial period, the interest rate could increase depending on the current home mortgage rates. Mortgage rate trends can change quite often, so if you do not get a low rate, you might choose the adjustable mortgage option.
You can purchase mortgage rates and receive a discount on your mortgage rate. Furthermore, you can also receive a discounted rate for participating in the automatic payment program.
Fifth Third Bancorp have a mortgage calculator on their website too. This mortgage rates calculator can help determine your payment amount, so you will know if you can afford the loan.
You can apply for a loan online, and you can check the status of your application online. For veterans or military personnel, VA loans are available. Construction loans are also offered.
To obtain a mortgage from Fifth Third, you need a good credit score; however, if approved, the Fifth Third Bancorp mortgage rates are very low, so you can get a good mortgage with the company. The company will help you achieve your goals. They will evaluate your financial situation to help come up with the best loan for you.