Where does Banner Bank do business?
Banner Bank is based in Walla Walla, WA. The company was founded in 1890 and offers mortgages to borrowers in 5 states.
How much can you borrow via Banner Bank?
Banner Bank allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What range of rates does Banner Bank offer?
Banner Bank offers home loans with APRs starting at 3.442% .
Does Banner Bank charge a mortgage origination fee?
Yes, Banner Bank may charge a loan origination fee.
What mortgage programs does Banner Bank offer?
Banner Bank offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Banner Bank allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Banner Bank allows the following property usage types:
- Primary home