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M&T Bank Mortgage Loan
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M&T Bank Mortgage Loan

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in Home Loans from M&T Bank
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Highlights
Loan Amount Up to $1,000,000
Loan Term (Years) 15 - 30 years
Credit Score Range Starting at 740
No Origination Fee N/A

M&T Bank Mortgage Loan Review

M&T Bank Mortgage Loan are offered by M&T Bank, a bank founded in 1856 and based in Buffalo, NY. M&T Bank Mortgage Loan are available in 50 states (and Washington, DC).

Key Takeaways

  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Only primary residences considered. M&T Bank Mortgage Loan does not offer financing for vacation homes or investment properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Very good credit required. You'll need a credit score of at least 740 to qualify.

M&T Bank Mortgage Loan Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Charges an origination fee.
  • Only considers applicants with good credit.
  • Charges prepayment fees.

M&T Bank Mortgage FAQ

How much can you borrow via M&T Bank?

M&T Bank Mortgage allows borrowers to apply for loan amounts of up to $1,000,000. 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 is the maximum loan term you can get with M&T Bank Mortgage?

M&T Bank Mortgage offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does M&T Bank offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, M&T Bank Mortgage may charge a loan origination fee.

What is the customer service phone number?

The customer service number for M&T Bank Mortgage Loan is (800) 724-2440.

What is the support contact email?

The support contact email for is ir@mtb.com .

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Credit Score Range 740 -
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • U.S. Tax Identification Number
  • Social Security Number
Loan Amount Up to $1,000,000
Loan Term 15 - 30 years

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