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  Neighbors Bank Mortgage
Neighbors Bank Mortgage
in Home Loans from Neighbors Bank · NMLS ID #491986
Unaffiliated

Neighbors Bank Mortgage

Unaffiliated
in Home Loans from Neighbors Bank · NMLS ID #491986
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Highlights
Loan Amount N/A
Loan Term (Years) Starting at 10 years
Credit Score Range Starting at 620
No Origination Fee N/A

Neighbors Bank Mortgage Review

Neighbors Bank Mortgage is offered by Neighbors Bank (NMLS #491986), a bank founded in 1945 and based in Columbia, MO. Neighbors Bank Mortgage is available in 50 states (and Washington, DC).

Key Takeaways

  • 3 different mortgage programs offered. Neighbors Bank Mortgage offers FHA, USDA, VA, conforming, and conventional mortgages.
  • Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
  • Standard interest rates types. Neighbors Bank Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Neighbors Bank Mortgage.

Neighbors Bank Mortgage Pros & Cons

Pros Cons
  • Considers applicants with fair credit.
  • Offers financing for single family, multi-family, and manufactured homes.
  • Available in all 50 states.
  • Charges an origination fee.
  • Charges prepayment fees.

Neighbors Bank Mortgage FAQ

What mortgage rates does Neighbors 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, Neighbors Bank Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Neighbors Bank Mortgage offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does Neighbors Bank Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Neighbors Bank Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for Neighbors Bank Mortgage is (833) 514-4190.

What is the support contact email?

The support contact email for this business credit card is welcome@neighborsbank.com.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday 9:00am - 5:00pm

About Neighbors Bank Mortgage

Availability

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

Feature Breakdown

Credit Score Range 620 -
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Individual Applications
Minimum Age 18
Minimum Down Payment Starting at 3.5%
Property Type
  • Single Family Home
  • Townhome
  • Multi-Family Home
  • Manufactured/Mobile Home
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Insurance
Loan Term Starting at 10 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • USDA
  • VA

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