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  Affiliated Bank Mortgage Refinance
Affiliated Bank Mortgage Refinance
in Mortgage Refinance from Affiliated Bank · NMLS ID #402132
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Affiliated Bank Mortgage Refinance

Unaffiliated
in Mortgage Refinance from Affiliated Bank · NMLS ID #402132
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Highlights
Loan Amount Up to $1,000,000
Loan Term (Years) 15 - 30 years

Affiliated Bank Mortgage Refinance Review

Affiliated Bank Mortgage Refinance is offered by Affiliated Bank (NMLS #402132), a bank founded in 1959 and based in Arlington, TX. Affiliated Bank Mortgage Refinance are available in 1 state across the USA.

Key Takeaways

  • 3 different mortgage programs offered. Affiliated Bank Mortgage Refinance refinances FHA, USDA, VA, conforming, and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Non-standard interest rates available. Affiliated Bank Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
  • Considers personal use and investment properties. Refinancing 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.

Affiliated Bank Mortgage Refinance Pros & Cons

Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 1 state.

Affiliated Bank Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via Affiliated Bank mortgage?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Affiliated Bank Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.

How long does Affiliated Bank mortgage take to refinance?

Affiliated Bank mortgage does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does Affiliated Bank mortgage charge a mortgage origination fee?

Yes, Affiliated Bank Mortgage Refinance will charge a loan origination fee.

What mortgage programs does Affiliated Bank mortgage offer?

Affiliated Bank Mortgage Refinance 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%.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • 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 Affiliated Bank mortgage allow?

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

  • Primary home
  • Secondary homes and vacation properties
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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 Closed

Other Services by Affiliated Bank

Availability

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Loan Term 15 - 30 years
Loan Amount Up to $1,000,000
Interest Rate Types Offered Hybrid Mortgage
Mortgage Programs
  • FHA
  • USDA
  • VA

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