in Mortgage Refinance from Banner BankUnaffiliated
|Loan Term||15 - 30 years|
|Loan Amount||Up to $3,000,000|
Banner Bank Review
Banner Bank is a mortgage refinance offering by Banner Bank, a bank based in Walla Walla, WA. Founded in 1890, Banner Bank offers mortgage refinancing to borrowers in 4 states across the USA.
What is the maximum loan term for a mortgage refinance via Banner Bank?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Banner Bank offers mortgages refinancing with terms ranging from 15 to 30 years.
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
- Secondary homes and vacation properties