Last Updated: 04/18/2025
Home Loan Investment Bank Mortgage Refinance
Unaffiliated
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +71
Strongly recommended7 total votes
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Highlights
Community Rating
Strongly recommended
Credit Score Range
N/A
Amount Range
$421,000 - $2,000,000
Loan Term (Years)
3 - 20
Number of Reviews
Home Loan Investment Bank Mortgage Refinance Review
Home Loan Investment Bank Mortgage Refinance is offered by Home Loan Investment Bank , a bank founded in 1963 and based in Warwick, RI. Home Loan Investment Bank are available in 50 states and Washington, DC.
Key Takeaways
- Origination fee of 4%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them.
- Only offers one mortgage program. Home Loan Investment Bank Mortgage Refinance only refinances FHA mortgages.
- Financing for a variety of property types. Offers refinancing for manufactured, single, and multi-family homes.
- Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
- Fast process. In some cases you can refinance your mortgage loan within 4 business days.
Home Loan Investment Bank Mortgage Refinance Pros & Cons
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Home Loan Investment Bank Mortgage Refinance FAQ
What range of mortgage balances will Home Loan Investment Bank refinance?
Mortgage refinancing loans start at $421,000 and go up to $2,000,000
What is the maximum loan term for a mortgage refinance via Home Loan Investment Bank?
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. Home Loan Investment Bank Mortgage Refinance offers mortgage refinancing with terms ranging from 3 to 20 years.
How long does Home Loan Investment Bank take to refinance?
Home Loan Investment Bank 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 Home Loan Investment Bank charge a mortgage origination fee?
Yes, Home Loan Investment Bank Mortgage Refinance will charge a loan origination fee of 4% of the loan amount .
Does Home Loan Investment Bank charge prepayment fees?
No, Home Loan Investment Bank Mortgage Refinance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs does Home Loan Investment Bank offer?
Home Loan Investment 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%.
What property usage types does Home Loan Investment Bank allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Home Loan Investment Bank Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
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