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  Home Loan Investment Bank Mortgage Refinance

Home Loan Investment Bank Mortgage Refinance

in Mortgage Refinance from Home Loan Investment Bank

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Home Loan Investment Bank Mortgage Refinance

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in Mortgage Refinance from Home Loan Investment Bank

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Highlights
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Community Rating

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Loan Amount $421,000 - $2,000,000
Loan Term (Years) 3 - 20 years

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 Mortgage Refinance is available in 50 states (and Washington, DC).

Key Takeaways
  • Only offers one mortgage pogram. Home Loan Investment Bank Mortgage Refinance only refinances FHA mortgages.
  • Financing for single-family and multi-family properties. However, Home Loan Investment Bank does not offer financing for manufactured homes.
  • Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Fast process. In some cases you can refinance your mortgage loan within 4 business days.
  • Origination fee of 4%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them.
Home Loan Investment Bank Mortgage Refinance Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Available in all 50 states.
  • Charges an origination fee of up to 4% of the loan amount.
Home Loan Investment Bank Mortgage Refinance FAQ

What range of mortgage balances will Home Loan Investment Bank Mortgage Refinance 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 Mortgage Refinance?

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 mortgages refinancing with terms ranging from 3 to 20 years.

What is the estimated funding time for a mortgage refinance with Home Loan Investment Bank Mortgage Refinance?

Home Loan Investment Bank Mortgage Refinance will typically approve (or deny) a mortgage refinance application within 48 hours and fund mortgage refinances within 4 days of approval.

Does Home Loan Investment Bank Mortgage Refinance 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 Mortgage Refinance 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 Mortgage Refinance 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 Mortgage Refinance 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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About Home Loan Investment Bank Mortgage Refinance

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Origination Fee (%) 4%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Immigration Status Considered U.S. Citizen
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Recent Bank Statements
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
APR 3.75% - 10.5%
Loan Term 3 - 20 years
Loan Amount $421,000 - $2,000,000
Mortgage Programs FHA

Home Loan Investment Bank Mortgage Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

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No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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