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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

Unaffiliated
in Mortgage Refinance from Home Loan Investment Bank
SuperMoney Net Recommendation Score +71  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +71, equating to 4.4 on a 5 point rating scale.

+71

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.

Strongly recommended

6 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating Strongly recommended
Loan Amount $421,000 - $2,000,000
Loan Term (Years) 3 - 20 years
Number of Reviews 7

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 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 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.

Home Loan Investment Bank Mortgage Refinance Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Offers financing for single family, multi-family, and manufactured homes.
  • 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 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?

Generally, it takes Home Loan Investment Bank between 14 and 21 days to complete a refinance. Of course, this is just an estimate. The exact time will vary depending on the lender and the market.

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
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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About Home Loan Investment Bank Mortgage Refinance

View Home Loan Investment Bank Profile

Availability

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

Feature Breakdown

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

This product is strongly recommended by SuperMoney users with a score of +71, equating to 4.4 on a 5 point rating scale.

+71

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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