Are you considering Fifth Third Mortgage Rates for your next home loan? Are Fifth Third Mortgage Rates competitive compared to the top mortgage lenders or do they include unnecessary markup and junk fees? Here’s my unbiased review of Fifth Third Mortgage Rates, services and fees to help you make an informed decision for your next home loan without leaving cash on the table.
Fifth Third Bank is a full-service mortgage lender offering home loans in 12 States.
Should you trust Fifth Third Mortgage Rates for your next home loan? How do their fees and services compare to the top mortgage lenders online?
Fifth Third Mortgage Rates Profile
Fifth Third Mortgage is subsidiary of Fifth Third Bank. Calling themselves the “Curious Bank” Fifth Third operates in 12 States including Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, Tennessee, and West Virginia. If you’re wondering where Fifth Third comes from, my understanding is the bank was originally located at the intersection of Fifth & Third Street. (A somewhat uninspired name..)
Fifth Third Bank offers a full range of mortgage products including Fixed Rate, Adjustable Rate, Jumbo Mortgage loans, FHA, VA, construction and Interest only home loans. Term lengths offered range from 10 to 30 years. Adjustable Rate Mortgage loans include 3/1, 5/1 and 7/1 for conforming home loans. (Below the $415,000 conforming loan limit)
Fifth Third Mortgage Contact Information
Monday – Thursday: 8 am to 8 pm
Friday: 8 am to 6pm
Saturday: 9 am to 3pm
Fifth Third Bank
38 Fountain Square Plaza
Cincinnati, OH 45263
Fifth Third Mortgage Rates Review
Fifth Third Mortgage Rates are published on the website along with the APR and various options for discount points. The purchase and refinance rates published assume a minimum FICO score of 740 so your results will vary based on your credit score. Interestingly the website states there is a .5 point discount for enrolling in automatic payments deducted from an eligible Fifth Third Bank account.
There is a payment amount based on a loan amount of $140,000 which quotes closing costs of $1,347 but does not disclose Fifth Third Bank’s loan origination fee. The amount quoted is .9% which is reasonable; however, does not factor in other closing costs. Several community based credit unions that I’ve reviewed seem to offer the best deals when it comes to fees. Banks tend to charge the highest fees compared to the best mortgage lenders, which is why it pays to shop around.
Fifth Third Mortgage rates were competitive, but nothing to write home about. The fees you pay at closing make or break the deal you’re getting so you’ll want to shop around comparing both refinance rates AND fees to get the best deal.
You can learn more about getting the best purchase and refinance rates from today’s best mortgage companies without paying junk fees or unnecessary points by checking out my free Underground Mortgage Videos.