Discounts may be lower in some case where other concessions or discounts have already been applied.
If mortgage rates decrease and you qualify for a Conventional, FHA or VA refinance loan with Fifth Third, we will waive your lender closing (Application fee, Underwriting fee, Processing Fee, Origination Fee) costs up to $1295.If the borrower can document that the student loan payment is deferred or in forbearance for at least 12 months after closing, the student loan payment can be excluded from the debt-to-income calculation. Investment properties, second homes, construction-to-perm and lot loans are ineligible. The Doctor and Dentist Loan Program is restricted to primary, owner-occupied residences only. Down payment assistance may be taxable as income and reported to the IRS. Down payment assistance may not be available if Fifth Third Bank reaches its target allotment distribution of Down Payment Assistance for the respective plan year in which you apply for a mortgage. The subject property must be in one of the following eligible states: MI, IN, IL, KY, TN, OH, WV, NC, GA, FL, SC and located in a low or moderate Income Census Tract and borrower must meet the low to moderate income limit threshold based on the qualifying income per FFIEC website. Down payment assistance up to $3,600 is available. You may be eligible for the down payment assistance if you qualify based upon income level and by purchasing a property to be used as your primary residence in a low or moderate income census tract.25% origination fee (of loan amount) and application fee. Fifth Third Community Mortgage includes a. Borrower must contribute at least $500 of own funds. Homebuyer education is required by at least one qualifying borrower. 97% Loan to Value (LTV)/105% Combined Loan to Value (CLTV). Adjustable Rate Mortgages (ARMs) are ineligible. Available for 30-year fixed mortgage only. To be eligible for the Fifth Third Community Mortgage, the property must be a one-unit, primary residence, in one of the following eligible states: FL, GA, IL, IN, NC, OH, SC, TN, WV, KY, MI and the borrower's gross annual qualifying income is at or below 80% area median income (AMI).After the initial fixed term of the ARM period, it is possible that the borrower’s payment may increase substantially over the remaining term of the loan.Financial Insights About Us Customer Service Online Banking Login Branch & ATM Locator Search.Additional Sources of Capital for Small Businesses.
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