Home Mortgage Loans and Rates

Mortgage Education Mortgage Calculators

Fifth Third Bank offers a wide range of mortgage lending solution to help meet your specific need. Whether you're thinking about buying your first home or that vacation home you've always wanted, we offer mortgage solutions for needs big and small—and everything in between. Contact a Fifth Third Mortgage Loan Originator for current mortgage rates. Our mortgage loan originators will work with you to identify the right loan for you. Learn more about the benefits of the mortgage solutions we offer and things to consider when choosing a mortgage.

 

Traditional Mortgages

Fixed Rate Mortgage

This loan features predictable and steady monthly payments with flexible loan terms. A Fixed Rate Mortgage may be ideal for those with long-term homeownership plans desiring a consistent monthly payment.

Fixed Rate Mortgage

This loan features predictable and steady monthly payments with flexible loan terms. A Fixed Rate Mortgage may be ideal for those with long-term homeownership plans desiring a consistent monthly payment.

Key Considerations:

  • You're planning to be in your home for awhile.
  • You're looking for a mortgage that has a monthly payment you can rely on.

Key Benefits:

  • Your principal and interest payment will not change over the life of the loan
  • Flexible terms, based on your needs

Adjustable Rate Mortgage

An Adjustable Rate Mortgage offers flexibility and initial lower payments and interest rates.1 This loan is for those with short-term home ownership plans.

Adjustable Rate Mortgage

An Adjustable Rate Mortgage offers flexibility and initial lower payments and interest rates.1 This loan is for those with short-term home ownership plans.

Key Considerations:

  • You’re planning to be in your home for the short term.
  • You expect interest rates to remain stable or decline.
  • You want a lower initial monthly payment and don’t mind a variable interest rate.

Key Benefits:

  • Often a lower initial interest rate and payment
  • Flexible terms, based on your needs

FHA Loan

An FHA Loan is a great choice if you want to refinance or purchase a home with a low down payment. This loan is ideal for first-time homebuyers.

FHA Loan

An FHA Loan is a great choice if you want to refinance or purchase a home with a low down payment. This loan is ideal for first-time homebuyers.

Key Considerations:

  • You're planning to be in your home for a while.
  • You're looking for a mortgage that has a monthly payment you can rely on.

Key Benefits:

  • Your principal and interest payment will not change over the life of the loan
  • Flexible terms, based on your needs

Specialized Mortgages

Physician and Dentist Loan

This loan is specifically designed with residents, fellows, and new or established physicians and dentists in mind.

Physician and Dentist Loan

This loan is specifically designed with residents, fellows, and new or established physicians and dentists in mind.

Residents, Fellows & New Physicians:

  • Finance up to $750,000 with no down payment required when purchasing a home – or up to $1 million with a low down payment
  • Fixed and Adjustable Rate Mortgage (ARM)1 loans available
  • No Private Mortgage Insurance (PMI) required
  • Refinancing options available

Established Physicians and Dentists:

  • Finance up to $750,000 with no down payment required when purchasing or refinancing – or up to $1.5 million with a low down payment
  • Fixed and Adjustable Rate Mortgage (ARM)1 loans available
  • No Private Mortgage Insurance (PMI) required

VA Loan

A VA Loan is for veterans or current U.S. Military members looking to buy a home, refinance a non-VA loan to a VA loan, or desiring a cash-out refinance option.

VA Loan

A VA Loan is for veterans or current U.S. Military members looking to buy a home, refinance a non-VA loan to a VA loan, or desiring a cash-out refinance option.

Key Considerations:

  • You’re a U.S. Military Veteran.
  • You're currently serving in the military or military reserves/guard.
  • You may be eligible if you are a commissioned officer of the Public Health Service or the National Oceanic and Atmospheric Administration.

Key Benefits:

  • Little to no down payment
  • Fixed interest rate
  • Flexible loan terms
  • Purchase and refinance options

VA Interest Rate Reduction Refinance Loan (IRRRL)

An IRRRL is for veterans or current U.S. Military members looking to refinance an existing VA home loan to get a reduced interest rate.

VA Interest Rate Reduction Refinance Loan (IRRRL)

An IRRRL is for veterans or current U.S. Military members looking to refinance an existing VA home loan to get a reduced interest rate.

Key Considerations:

  • You're looking for a VA to VA refinance reusing your original VA entitlement.
  • You do not want to receive any cash from this refinance.
  • You’re a U.S. Military Veteran.
  • You're currently serving in the military or military reserves/guard.

Key Benefits:

  • Low rates
  • No appraisal
  • No income verification
  • Fixed interest rate

Construction Loan

For those looking to build a new home.

Construction Loan

For those looking to build a new home.

Key Benefits:

  • Available for the construction of your primary residence
  • Fixed rate and ARM1 loans available
  • Conforming and Jumbo Loan amounts available

Jumbo Loan

A Jumbo Loan is for those looking to buy or refinance a home in a higher price range.

Jumbo Loan

A Jumbo Loan is for those looking to buy or refinance a home in a higher price range.

Key Considerations:

  • You want to borrow more than $484,350
  • You would like to take advantage of today's great rates

Key Benefits:

  • Financing on loans up to $3 million
  • Fixed rate and ARM1 loans available

Community Mortgage Loan

A Community Mortgage Loan is our newest affordable mortgage option designed to open the door to homeownership for more people.*

Community Mortgage Loan

A Community Mortgage Loan is our newest affordable mortgage option designed to open the door to homeownership for more people.*

Key Considerations:

  • You have limited money available for a down payment and closing fees
  • Your income is at, or below, 80% of the median household income in your area
  • You must contribute at least $500 of own funds

Key Benefits:

  • As low as 3% down payment required
  • Reduced closing costs
  • Fixed monthly mortgage payments2
  • Pay no monthly mortgage insurance3

Home Possible® and HomeReady® Loan

A Home Possible® Loan makes affording a home a reality for those with limited funds for a down payment. A Home Possible® Loan is a flexible funding option. **

Home Possible® and HomeReady® Loan

A Home Possible® Loan makes affording a home a reality for those with limited funds for a down payment. A Home Possible® Loan is a flexible funding option. **

Key Considerations:

  • You have limited money available for a down payment.
  • Your income is at or below the median household income in your area.
  • You’re purchasing a home in an underserved area.

Key Benefits:

  • Low down payment options
  • Fixed rates, stable monthly payments
  • Reduced mortgage insurance premiums
  • Refinancing options available, no cash-out allowed

Additional home refinance options are available.  To learn more click here.

Additional Resources