Fifth Third Mortgage

Fifth Third Bank offers residential mortgage products through its home lending division, with a branch presence primarily in the midwestern and southeastern United States. It is a large regional bank offering a range of personal and business financial products including mortgages.

Fifth Third commonly offers conventional purchase and refinance loans, FHA loans, VA loans for eligible military borrowers, jumbo loans, and in some cases USDA loans for qualifying rural areas. Product availability may vary depending on the specific market and state.

For existing Fifth Third banking customers, relationship discounts or pricing benefits may be available, particularly for customers who hold qualifying deposit accounts or set up automatic mortgage payments. Whether this results in a genuinely competitive offer requires comparison with other lenders.

Before choosing Fifth Third or any mortgage lender, gather Loan Estimate documents from at least two or three lenders. Compare the interest rate, annual percentage rate which reflects total costs, closing costs, origination fees, and the expected time from application to closing. Having multiple quotes is the most reliable way to evaluate a mortgage offer.

For VA loan borrowers, Fifth Third offers VA home loans. These are available only to eligible veterans, active-duty service members, and qualifying surviving spouses. VA loans typically require no down payment and no private mortgage insurance.

Fifth Third also offers home equity products for existing homeowners. A home equity line of credit is a revolving credit line secured against your home, typically with a variable rate and a draw period followed by a repayment period. Your home serves as collateral, and failure to repay can put your ownership at risk.