Regions Mortgage

Regions Bank offers residential mortgage products through its home lending division, with branches primarily concentrated in the southeastern and midwestern United States. It is a large regional bank providing personal banking, business banking, and lending products.

Regions commonly offers conventional purchase and refinance loans, FHA loans, VA loans for eligible military borrowers, USDA loans for qualifying rural areas, and jumbo loans. Its branch-based service is most accessible in its southeastern and midwestern core markets.

For existing Regions banking customers, relationship pricing or discounts may be available. Whether these result in a competitive mortgage offer should be verified by comparing with other lenders.

Before choosing Regions or any mortgage lender, compare Loan Estimate documents from at least two or three lenders. The key factors are the interest rate, annual percentage rate which reflects total costs, closing costs, origination fees, and the expected time from application to closing.

For VA loan borrowers, Regions offers VA home loans. These are available only to eligible veterans, active-duty service members, and qualifying surviving spouses.

Regions also offers home equity lines of credit for existing homeowners. A HELOC is a revolving credit line secured against the equity in your home, typically with a variable interest rate and a draw period followed by a repayment period. Your home is the collateral, so repayment is essential to protect your ownership.

First-time homebuyers should ask Regions about any first-time buyer programs or down payment assistance it offers in their state, and should also check programs available through their state housing finance agency independently.