FBC Mortgage
Is This Your Business?Author: Kaitlyn Short
FBC Mortgage, founded in 2005 in Orlando, Florida, is a Top 20 National Mortgage Lender. Licensed to lend in 48 states, FBC offers a variety of loan programs for a home purchase, refinance, construction, or renovation. The lender streamlines the mortgage application process through Simple Loan, a platform that allows you to upload documents and view pending application tasks, as well as through an eClosing process.
Continue reading to learn more about this lender or jump down to read FBC Mortgage reviews.
Top Ranked Companies
The Good
- Variety of Loan Programs
- Online Application Process
- Charitable Outreach
Variety of Loan Programs
FBC has a variety of loan programs tailored for home purchase, refinance, construction, or renovation. The following loans are available:
Home Purchase
- Conventional Loan
- Adjustable Rate Mortgage (ARM) Loan
- FHA Loan
- VA Loan
- USDA Loan
- Jumbo Loan
- Foreign National Loan — mortgage loan option for non-U.S. citizens who want to purchase a home in the United States
- Portfolio Loan — a loan type that is originated and processed by the lender for the lifetime of the loan
Home Refinance
- Reverse Mortgage Loan — available to homeowners age 62 or older, allowing them to eliminate their monthly mortgage payment and access their home equity
- FHA Streamline Refinance Loan — a refinance loan option for those with existing FHA loans
- VA Interest Rate Reduction Refinance Loan (IRRRL) — a refinance loan option for those with existing VA loans
Home Construction/Renovation
- 203K Rehab Loan — a loan option if you are looking to purchase a home in need of renovations or repairs
- Construction Perm Loan — a hybrid loan that allows for a construction period, and when that period is over becomes a permanent loan
FBC's loan options are much more expansive than you would see with other mortgage lenders, providing homeowners with greater flexibility in their mortgage.
Online Application Process
FBC has an entirely online mortgage application process that can be facilitated through Simple Loan, an online loan management platform that allows you to upload documents, view pending mortgage application tasks, connect with your online tax provider, and contact your loan officer. If you choose to create a Simple Loan account, you can keep everything pertaining to your mortgage application in one place.
FBC also features an eClosing procedure, allowing you to sign closing package documents online with a Remote Online Notarization (RON) appointment.
Charitable Outreach
In addition to its commitment to homebuyers and homeowners alike, FBC gives back to the community through charitable outreach programs made possible by the FBC Mortgage, LLC Charitable Foundation. Since its founding, FBC has supported and volunteered time with various charities, such as the Ronald McDonald House, Toys for Tots, Walk for Wishes, and the Salvation Army.
The Bad
- No Rates and Fees Available
No Rates and Fees Available
FBC doesn't have any rates or fees published on its website. Although this is a typical practice across mortgage lenders, many potential customers report that it would be helpful to see daily average mortgage rates while comparing lenders.
The Bottom Line
FBC Mortgage is a full-service mortgage lender, offering a simplified online application process and a variety of loan programs to meet the varied needs and circumstances of homebuyers. The lender's construction and renovation loans are noteworthy as most online mortgage lenders don't offer those loan programs.
There are currently no FBC mortgage reviews, so we are unable to provide an accurate recommendation of this mortgage lender based on customer sentiment.
