Fifth Third Mortgage

• Specialty Loans
• Additional Bank Services
• Communication with Customers
• Mortgage Calculators
• Mobile App

Specialty Loans

Fifth Third Bank offers a number of loan types to fit a variety of circumstances. The most common traditional mortgage options include:

• Fixed-rate mortgage
• Adjustable rate mortgage (ARM)
• FHA loan
• Jumbo loan

Some specialty options that are not available with every mortgage lender, but are offered by Fifth Third Bank include:

• VA loan
• VA interest rate reduction refinance loan
• Physician and dentist loan
• Construction loan
• Community loan
• Home Possible® loan

The majority of these specialty loans help those with certain occupations (military, doctor, and dentist) or those who are considered lower income. If you find yourself in one of these categories you may be able to score a more affordable home loan with Fifth Third Bank compared to other companies that do not have the same customer focus.

Additional Bank Services

A great thing about Fifth Third Bank is the fact that it is a full service bank that offers a number of other services and loans. Some of the other services it offers include:

• Auto loan
• Personal loan
• Home equity line of credit
• Student loan
• Checking account
• Debit card
• Credit card
• Savings account and CD
• Wealth management

Many people love the convenience of having their mortgage services and bank services accessible by the same organization.

Communication with Customers

In order to make the home loan process less confusing and easier to follow, Fifth Third Bank provides it borrowers with frequent updates about the status of their loan to ensure that the borrower is kept in the loop.

There are also hundreds of locations staffed with mortgage experts available to chat and answer any questions that you may have.

Mortgage Calculators

Fifth Third Bank has three helpful mortgage calculators:

• Monthly payment calculator
• Refinance calculator
• Home affordability calculator

These calculators can be helpful in determining how much you can spend on a mortgage and afford to spend on monthly payments throughout the life of the home loan.

Mobile App

Fifth Third Bank offers a mobile app that is compatible with Apple and Android devices. On this app you'll be able to find a wide variety of financial resources and tools, in addition to managing your mortgage loan.

• Only Available in 10 States
• No USDA Loan Option
• Limited Information on Website

Only Available in 10 States

Fifth Third Bank offers mortgage products in only 10 states:

• Florida
• Georgia
• Illinois
• Indiana
• North Carolina
• Ohio
• Tennessee
• West Virginia
• Kentucky
• Michigan

No USDA Loan Option

Fifth Third bank offers a wide variety of mortgage loan products, but doesn't offer USDA loans. 

If you are seeking to finance a rural home purchase, a USDA loan through the U.S. Department of Agriculture can be a good option, offering low-interest mortgages with zero down payments.

However, you will have to look into other mortgage lender options if you are interested in, or qualify for, this type of loan.

Limited Information on Website

Fifth Third Bank has not disclosed closing costs, interest rates, or credit score requirements on its corporate website, making it difficult for potential borrowers to know what to expect in these areas.

You can speak with one of the Fifth Third Bank representatives to get an accurate estimate of what a mortgage will look like for you.