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Disclosures:
Loans are subject to credit approval. Property must be located in the United States. Additional conditions may apply.
Home loans to make your next move
Rely on our residential lending team to provide the expert guidance you need to choose the home loan that’s right for your unique opportunity.
Flexible terms
Loans are structured to meet your
individual needs.
Fast decisions
Local decision-makers review
loan requests.
Professional advice
Your licensed Mortgage Loan Officer
assists you every step of the way.
Home loans for your next move.
Adjustable Rate Mortgages
We will help you purchase the right home, whether it’s just the two of you, your family is growing or you’re downsizing for the next phase in life.
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Primary Residence and Vacation Home
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Single Family Residences
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Condominiums
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Townhouse / Attached PUDs
Purchase a home
When you find the right single-family property, townhouse, or condo, we can help you make it yours.
Refinance to save more
Refinance an existing mortgage at a lower rate and pay less each month.
Get the cash you need
Opt for a cash out refinance to receive unrestricted funds you can use to pay for just about anything.
Initial low interest rate
Benefit from lower interest rates at the start of your loan, compared to many fixed rate home loans.
Make secure online payments
View your loan balance, payment activity and make your payments online when you link an established Banesco USA account.
No prepayment penalty
Make extra principal payments and pay off your loan faster.
Residential Property Investment Loans
When you are ready to purchase an income-producing property, our residential lending professionals will help you obtain the financing you need to achieve your vision.
Competitive rates
Rates are adjusted based on market conditions.
Experienced specialists
Benefit from the advice of lenders who are focused on servicing the needs of real estate investors.
Corporate title
Ability to close your loan under a corporate title for business purpose loans.
Initial low interest rate
Benefit from lower interest rates at the start of your loan to invest in a property with long-term potential.
Auto-pay
Use the recurring bill payment feature in BanescOnline to send monthly loan repayments and save time.
No prepayment penalty
Pay off your loan faster and free up funds to acquire your next property.
Personal service from a Residential Lending Officer.
Enjoy a seamless experience that includes personal assistance to determine your budget and expert guidance from application to closing.
Get started on your home loan.
[residential] Personal Loans [US]
Frequently asked questions.
What is an adjustable rate mortgage?
An adjustable-rate mortgage, also known as an ARM, is a home loan with an interest rate that adjusts up or down based on the market. Compared to fixed-rate mortgages, ARMs typically have a lower interest rate and lower monthly payment at the start. The interest rate on an ARM doesn’t change during the first 3, 5 or 7 years of your loan depending on the term you select. After the fixed rate period, the interest rate on your ARM can change as often as every month until your loan matures. ARMs have a maximum annual increase and maximum increase over the life of the loan. Our residential loan specialists will take the time to explain all your options in detail.
What is a mortgage refinance?
When you refinance an existing mortgage, the balance due on your current mortgage is refinanced with a new loan at a new rate and term. That’s why it’s important to know the interest rate on your current loan. Refinancing makes sense when the rate on your new loan will be lower, which can save you money each month. If you choose cash-out refinancing, you are also refinancing your current mortgage at a new rate and term, and using the equity in your home to borrow more and receive cash. You can use the cash to pay off higher rate debt, like credit card balances, or avoid new debt by paying in cash for purchases like home repairs, a vacation, tuition and other large purchases. Our residential lending team of experts can help you decide if refinancing your existing mortgage is right for you.
What documents do I need to provide to apply for a home loan?
Our home loan experts will let you know what documents are needed based on your type of loan and specific situation. In addition to a completed mortgage application, here are some of the common documents required to apply for a home loan:
If you’re refinancing an existing mortgage, you should also be prepared to provide:
- Proof of income, such as W-2s for the last 2 years and pay stubs or confirmation of payroll for the most recent 90 days
- If you are self-employed, most recent quarter or year-to-date profit and loss statement
- Bank statements for all your accounts, including deposit accounts and investments, for the most recent 60 days
- Signed personal and business tax returns (if applicable) including all related schedules, for the past two years
- Purchase and Sales Agreement signed by you and the seller
If you’re refinancing an existing mortgage, you should also be prepared to provide:
- Proof of insurance such as homeowners, windstorm and flood
- Copy of the recorded deed showing legal owners of the property
- Title insurance
How do I make loan payments?
You can use BanescOnline and Banesco Mobile to make a secure loan payment from your Banesco USA checking or savings account. Since your loan has an adjustable rate, you’ll receive a monthly statement indicating the amount and date your payment is due. Simply sign in online or in the mobile app and specify the amount to pay. You can also visit a branch to make a payment in person or mail a check to the address that will be on your monthly statement.
