Offers special rates and assistance for qualified borrowers
BIRMINGHAM, Ala.--(BUSINESS WIRE)--
Many people need a helping hand when buying a first home, and with Regions
Bank's (NYSE:RF) new First Time Home Buyers Program, there is help
for qualified borrowers.
The Regions First Time Home Buyers Program is designed to help borrowers
overcome some of the obstacles that can make buying a first home
difficult. The program offers a fixed rate mortgage with no closing
costs to the borrower (excepting pre-paid items). Closing costs are paid
by Regions and not rolled into the loan amount.
"We think this program is ideal for so many first time home buyers. Many
times, first time home buyers have limited funds available for closing,
and this program can help free up more of their funds for down payments,
savings or emergencies," according to Logan Pichel, Head of Regions
Consumer Lending.
In addition to the attractive terms of the program, the First Time Home
Buyers Program also features a required home buyer counseling program -
similar to many HUD or other government-guaranteed loans - provided to
help borrowers understand budgeting and other necessities once they
become homeowners.
The First Time Home Buyers Program also features:
-
Up to 95 percent LTV (loan-to-value) for purchase of primary
residences on homes
-
Down payment options that allow for assistance from family members
-
Options for borrowers with no traditional credit history
For more information on the First Time Home Buyers Program or to
schedule an appointment with a mortgage banker, visit www.regions.com.
Equal Opportunity Housing Lender, Member FDIC: All loans subject to
qualification, required documentation and credit approval. Certain
exclusions may apply. Loan terms and availability subject to change.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $119 billion in assets, is
a member of the S&P 500 Index and is one of the nation's largest
full-service providers of consumer and commercial banking, wealth
management, mortgage, and insurance products and services. Regions
serves customers in 16 states across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,700
banking offices and 2,000 ATMs. Investment banking and business advisory
services are offered through Regions Securities LLC. Member FINRA &
SIPC. Additional information about Regions and its full line of products
and services can be found at www.regions.com.
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Regions Financial Corporation
Jeremy King, 205-264-4551
www.regionsbanknews.com
Regions
News on Twitter: @RegionsNews
Source: Regions Financial Corporation
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