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Home Loan was started to help our customers achieve their goals, and we're proud of our track record. But don't take our word for it. Here's what some of our customers have to say:

"Working with Mario [Loan Originator] at Home Loan Investment Bank made the often rocky road of refinancing smooth and almost easy. Once we sent our information to Mario he reviewed it quickly, and promptly let us know if anything was missing. We were in Arizona, the property we were refinancing was in Maine, and Mario was in Rhode Island, but working with Mario was like working with a next door neighbor!"

– Dave M.

 "In this day and age, it is rare to find true kindness, consideration and courtesy. Emily [Loan Originator] was all of those things and more. I just wanted you, her manager, to know what a really excellent job she did for us. Thank you.

– D. Gayle & Robert W.

"This is just to thank you for all of your help. We finally closed on the houses! Please know that we are very thankful to you for helping us achieve a 'new' dream in America. My husband came to America 18 years ago with one dollar in his pocket and now he owns three houses... thanks to Home Loan Bank."

– Carolina B.

"Thanks to Kristin [Loan Originator] and your bank loan, this New Year is certainly looking brighter for me and my children. I know that I am one of the many thousands of people your bank deals with on a daily basis, but I never felt like a number or an account."

– Maggie C.

"I am writing to thank your for the opportunity for us to finally bring our previously high mortgage rate down. Due to financial difficulties over the past several years, until now we have been unable to do so. The opportunity your institution has made available for us is making all the difference in us securing our financial future."

– Karen T.

 "Thank you so much for all your help on our recent loan. Your professionalism, knowledge and great customer services made it all happen."

 – Frank and Eileen S.

"I closed on a home refinance with Home Loan Investment Bank in May. Mario [Loan Originator] made the process easy and painless. Mario and Home Loan were great to work with. It was just like your neighborhood bank on the phone and over email, and they were always available to move the process forward. This was truly a once in a lifetime refinance opportunity. I have the same monthly payment for a 15 year fixed mortgage versus my old 30 year fixed mortgage. Thank you. "

– Nils M.

"Thank you for superior professionalism and just plain human compassion throughout my refinancing process."

– Sonja S.

"I have been a Real Estate Broker for over 24 years, dealt with a lot of banks, bankers and brokers and I have never been treated so kindly."

– Evelyn B.

"Lance [Loan Originator] was extremely helpful, answered all of our questions promptly, whether asked by phone or fax, and his attention to detail and follow up were commendable. It may be a level of excellence that you expect from all of your agents, but we found it exceptional and worthy of comment."

– Harold S.

"We have told other people about the great way we were treated and about the smooth refinancing experience your company and Emily [Loan Originator] provided and have referred them all to you for help in refinancing their home."

–Gay and John B.

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A look at residential loans in 2016

Posted on Monday, May 16, 2016 at 3:33:04 PM

The residential real estate market has long been a critical indicator of economic health in the United States. In the years following the recession, home values, starts and sales have all been on a relatively consistent, positive trajectory. Although there have been some hiccups along the way, the overall economy has also made a tremendous amount of progress in the past few years, and this bodes well both for individuals who own homes and for those who are looking to purchase in the near future. 

Residential financing has also improved exponentially, with rates remaining steady and lenders becoming increasingly competitive in the rates offered to applicants. The first quarter of 2016 is now in the books, and a new report has pointed toward some of the trends that took shape during those three months. 

Cold start to 2016
The latest data released by RealtyTrac indicated that loan originations for residential financing purposes decreased by 8 percent in the first quarter of this year compared to that of 2015. Unfortunately, the bad news did not end there, as the drop was more significant when compared to the final quarter of 2015, and the figure reached the lowest volume in the past two years. However, home equity lines were up, and there were other positive findings in the report as well. 

"After a surprisingly strong 2015, the mortgage refi[nance] market started running out of steam in the first quarter of 2016 despite lower mortgage interest rates," RealtyTrac Senior Vice President Daren Blomquist explained. "Meanwhile the purchase loan market continued the pattern of slow-and-steady growth that it has been following the past two years, and HELOC originations increased on a year-over-year basis for the 16 consecutive quarter, showing that borrowers are regaining both home value and the confidence needed to increasingly leverage their home equity."

With respect to Blomquist's comment on the refinancing market, RealtyTrac found that originations in this category dropped by 20 percent year-over-year in the first three months of 2016. 

The road ahead
Homeowners should not begin to worry quite yet, as there are virtually no signs that rates being offered to potential buyers are going to go up significantly any time soon. On the flip side, individuals looking to acquire a loan to purchase a home should consider working with a local, community bank to get the best financing option available.