Regions Bank Mortgage

Regions Bank offers its extensive range of mortgage loan products in 16 U.S. states. Known as Regions Mortgage, it has over 500 loan originators working in these states, helping homebuyers select a home loan program, complete the application and close with confidence. The bank claims to rank highly in terms of customer satisfaction for its commitment to serving the customers’ needs.

Borrowers from Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia can call its mortgage customer service number 1-877-536-3286 for complete product details and the process of application. The headquarters of Regions Mortgage is located in Birmingham, Alabama.

Regions Bank Loan Application

How is Regions Mortgage different from other lenders?

Apart from the usual fixed-rate and adjustable-rate mortgages, Regions Bank has to offer some special loan programs for qualifying borrowers. These products can be helpful for buyers who need additional resources to afford a home. Among the varying financing options also include Construction and Renovation Loans. Besides, Regions Bank also participates in many government loan programs, including FHA, VA and USDA Rural Development mortgages.

When can I lock-in an interest rate with Regions Bank?

You will only be able to lock-in a favorable interest rate when you find a property and submit the sales contract. To lock-in your rate, you should contact the mortgage loan originator of the bank. The bank closes your loan usually within the interest rate lock period, but you may need to re-lock if your closing is delayed under certain circumstances.

How can Regions Bank help borrowers pay off faster and build equity fairly quickly?

Regular mortgage payments are due every month. However, a borrower can ask for an equity accelerator program known as Regions Biweekly Express Mortgage Program. Under this arrangement, you can make payments every two weeks that will result into 26 biweekly payments or 13 monthly payments in a year. With an extra monthly payment every year, you will be able to pay off faster and build equity quickly.

Do I need an escrow account to pay my taxes and insurance?

An escrow account is usually needed with Regions Bank, so your payment will include all its usual components, including taxes and homeowner’s insurance, and perhaps flood insurance and private mortgage insurance (PMI). Sometimes, the bank requires you to take care of your taxes and insurance all by yourself. In that case, an escrow account is not needed.

Regions Bank Mortgage Customer Service

What can I do with Regions Mortgage Online Access?

You can sign up for free to use My Mortgage, the online mortgage access tool of the bank. You can do a number of things with online access to account, including the following.

  • Check your account history
  • Make changes in your contact details and mailing address
  • Keep track of your payments and escrow details
  • Request documents, statements and other services
  • Send secured messages to Regions Mortgage customer service
  • Receive electronic statements

What are the different options of making payments?

You can pay using any of the following methods.

  • Using your online mortgage access account, by simply logging in to My Mortgage
  • Using Bill Payment Service, automatic draft and Internet Banking Customer
  • Making payment by phone (a fee may apply)
  • Visiting a bank branch and paying in person
  • Mailing to Regions Mortgage, P.O. Box 2153, Department 2520, Birmingham, AL 35287-2520

Is it possible to pay off early with Regions Mortgage?

You can pay off early, but remember you may have to pay a prepayment penalty as well. If you are using the online platform of the bank, you can log in to My Mortgage and request a payoff quote online. You can set your payoff date and may also have to tell the reason of your request. You have the option to receive information via fax or email. Moreover, it is also possible to get an estimate of your payoff quote by calling the customer service at 1-800-986-2462.

How can I receive payment assistance to avoid foreclosure?

Borrowers facing financial hardships or are in danger of foreclosure can contact Regions Mortgage Payment Assistance Department as soon as possible. The phone number to seek assistance is 1-800-748-9498. They are required to download Borrower Financial Statement, sign it and submit it along with a letter describing your current financial situation, most recent pay stubs and copies of your checking and savings account statements. The fax number to send these documents is 601-554-2913. You can also send these by mail. The mailing address is Regions Mortgage, P.O. Box 18001, Hattiesburg, MS 39404-8001.

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