Fifth Third Bank

Open the door to your dream home

Mortgage Education Mortgage Calculators

Mortgage Process

Current Mortgage Rates

15yr 20yr 30yr
Fixed Interest Rate
Annual Percentage Rate (APR)
Number of Payments
Monthly Payments

Traditional Mortgages

Fixed Rate Mortgage

Features predictable and steady monthly payments with flexible loan terms.

Fixed Rate Mortgage

Features predictable and steady monthly payments with flexible loan terms.

Key Considerations:

  • You're planning to be in your home for awhile.
  • You're looking for a mortgage that has a monthly payment you can rely on.

Key Benefits:

  • Your principal and interest payment will not change over the life of the loan
  • Flexible terms, based on your needs

Adjustable Rate Mortgage

Offers flexibility and initial lower payments and interest rates.1

Adjustable Rate Mortgage

Offers flexibility and initial lower payments and interest rates.1

Key Considerations:

  • You’re planning to be in your home for the short term.
  • You expect interest rates to remain stable or decline.
  • You want a lower initial monthly payment and don’t mind a variable interest rate.

Key Benefits:

  • Often a lower initial interest rate and payment
  • Flexible terms, based on your needs

FHA Loan

A great choice if you want to refinance or purchase a home with low down payment.

FHA Loan

A great choice if you want to refinance or purchase a home with low down payment.

Key Considerations:

  • You're planning to be in your home for awhile.
  • You're looking for a mortgage that has a monthly payment you can rely on.

Key Benefits:

  • Your principal and interest payment will not change over the life of the loan
  • Flexible terms, based on your needs

Specialized Mortgages

Physician and Dentist Loan

Loans especially designed for resident, fellows and new physicians or established physicians and dentists.

Fifth Third Bank

Physician and Dentist Loan

Loans especially designed for resident, fellows and new physicians or established physicians and dentists.

Residents, Fellows & New Physicians:

  • Finance up to $750,000 with no down payment required when purchasing a home – or up to $1 million with a low down payment
  • Fixed and Adjustable Rate Mortgage (ARM)1 loans available
  • No Private Mortgage Insurance (PMI) required
  • Refinancing options available

Established Physicians and Dentists:

  • Finance up to $750,000 with no down payment required when purchasing or refinancing – or up to $1.5 million with a low down payment
  • Fixed and Adjustable Rate Mortgage (ARM)1 loans available
  • No Private Mortgage Insurance (PMI) required

VA Loan

For Veterans looking for a mortgage loan to buy a home, refinancing a non-VA loan to a VA loan or wanting to cash-out refinance VA mortgage loan.

VA Loan

For Veterans looking for a mortgage loan to buy a home, refinancing a non-VA loan to a VA loan or wanting to cash-out refinance VA mortgage loan.

Key Considerations:

  • You’re a U.S. military Veteran.
  • You're currently serving in the military or military reserves/guard.
  • You may be eligible if you are a commissioned officer of the Public Health Service or the National Oceanic and Atmospheric Administration.

Key Benefits:

  • Little to no down payment
  • Fixed interest rate
  • Flexible loan terms
  • Purchase and refinance options

VA IRRRL Loan

For Veterans looking to refinance an existing VA home loan to get an interest rate reduction.

VA IRRRL Loan

For Veterans looking to refinance an existing VA home loan to get an interest rate reduction.

Key Considerations:

  • You're looking for a VA to VA refinance reusing your original VA entitlement.
  • You do not want to receive any cash from this refinance.
  • You’re a U.S. military Veteran.

Key Benefits:

  • Low rates
  • No appraisal
  • No income verification
  • Fixed interest rate

Construction Loan

For those looking to build a new home.

Construction Loan

For those looking to build a new home.

Key Benefits:

  • Available for the construction of your primary residence
  • Fixed rate and ARM1 loans available
  • Conforming and Jumbo Loan amounts available

Key Considerations:

  • You want to borrow more than $424,100
  • You would like to take advantage of today's great rates

Key Benefits:

  • Financing on loans up to $2 million
  • Fixed rate and ARM1 loans available

Home Possible® Loan

Created for those with limited funds for a down payment or require more flexible funding options.

Home Possible® Loan

Created for those with limited funds for a down payment or require more flexible funding options.

Key Considerations:

  • You have limited money available for a down payment.
  • Your income is at or below the median household income in your area.
  • You’re purchasing a home in an underserved area.

Key Benefits:

  • Low down payment options
  • Fixed rates, stable monthly payments
  • Reduced mortgage insurance premiums
  • Refinancing options available, no cash-out allowed