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Founded in 1866 as The Huntington National Bank, today Huntington Bancshares Incorporated still operates from the same Columbus, Ohio founding location in the heart of the Midwest. As of July 21, 2017, Huntington Bancshares Incorporated is a $101 billion asset regional bank holding company. They lend to individuals, small businesses and commercial entities.  They divide their individual loans by purchasing, home equity loans and refinancing loans. They list many options for home loans, many specialty discount programs and elite loans that are defined by the financial situation of the client and the value of the property.

A Slew of Specialty Loans and all the Federal Programs Available

Huntington Bank offers loan options include fixed rates, adjustable rates, jumbo mortgages, FHA loans, VA loans, USDA loans, state bond, employee relocation programs and third party lending services. They have a very well organized website, with clear divisions and accessible language. Each of the loans listed here has a subsection description that is a short list of the benefits of that particular loan. All of the comparisons are made in general terms, as opposed to specifically in relation to the client’s particular financial situation.

Your Financial Situation will Shape Your Choice

When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. To ensure your loan is truly affordable, a lender will verify your employment and income. Next they will consider your monthly “Debt to Income” ratio which consists of your total income, minus monthly credit payments and other debts will also be considered.The paperwork you will need to gather will include pay stubs, tax forms and bank statements at minimum. Next, they will place great emphasis on your credit score which they see as representing your willingness to pay back your debts.