HSBC Bank USA Mortgage Review

HSBC Bank USA is one of the top mortgage lenders nationwide and it’s all thanks to their exceptional financial services. From competitive mortgage rates, to a full suite of loan options for you including even Home Equity Loans. Moreover, they offer your conventional loans, FHA, and VA spread across a suitable package for your lifestyle. These packages can either range from special or conforming mortgages to Advance Deluxe and Premier Deluxe packages which allows you a maximum $3,000,000 for a 1 – 4 family residence.

HSBC Bank USA Mortgage Summary:

• Apply Now
• Account Type: Mortgage Loans –  Conventional, FHA, VA, Fixed and Adjustable, Jumbo, Super Jumbo, Reserve.
• Conventional
• Availability: Nationwide
• Expiration Date: None
• Additional Advise: Have the necessary documents and validation information ready to make your process as smooth as possible.

HSBC Bank Mortgage Options:

• Premier Deluxe:
  • Large loan amounts, priority processing and best rate
  • Up to $3,000,000 for a 1 – 4 family residence
  • Minimum down payment: 20%
  • 15 to 30 year term
  • ARMs available
• Advance Deluxe:
  • Large loan amounts and preferred rates
  • Up to $3,000,000 for a 1 – 4 family residence
  • Minimum down payment: 20%
  • 15 to 30 year term
  • ARMs available
• Conforming:
  • Low down payments and competitive rates
  • Financing amount up to $424,100 for a single-family residence
  • Up to $636,150 on Super Conforming mortgages
  • Minimum down payment: 3%-5%
  • 15 to 30 year term
  • ARMs available
• Special Mortgage:
  • Low down payments
  • Maximum Loan amounts vary by county
  • Minimum down payment:
    • SONYMA and Community Works: 3%
    • FHA and VA: 3.5%
  • Fixed Interest Rates for up to 30 year terms

HSBC Bank USA Mortgage Basic Requirements:

Here’s a quick look at the documents that you’ll need to pull together.

1. Copy of drivers license and Social Security card.
2. Address(es) for the past two years. Borrowers who have been renting may be asked to get a letter signed by your landlord verifying that you’ve been paying rent and that you’ve paid it on time.
3. Employment for the past two years. We’ll need name(s) and address of each employer along with more information on any gap in employment.
4. Income for the past two years. The fastest way to do this is to provide your last two tax returns along with copies of your pay stubs from the past two months.
5. All money-related assets. You will be asked to provide the last two or three months’ statements from all checking accounts, savings accounts, money market, IRA, mutual fund and brokerage (stock) accounts.
6. All debts. HSBC will pull your credit report to reveal the information we need on credit card debt, installment loans (like student loans), car loans and your current mortgage and home equity loans if you’re refinancing.
7. The Sales Contract. HomeBridge will need a copy of your original purchase agreement.

Specific situations provide additional documentation, including:

• Income from child support or alimony.
• Self-employed borrowers.
• Borrowers owning investment properties.
• Borrowers with a previous bankruptcy.
• Divorced or separated borrowers.
• Proof of VA eligibility.

HSBC Bank Financial Fees:

• Origination fee—For processing and administering your loan

HSBC Bank Features:

• Wide Variety of Mortgage Loan methods
• Competitive Rates
• Home Equity Loans available
• New Home Purchase and Refinancing loan options available

Conclusion:

With HSBC Bank USA exceptional mortgage services, you’ll be able to better your mortgage experiences with a wide range of loan products to suit your needs and expectations, competitive rates, and an all-efficient mortgage process that could have you closing in 25 days or less. Fast and efficient service is what HSBC Bank USA is most well-known for.

Note that downpayment percentage amount varies per account. Interest rates are subject to change at any time, so if you’re interested in their rates then you should really look into applying as soon as possible and lock in a rate today!  If you have any feedback, be sure to mention it in the comment section below! Also be sure to check out our Best Mortgage Rates for all your home-buying needs!

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