About Regions Mortgage
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Regions Mortgage is a mortgage lender that services select Southern and Midwestern states. If you’re a potential homebuyer, you can apply for Regions’ mortgage programs online. The company provides a variety of mortgage options, but it doesn’t list its rates and fees on its website.
Overall Satisfaction Rating
- 5 stars
- 4 stars
- 3 stars
- 2 stars
- 1 stars
- Variety of mortgages
- Homebuyer rewards program
- Online application
- No rates or fees listed online
- Not available nationwide
Regions Mortgage has several mortgage and refinancing loan options for those in the South and the Midwest. The company offers online services but isn’t very transparent about its rates and fees on its website.
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We are currently in the preforeclosure process. We have tried all possible solutions direct with our bank. But as soon as we started our attempts, they have aggressively and systematically have denied any attempts to help and/or have made it impossible to pay our mortgage current. They have shown that they are more interested in foreclosing on us ASAP and come up with RIDICULOUS sums to prevent us from paying and being our mortgage current. Their initial mortgage reinstatement fee was $11,400 on Feb 28. I contacted them to let them know I would have the money. I contacted them yesterday March 4th and the new amount was $18,200. How it's this legal? We've spent 4 years paying home and in 3 months of hardship they secretly start the foreclosure process. Someone please help us!!! We are a family of 5. 2 adults and 3 children. This is unacceptable and feel helpless and abused. Thank you.
I went to Regions to apply for a home equity line of credit. I was told about this wonderful special they had. I went over the application that I had previously completed online and left with the assurance that everything looked good and I would hear from them in two days. After three days I called and was told my debt/income ratio was too high. I told the office that I had paid off one of my loans and she said that should make things okay. Again, I didn't hear back and called again. I was told my debt/income ratio was still too high. Meanwhile I received a letter dated the very day I was in the bank. It gave me several reasons I was being turned down. Not enough credit card history, too many past due payments and my credit card balance/debt was too high. None of these things were describing me.
I have excellent credit. I pulled up my three credit scores and emailed them to the officer. The next day I called and she told me that they must have entered a wrong number when looking up my scores; she would get back with me. Two days later I called AGAIN and was told that the only way I could get the HELOC was to have my car note consolidated with the equity loan. I have never heard of anything like this. That was four days ago and I have yet to hear from them. Also, I receive another letter dated the day after I sent my credit reports to the loan officer. The letter stated the exact same thing that the previous letter had. Never again will I deal with this bank!
If we could give more than 5 stars we would! We did an FHA loan through Regions and closed just yesterday. Our loan originator Nick ** and loan processor Julianne ** were both responsive and knowledgeable and kept of abreast of what was going on with our loan process every step of the way. If/When we buy again we will definitely go with Regions again.
I bank with Regions, so naturally when I needed to refinance my home, I called my local Regions bank. They had mortgage originator, Jim ** call me to get the process started. At the beginning he was very prompt, and attentive. After he found out my credit score was too low, he completely wrote me off, and acted differently towards me. He told me to call back in 3 months after I work on my credit. I emailed him back 30 days later after bringing my score up significantly. It took him almost a full day to get back to me.
The email he sent was very degrading. He acted as if it was impossible to accomplish this. He talked down to me, as if I were an idiot, and didn’t know what I was talking about. I was extremely offended and wrote back informing him that I no longer needed his services, I will go elsewhere. He sent me back an email stating he was going to suggest the same thing. I’m so disappointed in my bank that I will most likely change banks in the future. The new company I’m working with is amazing. When they pulled my credit report it actually did go up 100 points. Imagine that. I achieved the impossible. I will never deal with Regions again.
Started the process to remove PMI from my mortgage 3 month as ago. Took a month and a half to get the BPO which came back $2k lower than my original appraisal. This is after I’ve shared data with them showing a $41k increase in my home value on Zillow & other real estate sites. All sites show & even the BPO stated my market area had 1% growth per month over the last 12 months. In addition we’ve had home improvements of over $25k. I’ve tried to contact the PMI department 8 times in the last 6 weeks & have been promised numerous callbacks. Extremely frustrated with the poor customer service! Don’t use this mortgage company!
I send an email, stating that, because I already paid most of my home loan, I asked to let me handle my Score and Insurance. Regions not only never responded but also ignore me and sounds like they don't like to ask them to be fair. I will not do any business in the future with Regions.
My elderly Aunt has a mortgage with Regions and they have made it hard as hell for her to make payments on time. She doesn't drive or have a car. They won't allow her to pay online or by phone. Their online email never works. They threaten her with losing her home but they do everything in their power to make things hard for her. I believe they are doing this to her on purpose because she is elderly and disabled and they think they can take advantage of her.
Her mortgage is close to being paid off and they stopped allowing her to make online payments or even do phone payments. Her fixed income comes the beginning of every month so she has to mail payments and that takes longer. Regions doesn't want her to get her payments in on time. They have their own greedy sick cruel motives and it is pure HELL for her and me trying to help her deal with them. My advice to anybody is to NOT get a mortgage with Regions and if you do, be careful when you are almost paid off because they will come after you hard because they want to make more money out of you. They don't want you to pay off and be done with them. I might end up having to contact a state agency to help my Aunt since she is elderly and disabled and I think she is being abused by Regions. This situation is literally the most stressful thing I have ever had to deal with but I do it for the sake of my Aunt.
The Regions employees are rude and abrupt and threaten that you will lose your home even though you are ready and willing to give them their money. They don't really want you to pay, they want you to refinance or give up your home or whatever. They just want to make more money. I swear to God I will tell everybody I know about Regions. I know all banks suck but this is the first time I have had to deal with a bank about a home mortgage and there is more at stake. I just hate Regions and I am not a lawyer and my Aunt can't afford one and I just want to help her get these unethical people paid off so she and I won't have to deal with them anymore. This is ongoing hell and there is no reason for it. I hate Regions bank. They pick on poor and working class people because they know we don't always have the funds and knowledge to fight them.
Please be aware of that bank and especially the mortgage department, everyone here had problems with them, and my case the only problem is making business with them since the first day from the closing of my home until claims, they hold my insurance claims checks without any reason. Please go to whatever bank exists first and if this is the last option is not your time, believe me. 000000 STARS IF POSSIBLE!
If I could give Regions 0 stars, I would. Regions has been the holder of my mortgage for 10 Years this month and I’ve NEVER missed a payment. I’m an employee affected by the government shutdown and I’m not getting paid at present. I called to see if they could allow me to miss a payment or waive their fees. They told me that they had a special ‘program’ for those not receiving pay. HOWEVER, it would reflect negatively on my credit. How in the world is that supposed to be helpful? I’m shopping around for a new lender so that I can refinance my mortgage loan IMMEDIATELY!!!
I was in the process of getting a FHA loan through Regions and my mother was the cosigner for me and she is the cosigner on another FHA loan for a home that her and my grandmother stay in. I get all the way to the final underwriting, and before closing I get a call saying my mother couldn't be on two FHA loans at the same time so I can't get the loan. I wish they would've told me this when I first started the loan process and yes they knew about her already being on a loan when we started because they wanted to see her purchase agreement. Now I have to start over but not with Regions. I'm going to apply for a USDA loan at my wife's bank United. Regions also told me they don't do USDA loans in Georgia.
Regions Mortgage Company Information
- Company Name:
- Regions Mortgage
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