National City offers a huge assortment of financial services to both consumers and small businesses. This includes credit cards, pre-paid cards, checking, savings, investment, CD’s, Home Loans, student loans, mortgages, wealth management services, and Insurance. They currently have over 1100 banking branches throughout Pennsylvania, Indiana, Kentucky, Illinois, Michigan, and Ohio. Founded in 1845, National City is a huge financial company that currently manages over 100 billion in assets. National City is a publicly traded company on the New York Stock Exchange under the ticker symbol of NCC.

Refinance & Save! Lower Your Mortgage Payments. Bad Credit OK

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Naitonal City Bank Mortgage Features

• First-Time Homebuyers
  National City Mortgage has a wide variety of mortgage loans created by national organizations such as Fannie Mae or Freddie Mac, as well as State-Wide bond programs providing funding for households that meet certain income and/or residential qualifications. These loans offer the benefit of a low down payment and a low interest rate. If you have good credit, but have difficulty with the requirements of standard mortgages, ask us about special first-time home buyer financing and education programs.

• Bond Programs
  These city, county and state programs provide below-market financing to first-time home buyers who meet certain income and purchase price restrictions. Check with your Mortgage Professional to see if bond programs are available in your city. Currently, the following states offer bond programs: Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, and Virginia.

• Mortgage Credit Certificate (MCC)
  These federal programs provide a tax credit to first-time home buyers who meet certain income and purchase price restrictions. The credit is based on a portion of the interest that is on the mortgage.

• Rural Development
  This loan program provides rural residents, that meet certain requirements, with better access to affordable housing. It is available in all states.

• FHA Loans
  FHA loans usually offer liberal qualifying criteria and require smaller down payments. Both fixed and adjustable loans are available. These loans are insured by the Federal Housing Administration and you must meet certain FHA guidelines. These loans are offered directly to the home buyer via companies such as National City Mortgage. You could call the FHA loan the original first-time homebuyer program.

• VA Loans
  Eligible veterans can get long-term loans with little or no down payment, more flexible qualifying standards, and possibly, lower interest rates. These loans are made possible by the Department of Veterans Affairs. They are offered directly to the home buyer via companies such as National City Mortgage. Fixed loans are available.

National City Bank - Lender Comparison Table
Lender	Initial Credit Check	Multiple Quotes	Nationwide Lenders	Bad Credit Loans
National City Bank	Yes	No	Yes	No
LowerMyBills.com	No	Yes	Yes	Yes
LowCostLending.com	No	Yes	Yes	Yes
Bank of America	Yes	No	Yes	No
GMAC Mortgage	Yes	No	Yes	No
Countrywide	Yes	Yes	No	Yes
Citimortgage	Yes	No	Yes	No
Chase Manhattan	Yes	No	Yes	No
Washington Mutual	Yes	No	35 States	No

Please Select Loan Type Refinance Home Equity Debt Consolidation Home Purchase

• One-Time Close Construction/Permanent Program
  With this program, the construction and permanent phases of home building are combined into one loan and one loan closing. A one-time application and closing result in a reduction of closing costs. There is also the assurance of permanent financing prior to construction and a guaranteed rate for up to a 12-month period, which guards against rising interest rates during construction. In addition, financing is simplified with the ease of having both interim and permanent financing handled by one lender. We offer construction and permanent financing in one easy step!

  They also offer a variety of loan options for you to finance your lot before you begin building a home.

• Rehabilitation (Rehab) Loan Programs
  National City has Rehab loan programs to help renovate and remodel homes quickly and easily without a second mortgage. Our FHA 203(k) Rehabilitation or Homestyle Mortgage loan programs allow you to purchase or refinance your home and include the cost of repairs and improvements in one convenient mortgage. Whether you're buying or refinancing, your new mortgage can include all of the improvements needed to make the house perfect for you. It's easy! With one application, one approval, one closing and one loan, you can fulfill your dreams of expanding your home, updating your home or making needed repairs. And, the mortgage loan amount is based on the "as completed" value rather than the "as is" value of the property.

National City Mortgage Benefits

Fixed-rate mortgage

• Want the predictability and stability of a stable mortgage payment
• Plan to stay in your home for several years and expect interest rates to rise
• Interest rates or principal and interest payments that stay the same for the life of your loan 15-, 20- and 30-year terms

(ARM) Adjustable-rate mortgage

• Qualify for more home than you can at a fixed rate
• Predict that your income will be higher over the next few years
• Qualify for a higher mortgage and enjoy a lower initial interest rate and payment
• Adjustment periods vary depending on which product you choose

FHA/VA

• Have only a small down payment or no down payment at all
• Need more flexible credit guidelines
• Great for first-time homeowners
• Little or no down payment required
• Flexible credit and approval criteria
• Renovation options available

Jumbo

• Want to buy a luxury home
• Want to borrow more than $359,650
• Quick application process
• Choice of a fixed or adjustable rate
• Mortgage interest can be leveraged as a tax deduction