Core Insights - Fifth Third Bank is recognized as a leading mortgage lender in the 11 states it serves, offering a diverse range of loan options and buyer incentives [1][2] Loan Offerings - Fifth Third Bank provides various types of home loans, including conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate, and physician loans [7][8] - The bank's Rate Drop Protector program allows borrowers to refinance without lender-side closing costs if interest rates drop within six to 24 months of purchase [6][9] - Up to $3,295 in down payment and closing cost assistance is available, with no repayment required [6][8] Interest Rates and Loan Costs - In 2024, Fifth Third Bank's mortgage rates were slightly higher than the median, with a score of 2 out of 5 stars for rates [19] - The total loan costs were slightly lower than average, scoring 4 out of 5 stars, with an average total loan cost of $4,121.07 [19][27] Geographic Focus - Fifth Third Bank operates exclusively in 11 states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia [2][6] Digital Features and Resources - The bank offers a user-friendly online application process and a variety of resources for home buyers, including calculators and educational materials [20][23][27] - Highly rated mobile apps are available for both Android and iOS users [6] Comparison with Competitors - Compared to Bank of America, Fifth Third Bank offers a broader range of mortgage options but serves a smaller geographic area [26] - Fifth Third's assistance for down payment and closing costs is capped at $3,295, lower than some competitors [26][28]