TIAA Bank Overview
TIAA Bank is a regional lender serving consumers in 23 states and provinces. TIAA Bank offers a broad range of product offerings including conventional fixed mortgages in 15, 20, and 30 year terms. TIAA Bank also offers FHA mortgages to accomodate borrowers with lower credit scores as well as low down payments (to find out more about the low down on FHA Mortgages click HERE). For former or active members of the military, TIAA Bank offers VA loans which can offer low down payments and zero primary mortgage insurance (PMI).
TIAA Bank is a regional lender serving customers in the following states: Arizona, California, Colorado, Connecticut, District Of Columbia, Florida, Georgia, Iowa, Maryland, Massachusetts, Missouri, Montana, North Carolina, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Utah, Virginia, Washington.
Lender fees include processing, underwriting, application, and origination charges. Unlike processing, underwriting, and application fees, an origination fee is based off a percentage of the loan amount similar to a discount point. TIAA Bank has the following FIXED charges for each loan originated: processing - $0, underwriting - $0, application - $995. TIAA Bank does not charge an origination fee.