REGIONS MORTGAGE OFFERS MEMBERS BIG SAVINGS
MONTGOMERY, Ala.-- Regions Mortgage -- the same company that makes buying a home easier -- has also just made it less expensive for members of the Alabama Farmers Federation.
Under a new partnership with the Federation, Regions Mortgage will waive its current underwriting fee up to $300 and its current processing fee up to $150 for any Federation member applying for and being approved for a mortgage loan.
"The savings that our members could receive from this agreement are outstanding," said Federation President Jerry A. Newby. "These are genuine savings that can go a long way toward making the dream of home ownership come true for many of our members. I'm grateful to Regions Mortgage for partnering with the Federation to provide this benefit that will help so many of our members."
Headquartered in Birmingham, Regions Mortgage is one of the nation's top residential mortgage loan originators and servicers. With more than 600 loan originators in 15 states throughout the South, Midwest and Texas, Regions Mortgage's primary business focus is the origination, marketing and servicing of long-term mortgage loans.
Homebuyers who choose Regions Mortgage have a menu of more than 100 financing options -- from conventional loans to niche mortgage products -- so they can choose the best mortgage to fit their needs. With offerings that include fixed and adjustable terms, 100 percent financing programs, jumbo loans, FHA and VA loans, and second home loans, Regions Mortgage is able to assist customers at every stage of life.
To receive their savings, Federation members must complete a mortgage application subject to Regions' normal underwriting and credit criteria. Upon approval, Regions will then verify the applicant's membership in the Federation.
"We're proud to be a partner with the Federation in this special benefit," said Cliff Bagwell, a Regions Mortgage senior vice president and the Alabama regional manager. "At Regions, we believe in delivering more value and more service to our customers and are pleased to be able to offer this special opportunity to Federation members."
Mike Tidwell, director of the Federation's Department of Organization, said the partnership with Regions Mortgage is a great addition to the ever-growing list of member benefits.
"I encourage our members to take advantage of the savings available to them," said Tidwell. "For homebuyers, in particular, this is just the latest of many reasons to become a member of the Federation. If you bundle Regions' $450 in savings with the $1,000 our members can receive by using Alfa Realty, plus the up to $1,000 our members save by using Coleman American Moving Services, the discounts on ADT security services and, of course, the great rates on Alfa Insurance, and you'll quickly see how homeownership has become a lot more affordable for Federation members."
Visit the member benefits area of www.AlfaFarmers.org for more information or
to find the location nearest you or call 1-877-536-3286 to learn more about the many ways Regions Mortgage and the Federation can save you money.