Does HSBC offer home loans?


Quick Answer

Hongkong and Shanghai Banking Corporation offers several home mortgages in the United States: Premier Deluxe, Advance Deluxe, Conforming (fixed or adjustable rate), CommunityWorks, Federal Housing Administration and Veteran's Affairs. These home loans are designed for a variety of potential homeowners and offer competitive mortgage rates, states the company's website.

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Full Answer

The Premier Deluxe mortgage is best for those who need a large loan amount and prefer priority processing, according to the company's website. The maximum loan amount is $3 million for a family with one to four members. A closing cost credit of up to $1,500 is also offered. The Advance Deluxe mortgage features the same maximum loan amount as the Premier Deluxe but lacks priority processing and closing cost credits.

HSBC's Conforming mortgage is available at either a fixed rate or an adjustable rate, states the company's website. These loans have a maximum of $417,000, while the Super Conforming mortgages are capped at $625,000. The CommunityWorks, FHA and VA programs are designed for those with low to moderate income, first-time homebuyers and veterans.

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