Digital financial institution Rising Bank has expanded into the mortgage sector by offering financial solutions through its digital platform to aid homeowners with home loan options.
Extending its product range to incorporate mortgage loans and insurance, the digital bank will now offer VA, FHA and USDA loans in 13 states across the US including Arkansas, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Ohio, Nebraska, Oklahoma and Tennessee.
The challenger bank, which is a subsidiary of Midwest BankCentre, claims to cover a slew of options including home and business under its new insurance services.
To help deliver this, it worked with more than 40 carriers so customers are able to compare and pick the relevant insurance solutions for their cars, homes and business as well as life insurance and speciality insurance. To add on, it will provide these loans at lower rates than other banks.
Given how the average interest on a 30-year fixed-rate mortgage surged to 3.04% this week up from 2.86% a week ago according to Bankrate, it’s no secret that the demand is escalating.
In addition, Rising Bank has enabled its customers to have access to Zelle, a digital payment remittance service. Through Zelle users can transfer money with just an email address or mobile number of the recipient.
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