It brings together a series of products catering to small business owners
Arizona-based Integro Bank has announced the launch of a new mortgage lending division.
Led by Steven Zielsdorf, director of residential mortgage lending, the new unit will provide loan options to residential homebuyers and small business owners looking to purchase an investment property.
The bank said the move will position Integro as "one of the few community banks in Arizona that is small business-focused and offers mortgage solutions."
According to its release, Integro will offer a range of mortgage options for traditional to FHA loans, portfolio fixed-rate, ARM loans, jumbo loans, USDA loans, and VA loans.
"We offer a wide variety of loan programs to meet your mortgage financing needs whether you are a traditional residential home buyer or a small business owner with challenges validating income to meet the financial requirements," Zielsdorf said. "Our team will work with you to determine the best option for your personal situation while also having the experience to provide creative solutions for small business owners in need of a mortgage or refinancing."
Another bank that recently launched a mortgage division was Southern Bancorp, a Community Development Financial Institution (CDFI) based in Arkansas. Southern's new mortgage arm focuses on serving Black and Hispanic prospective homebuyers in Mississippi and other states in the Southern region.
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