Home loan types and uses
There’s a reason and purpose for every type of home loan. The key is understanding the differences and benefits of each loan before your choose the best one for your circumstances. We’re here to help.
How our home loans work
Most home mortgage loans will close in 45 days or less±. Your Mariner Finance Mortgage Loan Officer will guide you through which of the following standard documents you will need for your loan transaction, but the information required can vary depending on your employment status and the loan program you select:
- Last two years of your W2s and signed/dated Federal Tax returns
- Last two consecutive statements of earnings
- A clear copy of your driver’s license and social security card
- A copy of your mortgage statement
- A copy of your home owner’s insurance declarations page
- Your bank statements from the last two months
We recognize that people are short on time, so we try to respond with answers quickly. We also realize everyone has their own experiences and circumstances, so we take the time to get to know the person behind every personal loan, and we try to provide resources that help borrowers make more informed decisions. Simple, but true.
How has Mariner come through for you?
Personal loans for when life happens†
Got questions? Get answers.
What is the minimum amount I can borrow? How long does an application take? Is there a prepayment penalty?
What is a personal loan?
Great question. Personal loans are installment loans with fixed interest rates and fixed monthly payment amounts over a scheduled period of time that may help you deal with an unexpected expense, see a new part of the world, or simply help you achieve your personal financial goals. Personal loans cannot be used for postsecondary education expenses, for any business or commercial purpose, to purchase securities, or for gambling or illegal purposes.
We offer personal loans from $1,000 to $25,000, with minimum and maximum amounts dependent on an applicant’s state of residence and the underwriting of the loan. Loans between $1,500 and $15,000 may be funded online. Loans greater than $15,000 or less than $1,500 are funded through our branch network. Specific interest rates and fees are determined as permitted under applicable state law and depend upon loan amount, term, and the applicant’s ability to meet our credit criteria, including, but not limited to, credit history, income, debt payment obligations, and other factors such as availability of collateral. Not all rates and loan amounts are available in all states. Not all applicants will qualify for the lowest rates or larger loan amounts, which may require a first lien on a motor vehicle not more than ten years old titled in the applicant’s name with valid insurance.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
*The process uses a “soft” credit inquiry to determine whether a loan offer is available, which does not impact your credit score. If you continue with the application process online and accept a loan offer, or are referred to a branch and continue your application there, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.
**15 Day Satisfaction Guarantee: If, for any reason, you are dissatisfied with your loan and repay it in full within 15 days we will waive all finance charges with no penalties. Your repayment amount must be in the form of cash or certified funds.
California Residents: Loans made or arranged pursuant to a California Financing Law license.
Mariner Finance, LLC, NMLS No. 166564 (www.nmlsconsumeraccess.com) 8211 Town Center Drive, Nottingham, MD 21236. Telephone Number 877-310-2373.