CIT Bank Home Loans Review

From personal banking to mortgage loans, CIT Bank has become a leader in the financial services industry. If you’re looking for a new mortgage or refinance lender, then CIT Bank has many advantages that make it worth considering. For example, it offers personalized loan coaching, online processing, homeowners assistance, and affordable repayment terms.

For more than 100 years, CIT Bank has provided comprehensive banking solutions. Today, it’s embraced the digital age and operates as an online-only bank. Since CIT Bank knows that every home lending situation is unique, loan consultants are available to guide you from the first step of the application to the final day of closing.

Pros and Cons of CIT Bank Home Loans



What Does CIT Bank Offer?

In addition to personal and business banking services, CIT Bank also offers home lending and mortgage refinancing loans. Competitive interest rates and flexible repayment terms allow CIT Bank to offer its customers home loans that will fit any budget. And if you have a CIT Bank or OneWest Bank account, then CIT Bank offers a unique cashback reward. After eligible borrowers close on a new home loan, CIT Bank deposits $525 into their CIT Bank or OneWest Bank account.

CIT Bank understands that every borrower has a different set of needs, so it encourages customized loans. Both new homebuyers and homeowners hoping to refinance receive personalized attention from dedicated loan consultants. CIT Bank even has homeowner assistance programs for those looking for alternatives to avoid foreclosure.

New Mortgage Loans

Getting a new mortgage loan is made easy with CIT Bank’s expertise. Whether you’re seeking a 10-year term, a 15-year term, a 20-year term, or a 30-year term, loan consultants are there to help. CIT Bank strives to make sure you get the best rates for your situation while allowing you to quickly pay off your loan.

Mortgage Refinancing

There are plenty of reasons to consider a mortgage refinance, and CIT Bank specializes in making sure you get the maximum amount at the lowest rates. Once you begin the loan process, loan consultants will guide you through your property’s assessment, your financial assessment, and help you find attractive repayment terms.

What to Expect on the Site

Before you get started online, you’ll want to have a few basic pieces of information:

Then, you’ll be all set to fill out CIT Bank’s incredibly brief five-question online form. Once you complete the online form, CIT Bank will ask for your contact information. After that, CIT Bank will follow up with your free estimate. The representative who reaches out can then help you begin the loan application process.


As with all lenders, CIT Bank’s interest rates and loan terms are determined by your creditworthiness. Your home or mortgage loan will be customized based on your needs, your credit profile, and your financial portfolio. With easy, online processing and a team of loan consultants, CIT Bank makes it simple to achieve your goals. Complete CIT Bank’s brief online form to get your customized estimate for free.

What People Are Saying About CIT Bank

As of August 2021, CIT Bank has a Trustpilot rating of 4.1 out of 5 stars. Based on customer reviews of CIT Bank, the lender’s great TrustPilot rating breaks down the following way:

These ratings are based on the feedback of the nearly 300 CIT Bank customers who have left feedback on Trustpilot.

The Bottom Line

CIT Bank offers personalized home loans for new mortgages and refinancing existing mortgages. Generous cashback rewards and flexible mortgage terms make CIT Bank an attractive option. And since CIT Bank provides a loan consultant, you’ll have someone to help you find the best loan for your situation.

With these benefits in mind, it may be worth taking the time to investigate CIT Bank as you compare top mortgage lenders and mortgage refinance lenders.