Valley Bank Mortgage Review 2023
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At a glance

4.8
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; home equity line of credit (HELOC), home staging line of credit; construction and renovation loans
Nationwide Availability
Available in all U.S. states
Min. credit score required
Undisclosed
Pros and cons
Pros
- Rates updated daily for easy comparison
- Mobile app powers efficient digital experience
- Low refinance fees
- Quick average closing time
- Programs for low-income homebuyers
Cons
- Branches only available in some states
- Minimum borrower requirements not disclosed online
Valley Bank overview
Valley Bank is good for
Borrowers who appreciate a convenient digital experience combined with local expertise, or those looking for a first-time buyer program
Breakdown of Valley Bank overall score
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Affordability: Valley Bank’s mortgage rates are lower than Bankrate’s averages, making this lender a competitive option for your loan. In most cases, you’ll pay a flat origination fee.
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Availability: Valley Bank works with borrowers nationwide and maintains branches in four states. Uniquely, the bank offers a home staging line of credit for sellers, along with the standard set of mortgage options.
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Borrower experience: Valley Bank provides a mix of both digital and in-person service.
Methodology
To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.
Affordability: 5/5
Valley Bank’s mortgage rates for conforming, government and jumbo loans are publicly listed on its website and updated daily. While the bank’s fees vary by type of loan, the typical origination fee is $1,175.
Availability: 5/5
Valley Bank’s loan offerings include conventional, FHA, VA and USDA loans, along with some home equity options and refinancing. If you’re selling your home, the bank’s home staging line of credit can help you cover the cost of preparing it for listing. The bank also offers construction and home improvement financing.
Borrower experience: 4.3/5
Valley Bank has been in business for close to 100 years. It isn’t accredited by the Better Business Bureau, but does have an A+ rating from the organization based on its responsiveness to customer complaints.
Notably, with the Valley MyMortgage mobile app, you can apply for a loan and upload and e-sign documents. The bank also offers a webinar educating first-time homebuyers on the basics of financing, down payment options and affordability.
If you have questions about a loan, you can contact the bank Monday through Friday from 9 a.m. to 5 p.m. ET.
Refinancing with Valley Bank
Valley Bank is a solid option for refinancing with a transparent fee structure: $499 for standard refinances and $999 for cash-out refinances.
Alternatives to Valley Bank
- Renasant Bank mortgage review – Another traditional bank with a regional presence and nationwide mortgage availability
- Old National Bank mortgage review – Another brick-and-mortar institution that offers mortgages throughout most of the country
- Wyndham Capital Mortgage review – Also offers refinancing but does not charge lender fees
Valley Bank consumer reviews

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Written by
David McMillin
Contributing writer
David McMillin is a contributing writer for Bankrate and covers topics like credit cards, mortgages, banking, taxes and travel. David’s goal is to help readers figure out how to save more and stress less.