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WHAT PEOPLE ARE SAYING

Home Loan was started to help our customers achieve their goals, and we're proud of our track record. But don't take our word for it. Here's what some of our customers have to say:


"Working with Mario [Loan Originator] at Home Loan Investment Bank made the often rocky road of refinancing smooth and almost easy. Once we sent our information to Mario he reviewed it quickly, and promptly let us know if anything was missing. We were in Arizona, the property we were refinancing was in Maine, and Mario was in Rhode Island, but working with Mario was like working with a next door neighbor!"

– Dave M.


 "In this day and age, it is rare to find true kindness, consideration and courtesy. Emily [Loan Originator] was all of those things and more. I just wanted you, her manager, to know what a really excellent job she did for us. Thank you.

– D. Gayle & Robert W.


"This is just to thank you for all of your help. We finally closed on the houses! Please know that we are very thankful to you for helping us achieve a 'new' dream in America. My husband came to America 18 years ago with one dollar in his pocket and now he owns three houses... thanks to Home Loan Bank."

– Carolina B.


"Thanks to Kristin [Loan Originator] and your bank loan, this New Year is certainly looking brighter for me and my children. I know that I am one of the many thousands of people your bank deals with on a daily basis, but I never felt like a number or an account."

– Maggie C.


"I am writing to thank your for the opportunity for us to finally bring our previously high mortgage rate down. Due to financial difficulties over the past several years, until now we have been unable to do so. The opportunity your institution has made available for us is making all the difference in us securing our financial future."

– Karen T.


 "Thank you so much for all your help on our recent loan. Your professionalism, knowledge and great customer services made it all happen."

 – Frank and Eileen S.


"I closed on a home refinance with Home Loan Investment Bank in May. Mario [Loan Originator] made the process easy and painless. Mario and Home Loan were great to work with. It was just like your neighborhood bank on the phone and over email, and they were always available to move the process forward. This was truly a once in a lifetime refinance opportunity. I have the same monthly payment for a 15 year fixed mortgage versus my old 30 year fixed mortgage. Thank you. "

– Nils M.


"Thank you for superior professionalism and just plain human compassion throughout my refinancing process."

– Sonja S.


"I have been a Real Estate Broker for over 24 years, dealt with a lot of banks, bankers and brokers and I have never been treated so kindly."

– Evelyn B.


"Lance [Loan Originator] was extremely helpful, answered all of our questions promptly, whether asked by phone or fax, and his attention to detail and follow up were commendable. It may be a level of excellence that you expect from all of your agents, but we found it exceptional and worthy of comment."

– Harold S.


"We have told other people about the great way we were treated and about the smooth refinancing experience your company and Emily [Loan Originator] provided and have referred them all to you for help in refinancing their home."

–Gay and John B.

  
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OVER 50 YEARS OF SERVICE

Home Loan has provided customers with competitive home equity loans, knowledgeable advice, and financial guidance since 1959, and we have the strength and longevity to continue meeting this goal into the future.

IMPORTANT DATES IN HOME LOAN'S HISTORY

1959.gif

The State of Rhode Island Department of Business Regulation grants a state charter under the name Home Loan & Investment Association (Home Loan)


1974

Founder John M. Murphy purchases the Home Loan bank charter and begins to build the bank as we know it today by reactivating the charter for mortgage lending purposes


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Home Loan Investment Bank opens its first headquarters in Providence, Rhode Island


1981

Home Loan begins lending to small businesses of all types and specializes in the Small Business Administration's SBA 7(a) loan program


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Residential lending expands from the Northeast region to the Mid-Atlantic region


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Assets exceed $60 million. Home Loan Investment Bank becomes the first mortgage originator to sell a pool of home equity loans to Freddie Mac and the second to Fannie Mae


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Assets exceed $100 million


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FDIC deposit insurance granted


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Assets exceed $200 million


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Home Loan completes its first loan securitization, and also reactivates its SBA Lending Program


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Assets exceed $250 million. Home Loan opens its new corporate headquarters at One Home Loan Plaza in Warwick, Rhode Island


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Home Loan converts its state charter to a federal charter and becomes a Federal Savings Bank under the new name Home Loan and Investment Bank, FSB (HLIB)


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HLIB opens state-of-the-art call center


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Residential lending expands to the West Coast


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HLIB receives SBA "Preferred Lender" status in Rhode Island, Massachusetts, New Hampshire and New York


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HLIB receives "Outstanding" rating for Community Reinvestment for the 10th consecutive year


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Commercial lending expands into Mid-Atlantic States. HLIB begins offering USDA loans


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HLIB surpasses $10 billion in residential mortgage originations


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HLIB is recognized as one of Freddie Mac's top 150 lenders in the country. HLIB creates a new brand for its commercial lending division, Ocean Capital, and begins marketing under the new brand


2008

HLIB became the 26th ranked SBA lender in the country. This leap marked the 6th largest volume increase in the country and a 104% increase in year-over-year SBA production (i.e. $40 million to $82 million)


2009

HLIB becomes a top 30 SBA 7(a) lender by origination volume nationwide and also a top 5 USDA Business and Industry lender by origination volume nationwide


2011

Top 100 SBA lender by volume. Started Title One - #3 in the country.


2012

Started Automobile Finance. Surpassed $10 million in the first twelve months of operation.