We offer a wide range of mortgage products to meet your needs. Click here to find out more.
Axos Bank is an FDIC insured technology-driven financial services company providing a diverse set of innovative products and services for personal, business, and institutional clients nationwide. Axos Bank has nearly $10 billion in assets and is headquartered in San Diego, California. We aspire to be the most innovative digital bank in the United States providing products and services superior to our competitors. Welcome to Axos Bank – Banking Evolved.
To learn more, click here.
To adjust your birth date, log in to your online banking account and please select the year located in the top, left corner. Swipe to the appropriate year and choose your month and day.
You can use any ATM nationwide, however, reimbursement of the ATM fees depends on the type of account you have.
Click here to compare Checking Accounts and find out more about ATM fee reimbursements.
You can contact us via:
Secure Message: Log in to your account and click the Messages tab at the top of the page.
Phone: Contact a Direct Banker 24/7 at 888-502-AXOS (2967)
Fax: Axos Bank at 1-858-350-0443
USPS to: Axos Bank P.O. Box 509127 San Diego, CA 92150
Visit us here for a complete list of contact information.
Please note this is not a secure message facility, we strongly recommend that you never send confidential information using this method.
Axos Bank fees are listed on our Personal Deposit Account Agreement and Schedule of Fees. Reimbursement of the ATM fees is dependent upon the type of account you have.
Visit any local ACE Cash Express, CVS/Pharmacy, Dollar General, Kmart, Rite Aid, 7-Eleven, or Walgreens store, with your Axos Bank debit card and ask to load cash into your account at the register. There is a reload fee of up to $4.95.
Local customers can also use Reload @ the Register, but are still welcome to visit our branch between the hours of 9am - 5pm Monday to Friday to deposit cash as well.
We are located at: 4350 La Jolla Village Dr Suite 140 San Diego, CA 92122
ATM Deposits are only available at the address above.
Axos Bank Savings Accounts such as our High Yield Savings Account are true savings accounts that do not have the range of options to move money like a checking account. The options to withdraw funds from your Savings Account are:
Download the Mobile app from the Google Play store, or Apple iTunes store.
Make sure you are in a well-lit area when taking a picture of your check.
Placing the check on a dark background will help your camera detect the image.
Tap the screen while taking the picture, your phone will focus in on the check.
Check the mobile app store for the latest version of the app.
Walgreens and Dollar Tree are currently unable to Reload @ the Register using EMV chip cards.
You can use your Visa® Debit card internationally anywhere a Visa card is accepted. There is a foreign currency conversion rate for all International Point of Sale (POS) transactions and ATM withdrawals. View our Disclosures page for rate information. There could be additional fees imposed by the merchant or ATM used.
If you will be traveling, let us know by logging in to your online banking account and clicking on the Messages tab to send us a Secure Message. Provide the dates of your travel to ensure full, uninterrupted usage of your Card internationally.
In accordance with Regulation CC, all checks deposited in person or by mail are subject to a hold period depending upon the type of check deposited and your relationship with the bank. Checks deposited via mobile deposit are not subject to Regulation CC but will have a 5-day hold. Please review our disclosures for more information.
(Please note that federal regulations limit savings and money market accounts to a maximum of six transactions per month. See our Deposit Account Agreement for details.)
A short sale occurs when a homeowner sells their property for less than the amount owed on their mortgage, and their mortgage lender agrees to the "short" payoff. Before you commit to purchasing a home as part of a short sale, be sure to consider the fact that a foreclosure on the property is still possible and short sale properties may have structural and other problems. In addition, short sales often take a long time to complete.
There are two up-front costs that the buyer is responsible for when buying a home. First, there is earnest money, a nominal, good-faith deposit that shows you are serious about buying the home. It usually ranges from $500 to $2,000. Second, there is the down payment, which is a percentage of the cost of the home. The amount of the down payment depends on which type of loan you are using to purchase the home, but it is usually at least 10 percent of the home's purchase price. An exception would be a government-backed VA loan, which requires no down payment, although borrowers can choose to make a down payment if they desire.
We are pleased to offer a conditional close-of-escrow guarantee. We will work with you and your real estate agent to make sure your loan closes according to your timeline. For this to occur, you will have to provide all of your required mortgage documents to us on time and do your part to prevent any delays along the way.
Discount points are fees that you pay directly to your lender at close in exchange for a lower interest rate over the life of your mortgage. As a result of this one-time payment, also known as a prepaid interest payment, you will have a lower monthly mortgage payment.
The cost of each discount point is equal to 1 percent of the principal loan amount. For example, if your principal loan amount is $200,000 mortgage, one discount point would equal $2,000. You can break discount points into fractions; for example, if your principal loan amount is $200,000, 1.50 discount points would equal $3,000.
Whether paying discount points makes sense in your case depends, in part, on how long you plan to stay in your home. Use the following process to calculate your break-even point. Find the difference between the monthly payment without discount points and the monthly payment with discount points. Then, divide the amount charged for discount points by the amount you would save each month. The result is the number of months you would have to stay in your home in order to reach the break-even point on paying discount points.
You can represent yourself in real estate transactions; however, a qualified real estate agent can bring valuable experience, skill, and insight to the home buying process. An experienced real estate professional can also look after your interests, especially during negotiations.
The larger your down payment, the lower your monthly mortgage payment. However, your monthly payment will also depend on your credit history and the type of mortgage you choose. A standard down payment is 20%, but depending on the type of loan, the down payment can be anywhere from 0% (e.g., a VA Loan) to 3.5% (e.g., an FHA Loan) to 10% or more.
The following table includes many of the expenses you will have as a new homeowner, and how often they will occur. Your exact expenses will depend on the price and location of your new home, the type of mortgage you choose, and other factors.
|Homeownership Expenses||How Often|
|Private Mortgage Insurance||Monthly|
|Homeowners Association Dues||Monthly|
|Maintenance and Repairs||As needed|
|Lawn Care and Landscaping||Monthly|
When you borrow money through a home mortgage, you pay points at closing. Also known as “discount points,” this is money paid in exchange for a lower interest rate. You may also hear this referred to as “buying down the rate,” which can lower your monthly mortgage payments. A "point" is equal to 1 percent of the amount of your mortgage (or $1,000 for every $100,000 you have borrowed).
Closing occurs when you sign all of the paperwork and are allowed to assume ownership of your new home. At this point, you will be responsible for certain applicable costs, such as title insurance, discount points, and fees for loan origination, loan applications, appraisals, housing surveys, and your first month of homeowner's insurance. Closing costs can total up to 8 percent of the purchase price of your new home.
When you enter into a mortgage agreement with a bank, you’re signing a legal contract. According to the terms of that contract, you promise to pay back the loan, plus any agreed-upon interest and costs associated with the mortgage lending process.
In order to secure the funds to purchase your new house, you use the house as collateral for the loan. If you fail to repay the loan, you agree that the bank can take back the house in lieu of repayment.
Principal and Interest
In mortgage lending, principal refers to the amount of money you borrow to finance the purchase of your home. You can lower this amount by making a larger down payment up front.
The interest is the additional amount of money you agree to pay the bank in order to use the principal amount as payment for your new home. The interest rate is commonly expressed as a percentage. Your interest rate will depend on many factors, including whether you opt for a fixed rate or adjustable rate mortgage.
Together, principal and interest will make up most of your monthly payment. Through a process called amortization, your initial monthly payments will go primarily toward paying down your interest, while your later monthly payments will go primarily toward paying down your principal balance.
Taxes and Insurance
Your mortgage payment will likely include taxes and insurance. If these are paid as part of your mortgage payment, they will be paid through an escrow account.
Property taxes are levied by your community and are calculated as a percentage of the value of your property. Usually they are for local costs such as schools, roads, and public services. Keep in mind the amount of taxes you will have to pay on your property as you consider how much of a mortgage payment you can afford.
In order to obtain a mortgage, most lenders require that you have a home insurance policy in place. It covers your home and personal property against fire, theft, and other damage and losses. If your property is located in a special flood hazard area, you will be required to carry flood insurance, as well.
There are also cases in which you will be required to obtain additional insurance before being eligible for a mortgage. If you put down less than 20 percent on a conventional loan, you will probably be asked to get Private Mortgage Insurance (PMI). This PMI protects the lender in case you default on the mortgage. If you select a loan backed by the Federal Housing Administration (FHA), you’ll also have to pay mortgage insurance. This functions the same way as PMI, except that you must make payments for 11 years or the life of the loan, depending on your terms.