Breakdown of LoanDepot evaluation rating
- Affordability: 14.75/15
- Availability: 14/15
- Borrower expertise: 10/10
Execs and cons
- Waives charges for present prospects who refinance
- Presents a completely digital course of from software to shut
- Greater than 200 branches throughout the nation
- Charges and costs not accessible on-line
- No USDA loans
Debtors who desire a digital mortgage expertise with the choice to hunt in-person help at greater than 200 places throughout the U.S.
LoanDepot is accredited by the Higher Enterprise Bureau with an A+ ranking. Based mostly on greater than 3,400 buyer critiques on Trustpilot, the lender scores a 3.6 out of 5 stars. When it comes to originating loans, LoanDepot scored 844 out of a 1,000-point index (12 factors under the trade common) in J.D. Energy’s most up-to-date buyer satisfaction rankings. Debtors are extra happy with the lender’s strategy to servicing mortgages: It completed eighth in J.D. Energy’s 2021 buyer satisfaction examine, scoring 18 factors above the trade common.
Refinancing with LoanDepot
You may refinance your present mortgage with LoanDepot. The lender provides a Lifetime Assure program: Finance one mortgage with the corporate, and it’ll by no means cost you a charge for one more refinance on the identical property. Plus, you’ll get your appraisal charge reimbursed. If you happen to’re a brand new buyer, you’ll must ask a mortgage officer about refinance charges and prices, as they aren’t listed on-line.
To find out a mortgage lender’s SimpleScore, The Easy Greenback’s editorial group charges lenders on a scale of 1 to 5 stars based mostly on a wide range of elements referring to the lender’s services. The Easy Greenback’s companions compensate us, however our opinions are our personal, and accomplice relationships don’t affect our critiques. Right here is our full methodology.