Loan Depot Mortgage Refinance Review

LoanDepot is one of the largest consumer nonbank lenders in the United States. The company has been rated A+ by BBB and has been servicing refinance loans and home purchases nationwide since 2010.

The Foothill Ranch, CA-based direct mortgage lender was founded by industry veteran Anthony Hsieh, an innovator in the mortgage lending industry. It currently employs more than 5,000 people, including more than 1,500 licensed loan officers and operates over 130 lending stores throughout the United States. The company is licensed in all 50 states.

LoanDepot offers its customers a simple and accessible loan mortgage refinance program. It features competitive rates for mortgage loans, while providing a fast online processing that takes all the stress out of loan applications. The company’s “No Steering” policy makes sure that all its clients get the appropriate loan, to accommodate their current and future needs. Its wide range of home loans and mortgage refinancing programs, make LoanDepot perfect for those looking for a mortgage refinance company.

Types of Home Refinancing Mortgages

• Fixed Rate Mortgages
• Adjustable Rate Mortgages

Other home loans offered

• Jumbo Loans
• FHA Loan
• HARP Loans
• VA Loans

How to qualify for a mortgage loan with LoanDepot

LoanDepot requires its clients to have a credit score of at least 580. Standard documentation also includes income pay stubs covering the last 30 days, wage and tax statements for the last 2 years, certain asset information like bank statements that covers the last 60 days, and recent loan information.

LoanDepot’s mortgage rates

LoanDepot’s mortgage rates depend on the value of the customer’s home, mortgage balance, and credit score. Customers can check them on the company’s website.