Breakdown of LoanDepot evaluation rating
- Affordability: 14.75/15
- Availability: 14/15
- Borrower expertise: 10/10
Professionals and cons
- Waives charges for current prospects who refinance
- Affords a wholly digital course of from software to shut
- Greater than 200 branches throughout the nation
- Charges and costs not obtainable 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 beneath the business 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 research, scoring 18 factors above the business common.
Refinancing with LoanDepot
You possibly can refinance your current mortgage with LoanDepot. The lender presents a Lifetime Assure program: Finance one mortgage with the corporate, and it’ll by no means cost you a price for an additional refinance on the identical property. Plus, you’ll get your appraisal price reimbursed. For those who’re a brand new buyer, you’ll must ask a mortgage officer about refinance charges and prices, as they don’t seem to be listed on-line.
To find out a mortgage lender’s SimpleScore, The Easy Greenback’s editorial workforce charges lenders on a scale of 1 to 5 stars based mostly on a wide range of elements referring to the lender’s services and products. The Easy Greenback’s companions compensate us, however our opinions are our personal, and companion relationships don’t affect our critiques. Right here is our full methodology.