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
- Provides a wholly digital course of from utility to shut
- Greater than 200 branches throughout the nation
- Charges and charges not out there on-line
- No USDA loans
Debtors who desire a digital mortgage expertise with the choice to hunt in-person help at greater than 200 areas throughout the U.S.
LoanDepot is accredited by the Higher Enterprise Bureau with an A+ score. Primarily based on greater than 3,400 buyer evaluations on Trustpilot, the lender scores a 3.6 out of 5 stars. By way of 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 method to servicing mortgages: It completed eighth in J.D. Energy’s 2021 buyer satisfaction research, 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 an additional refinance on the identical property. Plus, you’ll get your appraisal charge reimbursed. For those who’re a brand new buyer, you’ll have to 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 quite a lot 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 evaluations. Right here is our full methodology.