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Federal Trust Mortgage Rates Review


ConsumersAdvocate.org Rating: 4.4 / 5 (Excellent)
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Federal Trust Mortgage is an online loan marketplace connecting prospective homeowners with trusted lenders from their vast network of mortgage originators. After inputting some basic pieces of information, borrowers are provided with multiple offers from a variety of lenders, such as J.G. Wentworth, QuickenLoans, and SoFi.

How is Federal Trust Mortgage rated?

Breakdown

4.5/5
Lender Types
4.8/5
Available Mortgage Types
4.8/5
Customer Experience
3.8/5
Reputation & Transparency

Overall Rating: 4.4 / 5 (Excellent)

By working in partnership with respected loan originators within the industry, Federal Trust provides a great option for borrowers looking to obtain multiple quotes from a varied pool of lenders. Federal Trust makes it easy for customers to apply for quotes fully online, without the hassle of speaking with vendors. Borrowers can select from many different offers, including conventional mortgages, ARMs, and USDA or FHA loans.

Federal Trust Mortgage Loan Specifics

Available Mortgage Types - 4.8 / 5

Federal Trust is a lending marketplace with a wide array of loan options for borrowers in most, if not all, financial circumstances. These can include government-backed loans from the Federal Housing Administration, Veteran Affairs, and the Department of Agriculture, as well as conventional fixed and adjustable-rate mortgages with a variety of term lengths.

Types of Mortgage Loans Offered

  • Marketplace

Federal Trust Mortgage Customer Experience

Customer Experience - 4.8 / 5

Since Federal Trust Mortgage doesn't generate loans themselves, the application process varies according to the specific lender. Results are powered by the lending marketplace powerhouse, LendingTree, which gives customers access to a large network of vetted loan originators with extensive experience. The flexibility that Federal Trust offers means they can find options for virtually anyone.

Online Features

Online Application
Yes
Online Quote
Yes
SSN Required for Quote
Yes

Federal Trust Mortgage Qualification Requirements

Qualification Requirements - 4.8 / 5

Federal Trust Mortgage doesn't originate loans themselves but rather works in tandem with LendingTree to connect borrowers with qualifying lenders. Therefore, each lender will have their own qualification requirements concerning credit score, financial history, down payments, and loan-to-debt ratios. However, the company's large network of loan originators ensures there are loans for virtually every prospective homeowner.

Federal Trust Mortgage Lender Reputation

Reputation & Transparency - 3.8 / 5

As Federal Trust is a relative newcomer to the lending marketplace industry, there are few resources with which to determine their reputation. Nevertheless, their relationship as an affiliate of LendingTree means that the latter's A- rating with the BBB, which is based on a wealth of positive reviews, applies to Federal Trust as well. When this is added to their 9.3 TrustPilot score and 95% favorable reviews, one must conclude they are a reputable service.

Key Facts

BBB Rating
A-
BBB Positive Reviews
86
BBB Negative Reviews
63
Collection Date
2018-02-05

Company Profile

Full Name
Federal Trust Mortgage Rates
Company Website
Headquarters
11115 Rushmore Drive, Charlotte, NC, 28277

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