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Loan Cabin Mortgage Rates Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
12 Customer Comments & Reviews - see all comments
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Founded in 2017, Loan Cabin is a direct lender that offers first mortgages and mortgage refinancing in 16 states. Customers can choose from a wide variety of loan products, including fixed- and variable-rate mortgages, conforming and jumbo loans, and government-backed FHA and VA loans. The company also offers mortgages on investment properties. Loan Cabin is located in Lombard, Illinois.
 
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How is Loan Cabin rated?

Breakdown

5.0/5
Lender Types
4.5/5
Available Mortgage Types
5.0/5
Customer Experience
4.5/5
Reputation & Transparency

Overall Rating: 4.6 / 5 (Excellent)

Loan Cabin is a direct lender that offers a comprehensive range of mortgages, including fixed- and variable-rate loans, jumbo loans, FHA and VA loans, and even loans to help you purchase an investment property. If you live in one of the 16 states where the company operates, Loan Cabin is well-equipped to help you find a loan that suits your needs.

Loan Cabin's website is cleanly-designed, well-organized, and makes it easy to explore the company's mortgage options. You can complete Loan Cabin's mortgage application process online. We are impressed by the website's FAQ section, which provides quite a bit of "Mortgage 101" information and can help you narrow your loan choices to the ones best suited to your needs.

Loan Cabin Loan Specifics

Available Mortgage Types - 4.5 / 5

Loan Cabin's mortgage catalog is quite broad, though not the broadest in the lending market. But you'll find fixed- and variable-rate conforming and jumbo loan options among your choices. Eligible buyers may also apply for government-backed FHA and VA loans. The longest term Loan Cabin offers is 30 years. Loan Cabin also offers mortgages for investment properties.

Types of Mortgage Loans Offered

  • Fixed Rate 15 Year
  • Fixed Rate 20 Year
  • Fixed Rate 30 Year
  • 5/1 ARM
  • 7/1 ARM
  • Jumbo Adjustable Rate
  • VA Fixed Rate
  • VA Adjustable Rate
  • FHA Fixed Rate
  • FHA Adjustable Rate

Loan Cabin Customer Experience

Customer Experience - 5 / 5

Loan Cabin's website is something of a pleasure to visit: low-key and inviting with a straight-forward, organized approach to presenting information. The company's FAQ section is quite thorough and offers homebuyers—particularly first-timers—the fundamental knowledge they need to view their mortgage options with a critical eye. The company also publishes a series of helpful articles for homebuyers who want to dig more deeply into individual topics.

The website offers an interactive calculator that allows you to view estimated interest rates based on your specific loan criteria, which is a very helpful feature for homebuyers who want to comparison shop for a loan. Your actual rates may vary once you complete the loan application process and Loan Cabin verifies your credit score and other qualification factors.

Online Features

Online Application
Yes
Online Quote
Yes
SSN Required for Quote
No

Decision and Closing Times

20 minutes

Loan Cabin Qualification Requirements

Qualification Requirements - 5 / 5

Loan Cabin does not discuss individual qualifications requirements on its website. It does, however, provide an interactive rate estimator that allows you to see how such qualification factors as your credit score and loan-to-value ratio can influence the interest rates you're likely to be offered when you apply for a mortgage. The estimator did return rates when we used a low credit score and small down payment to create a hypothetical loan scenario, so it appears that you don't need stellar credit or a hefty downpayment to be offered a loan through Loan Cabin.

Loan Cabin Lender Reputation

Reputation & Transparency - 4.5 / 5

Loan Cabin earns an A+ rating from the Better Business Bureau. The company is not rated on Trustpilot. There are no recent regulatory actions against Loan Cabin listed on the Nationwide Mortgage Licensing System & Registry website. Zero complaints have been lodged against the company with the Consumer Financial Protection Bureau. That amounts to a squeaky-clean reputation and should give borrowers confidence in Loan Cabin.

Key Facts

Lender Type
Direct Lender
Year Founded
2017
BBB Rating
A+
Collection Date
2021-01-24

Complaints & Regulatory Actions

Nationwide Mortgage Licensing System ID
1657322
The Nationwide Mortgage Regulatory Actions
0
Consumer Financial Protection Bureau Complaints
0

Company Profile

Full Name
Loan Cabin Mortgage Rates
Company Website
https://www.loancabin.com
Headquarters
1910 South Highland Avenue, Suite 300, Lombard, IL, 60148

Disclosure

Loan Cabin is an Equal Housing Lender. The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has thecapacity to enter into a binding contract); or because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is: Federal Trade Commission, 600 Pennsylvania Avenue, NW Washington, DC 20580 202-326-2222

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12 Customer Comments & Reviews

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U
Ulysses
10/29/2021
I want to thank Alex Carlucci of Gustan Cho Associates and Loan Cabin for helping get approved for a VA loan with MSF. You guys are amazing.

suzapooz
9/2/2021
I was attracted to Loan Cabin because of their low rates, so i applied for a pre qualification. The loan rep i was placed with, Bob Hammon, has been horrible to work with! He doesn’t answer calls, return calls or reply to emails! Absolutely the WORST mortgage experience i have had! I don’t know if this is indicative of the way they do business, but if you are unfortunate enough to be placed with this loan rep, brace yourself for total frustration!! Side note, their toll free number sends you into a loop of unaswered calls as well. Regardless of which number option you select when you call, you will be sent to the same voicemail, and that person never responds either!

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