loanDepot Mortgage Review

Rating: 8.5 / 10 (Excellent)
7 Customer Comments & Reviews - see all comments
Disclosure: We receive advertising revenue from this partner. 
Learn more.
loanDepot is an independently owned financial service company that offers home loan services across the country. The company offers a convenient online portal for mortgage applications. loanDepot specializes in providing home loans, personal loans, competitive priced lending products, and mortgage refinancing.

Mortgage Types

Fixed Mortgage

  • 10-year fixed rates
  • 15-year fixed rates
  • 20-year fixed rates
  • 30-year fixed rates

Adjustable Rate Mortgage

  • 3-year adjustable rate mortgage
  • 5-year adjustable rate mortgage
  • 7-year adjustable rate mortgage
  • 10-year adjustable rate mortgage

Other Home Loans Offered:

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


loanDepot requires standard documentation such as income statements that covers the last 30 days, recent loan information, asset information that covers the last 60 days, and tax report that covers the last 2 years for a customer to qualify for their program.

Mortgage Rates


5/1 ARM

7/1 ARM

Interest Rate






Monthly Payment



Month Term

360 month term

360 month term

*For customers applying to purchase a home with $700,000 home value, $200,000 loan amount, and 600 credit score

**Rates shown above are subject to change without prior notice. Please contact loanDepot for more details.   

Mortgage Rates at loanDepot

loanDepot makes applying for a mortgage much simpler with its easy online application process. Homebuyers could select from a variety of Fixed and Adjustable Rate Mortgage programs that can match individual budget concerns. Another good thing about loanDepot’s mortgage service is its Lifetime Guarantee. This ensures that after refinancing your mortgage, you will never pay lender or appraisal fees again for succeeding mortgage refinancing.





Leave a comment for loanDepot Mortgage
Minimum 2-3 sentences.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.

7 Customer Comments & Reviews

Loading Reviews ...
Phoenix, Arizona
Made the mistake of attempting a refi - started out everything was great - then dead silence. Problem is, I paid for an appraisal, my insurance company has already changed my insurance to coincide with an impound account (current mortgage does not have one) and I've wasted a month. My appraisal should still be good but that's "iffy" depending on who I deal with. I can't keep having people check my credit because evidently that system is designed to discourage shopping but I'm beginning a new search tomorrow. I've always gone with my gut and never been sorry and it has been screaming at me to run ...

Highland Park, New Jersey
Surprised to see others had the same issues as us. Excellent credit scores, own a few properties incl. commercial and nothing but constant documentation requests every few weeks for 4 MONTHS!!! We started out with a mortgage and after almost losing the deal on the house we borrowed from friends and closed with cash. Then we switched to a cash-out and 3 months of further documents and NOTHING!!! I complained to the complaint dept. and still no loan. Gigantic waste of time. Run screaming!!!

Mr. B
La Porte, Indiana
Going on my fourth month 3rd loan application and no cumuncation what so ever.....What a waste of time and money (appraisal fee $425.00) . I wanted to give them no star rating. Going to a real Bank tomorrow. ...will also be reporting to BBB.....

Diane B
, Michigan
We were refinancing our home a little over a year ago. We heve excelent credit @ 780 & 825 Nothing but horrible service, expired rates etc. 6 months of nothing but extreme rudeness and lies! They also stole my $600.00 from the non-returned appraisal fee! We had our credit union do the refinance in 18 days. Worst Experience Ever! Avoid Loan Depot! DIANE &MO B

Baker City, Oregon
I had a terrible experience with one of the representatives. He was rude, pressuring, and very disrespectful when I asked to call him back at a more convenient time. I was very concerned after this interaction that my identity information was at risk. I have verified that he does in fact work for Loan Depot I am attempting to report this to his supervisor. I will file a complaint with the BBB if I am not satisfied with this supervisors response.

Fuquay-Varina, North Carolina
Very slow process and poor communication.

Brandon S
, Washington
What started out as a promising relationship turned bad quickly. I was wanting to refinance my existing 1st and HELOC and my initial agent walked me through a process that would allow us to do it at minimal out of pocket costs. It turned out, what she was doing was illegal and the result was my loan was not only prolonged but I took out a personal loan with them to payoff my HELOC at a high interest rate (I wasn't supposed to have it long enough to even make a payment). Two+ months in, and I have not heard anything back on the refi on our first mortage. My wife and I make great money, have credit scores over 780 and low debt to income ratio. Not only have I not heard anything back,... Read More

Our Partner
8.5 / 10
  • Quick, Easy Online Quotes
  • Online Mortgage Calculator
  • “No Steering” Policy for Mortgage Financing
  • Licensed Mortgage Banker Available Through Phone Assistance
  • A+ BBB Accredited
  • Equal Housing Lender
  • loanDepot Lifetime Guarantee