Close Your Own Loan Mortgage Refinance Review

Rating: 8 / 10 (Very good)
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Close Your Own Loan is powered by People's Bank, a family owned-and-operated business with roots dating to 1871. Headquartered in California, Close Your Own Loan helps homeowners obtain and compare multiple quotes from various different lenders. Circumventing salesmen, Close Your Own Loan gives access to new interest rate and payment options so you can choose your own loan program, hassle-free.

How is Close Your Own Loan rated?


Loan Options
Application Process

Overall Rating: 8 / 10 (Very good)

Close Your Own Loan is an online mortgage broker backed by the People's Bank. Instead of spending long weeks underwriting the loan, the company expedites the process by streamlining it, and making it quicker and more efficient. Instead of working with a salesman, borrowers are assigned a loan officer, spurning the usual tendency of steering customers towards high-risk or expensive loans. All in all, the company can gain their customers considerable savings, but as always, we recommend that borrowers evaluate its offers in conjunction with other lenders.

Loan Options

Lender Type
Loans Offered
Rate & Term
Loan Programs
Fixed Year Terms
30 Year Fixed
25 Year Fixed
20 Year Fixed
15 Year Fixed
10 Year Fixed
Adjustable Rate Mortgage Terms
7/1 ARM
5/1 ARM
3/1 ARM

Loan Options - 8 / 10

Close Your Own Loan is a broker that offers virtually every available type of mortgage refinance, including VA, FHA, USDA, jumbo, and conventional loans. Since they can match their borrowers with a number of different lenders, their terms are also quite varied, anywhere between 10 to 30 years for fixed interest rate options, and a high maximum loan limit of $3 million.

Application Process

Minimum Credit Score
FHA Minimum Credit Score
Maximum Debt-to-income ratio

Application Process - 8 / 10

Close Your Own Loan's application process for a mortgage refinance loan is easy to navigate. By simply entering your basic loan details, you can easily access different loan programs. Once you've chosen one, reserve your rate and complete the application in less than five minutes. Finally, once you've gathered and submitted your formal disclosures and all other necessary documents, approval tends to be quick.

Close Your Own Loan Reputation

Memberships & Regulatory Info.

Nationwide Mortgage Licensing System ID
Nationwide Mortgage Regulatory Actions
NMLS Collection Date
CFPB Total Mortgage Complaints
CFPB Collection Date
Total VA Loans Written (Q1 2017)
987 loans
Total VA Loan Amount (Q1 2017)

Online Reviews

BBB Rating
Date Collected

Reputation - 8 / 10

Close Your Own Loan has 1 regulatory action with the Nationwide Mortgage Licensing System, despite having originated quite a large number of loans via their network of lenders. The company has an A+ with the BBB and few complaints with the CFPB when compared to other mortgage lenders.

Contact & Additional Information

Homepage URL
Company Phone
(800) 276-2965
Headquarters Address
26400 La Alameda Suite 214, Mission Viejo, CA, 92691
Year Founded

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Customer Comments & Reviews

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Newport Beach, California
I used Close Your Own for my last home loan and the entire team of people there were wonderful. The process was quick and easy and I actually was able to close on my new loan earlier than expected. I would highly recommend them to anyone looking for a home loan. Special thanks specifically to Greg Encarnacion. He was so nice and responded to every question quickly.

Our Partner
8.0 / 10
  • $1,000 Best Rate Guarantee
  • Member of Equal Housing Opportunity
  • FDIC Member
  • A+ BBB Accredited
  • No upfront personal information required
  • Minimum credit score requirement 620