Loan Depot Mortgage Refinance Review

Rating: 9.0 / 10 (Very good)
3 Customer Reviews - see all reviews
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How is Loan Depot rated?
Refinance Rates
Mortgage Types
Home Related Loans
Mortgage Related Fees

Since 2010, loanDepot has been servicing refinance loans and home purchases nationwide. The company offers competitive rates for mortgage loans and provides fast online processing that makes loan application stress-free for its customers. loanDepot also guarantees security and satisfaction with its “No Steering” policy. loanDepot gives access to licensed mortgage bankers for assistance through an online portal or by phone.

Types of Home Mortgage Refinances

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages

Other home loans offered

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

Qualifying for Mortgage Loans

To qualify, loanDepot requires standard documentation like income pay stubs covering the last 30 days, wage and tax statements for the last 2 years, certain asset information like bank statements that cover the last 60 days, and recent loan information. The company also requires clients to have a credit score of at least 580.

Refinance Mortgage Rates

Rates depend on the value of the customer’s home, mortgage balance, and credit score. Customers can fill up the company’s instant quote rate on their website to view their current rates. Rates displayed are subjected to change. Be sure to read their rate assumptions or call them for details.

Why Mortgage Refinance at loanDepot

loanDepot is one of the largest mortgage bankers today that offers a simple and accessible loan mortgage refinance program. The company has been rated A+ by BBB and works as a direct mortgage lender. loanDepot is not only a high quality loan service but also provides premium online resources for additional customer support. Its “No Steering” policy ensures clients get the appropriate loan that suits their current and future needs. We recommend loanDepot for consumers who are looking for a mortgage refinance company because of its wide range of home loans and mortgage refinancing programs. 

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Latest Reviews

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I beg you, Do Not Use LoanDepot! I had the worse experience dealing with them. Very unprofessional! After the appraizal, they dropped the ball. Did not send me time sensitive requests. Did Not communicate with me on the progress. I lost a large sum of money dealing with this company and ended up with a deal I would have never accepted.

Lisa Strader
Folsom, California
I'm trying to pay my mortgage on a bi-monthly basis and keep hitting walls with this company. They won't accept the 1/2 payment early and if they do, they apply all to principal. The only way to get on a bi-monthly schedule is to pay current month and following month in full. Their second rule was that they needed two cycles in a month to withdraw, ok, fine. So a 3 cycle month is coming up and I inquired about signing up then for the bi-monthly. Was told I couldn't because the first cycle was on the 2nd day of month which covered the second half of the current month payment. Therefore there were 2 cycles left to withdraw in order to fulfill the next month payment in full on the 30th day of... Read More

Shannon Mayo
they lead us along for 90 days....and then came up with more excuses, very bad experience!! I would not recommend to anyone. please look else where for your refinance options.

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