Loan Depot Mortgage Refinance Review
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.