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Accelin Loans Mortgage Review 2024

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At a glance

Accelin Loans
Editor's take

If you’re a borrower in Colorado, Oregon or Washington, Accelin Loans could help you find the right loan for your needs. This brokerage assists with obtaining quotes from different lenders, plus offers an online application when you’re ready to make your move.

Bankrate Score
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3.5
Rating: 3.5 stars out of 5
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Bankrate Score

Customer Rating
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5.0
Rating: 5 stars out of 5

49 ratings

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing

Credit Good

Min. credit score required

620 for conventional loans

Location

Nationwide availability

Colorado, Oregon and Washington

Dollar Coin

Min. down payment

3.5% for FHA loans

At a glance

Accelin Loans

3.5

Rating: 3.5 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing

Location

Nationwide Availability

Colorado, Oregon and Washington

Credit Good

Min. credit score required

620 for conventional loans

Accelin Loans overview

Accelin Loans is a mortgage broker founded in 2017 and operating out of Bothell, Washington. The broker works with mortgage lenders to find the best rates and loan products for borrowers in Colorado, Oregon and Washington. You can start the preapproval process with this broker online and receive a quote as early as that same day. Accelin Loans won't close your application until after you've closed on a home, so the time it takes to complete the process can vary. There might be discounts or reduced fees available, but it's on a per-case basis and depends on market conditions and your individual situation.

Pros and cons of Accelin Loans

Pros
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    Can begin application with simple, short online form

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    More options with a broker

Cons
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    Only operates in three states

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    Doesn't disclose interest rates, minimum borrower requirements or fees online; you must start the application process first

Our Editor’s Take on Accelin Loans

If you’re a borrower in Colorado, Oregon or Washington, Accelin Loans could help you find the right loan for your needs. This brokerage assists with obtaining quotes from different lenders, plus offers an online application when you’re ready to make your move.

How Bankrate scored Accelin Loans

  • Affordability: Accelin Loans is a broker, which means it works with lenders to find the most competitive deals and guide you through the home financing process. To learn your specific rate and all-in costs, you’ll need to contact the broker directly.

 

  • Availability: Accelin Loans only works with borrowers in three states.

 

  • Borrower experience: As a broker, Accelin places a high emphasis on customer service. Its website lacks some key capabilities, however, if you’re looking for a more convenient digital experience.

Affordability: 6.6/10

Accelin Loans doesn’t display mortgage rates on its website. To get current rates, you’ll need to first answer a series of questions, such as where you live, what kind of home you’re purchasing, how much of a down payment you anticipate fronting, the cost of the home and your income. After receiving and reviewing this information, the broker will follow up with a custom quote and consultation. Accelin Loans does charge lender fees, which vary by loan product. Notably, jumbo loans come with reduced fees.

Availability: 6.8/10

Accelin Loans can connect you with a range of mortgage programs to meet various needs, including conventional, FHA, VA and USDA loans. The broker operates in Colorado, Oregon and Washington.

Borrower experience: 7.5/10

Accelin Loans has been in business for more than five years. The broker isn’t accredited by the Better Business Bureau, but has an A+ rating from the organization.

Through the Accelin Loans website, you can get preapproved for a mortgage or refinance. While there’s no mobile app, there is a mortgage calculator and a free refinance analysis available online. The broker typically closes in 30 days, although this varies by borrower.

How to apply for a mortgage with Accelin Loans

You can apply for a mortgage with Accelin Loans in person at its branch location, online or by phone at 888-315-6319. Here are some tips to prepare for the process:

  1. Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.
  2. Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
  3. Provide details about the property. You’ll need to provide the address of the home and submit to an appraisal. (If you’re refinancing, you might or might not need an appraisal.)


Refinancing with Accelin Loans Accelin Loans offers both rate-and-ter and cash-out refinancing options. To get started, you’ll need to answer several questions through the website, including about your home’s current value and your current loan balance and interest rate. As with a purchase loan, the broker will contact you with a free refinance quote, provided you qualify.

Accelin Loans customer ratings and reviews

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5.0

Rating: 5 stars out of 5

49 ratings

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100% of customers would recommend this lender.