Accelin Loans Mortgage Review 2021

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At a glance

Accelin Loans

4.1

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Bankrate Score

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Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; home equity line of credit (HELOC), home equity loan; flex-term
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Nationwide availability

Available in Colorado, Oregon and Washington
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Min. credit score required

620 for conventional loans

Pros and cons

Pros

  • Can begin application with simple, short online form
  • Borrowers may have access to more options with a broker
  • No cost to get preapproved

Cons

  • Only operates in Colorado, Oregon and Washington
  • Doesn't publish interest rates, minimum borrower requirements or fees; borrowers must start the application process to discover this information

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. The preapproval process through Accelin Loans can be started online, and once you've spoken to a loan officer and provided the required information, including your income, you can 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 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.

Good for

Borrowers in Colorado, Oregon or Washington looking to get quotes from different lenders, are comfortable with an online application and would prefer to work with a broker that has access to several loan options

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term and cash-out refinancing
  • Home equity line of credit (HELOC)
  • Home equity loan
  • Flex-term

Lender fees

Accelin Loans does charge lender fees, though they vary by loan product. The broker does not disclose these fees online; borrowers must work with the broker to determine the fees for the loan in question. Notably, jumbo loans come with reduced lender fees, according to the broker’s website.

Rates 

Accelin Loans doesn’t advertise mortgage rates online. To get current rates, you’ll need to first answer a series of questions on the website, 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.

Reputation 

Accelin Loans is accredited by and has an A+ rating from the Better Business Bureau.

Online services 

Through the Accelin Loans website, borrowers can get preapproved for a mortgage or refinance. While there is no mobile app from the broker, there is a mortgage calculator and a free refinance analysis available online.

Minimum borrower requirements

Accelin Loans generally adheres to the guidelines set by Fannie Mae and Freddie Mac, which ask for a minimum credit score of 620 for a conventional loan, among other requirements. In addition, the lenders the broker works with typically require a debt-to-income (DTI) ratio of no more than 50 percent (with some exceptions going higher for FHA and VA loans), according to the broker’s website. With an FHA loan, borrowers can put down as little as 3.5 percent. With a VA loan, there is no down payment requirement. 

Refinancing with Accelin Loans

Through Accelin Loans, you can refinance for a fixed-rate loan, adjustable-rate mortgage (ARM), conventional, jumbo, FHA, VA or USDA loan. The loan term you refinance to can vary from 5 years to 30 years. 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 after reviewing your inquiry.

Not sure if Accelin Loans is right for you? Consider these alternatives

  • New Fed Mortgage review: A smaller-size lender licensed primarily in the Northeast and some parts of the Midwest and South, New Fed Mortgage offers loan savings to borrowers in public service.
  • First Rate Mortgage review: This lender can prequalify eligible borrowers within a day, but you’ll have a hard time getting rate quotes online.
  • eClick Lending review: This online-only lender is available in more states and offers two-week closings.
  • LowRates.com mortgage review: This national lender displays current mortgage rates online, making it easy to compare quotes.
  • Garden State Home Loans review: Borrowers can chat in real-time with this lender online, but you’ll need to consult with a loan officer in order to get preapproved.

Breakdown of Accelin Loans overall review score

  • Affordability: 14.75/15
  • Availability: 11/15
  • Borrower experience: 8/10

Review methodology

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

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Accelin Loans consumer reviews

5.0

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48 reviews

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Knowledge
5.0
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5.0
Professionalism
5.0
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5.0

100% of reviews would recommend this lender

10 of 10 rates honored

Review this lender

Write a review of your experience with Accelin Loans.

10 of 10 reviews

The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.

To help serve you with relevant information the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.

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Smooth Refi

John | WA | 11/4/2020

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Smooth, quick process

Dana | Oregon | 11/6/2020

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Incredible service and support

Rich | Redmond, Washington | 11/16/2020

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Great Experience with Priscilla at Accelin!

John P | Camas | 1/15/2021

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Very positive experience

mnwa | WA | 1/20/2021

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Smooth and painless

Ben | Washington | 1/29/2021

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Overall experience with Accelin was great!

James G. | Husum, Wa. | 2/22/2021

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Very positive experience with Accelin Loans and Priscila Netto

Nadia A. | Edmonds, WA | 4/6/2021

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Very positive experience with Jesse, fast close and low interest rate.

Jill | Washington | 6/21/2021

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Quick and easy - just what I wanted!!!

Very fast and easy | Washington | 7/5/2021

Written by
Jackie Lam
Contributing writer
Jackie Lam is a contributing writer for Bankrate. Jackie writes about auto loans.
Edited by
Mortgage editor