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Allied Mortgage Group Review 2023

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At a glance

Allied Mortgage Group
NMLS: 1067
State License: MC-2347
Editor's take

Allied Mortgage Group is good for borrowers who are self-employed or have unusual financial circumstances, or looking for an interest-only mortgage.

Bankrate Score
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3.8
Rating: 3.8 stars out of 5
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Bankrate Score

Customer Rating
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4.9
Rating: 4 stars out of 5

111 ratings

Mortgage Percent

Loans offered

Conventional, FHA, VA, USDA; construction and renovation loans; interest-only; bank statement

Credit Good

Min. credit score required

620 for conventional loans, 700 for jumbo loans

Location

Nationwide availability

Available in 34 states and Washington, D.C.

Dollar Coin

Min. down payment

3% for conventional loans; 3.5% for FHA loans; none for VA loans and USDA loans

At a glance

Allied Mortgage Group

NMLS: 1067

State License: MC-2347

3.8

Rating: 3.8 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, FHA, VA, USDA; construction and renovation loans; interest-only; bank statement

Location

Nationwide Availability

Available in 34 states and Washington, D.C.

Credit Good

Min. credit score required

620 for conventional loans, 700 for jumbo loans

Allied Mortgage Group overview

Allied Mortgage Group is a mortgage lender with both branch and online service. The lender was founded in 1993 and is headquartered in Bala Cynwyd, Pennsylvania, with brick-and-mortar locations in California, Connecticut, Florida, Maryland, Massachusetts, Nevada, New Jersey, New York, North Carolina and Pennsylvania. The lender provides fixed-rate and adjustable-rate mortgages (ARMs), interest-only mortgages, mortgages for self-employed workers and mortgages for some borrowers who recently lost their home but have good credit. It also offers FHA, VA and USDA mortgages.

Pros and cons of Allied Mortgage Group

Pros
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    Offers flexible mortgage options like interest-only loans and loans for the self-employed

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    Has loans for creditworthy borrowers who lost a home due to job loss or medical bills in the last two years

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    Has options for investors

Cons
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    Online information about loan costs and interest rates limited

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    Not available in all states

Our Editor’s Take on Allied Mortgage Group

Allied Mortgage Group is good for borrowers who are self-employed or have unusual financial circumstances, or looking for an interest-only mortgage.

How Bankrate scored Allied Mortgage Group

To determine Allied Mortgage Group’s Bankrate Score, Bankrate’s editorial team rated it and other 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.) We derived its overall score by considering three basic factors:

  • Affordability: Allied Mortgage Group doesn’t charge fees, but you’ll need to request a quote directly from the lender in order to compare offers and rates.
  • Availability: Allied Mortgage Group offers the full suite of home loan products, including those for self-employed borrowers.
  • Borrower experience: This lender has an A+ rating from the Better Business Bureau and high marks from customers on Bankrate.

Affordability: 3/5

Affordability differs from lender to lender, so comparing costs is key. Allied Mortgage Group doesn’t charge any lender fees. The lender doesn’t showcase its current interest rates online, however; if you want a rate quote, you’ll have to fill out an online form and wait to be contacted for more information.

Availability: 4/5

This factor can make the overall mortgage application process smoother or more challenging. One of Allied Mortgage Group’s strengths: an array of loan programs for many different types of borrowers. The lender operates in more than half of U.S. states. Be sure to check whether it services your location before you set out to request a quote.

Borrower experience: 4.6/5

Know what to expect when you work with a specific lender. Allied Mortgage Group has been in operation for more than 25 years and has an A+ rating from the Better Business Bureau. You can start the application process with Allied Mortgage Group by filling out a simple form online describing the type of loan you’re looking for, though you’ll have to create an account on the site before you can access the form. The lender doesn’t specify whether you can complete the entire lending process online. If you need help with your application or other aspects of navigating the lender’s website, there’s no option for online support; you’ll need to fill out a contact form and wait for a response, or call 877-448-2745.

How to apply for a mortgage with Allied Mortgage Group

You can apply for a purchase loan or a refinance on Allied Mortgage Group’s website, in person at a branch location (depending on your state) or by email or phone at 877-448-2745. 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 Allied Mortgage Group

Allied Mortgage Group offers refinance options including cash-out and streamline refis. However, the rates and fees for these options aren’t available online. Instead, you’ll need to complete a form and await a call from a loan officer.

Compare Allied Mortgage Group to other lenders

Allied Mortgage Group
Rating: 3.8 stars out of 5
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3.8

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LoanDepot
Rating: 4.4 stars out of 5
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4.4

Bankrate Score
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Read full review
Rocket Mortgage
Rating: 4.5 stars out of 5
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4.5

Bankrate Score
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Read full review

Loans offered

Conventional, FHA, VA, USDA; construction and renovation loans; interest-only; bank statement

Loans offered

Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; construction and renovation loans

Loans offered

Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity loan; investment property; flex-term

Min. credit score required

620 for conventional loans, 700 for jumbo loans

Min. credit score required

620 for conventional loans, 700 for jumbo loans, 580 for FHA loans, 620 for VA loans

Min. credit score required

620 for conventional loans, 680 for jumbo loans, 580 for FHA loans, 580 for VA loans

Down payment

3% for conventional loans; 3.5% for FHA loans; none for VA loans and USDA loans

Down payment

3.5% for FHA loans

Down payment

3% for conventional loans; 10%-15% for jumbo loans; 3.5% for FHA; none for VA loans

Nationwide availability

Available in 34 states and Washington, D.C.

Nationwide availability

Available in all U.S. states

Nationwide availability

All U.S. states

Allied Mortgage Group customer ratings and reviews

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NMLS: 1067

State License: MC-2347

4.9

Rating: 4 stars out of 5

111 ratings

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This lender has 0 reviews.

Knowledge
Rating: 4.9 stars out of 5
Level of service
Rating: 4.9 stars out of 5
Professionalism
Rating: 4.9 stars out of 5
Responsiveness
Rating: 4.9 stars out of 5
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97% of customers would recommend this lender.