
Ally Bank
4.9 Bankrate ScoreAlly Bank began offering direct-to-consumer home...
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Allied Mortgage Group is good for borrowers who are self-employed or have unusual financial circumstances, or looking for an interest-only mortgage.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, FHA, VA, USDA; construction and renovation loans; interest-only; bank statement
Min. credit score required
620 for conventional loans, 700 for jumbo loans
Nationwide availability
Available in 34 states and Washington, D.C.
Min. down payment
3% for conventional loans; 3.5% for FHA loans; none for VA loans and USDA loans
NMLS: 1067
State License: MC-2347
3.8
Bankrate Score
Loans offered
Conventional, FHA, VA, USDA; construction and renovation loans; interest-only; bank statement
Nationwide Availability
Available in 34 states and Washington, D.C.
Min. credit score required
620 for conventional loans, 700 for jumbo loans
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.
Offers flexible mortgage options like interest-only loans and loans for the self-employed
Has loans for creditworthy borrowers who lost a home due to job loss or medical bills in the last two years
Has options for investors
Online information about loan costs and interest rates limited
Not available in all states
Allied Mortgage Group is good for borrowers who are self-employed or have unusual financial circumstances, or looking for an interest-only mortgage.
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 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.
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.
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.
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:
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.
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Rating: 3.8 stars out of 5
3.8
Bankrate Score
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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 |
NMLS: 1067
State License: MC-2347
4.9
111 ratings
This lender has 0 reviews.
97% of customers would recommend this lender.