Allied Mortgage Group Review 2023

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.

• Methodology

  Bankrate's expert editorial team collects lender information through a variety of methods. We contact lenders directly, and we also turn to regulatory filings and to assessments by third parties. Our research takes into account three main factors – affordability, availability and borrower experience.

  Bankrate's reporters and editors have decades of experience covering the mortgage industry. They're skilled at gathering information through interviews and by scouring regulatory filings. Bankrate evaluates more than 85 lenders for factors relating to affordability, availability and customer experience, assigning each a Bankrate Score out of five stars. Here's how we assess each of the categories:

  • Affordability. Loan cost is a deciding factor for many borrowers. We look at two metrics: 1) a lender's lowest advertised annual percentage rate (APR) based on Bankrate's sample scenario, which assumes a 740 or higher credit score and a 20 percent down payment, among other factors and 2) established-customer discounts or incentive pricing, when applicable.
  • Availability. Another factor is how quickly your loan application will be approved, and how many loan programs the lender offers. So we evaluate approval and closing timelines and diversity of loan products.
  • Customer experience. Finally, we delve into what it's like to deal with the lender as a consumer. We look at the lender's application process and availability of customer service support. We also consider the results of J.D. Power's 2022 Mortgage Origination Satisfaction Survey.

  Bankrate's editorial team confirms the accuracy of data at the time of publication. Our team is dedicated to maintaining the timeliness of information – the mortgage industry is changing constantly, so we regularly revisit these reviews to update them.

  Bankrate's methodology page spells out our rating process in greater detail.

  Our editorial team confirms the accuracy of data at the time of publication and is dedicated to maintaining the timeliness of information.

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.