Anchor Home Mortgage overview
Anchor Home Mortgage is an online mortgage broker with one brick-and-mortar location that originates loans for over 50 lenders and banks. The company was established in 2008 and is headquartered in Alpharetta, Georgia.
“We’ve served over 20,000 customers, and we pride ourselves on closing in under two weeks and offering some of the best mortgage rates available,” says company president Chris Stockhoff. “Our skilled lending professionals are committed to finding the right loan for your particular needs.”
Borrowers in Florida and Georgia interested in non-QM options and quick closings
- Rate-and-term, cash-out and streamline refinancing
- Home equity line of credit (HELOC)
- Home equity loan
- Non-QM loan
Anchor Home Mortgage charges a $1,050 underwriting fee.
Anchor Home Mortgage is a broker that works with several lenders, and does not display mortgage rates on its website.
Anchor Home Mortgage is accredited by the Better Business Bureau with an A+ rating
The Anchor Home Mortgage website offers a convenient online application and a range of calculators to help borrowers understand the costs of homebuying and homeownership. Rates, however, are not publicly advertised online.
Minimum borrower requirements
Anchor Home Mortgage adheres to the conforming loan requirements and underwriting guidelines for mortgages approved by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, as well as those backed by the Federal Housing Administration, U.S. Department of Veterans Affairs and U.S. Department of Agriculture. The requirements vary based on the loan and borrower. Stockhoff says the broker will consider alternative credit data, such as rent payment history, on loans that allow this information in underwriting.
Refinancing with Anchor Home Mortgage
You can refinance an existing loan with Anchor Home Mortgage. Cash-out refinances are also available. Refinance rates are not listed online, though. You will need to complete an application for more information.
Not sure if Anchor Home Mortgage is right for you? Consider these alternatives
Breakdown of Anchor Home Mortgage overall review score
- Affordability: 14.75/15
- Availability: 12/15
- Borrower experience: 13/15
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.