CMG Home Loans Review
See how often this lender beats the typical offer on 2025 loans.
How Bankrate scores CMG Home Loans
- Price competitiveness
How often this lender's borrowers pay at or below the typical price for a comparable loan.
3 out of 5 - Amount of overpayment
How much extra borrowers ended up paying with this lender compared to the best price for a comparable loan. A higher percentile score is always better.
2 out of 5 - Customer complaints
How often consumers complain about this lender, and whether they get relief.
11%3 out of 5 - Where and what they lend
How many states and loan types this lender serves.
100%5 out of 5
No lender can pay for a higher Bankrate Rating. Every score comes from the same data and criteria.
2025 ratings, across all four measures
A few more details worth knowing
Though these don't affect the star rating, we show them so you have the full picture.
For applicants age 62 and older, we measure two things: whether this lender denies them more often than its own lending patterns would predict after accounting for loan size, income, debt-to-income ratio, and loan type; and whether it lends to them at rates similar to comparable lenders. Both of those measures fell outside the expected range. Credit scores are not available in this dataset, so they are not included in the analysis. Because that variable is held constant across all lenders, it should reduce the extent to which missing credit-score data affects comparisons between them.
We looked at how often a lender's applications end up as closed loans, not counting any that were denied or the applicant withdrew. At this lender, fewer than 90% did, which might mean quoted terms changed before closing, applicants stepped away, or both.
Ready to get the lowest rate?
the lowest rate?See what CMG Home Loans will actually offer you when it has to compete — in minutes, with no hit to your credit.
What Bankrate's editors think
CMG Mortgage offers two down payment grants: up to $2,500 for lower-income buyers and up to $6,000 through Community ONE in specific zip codes. It also runs HomeFundIt, a crowdfunding platform for gifts from friends and family — CMG will match $2 for every $1 you raise, up to the lesser of 1% of the purchase price or $2,000, but only once you’ve crowdfunded it yourself.
The site won’t show you cost, but CMG isn’t cheap once you get a quote — about half of its loans were priced below comparable 2025 mortgages, and it charges more in added costs over eight years than most comparable lenders. Origination-related complaints are rare, but when they do happen, almost none get resolved with real relief. About 1 in 10 approved CMG loans never reach closing, a weaker close rate than other lenders we review. Note that loans sometimes fall through for reasons beyond a lender’s control, including an applicant walking away.
At a glance
Good for borrowers who qualify for a location-based down payment grant through Community ONE, or income-based assistance. Not a good fit if you want to compare costs upfront: CMG doesn’t publish rates online, and the data shows it’s not especially cheap once you get a quote.
Compare lenders
Get today's rates for youCompare CMG Home Loans with any of our rated 1,962+ lenders. We start by stacking it up against a lender of similar reach and scale — but you can swap in any lender you’d like.
Figures are drawn from public lending and complaint data and weighted by loan volume.
Ready to see what CMG Home Loans will really offer you?
See your real rate in minutes, with no hit to your credit.
