CrossCountry Mortgage Mortgage Review 2020

By Bankrate Staff

About our reviews

Bankrate’s editorial team researches, reviews and rates lenders to help you find one that fits your needs. Our experts consider a range of factors, including rates, loan types, time to close, fees and more. Reviews are updated regularly. Bankrate is an independent, advertising-supported comparison service. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.

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4.0

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Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.

CrossCountry Mortgage is a full-service, nationwide lender featuring an extensive range of loan products. Founded in 2003, CrossCountry is headquartered in Brecksville, Ohio. The company began as a solo venture by Ronald J. Leonhardt Jr., who now serves as CEO.

Nationwide availability

Available in all 50 states and the District of Columbia.

Minimum credit score

CrossCountry Mortgage doesn't publish its credit requirements. The credit score you’ll need in order to qualify for a loan varies by mortgage type. Generally, these are the minimum credit requirements: 620 for conventional loans; 660 for jumbos; 500 for FHA.

Loan types

Conventional, VA, FHA, USDA, fixed-rate, ARM, jumbo. Refinancing options include rate-and- term refinancing and cash-out refinancing. Home equity programs include home equity lines of credit (HELOCs) and reverse mortgages.

Pros

  • Can close most loans in as little as 21 days
  • Extensive range of available loan types, including HELOCs
  • Dedicated loan officer throughout the process

Cons

  • Doesn't offer online process for approval; you have to speak to a loan officer
  • Doesn't publish lender fees or in-depth borrower requirements

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CrossCountry Mortgage overview

Loan types

  • Conventional
  • VA
  • FHA
  • USDA
  • ARM
  • Jumbo
  • Refinancing options include rate-and- term refinancing and cash-out refinancing
  • Home equity programs include home equity lines of credit (HELOCs) and reverse mortgages 

Lender fees

Ally Home fees vary by loan type, but they are typically 1 percent to 2 percent of the purchase price.

Minimum borrower requirements

 Lender fees are not available on their website but, keep in mind, that most lenders charge origination and application fees. 

CrossCountry offers a number of programs that can lower your obligation at closing, including FHA, USDA and VA loans. These government-backed loans may allow you to wrap closing costs into your overall monthly payment. 

Get started with CrossCountry Mortgage

Borrowers can start the application process online or by phone. After submitting information online, a loan officer will contact you about options.

Hours

CrossCountry Mortgage doesn’t have set hours — it varies by branch location.  You can find a loan officer near you on the lender’s website. (877) 351-3400    

CrossCountry Mortgage consumer rating and reviews

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