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At a glance
State License: MC-5920
Find your mortgage match
Get paired with your best mortgage offers in 2 minutes or less.
Conventional, fixed, adjustable; refinancing options include cash-out refinancing
Available in 21 states (Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Mississippi, Missouri, New Jersey, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington and Wisconsin) and the District of Columbia
Min. credit score required
620 for conventional loans
Pros and cons
Has high user review scores
Offers closings quickly, in as few as two weeks
Doesn’t offer government-insured loans (FHA, VA or USDA loans)
Doesn’t offer immediate online preapproval; you have to speak to a loan advisor first
eClick Lending overview
eClick Lending is an online-only mortgage lender headquartered in Oakbrook Terrace, Illinois, lending $1 billion to $2 billion per year. It is a division of Celebrity Home Loans LLC (formerly Midwest Equity Mortgage). The lender offers conventional loans and refinancing, with closings taking as little as two weeks — “much quicker” than the typical 40-day process other lenders may have, according to the lender's website.
eClick Lending does not provide lender fee information on its website.
Minimum borrower requirements
eClick Lending follows Fannie Mae’s underwriting guidelines, which means borrowers need a minimum credit score of 620 and can put down as little as 3 percent.
Borrowers also can have a maximum debt-to-income ratio, or DTI, of 50 percent with a Fannie Mae HomeReady Mortgage. That means the sum of your monthly debts (including the new mortgage payment) cannot exceed 50 percent of your gross monthly income.