eClick Lending Mortgage Review 2021

By Ellen Chang

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.

At a glance

eClick Lending

NMLS: 227765

State License: MC-5920

3.6

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Loans offered

Conventional, fixed, adjustable; refinancing options include cash-out refinancing
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Nationwide availability

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
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Min. credit score required

620 for conventional loans

Pros and cons

Pros

  • Offers preapproval
  • Has high user review scores
  • Offers closings quickly, in as few as two weeks

Cons

  • 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.

Loan types

  • Conventional
  • Fixed
  • Adjustable
  • Cash-out refinancing

Lender fees

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.

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eClick Lending consumer reviews

5.0

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345 reviews

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337
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Customer service rating

Knowledge
5.0
Level of service
5.0
Professionalism
5.0
Responsiveness
5.0

100% of reviews would recommend this lender

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