eClick Lending Mortgage Review 2022

At a glance

NMLS: 227765

State License: MC-5920

4.9

Rating: 4.9 stars out of 5

Bankrate Score

Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; investment property

Nationwide Availability

Available in Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, West Virginia and Wisconsin

Min. credit score required

620 for conventional loans

Pros and cons

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 and government loans and refinancing, and getting preapproved typically takes a business day or two, while closings for a purchase take 21 days, on average. If you’re a borrower who has already worked with the lender, there might be a discount on costs, depending on your financial situation and if you’re in good standing.

Good for

Borrowers looking to compare rates online or for a short closing, or are comfortable with doing part of the application online

Loan types

• Conventional
• Jumbo
• FHA
• VA
• USDA
• Fixed-rate
• Adjustable-rate
• Rate-and-term and cash-out refinancing
• Investment property

Lender fees 

eClick Lending does not provide lender fee information on its website.

Rates

eClick Lending advertises daily mortgage rates on its website. If you’re interested in potentially taking out a mortgage or refinancing through the lender, you can see current rates for a 15-year, 20-year, or 30-year fixed-rate mortgage or refinance.

Reputation

The lender has 3.7 stars out of five on Trustpilot.

Online services 

eClick Lending offers the option to start the preapproval and application for a mortgage online, but you’ll need to finish the process by talking to a representative or loan officer. You can reach out with questions by email or sending a comment. While there aren’t a lot of resources available on the lender’s website, there is a handy mortgage calculator that can help you figure out how much home you might be able to afford.

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 for a conventional loan. 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.

Refinancing with eClick Lending 

eClick Lending offers refinancing, including cash-out refinancing. Current refinance rates are available on the lender’s website. To get preapproved, start by going through the online application. Afterward, a loan officer will reach out to you to answer questions, review your options and offer you a quote for a 15-year, 20-year or 30-year fixed refinance. Adjustable-rate mortgages are also available.

Not sure if eClick Lending is right for you? Consider these alternatives

• Texas Trust Home Loans review: An online lender with no fees, but only available in a handful of states
• Optimum First Mortgage review: A smaller-scale lender offering no-fee refinances
• Anchor Home Mortgage review: A mortgage broker working with Florida and Georgia-based borrowers that works to match you with the best loan for your needs
• LowRates.com mortgage review: A nationwide online lender with a variety of loan choices
• Garden State Home Loans review: A lender providing the standard suite of loan products in certain states

Breakdown of eClick Lending overall review score

• Affordability: 5/5
• Availability: 5/5
• Borrower experience: 4.7/5

Review methodology 

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.