Ally Bank
3.5 Bankrate ScoreAlly Bank began offering direct-to-consumer home...
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HomeLend Mortgage is a smaller-sized online lender. Like many online players, it doesn’t charge fees, which could save you some money at closing. Be sure to compare this lender’s APR against others’ to get the full picture.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, refinancing and more
Min. credit score required
Undisclosed
Nationwide availability
California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington
Min. down payment
3% for conventional loans, 3.5% for FHA loans; none for VA loans
HomeLend Mortgage is the consumer-direct company owned by New Jersey-based Kwik Mortgage. The lender has helped more than 10,000 borrowers with more than $4 billion in mortgages since its founding in 1998. It specializes in offering an entirely digital experience, with an online portal borrowers can use to track their applications, e-sign and more. It’s a smaller player: Kwik Mortgage was the nation’s 792nd-largest mortgage originator in 2022, according to federal data.
No lender fees
Preapprovals in 15 minutes
A+ rating from the Better Business Bureau and exceptional reviews from past customers
Only available in 19 states
Doesn’t display rates online (must share personal info for a custom rate quote)
No USDA loans or home equity products
HomeLend Mortgage doesn’t charge any lender fees. It doesn’t publicly display its rates online; however, you can complete a custom rate quote form with information about your credit score, employment status and other factors to get a personalized estimate of your borrowing costs.
HomeLend Mortgage operates in less than half of U.S. states, but notably works with borrowers in California, Florida, New York and Texas. The lender provides conventional loans as well as some government-backed loans (FHA and VA), along with refinancing should rates drop. It also offers jumbo loans.
HomeLend Mortgage has been in business for more than 20 years. The lender is accredited by the Better Business Bureau and has an A+ rating from the organization. You can submit a request for a custom rate quote on HomeLend’s website to get an estimate of your mortgage costs, and you can apply for your loan online, too. The lender typically issues preapprovals in 15 minutes. You can lock your rate, sync your bank accounts, upload documents and sign them electronically via the lender’s portal, as well. There’s also a calculator to help estimate your monthly payments.
You can apply for a mortgage with HomeLend Mortgage online or by phone at 888-749-9595. Here are some tips to prepare for the process:
HomeLend Mortgage offers both rate-and-term and cash-out refinancing options. The lender’s website doesn’t offer much information about refinancing options, but you can get a custom rate quote. As with purchase, there are no lender fees for refinancing.
Rating: 3.6 stars out of 5
3.6
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.9 stars out of 5
4.9
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.8 stars out of 5
4.8
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Loans offered Conventional, jumbo, FHA, VA, refinancing and more |
Loans offered Conventional, jumbo, FHA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Min. credit score required Undisclosed |
Min. credit score required 620 for conventional loans, 500 for FHA loans |
Min. credit score required 620 for conventional loans, 580 for FHA loans, 580 for VA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans; none for VA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans |
Nationwide availability California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington |
Nationwide availability Available in all U.S. states except Texas |
Nationwide availability All U.S. states |
NMLS: 138075
State License: MC-5650
4.8
116 ratings
This lender has 1 recent reviews.
97% of customers would recommend this lender.
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In addition to collecting reviews on-site, Bankrate collaborated with third-party Slice MR to survey 750 homeowners nationwide in July 2024. Bankrate and Slice MR collected, averaged and presented responses to nine questions. Users received an incentive for their feedback. Responses are based on individual experiences, and therefore cannot be verified for accuracy. User ratings are unedited and have not been reviewed or approved by lenders, nor do these ratings reflect Bankrate’s own reviews of these lenders.
To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?