
Ally Bank
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HomePlus Mortgage is good for borrowers interested in no closing cost-loans or a quick closing.
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Loans offered
Conventional, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; bank statement and no-doc loans; debt service coverage ratio (DSCR) loans
Min. credit score required
Undisclosed
Nationwide availability
Available in Arizona, California, Colorado, Florida, Idaho, Montana, Nevada, New Mexico, Oregon, Tennessee, Texas, Utah and Washington
4.7
Bankrate Score
Loans offered
Conventional, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; bank statement and no-doc loans; debt service coverage ratio (DSCR) loans
Nationwide Availability
Available in Arizona, California, Colorado, Florida, Idaho, Montana, Nevada, New Mexico, Oregon, Tennessee, Texas, Utah and Washington
Min. credit score required
Undisclosed
Fast closings
Offers loans that do not require income verification or DTI ratios
Excellent BBB rating
No mortgage rates online
Only available in some states
HomePlus Mortgage is good for borrowers interested in no closing cost-loans or a quick closing.
HomePlus Mortgage doesn’t display mortgage rates publicly on its website. For a quote, you’ll need to complete a form with your information online. While the broker doesn’t explicitly list its fee structure online, its website does indicate that it offers zero-origination fee loans. Typically, brokers don’t charge borrowers fees, but the lenders they work with do.
As a broker, HomePlus Mortgage can connect you with a lender that provides conventional loans as well as some government-insured loans (FHA and VA), along with options to refinance your existing mortgage. Notably, it’s also equipped to work with borrowers with unique credit or financial circumstances, offering access to non-qualifying (non-QM) loans, including bank statement loans, no-doc loans and debt service coverage ratio (DSCR) loans. Depending on the type of loan, you might not need to provide proof of income or meet a specific DTI ratio limit.
HomePlus Mortgage has been in business for more than 20 years. The broker is accredited by the Better Business Bureau and has an A+ rating from the organization.
As a borrower, you can expect to get preapproved within 48 hours (assuming you’re eligible for a loan), and you can apply easily online when you’re ready. After you apply, a loan officer will be in touch within 24 hours, and a paper copy of your application will be mailed to you within three business days. However, the broker doesn’t offer e-closings; all final loan documents must be signed in person in front of a notary.
If you have questions about a loan, HomePlus Mortgage is available Monday through Friday from 8 a.m. to 6 p.m. PT. Your loan officer is also available after-hours or on weekends as needed.
You can refinance your current mortgage with HomePlus Mortgage. You’ll need to complete a form for a rate quote and an estimate of costs.
5.0
343 ratings
This lender has 0 reviews.
99% of customers would recommend this lender.