HomePlus Mortgage Review 2021
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At a glance
4.5
Bankrate Score
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Find my best matchesLoans offered
Conventional, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; no-doc loansNationwide availability
Available in Arizona, California, Colorado, Florida, Idaho, Montana, Oregon, Texas and WashingtonMin. credit score required
Minimum credit score requirements not availablePros and cons
Pros
- Fast closings
- Offers loans that do not require income verification or debt-to-income ratios
- Excellent BBB rating
Cons
- No mortgage rates online
- Only available in nine states
HomePlus Mortgage overview
HomePlus Mortgage is a mortgage broker headquartered in San Diego, California, with branches in Arizona, California and Texas. The broker, founded in 1999, offers online preapprovals and closings as quick as 21 days. In addition to standard loan options, you can find programs through this broker that do not require verifying your income or examining your debt-to-income (DTI) ratio.
Good for
Borrowers interested in no-closing-cost loans or a quick closing
Loan types
- Conventional
- FHA
- VA
- Fixed-rate
- Adjustable-rate
- Rate-and-term and cash-out refinancing
- No-doc loans
Lender fees
While HomePlus Mortgage doesn’t explicitly list its fee structure online, its website does indicate that it offers zero-origination fee loans. Typically, brokers do not charge borrowers fees, but the lenders they work with do.
Rates
HomePlus Mortgage doesn’t publicly advertise mortgage rates. You can complete a form with your information online for a rate quote.
Reputation
HomePlus Mortgage is accredited by the Better Business Bureau and has an A+ rating from the organization.
Online services
HomePlus Mortgage offers an online preapproval and application. 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 does not offer e-closings; all final loan documents must be signed in person in front of a notary.
Minimum borrower requirements
HomePlus Mortgage adheres to the conforming loan requirements for mortgages approved by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, as well as those backed by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). For conventional loans, the broker offers flexibility to apply without verifying your income or meeting debt-to-income ratios.
Refinancing with HomePlus Mortgage
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.
Not sure if HomePlus Mortgage is right for you? Consider these alternatives
- First Midwest Bank mortgage review: Wider availability and closing cost assistance options
- CFBank mortgage review: No underwriting or origination fees and loan options with no closing costs
- First Mortgage Direct review: No lender fees and the option to pay points for a lower rate (which is also an option through HomePlus).
- Chase Home Lending review: One of the big bank lenders with thousands of locations and relationship pricing for eligible borrowers
- Valley National Bank mortgage review: An assortment of loan choices and flat-fee refinancing
Breakdown of HomePlus Mortgage overall review score
- Affordability: 14.75/15
- Availability: 12/15
- Borrower experience: 14/15
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.
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HomePlus Mortgage consumer reviews
4.9
319 reviews
Customer service rating
99% of reviews would recommend this lender
10 of 10 rates honored
Review this lender
Write a review of your experience with HomePlus Mortgage.
10 of 47 reviews
The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.
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.
Worth It
Octavio | 92346 | 10/30/2020
I shopped around and selected a different company at first. They promised one thing and when it came time to close the rate was higher so I went with HomePlus instead. HomePlus seemed more professional and layed out the information ahead of time. They did not over promise but they did deliver.
Great Experience and Saved a bunch
Andy | 91913 | 11/3/2020
This is my 3rd refinance with HomePlus. We worked with Chris each time. He's able to get us up to the minute rates and the final results are always close to the initial estimates. The rates we get are always competitive with what is on the open market. He's able to guide us through the maze of refin...
Great Service!
Brad | Fullerton | 11/16/2020
This is the third time we have used HomePlus and James to handle our refi. I would highly recommend them. James and his team make the entire process a smooth as possible.
Easy refinance! Thanks, Jamison Ricci!
Sara Y. | San Diego, CA | 11/19/2020
Jamison Ricci is a star broker and he made my refinance experience painless and pleasant! When I mentioned to a mutual friend that I wanted to refinance my mortgage, she referred me to Jamison and he contacted me within 48 hours about current rates. We were able to lock into a great rate on the sa...
Responsive and Patient ... plus a Great Deal!
Billy | West Hills, CA | 12/3/2020
I found Charlie Wickstrand and HomePlus through Bankrate.com. Charlie was extremely patient as I shopped around for the best rate and lowest closing costs for our refinance. When I was ready to pull the trigger, he quickly sprung into action, and less than a month later, our refinance was funded! Gr...
Reliable and Responsive
C Adams | 94044 | 12/8/2020
Tim Paris was great to work with. He helped us successfully navigate a tricky subordination and was reliable and responsive. He always responded to calls and voicemails in the same business day. Even if he didn't have any updates. Most impressive was his phone rarely ever went to voicemail.
Excellent service!
Bjorn | CA | 12/18/2020
Tad was excellent - always on the ball, always ready to answer our questions.
Chuck is the star!
D. W. | Monterey Park, CA | 1/15/2021
It is an awesome experience working with Chuck Crowder of HomePlus Mortgage. Chuck made the refinance process extremely easy for me. Great interest rate, timely communication, very fast closing, lower than expected closing cost, and hard work even on weekend. I would definitely recommend Chuck fo...
Quick and painless
Dan | Corona, CA | 1/15/2021
Carl Snyder was extremely helpful and made the process simple. Very responsive and walked me through the whole process. Would highly recommend him.
Excellent experience!
Logan | Sherman Oaks, CA | 1/23/2021
HomePlus Mortgage gave us an excellent experience with our most recent refinance. Charlie handled everything quickly and professionally, with clear numbers timelines that were executed to a tee. And...no other lenders were even close to matching their rates and closing fees. Our entire refinance ...