HomePlus Mortgage Review 2021

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At a glance

HomePlus Mortgage

4.5

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Bankrate Score

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Loans offered

Conventional, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; no-doc loans
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Nationwide availability

Available in Arizona, California, Colorado, Florida, Idaho, Montana, Oregon, Texas and Washington
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Min. credit score required

Minimum credit score requirements not available

Pros 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

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

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319 reviews

5 stars
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313
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Customer service rating

Knowledge
5.0
Level of service
5.0
Professionalism
4.9
Responsiveness
4.9

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.

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Worth It

Octavio | 92346 | 10/30/2020

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Great Experience and Saved a bunch

Andy | 91913 | 11/3/2020

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Great Service!

Brad | Fullerton | 11/16/2020

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Easy refinance! Thanks, Jamison Ricci!

Sara Y. | San Diego, CA | 11/19/2020

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Responsive and Patient ... plus a Great Deal!

Billy | West Hills, CA | 12/3/2020

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Reliable and Responsive

C Adams | 94044 | 12/8/2020

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Excellent service!

Bjorn | CA | 12/18/2020

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Chuck is the star!

D. W. | Monterey Park, CA | 1/15/2021

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Quick and painless

Dan | Corona, CA | 1/15/2021

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Excellent experience!

Logan | Sherman Oaks, CA | 1/23/2021

Written by
David McMillin
Contributing writer
David McMillin writes about credit cards, mortgages, banking, taxes and travel. David's goal is to help readers figure out how to save more and stress less.
Edited by
Mortgage editor