HomePlus Mortgage Review 2021

By Ellen Chang

Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.

At a glance

HomePlus Mortgage

4.4

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Bankrate Score

Find your mortgage match

Get paired with your best mortgage offers in 2 minutes or less.

Find my best matches
Mortgage percent icon

Loans offered

Conventional, fixed-rate, adjustable-rate mortgage (ARM), VA, FHA, USDA
Location Icon

Nationwide availability

Available in Arizona, California, Colorado, Florida, Idaho, Montana, Oregon, Texas and Washington
Credit good icon

Min. credit score required

620 for conventional loans

Pros and cons

Pros

  • Seven physical branches
  • No points or closing costs
  • Offers preapproval

Cons

  • No mortgage rates online

HomePlus Mortgage overview

HomePlus Mortgage is a mortgage broker that matches borrowers with the right home loan, with both physical branches and online options for mortgages. The company, which is headquartered in San Diego and was founded in 1999, offers conventional 30-year and 15-year loans, adjustable-rate mortgages (ARMs) and government-insured loans like FHA, VA and USDA loans. In addition to San Diego, the company's brick-and-mortar branches are located in Carlsbad, Dana Point, Lake Forest and Mission Viejo, California, along with Phoenix, Arizona and Dallas, Texas. Borrowers can secure a preapproval "within seconds," according to the broker's website, and the company also has access to loans that don't require a debt-to-income (DTI) ratio calculation or income verification.

Loan types

  • Conventional
  • Fixed-rate
  • Adjustable-rate mortgage (ARM)
  • VA
  • FHA
  • USDA

Lender fees

HomePlus Mortgage has loan options with or without closing costs, including zero-point, zero-origination fee mortgages, according to its website.

Minimum borrower requirements

HomePlus Mortgage follows Fannie Mae’s underwriting guidelines, which means borrowers need a minimum credit score of 620 and can put as little as 3 percent down.

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.

Other mortgage lender reviews:

Find your mortgage match

Get paired with your best mortgage offers in 2 minutes or less.

HomePlus Mortgage consumer reviews

4.9

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

311 reviews

5 stars
4 stars
3 stars
2 stars
1 stars
305
2
0
0
4

Customer service rating

Knowledge
5.0
Level of service
5.0
Professionalism
4.9
Responsiveness
4.9

99% of reviews would recommend this lender

0 of 0 rates honored

Review this lender

Write a review of your experience with HomePlus Mortgage.

10 of 52 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.

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

High Recommend Zach

Kate | California | 8/18/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Homeplus Mortgage

Miles and Thresa Ansley | Rancho Cucamonga CA | 8/21/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Very Smooth Process A

Ali | Orange County, California | 8/21/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Excellent service, Emily is knowledge, patient and

Syd | South lake tahoe | 9/1/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Outstanding experience

Alan L | CA | 9/10/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

They made it easy!

Eric | TX | 9/11/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Highly Recommend

B L | Walnut Creek, CA | 9/11/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Emily Van Slyke is phenomenal!

Annie | FountainnValley | 9/13/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Ask for Melisa Savidge!!

Samuel C | San Diego, CA | 9/21/2020

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Great Service  Competitive Rate

Andrew G | Alameda, CA | 9/21/2020