HomePlus Mortgage overview
HomePlus Mortgage is a mortgage broker headquartered in San Diego, California, with branches in 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.
Borrowers interested in no-closing-cost loans or a quick closing
- Rate-and-term and cash-out refinancing
- No-doc loans
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.
HomePlus Mortgage doesn’t publicly advertise mortgage rates. For a rate quote, you’ll need to complete a form with your information online.
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, and you can put down as little as 5 percent.
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.
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Breakdown of HomePlus Mortgage overall review score
- Affordability: 3/5
- Availability: 4.3/5
- Borrower experience: 4.7/5
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.