
Ally Bank
4.9 Bankrate ScoreAlly Bank began offering direct-to-consumer home...
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LowRates.com is good for borrowers interested in quick underwriting or those in need of down payment assistance.
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Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity line of credit (HELOC), home equity loan; construction and renovation loans; investment property; reverse mortgage
Min. credit score required
620 for conventional loans, 620 for jumbo loans, 500 for FHA loans, 500 for VA loans
Nationwide availability
Available in all U.S. states (except Georgia and Massachusetts) and Puerto Rico
Min. down payment
3.5% for FHA loans, none for VA loans and USDA loans
NMLS: 3277
4.8
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity line of credit (HELOC), home equity loan; construction and renovation loans; investment property; reverse mortgage
Nationwide Availability
Available in all U.S. states (except Georgia and Massachusetts) and Puerto Rico
Min. credit score required
620 for conventional loans, 620 for jumbo loans, 500 for FHA loans, 500 for VA loans
TRU Approval program provides complete credit underwriting in under 24 hours
Closings in as few as 20 days
Down payment assistance available to eligible borrowers
Sun West Mortgage branch locations only available in some states
Loans not available in Georgia or Massachusetts
LowRates.com is good for borrowers interested in quick underwriting or those in need of down payment assistance.
Affordability: LowRates.com is transparent about its rates, which are slightly lower than Bankrate’s averages.
Availability: This company lends in all but two states, as well as Puerto RIco, and offers a range of loan products for various needs.
Borrower experience: You can easily compare LowRates.com offers with others via the lender’s website, as well as initiate a request for a quote or apply for a loan.
LowRates.com generally makes good on its promise: The lender’s rates are competitive compared to Bankrate’s averages, and it advertises current offers online and updates rates several times a day. You can get a customized rate quote instantly after answering a few basic questions about your loan. In addition, LowRates.com doesn’t charge any lender fees. There are, however, third-party fees that’ll be included in your closing costs.
LowRates.com is available in all U.S. states (except Georgia and Massachusetts) and Puerto Rico. The lender offers conventional and jumbo mortgages, along with FHA, VA and USDA loans. It also provides home equity lines of credit (HELOCs), home equity loans, construction and renovation loans, investment property loans and reverse mortgages.
LowRates.com parent Sun West Mortgage Company has an A+ rating from the Better Business Bureau, with high marks from customers. The lender has been in business for more than 40 years.
Although there’s no option for an online prequalification or preapproval, you can apply for a mortgage through LowRates.com, and also receive support via the website. Additionally, the site offers calculators, including rent versus buy, affordability and refinancing, to help you estimate costs and inform your choices. The lender doesn’t have an app, but you can sign many documents electronically. However, you’ll still need to sign some closing documents in-person.
To get started with LowRates, you can contact 844-LOW-RATE or fill out an online form.
LowRates.com offers rate-and-term, cash-out and streamline refinancing, and its refinance rates are typically competitive to the market. These rates are updated several times a day. In general, the higher your credit score, the better your rate.
NMLS: 3277
4.8
213 ratings
This lender has 0 reviews.
95% of customers would recommend this lender.