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One True Loan is good for borrowers looking for flexible loan options and convenience with 24/7 real-time rate quotes.
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Loans offered
Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity line of credit (HELOC); flex-term
Min. credit score required
580 for conventional loans, 660 for jumbo loans, 580 for FHA loans, 580 for VA loans
Nationwide availability
Available in California, Colorado, Idaho, Louisiana, Montana, Oklahoma, Oregon, Texas, Washington and Wyoming
Min. down payment
3.5% for FHA loans, none for VA loans
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4.7
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity line of credit (HELOC); flex-term
Nationwide Availability
Available in California, Colorado, Idaho, Louisiana, Montana, Oklahoma, Oregon, Texas, Washington and Wyoming
Min. credit score required
580 for conventional loans, 660 for jumbo loans, 580 for FHA loans, 580 for VA loans
1-Click Quote feature provides real-time rate quotes 24/7
Lender credit available to eligible borrowers
Special programs including flex-term and no-PMI loans
Only available in 10 states
Doesn’t offer home equity loans or USDA loans
One True Loan is good for borrowers looking for flexible loan options and convenience with 24/7 real-time rate quotes.
One True Loan’s up-to-the-minute mortgage rates are available through its 1-Click Quote feature online. To see rates, the tool requests information about the location of the property, loan purpose, loan amount, property value and whether you want to use escrow impounds to include your taxes and insurance in your mortgage payment — no personal information is required.
After you click to see your rates (which you can easily view side-by-side), you can download a quote and compare it against competitors.
One True Loan is a broker, so lender fees vary depending on your loan scenario and credit strength. If you’re eligible, you can receive a lender credit to help offset fees. You’ll see costs and fees when you run a quote.
One True Loan can connect you with a standard conventional mortgage, as well as jumbo options and some government-insured loans. The broker is also equipped to help with refinancing when the time comes. Its credit score requirements are notably lower than those of other brokers and lenders — most conventional loans require at least 620, and many lenders look for a score of 700 or higher for a jumbo loan.
One True Loan hasn’t been around as long as some other shops, with $350 million in loan volume since its founding. The broker is a Better Business Bureau-accredited business with an A+ rating.
You obtain a prequalification or preapproval or apply for a loan through One True Loan’s website, which allows you to submit documents and e-sign where applicable. There are also email and text capabilities for direct communication with the broker. Its customer service hours are Monday through Friday from 8 a.m. to 5:30 p.m. PT.
One True Loan offers rate-and-term, cash-out and streamline refinancing. To apply for a refinance, you can fill out an application online, print the application or call the broker directly. The broker doesn’t require an application fee or appraisal deposit. Like with purchases, you can run quotes and view refinance rates with the broker’s 1-Click Quote feature.
5.0
66 ratings
This lender has 0 reviews.
100% of customers would recommend this lender.