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Orchard Mortgage is good for borrowers looking for a fast approval, application and closing process.
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Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; flex-term
Min. credit score required
680 for conventional loans
Nationwide availability
Available in Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Montana, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Carolina, South Dakota, Texas, Washington, Wisconsin and Wyoming
Min. down payment
3% for conventional loans, 3.5% for FHA loans, none for VA loans
The customer 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. Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
Jennifer and Jimmy from Orchard Mortgage are outstanding. They are super friendly, professional and very knowledgeable. We had a VA loan for brand new built house which is a very complex scenario, but Jennifer and Jimmy made this process very simple and easy for me. We are a returning customer for t...
Jimi
Porter Ranch, CA (Jun 28, 2022)
5.0
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; flex-term
Nationwide Availability
Available in Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Montana, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Carolina, South Dakota, Texas, Washington, Wisconsin and Wyoming
Min. credit score required
680 for conventional loans
Streamlined online application takes approximately 10 minutes to complete
Low overhead can yield lower rates
Closings average 24 days
Not available in every state
Doesn’t offer some specialized mortgages, including construction and USDA loans
Orchard Mortgage is good for borrowers looking for a fast approval, application and closing process.
Orchard Mortgage’s rates are competitive compared to Bankrate’s averages, and the company strives for transparency when it comes to costs, advertising “no hidden fees” on its website. To get a rate quote, however, you’ll need to set up a profile online.
Orchard Mortgage is available to borrowers in more than 25 states. Its mortgage products include conventional, FHA and VA loans for home purchases and refinances. It also offers flexible loan terms beyond 15 years or 30 years, with as few as eight years an option. Generally, you’ll need at least 3 percent down to qualify for a loan through this company.
Orchard Mortgage was founded in 2019, then branded as LoanMonkey. It currently has an A+ rating from the Better Business Bureau.
If you’re interested in working with Orchard, you can set up a profile online to see rates and get prequalified, a process that typically takes 10 minutes or less, according to the company. If you’re eligible, you can expect an approval in 24 hours, and the average closing timeline on a home sale is currently 24 days. If you have questions, the company’s customer service hours are 9 a.m. to 6 p.m. ET.
Orchard Mortgage offers rate-and-term and cash-out refinancing. Like the purchase loan application process, you can begin the process of applying for a refinance by setting up a profile.
4.8
75 ratings
This lender has 1 reviews.
95% of customers would recommend this lender.
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.
Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
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.
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?