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PHH Mortgage is a non-bank lender that has been providing mortgages since 1984. Today, PHH Mortgage is a wholly-owned subsidiary of Ocwen Financial Corp, which acquired its parent company in 2018.
PHH Mortgage provides a variety of mortgage options and loans for homebuyers, including:
Conventional fixed-rate and adjustable-rate mortgages (ARMs)
FHA and VA loans
The lender also offers rate-and-term refinancing and cash-out refinancing.
Available in all U.S. states
Minimum credit score
PHH Mortgage didn’t respond to requests for information. According to its website, “a credit score that falls between 680 and 850 is considered more favorable and a lesser credit risk.”
Conventional fixed-rate and adjustable-rate mortgages, FHA and VA fixed-rate loans and jumbo fixed-rate loans refinancing options include rate-and-term refinancing and cash-out refinancing
Offers a variety of loans available throughout the country
Provides financing for investment and vacation properties
Has homeowners assistance programs for eligible borrowers
Website offers helpful resources like calculators, checklists and educational articles
Doesn’t offer USDA loans
Doesn’t offer home equity loans or home equity lines of credit (HELOCs)
Loans only available online or by phone; there are no physical branches
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Conventional fixed-rate and adjustable-rate mortgages
FHA and VA fixed-rate loans
Jumbo fixed-rate loans
Refinancing including rate-and-term refinancing and cash-out refinancing
PHH Mortgage lender fees vary by loan type.
Minimum borrower requirements
PHH 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, key requirements include good credit (typically a FICO score of 620 or higher). Depending on the loan, a minimum down payment of 3.5 percent is required (zero down for VA loans).
Get started with PHH Mortgage
Borrowers can apply online. If you apply online, a representative will contact you.
Monday - Friday: 8 a.m. - 9 p.m. EST
Saturday: 8 a.m. - 5 p.m. EST