Wyndham Capital Mortgage Review 2023

Breakdown of Wyndham Capital Mortgage overall score

• Affordability: Wyndham Capital mortgage’s rates weren’t available online at the time of this review. You can inquire about a personalized quote via the lender’s website.

• Availability: Wyndham Capital Mortgage lends to borrowers in most states, with New York one notable exception. It does have some non-qualifying (non-QM) options for borrowers with non-traditional circumstances.

• Borrower experience: This lender has an A+ rating from the Better Business Bureau and consistently receives praise for its customer service.

• Methodology

  Bankrate's expert editorial team collects lender information through a variety of methods. We contact lenders directly, and we also turn to regulatory filings and to assessments by third parties. Our research takes into account three main factors – affordability, availability and borrower experience.

  Bankrate's reporters and editors have decades of experience covering the mortgage industry. They're skilled at gathering information through interviews and by scouring regulatory filings. Bankrate evaluates more than 85 lenders for factors relating to affordability, availability and customer experience, assigning each a Bankrate Score out of five stars. Here's how we assess each of the categories:

  • Affordability. Loan cost is a deciding factor for many borrowers. We look at two metrics: 1) a lender's lowest advertised annual percentage rate (APR) based on Bankrate's sample scenario, which assumes a 740 or higher credit score and a 20 percent down payment, among other factors and 2) established-customer discounts or incentive pricing, when applicable.
  • Availability. Another factor is how quickly your loan application will be approved, and how many loan programs the lender offers. So we evaluate approval and closing timelines and diversity of loan products.
  • Customer experience. Finally, we delve into what it's like to deal with the lender as a consumer. We look at the lender's application process and availability of customer service support. We also consider the results of J.D. Power's 2022 Mortgage Origination Satisfaction Survey.

  Bankrate's editorial team confirms the accuracy of data at the time of publication. Our team is dedicated to maintaining the timeliness of information – the mortgage industry is changing constantly, so we regularly revisit these reviews to update them.

  Bankrate's methodology page spells out our rating process in greater detail.

Affordability: 3/5

You can request a customized rate quote from Wyndham Capital Mortgage online by filling out a form with your contact information and some basic details about the loan you’re seeking. The lender doesn’t charge any fees except in the event you need to extend your rate lock.

Availability: 5/5

Wyndham’s mortgage offerings include conventional and government-insured loans, as well as some non-QM products. It can also help you if you’re looking to finance an investment property. The lender doesn’t operate in Hawaii, Massachusetts or New York, however.

Borrower experience: 4.3/5

Wyndham Capital Mortgage has been in business for 20 years, with $30 billion in funded loans since then. The lender boasts an A+ rating from the Better Business Bureau and overwhelmingly positive reviews from past customers on various testimonial sites.

You can apply for a home loan with Wyndham online, and the lender can generate a preapproval letter on the spot for a specific property. Its website features mortgage and refinance calculators and other resources, and the lender supports e-closings. If you want to take advantage of the lender’s closing guarantee, note you’ll need to sign up for the lender’s loan management portal and complete the required steps within five business days.

For help with a mortgage, you can contact the lender Monday through Friday from 8 a.m. to 5:30 p.m. ET at 888-474-3073.

Refinancing with Wyndham Capital Mortgage

Wyndham Capital Mortgage offers 10-, 15-, 20- and 30-year refinancing, as well as cash-out and FHA and VA streamline refinancing. Borrowers can begin the process of getting a customized rate and applying for a refinance online.

Alternatives to Wyndham Capital Mortgage

• Ally Bank mortgage review – This lender offers similarly fast preapprovals, in as little as three minutes.
• Orchard Mortgage review – This lender’s application process typically takes 15 minutes.
• NBKC Bank mortgage review – This bank also backs up its process with a closing guarantee.