Wyndham Capital Mortgage Review 2022

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At a glance

Wyndham Capital Mortgage

NMLS: 2948

4.9

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Bankrate Score

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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 loan; non-QM; investment property
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Nationwide availability

Available in 47 states and Washington, D.C.; not available in Hawaii, Massachusetts and New York
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Min. credit score required

620 for conventional loans

Pros and cons

Pros

  • Automated preapprovals and on-demand preapproval letters
  • E-closing experience for faster turnaround
  • Live follow-up system that connects borrowers with a loan officer to discuss their application

Cons

  • Can’t apply for financing in person
  • No brick-and-mortar branches

Wyndham Capital Mortgage overview

Wyndham Capital Mortgage is a digital lender based in Charlotte, North Carolina. The lender was established in 2001 and provides mortgage financing in the majority of states and the District of Columbia. It has funded mortgages worth more than $22.7 billion and provided services for more than 76,000 borrowers. Notably, Wyndham Capital Mortgage offers a $10,000 limited guarantee (with certain stipulations) to assure that loans close on time, and charges no lender fees or hidden costs. For borrowers with a history of making their mortgage payments but are unable to qualify for a mortgage or refinance, Wyndham Capital Mortgage also offers flexible underwriting. According to the lender, the typical closing averages just shy of 40 days, with one-quarter of closings taking less than 20 days.

Good for

Borrowers looking to explore a variety of loan options or wanting the convenience of an e-closing

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing
  • Home equity loan
  • Non-QM
  • Investment property

Lender fees 

Wyndham Capital Mortgage doesn’t charge any lender fees. There might be a fee for a rate-lock extension due to delays, however.

Rates 

Wyndham Capital Mortgage advertises rates on its website and updates them daily, and includes a comparison to other major lenders. You can request a customized rate quote online by filling out a form with your contact information and basic details about the loan you’re seeking.

Online services

Borrowers can apply for a home loan with Wyndham Capital Mortgage 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.

Minimum borrower requirements

To qualify borrowers, Wyndham Capital Mortgage says it typically focuses on four areas: income and debts (such as credit cards, auto loans and student debt); assets; credit score and credit record; and loan-to-value ratio (LTV).

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.

Not sure if Wyndham Capital Mortgage is right for you? Consider these alternatives 

Breakdown of Wyndham Capital Mortgage overall review score

  • Affordability: 5/5
  • Availability: 5/5
  • Borrower experience: 4.7/5

Review methodology

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Wyndham Capital Mortgage consumer reviews

3.4

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5 reviews

5 stars
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3
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2

Customer service rating

Knowledge
3.4
Level of service
3.4
Professionalism
3.4
Responsiveness
3.6

60% of reviews would recommend this lender

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Written by
Jeff Ostrowski
Senior mortgage reporter
Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.
Edited by
Mortgage editor