LoanDepot is an online mortgage lender that strives to simplify the mortgage process with digital tools. As of November 2020, the Better Business Bureau gives LoanDepot an A+ rating after having closed 653 complaints over the past three years. Loans are not available to residents of West Virginia. loanDepot offers 10, 15, 20, and 30-year terms on fixed-rate conventional loans. Offer excludes loanDepot’s Wholesale division. If your loan is currently with loanDepot and you are having trouble making your mortgage payment due to change or loss of your job, serious illness, divorce or other difficult situation, loanDepot may be able to work with you to enable you to catch up on your payments or assist you in avoiding the loss of your home through foreclosure. Before your loan transfers to either our New Jersey servicing center or a new servicer, you will receive a letter with instructions to begin sending your payment to a new address. Term in years: On adjustable-rate loans, interest rates are subject to potential increases over the life of the loan, once the initial fixed-rate period expires. Loan information: [-] Mortgage amount: $0k. Your Monthly Savings. The Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs and down payment assistance programs. Future applicants must contact loanDepot directly via the website: www.loandepot.com/MyGuarantee or via telephone (877-395-7381) to qualify for the Guarantee. LoanDepot has a broader range of mortgage products than some of its competitors. Here are some details about loanDepot’s loan products: Fixed-Rate Mortgage. Protection+ Mortgage Disclosure. The company is the second-largest non-bank consumer lender in the U.S., offering mortgage loans, refinancing options, and loans for builders and real estate investors. “Appraisal fee” includes only the fee associated with the first appraisal on the loan transaction and does not include any ancillary appraisal fees that may be charged in connection with the loan transaction (e.g., second appraisal fee, appraisal re-inspection fee, appraisal recertification fee, etc.). LoanDepot Mortgage Review. LoanDepot is like the Home Depot of mortgages — it provides a streamlined approach to mortgages, refinance loans and home equity loans. For future loans meeting the above requirements and which are successfully closed, the appraisal fee will be reimbursed at the closing of the loan transaction and no lender fees will be charged. loanDepot Lifetime Guarantee ("Guarantee") — Subject to the conditions and contact requirements outlined below, the Guarantee applies to the refinancing of an outstanding loan originated by loanDepot that is secured by the same property upon which that borrower previously received from loanDepot a loan and “loanDepot Lifetime Guarantee” certificate. LoanDepot Mortgage Review 2021. The Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs and down payment assistance programs. * Monthly payments only include principal and interest and are not an offer to lend. Each homeowner’s needs are different, and LoanDepot offers a variety of options. … All loans may be subject to an origination fee of 1% to 5% of the loan amount. We want to thank you for being a loanDepot customer. Down payments on conventional loans can be as low as 5% of the home purchase price. Luckily, the first call came in from loandepot, and the ease, their customer service and rates made me signup with them by end of the same day. IL Community Reinvestment Act Notice. Future applicants must contact loanDepot directly via the website: www.loandepot.com/MyGuarantee or via telephone (877-395-7381) to qualify for the Guarantee. All loans to New York residents must qualify for an annual percentage rate (APR) of less than 16% to be considered for approval. They say the average homeowner will refinance their mortgage every seven years, which they break down as four times over the span of a 30-year mortgage, and twice over a 15-year mortgage. Box 11733, Newark, NJ 07101-4733. Crunch your own numbers with our mortgage calculators for refinance or home loan, and … TX Consumer Complaint Disclosure Savings from loanDepot’s HARP refinancing program average $355 per month. doxo is the simple, protected way to pay your bills with a single account and accomplish your financial goals. By Bankrate Staff Jan. 1, ... please be sure to check with the lender for updated details on down payments, credit scores, etc. loanDepot also holds a $103 billion unpaid principal balance mortgage servicing book. Here at loanDepot, we value the safety and health of our customers. The Guarantee may only be used by submitting an application directly to loanDepot. Offer available only for closed loans with application dates on or after November 7, 2016 (for loanDepot’s nonbranch offices) and application dates from May 1, 2017 to December 6, 2017 (for loanDepot’s branch offices). This means that you may need to start making your monthly payment to a different address at loanDepot or to a different mortgage company, generally in the first 30-90 days after your loan closes. The minimum down payment for Rocket Mortgage is 3% while loanDepot requires a 5% down payment. Interest rates fluctuate according to market rates after a period of fixed interest. Please refer to your mortgage statement to determine where your loan is serviced for accurate contact information. Welcome to loanDepot. LoanDepot has no application fees or prepayment penalties for any of its loans, but the lender does charge a late fee if a borrower is more than 15 days late on a mortgage payment. Jumbo mortgage loanDepot cannot guarantee that the borrower will be approved for a future loan, the interest rate for a future loan, or the future appraised value of the home. Testimonial disclosure — Compensation was not paid in exchange for any testimonial on this site. LoanDepot has a strong online presence. Here are things we recommend all loanDepot customers do: Access your loanDepot account through our website so you can continue to manage your account safely anytime, anywhere. NMLS#174457 - NMLS Consumer Access Site opens in new window |, ©2009-2021 loanDepot.com, LLC all rights reserved. Mail Home Loan Payments to. This program allows homeowners to refinance their loans with no equity or private mortgage insurance. LoanDepot allows borrowers to apply for a mortgage or find a loan officer or branch online, and much of the application process can be completed digitally. 3.9 The Annual Percentage Rate (APR) is based on the loan amount and may include up to 3 points. Rocket Mortgage offers more loan types, including USDA loans. The lender earns 3.82 out of 5 stars based on almost 1,400 customer reviews. NMLS: 174457. All loans to Ohio residents must be greater than $5,001. Monthly payment is $1,529.99. loanDepot is dedicated to assisting our customers during this difficult time and fully complies with requirements of the Cares Act. We are closely monitoring the latest reports from the Centers for Disease Control (CDC) about COVID-19 and are taking every step we can to ensure the wellness of our customers, employees, and communities. That means different types of buyers should be able to find a fitting loan — … The Guarantee also does not apply to loans applied for through third parties (e.g., Lending Tree) or originated through loanDepot’s Wholesale division. All loans in Massachusetts will be greater than equal to $6,001. Both Rocket Mortgage and loanDepot offer purchase and refinance loans, as well as FHA and VA loans Please contact one of our Licensed Lending Officers at (888) 983-3240 for a customized rate and payment quote. Login to manage automatic payments, set up one time payments, and view account details. All loans to Connecticut residents must qualify for an annual percentage rate (APR) of less than 12% to be considered for approval. Manage all your bills, get payment due date reminders and schedule automatic payments from a single app. $200k. Sometimes, you can refinance just your first loan, but you will need to speak to a loan officer to determine if this is an option for you. Payment Assistance You may be eligible to postpone your monthly payments with a forbearance. Read on to compare mortgage rates and even discover what LoanDepot mortgage payment might fit your needs. Username. The Guarantee may only be used by submitting an application directly to loanDepot. Refinance disclosure - By refinancing the existing loan, the total finance charges may be higher over the life of the loan. All loans to Vermont residents must qualify for an annual percentage rate (APR) of less than 12% to be considered for approval. If you have been directly impacted by the Coronavirus (COVID-19), we are here to support you. Look out for suspicious emails, phone calls, text messages or websites that may be trying to scam you. Please reach out to loanDepot’s Customer Service Department at (866) 258-6572. To request an account, please contact your Jira administrators. This program allows homeowners that have loans owned by Fannie Mae or Freddie Mac on or before March 31, 2009, and are up-to-date on their mortgage payments. All loan applications are subject to credit review and approval. Login to manage automatic payments, set up one time payments, and view account details. Here are details on each LoanDepot mortgage: 1. Box 5710, Chicago, IL 60680-5681, please reach out to the following teams for assistance. loanDepot Mortgage Options. $827. We will continue to do everything we can to support you during this time. Access your loanDepot account through our website so you can continue to manage your account safely anytime, anywhere. We are here and ready to help. A forbearance is short-term payment relief for customers who are willing to make their monthly payments, but face temporary, To view legal disclosures and important notices, please click the following: Subject to the conditions and contact requirements outlined below, the Guarantee applies to the refinancing of an outstanding loan originated by loanDepot that is secured by the same property upon which that borrower previously received from loanDepot a loan and “loanDepot Lifetime Guarantee” certificate. Use tab key to navigate between radio buttons. Terms and conditions are subject to change without notice.