Financing Sizes: 3.5 out-of 5

Most consumers will likely select the type of mortgage they’re searching to own with this lender, whilst has the benefit of all common mortgage products. It also even offers renovation money and you may HELOCs. But if you are interested in things less common, you will need to incorporate elsewhere.

Affordability: step three out of 5

LoanDepot demands an effective 5% down-payment for a house into their compliant fund, that’s slightly higher than the 3% that many almost every other loan providers enable it to be. It does give FHA money, which are often touted because of their affordability, so you can consumers having results as a result of 580 with an excellent step 3.5% down payment. You’re able to find a keen FHA financing using this bank with a get only 500 if you possibly could lay about ten% off.

Customer care: 3.twenty seven off 5

For the the Zillow bank character, LoanDepot have good cuatro.91 out-of 5 famous people, centered on more than six,000 on the internet consumer critiques. With the TrustPilot, it has an effective step three.nine out of 5-superstar get, based on more than 4,000 consumer recommendations. But in J.D. Power’s 2023 All of us Mortgage Origination Pleasure Analysis, LoanDepot ranked well beneath the world mediocre.

Trustworthiness: 4 away from 5

LoanDepot has already established an a+ get in the Bbb. The Better business bureau prices organizations centered on how they handle customer items in addition to their complete visibility and you can sincerity. Continue lendo Great things about Using LoanDepot to own Home loan Funding →