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  Acra Lending Home Loans
Acra Lending Home Loans
in Home Loans from Acra Lending · NMLS ID #144549
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Acra Lending Home Loans

Unaffiliated
in Home Loans from Acra Lending · NMLS ID #144549
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Highlights
Loan Amount $150,000 - $4,000,000
Loan Term (Years) Up to 30 years
Credit Score Range Starting at 500
No Origination Fee N/A

Acra Lending Home Loans Review

Acra Lending Home Loans are offered by acra lending mortgage (NMLS #144549), a nonbank financial services provider founded in 2003 and based in Lake Forest, CA. Acra Lending Home Loans are available in 40 states (and Washington, DC).

Key Takeaways

  • Only offers one mortgage pogram. Acra Lending Home Loans only provides jumbo mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Refinancing for large mortgages. You can refinance mortgages with balances of up to $4,000,000 with Acra Lending Home Loans.
  • Standard interest rates types. Acra Lending Home Loans offers adjustable-rate mortgages and fixed-rate mortgages.
  • Only primary residences considered. Acra Lending Home Loans does not offer financing for vacation homes or investment properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Acra Lending Home Loans.
  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 500 are considered.

Acra Lending Home Loans Pros & Cons

Pros Cons
  • Considers applicants with fair credit.
  • Available in 40 states.
  • Charges an origination fee.
  • Charges prepayment fees.

Acra Lending Mortgage FAQ

How much can you borrow via Acra Lending?

Acra Lending Mortgage allows borrowers to apply for loan amounts of up to $4,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Acra Lending Mortgage?

Acra Lending Mortgage offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Acra Lending offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, Acra Lending Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Acra Lending Mortgage offers the following mortgage types:

  • Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($548,250 as of 2021).

What is the customer service phone number?

The customer service number for Acra Lending Home Loans is (888) 800-7661.

What is the support contact email?

The support contact email for this business credit card is customerservice@acralending.com.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

About Acra Lending Home Loans

Availability

  Available in 40 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • Wisconsin
  • Wyoming

Feature Breakdown

Credit Score Range 500 -
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
Loan Amount $150,000 - $4,000,000
Loan Term Up to 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs Jumbo

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