Embrace Home Loans is a direct lender based in Newport, RI. The company was founded in 1983 and offers mortgages to borrowers in 45 states across the USA (and Washington, DC).
Embrace Home Loans allows borrowers to apply for loan amounts of up to $1,500,000. 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..
Yes, Embrace Home Loans may charge a loan origination fee.
Yes, Embrace Home Loans charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
Embrace Home Loans offers the following mortgage programs:
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Embrace Home Loans allows the following property usage types:
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