Where does Embrace Home Loans do business?

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).

How much can you borrow via Embrace Home Loans?

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..

Does Embrace Home Loans charge a mortgage origination fee?

Yes, Embrace Home Loans may charge a loan origination fee.

Does Embrace Home Loans charge prepayment fees?

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.

What mortgage programs does Embrace Home Loans offer?

Embrace Home Loans offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • HARP
  • USDA
  • VA

What property usage types does Embrace Home Loans allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Embrace Home Loans allows the following property usage types: 

  • Primary home 

  • Institution Type
    Direct Lender
  • Intended Use
    Primary Home
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    Up to $1500000
  • Terms
    15, 30
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