FlexPoint Mortgage

FlexPoint Mortgage Review

FlexPoint Mortgage are offered by FlexPoint Mortgage Corporation (NMLS #1801380), a direct lender founded in 1996 and based in Costa Mesa, CA. FlexPoint Mortgage are available in 7 states across the USA.

Key Takeaways

• Instant online preapprovals. Find out how much you can borrow and what your interest rate will be.
• Only two mortgage programs offered. FlexPoint Mortgage provides FHA VA conforming and conventional mortgages.
• Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
• Standard interest rates types. FlexPoint Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
• Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental 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 FlexPoint Mortgage.
• Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for FlexPoint Mortgage.

FlexPoint Mortgage Pros & Cons

FlexPoint Mortgage FAQ

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

FlexPoint Mortgage offers mortgages with terms ranging from 15 to 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 FlexPoint Mortgage Corporation 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, FlexPoint Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, FlexPoint Mortgage offers the following mortgage types:

• FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does FlexPoint Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. FlexPoint Mortgage allows the following property usage types: 

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for FlexPoint Mortgage is (888) 909-7717.

What is the support contact email?

The support contact email for is info@flexpointmtg.com.